Select Tracts and Documents Illustrative of English Monetary History 1626-1730: Comprising Works of Sir Robert Cotton; Henry Robinson; Sir Richard Temple and J. S.; Sir Isaac Newton; John Conduitt; Together with Extracts from the Domestic State Papers at H. M. Record Office

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C. Wilson, 1896 - 244 pages
 

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Page 195 - If things be let alone till Silver money be a little scarcer, the Gold will fall of itself; for people are already backward to give Silver for Gold, and will in a little time refuse to make payments in Silver without a premium, as they do in Spain, and this premium will be an abatement in the value of the Gold : And so the question is, whether gold shall be lowered by the Government, or let alone till it falls of itself, by the want of Silver money.
Page 193 - ... silver : and the demand for exportation arises from the higher price of silver in other places than in England in proportion to gold, that is from the higher price of gold in England than in other places in proportion to silver, and therefore may be diminished by lowering the value of gold in proportion to silver.
Page 34 - Hedg-minters of the Netherlands (which terms them well) have a fresh and full Trade by this abatement? And we cannot do the Spanish King (our greatest Enemy) so great a Favour as by this, who being the Lord of this Commodity by his West-Indies, we shall so advance them to our impoverishing ; for it is not in the power of any State to raise the price of their own but the value that their Neighbour Princes acceptance sets upon them. Experience hath taught us, that the enfeebling of Coin is but a shift...
Page 194 - Half-penny in a Guinea, or above, may have been sufficient to bring the great Quantity of Gold which hath been coined in these last 15 Years without any Foreign Silver.
Page 190 - Is. 6d. in silver money. But silver in bullion, exportable, is usually worth 2d. or 3d. per ounce more than in coin ; and if, as a medium, such bullion of standard alloy be valued at 5s.
Page 191 - ... edicts have sometimes varied a little from this proportion, in excess or defect, but the variations have been so little that I do not here consider them. By the edict of May, 1709, a new pistole was coined for...
Page 42 - Treasurer Burleigh in 1573. when some Projectors had set on foot a matter of this nature, to tell them that they were worthy to suffer Death for attempting to put so great a Dishonour on the Queen, and Detriment and Discontent upon the People. For, to alter this publick Measure, is to leave all the Markets of the Kingdom unfurnished; and what will be the 5 Edw VI Mischief, the Proclamations of 5 Edw.
Page 34 - ... cannot but then conclude (My honourable Lords), that if the proportion of gold and silver to each other be wrought to that parity, by the advice of Artists, that neither may be too rich for the other, that the mintage may be reduced to some proportion of neighbour parts, and that the issue of our native commodities may be brought to overburthen the entrance of the forreign, we need not seek any way of shift, but shall again see our trade to flourish, the Mint (as the pulse of the Commonwealth)...
Page 219 - That nine parts in ten, or more, of all payments in England, are now made in gold, and if so, they will be very little affected by any alteration in the silver.
Page 192 - And it appears by experience as well as by reason, that silver flows from those places where its value is lowest in proportion to gold, as from Spain to all Europe, and from all Europe to the East Indies, China, and Japan ; and that gold is most plentiful in those places in which its value is highest in proportion to silver, as in Spain and England.

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