I have nothing to say against an inferior sort of Money; a _Verna Nummus_, provided there be a _Regina Pecunia_ too; and it is indeed a dishonouring him, whose Image and Superscription our Money bears, if we shall make use of our Money to cover over a Fraud; it is a respect we owe to the King, not to suffer his Impress upon any thing but what is really Valuable; and it is for the Nation’s Honour that the vilest of our Coin hath a real Value; but if the Wisdom of the _Parliament_ shou’d think otherwise, yet there is a vast Difference between having the under-Money, and all the Money of the Nation of an Imaginary Value.

The Arguments that may be made use of against such an imaginary Valuation of Money, are perhaps invincible, and almost innumerable; but were there no other but this, I think it might be sufficient without any more; considering our present Case.

The Regulating Silver Coin, Made Practicable and Easie, to the Government and Subject — Part 14

We must have an Army in _Flanders_ or a War in _England_.

The Regulating Silver Coin, Made Practicable and Easie, to the Government and Subject — Part 14

I would I had nothing to do but to make out that.

The Regulating Silver Coin, Made Practicable and Easie, to the Government and Subject — Part 14

How must we pay this Army? The Royal Bank of _England_, ’tis said, have established there a _Mint_ for Coining of Money to pay the Army; I desire then to know if they will be contented to receive here an undervalued Money, and pay there our Army in Money which the _Flemmings_ will take; If they do, the Cap lies between the _Flemmings_ and them, I wo’nt award till I know more.

I rather think that the _Hollanders_ and _Flemmings_ will raise their Money proportionably to what we raise ours, and then in all Respects we are just as we were, till we rise higher than they, and then they higher than we; which will beget perpetual Wranglings and Wars in Trade.

I thought now to have done with this Article, but can’t omit one thing.

Which is that when you raise the Value of Money, you Naturally raise the Value of Silver, which is high enough already; and then indeed _England_ will become the Best Market for Silver, because all Countries will sell it to us and get sufficiently by the Bargain: they’ll buy good peny-worths of our Commodities, giving us high Valued Silver for it, till we have a glut of Silver and the Price of Silver falls and then I suppose the Intrinsic Value of the Money falls too. Tho’ I confess as bad Consequences may follow too great an Intrinsic Value.