set it.
He had the patent prepared, and consulted Sir Isaac Newton, then Master
of the Mint, with regard to the objects which the Government had in
view, and the weight and fineness of the coin which Wood was to supply.
The halfpence and farthings were to be a little less in weight than the
coin of the same kind {241} current in England. Walpole considered
this necessary because of the difference in exchange between the two
countries. Sir Isaac Newton was of opinion that the Irish coin
exceeded the English in fineness of metal. As to the King's
prerogative for granting such patents, Walpole himself explained in a
letter to Lord Townshend, then in Hanover with the King, that it was
one never disputed and often exercised. The granting of this patent,
and the mode of supplying the deficiency in copper coin, might seem
little open to objection; but the Irish Privy Council at once declared
against the whole transaction. Both Houses of the Irish Parliament
passed addresses to the King, declaring that the introduction of Wood's
coinage would be injurious to the revenue and positively destructive of
trade. The Irish Lord Chancellor set himself sternly against the
patent in private, and urged all his friends, comrades, and dependents,
to act publicly against it. The addresses from the two Houses of
Parliament were sent to Walpole, who transmitted them to Lord
Townshend. Walpole accompanied the addresses with an explanation in
which he vindicated the policy represented by the granting of the
patent, and insisted that no harm whatever could be done to the trade
or revenue of Ireland by the introduction of the new copper coinage.
Walpole advised that the King should return a soothing and a
conciliatory reply to the addresses, and the King acted accordingly.
It seemed at one time probable that a satisfactory compromise would be
arranged between the Irish Parliament and King George's ministers.
This hope, however, was soon dispelled.
One objection felt by the Irish people in general to the patent and the
new coinage was founded on the discovery of the fact that Wood had
agreed to pay a large bribe to the Duchess of Kendal for her influence
in obtaining the patent for him. The objection of the Irish Executive
and the Irish Parliament was mainly based on the fact that Dublin had
not been consulted in the arrangement of the business. The ministers
in London {242} settled the whole affair, and then simply communicated
the nat
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