put in
practice, would blow up this destructive project at once. Let some
skilful judicious pen draw up an advertisement to the following purpose.
That "Whereas one William Wood hardware-man, now or lately sojourning
in the city of London, hath, by many misrepresentations, procured a
patent for coining an hundred and forty thousand pounds[12] in copper
halfpence for this kingdom, which is a sum five times greater than our
occasions require. And whereas it is notorious that the said Wood hath
coined his halfpence of such base metal and false weight, that they are,
at least, six parts in seven below the real value. And whereas we have
reason to apprehend, that the said Wood may, at any time hereafter,
clandestinely coin as many more halfpence as he pleases. And whereas the
said patent neither doth nor can _oblige_ His Majesty's subjects to
receive the said halfpence in any payment, but leaves it to their
voluntary choice, because, by law the subject cannot be _obliged_ to
take any money except gold or silver. And whereas, contrary to the
letter and meaning of the said patent, the said Wood hath declared that
every person shall be _obliged_ to take fivepence halfpenny of his coin
in every payment. And whereas the House of Commons and Privy-council
have severally addressed his Most Sacred Majesty, representing the ill
consequences which the said coinage may have upon this kingdom. And
lastly whereas it is universally agreed, that the whole nation to a man
(except Mr. Wood and his confederates) are in the utmost apprehensions
of the ruinous consequences, that must follow from the said coinage.
Therefore we whose names are underwritten, being persons of considerable
estates in this kingdom, and residers therein, do unanimously resolve
and declare that we will never receive, one farthing or halfpenny of the
said Wood's coining, and that we will direct all our tenants to refuse
the said coin from any person whatsoever; Of which that they may not be
ignorant, we have sent them a copy of this advertisement, to be read to
them by our stewards, receivers, &c."
[Footnote 12: In the first paragraph of this letter the sum was given as
L104,000. [T.S.]]
I could wish, that a paper of this nature might be drawn up, and signed
by two or three hundred principal gentlemen of this kingdom, and printed
copies thereof sent to their several tenants; I am deceived, if anything
could sooner defeat this execrable design of Wood and his accom
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