land_.

There has been a considerable Profit made, by _Melting down_ and
_Exporting_ our own Coin; and there will always be those that will do
it, tho' punish'd with Death, as in _Portugal_. And where there is a
great Loss in Melting down, or Exporting the _Current Coin_, tho' there
is no _Penalty_, the Money will be preserv'd; as in _Holland_.

Let the Merchant have a _Profit_ in carrying Gold and Silver to the
_Mint_ to be coined, or there will little or none go there: But if the
Merchant finds a _Profit_ (tho' small) in the Coinage, there will be
great Quantities coined.

That they who act with the greatest _Prudence_ and _Honour_, and have
most Money, will always have most Credit; this needs no Proof.

While our _Money_, which is the Blood of the _Body Politick_, is
suffer'd to run out, and there is no Supply, all _Projects_ for
restoring _Credit_, and keeping up the Spirits of the _People_, will
prove abortive. _Trade_, and the Noblest Undertakings for Employing the
_Poor_, must be at a full Stop, if Money be wanting to carry them on.

'Tis certain, that until we have a greater Plenty of Money, _Trade_ and
all other Business must be assisted with _Paper Credit_; and if it does
not receive Voluntary Credit, it will never be made by Force. And if our
Affairs are rightly managed, our Estates are doubled, and secur'd; if
not, the best Estates will soon be worth nothing.

That _Paper Credit_ may have an immediate Currency, it is necessary for
the _Exchequer_ to issue out as many _Notes_ as they shall be able to
circulate, with a _Tax_ of a _Guinea_ on every _Transfer_; the one Half
to be paid by the _Buyer_, and the other by the _Seller_.

That those _Bills_ be to discharge the Debts due and owing by the
_Government_: And that the said _Bills_ be circulated in _London_.

Some make a mighty Noise, that if our _Coin_ be raised, _Foreigners_
will not take it. I answer, For that Reason we ought to raise it. If we
are to pay _Foreigners_ any Thing upon the Balance of an Accompt, we
ought to pay them as near as we can in their own Coin.

That no Person (under severe _Penalty_) presume to raise the _Price_ of
any Thing, on Account of the Alteration of the _Coin_; otherwise the
_Name_ is only alter'd, and not the _Value_ of our Coin: There being as
much Reason for the _Parliament_ to put a _Value_ thereon, as for a
_Goldsmith_ to do it on wrought Plate.

But the first Care to be taken, is, How the _Nation_ may prevent