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seemeth exact enough; but for the weight it may fall out that the
pieces taken out of the several Proportions of Money coined;
being melted together may hold the weight required within the
Remedies; and yet the pieces of those several Proportions may
differ in weight from one another; more than the Remedy allowed。
The Remedies that are propounded for this inequality are divers:
Some think that it may be redressed by a strict and severe
Course to be held with all those; through whose hands the work
doth pass for the perfection of their works。
Others are much pleased with belief of some invented Engines;
which have been by some work…men offered for a more perfect and
exact coining of Moneys; than can be performed by the stamp; and
the ways that are now practised。
Others find no so good way as by the Mill; whereof divers
experiments have been made both in this Kingdom and in other
parts。 Of which; because I dare in my self deliver no Opinion; I
will only translate what I find written by a French Author; a man
of great practice and experience in these Mysteries; but because
in some places he hath words of Art which admit of no
translation; I must be fain use the original Terms: He saith;
That against the Establishment of the Mill it is objected; that
after the Invention of it; by reason of the great clipping that
belongs to it; the Conductor of it was of Necessity to have an
Augmentation for the Workmanship。
2。 That the Ressorts; and Wheels; and Squares and Pieces; by
which it is governed; are very subject to break and bruise one
another。
3。 That it wants Expedition; and dispatches but a little
work。
4。 That makers of false Money will easily counterfeit it。
5。 That no man will undertake to make Money with the Mill;
but at the same price which is paid for the marks for Silver
Counters made with a Mill。
To which fie objections I answer。
1。 That the quantity of Clipping Mill Money; is no loss to
the Farmer nor to the Workman; and is done without pain; charge
or travel; besides the Charge of the wasting is taken away; which
is both an expence to the Master and to the Farmer: That the
augmentation for the workmanship was not allowed for the new
melting of the Clippings; but because there was no reason that
the Masters of the Mill should without recompence give those
several fashions to the work; which the work…man is paid for; and
hath 3 sols allowed him upon the mark; and besides furnish great
Cizers; three sorts of Hammers; Anvil and other Instruments。 Now
the Money being made in the Mill by the industry of the Master
who doth give other like fashions to the work; as the Minters now
do; it was but reason to attribute the same right unto him。 And
in those places where Mill…Money hath remained in use; as at Pau
and at Bearne; the fee of the work…man is attributed to the
Master of the Mill; as likewise of the Carver and Graver; and
that very justly。
2。 For the Second Objection; that the Ressorts; Wheels;
Squares; etc。 are subject to breaking; It may be answered that at
the new setting up of the first Mills; the Artisans were not so
perfect and expert as they have shewed themselves since by
Practice; since the Mills are grown common as now they are: There
is nothing harder than to invent; nor more easie than to adde to
things invented。 There are Mills set up not only at Paris; but at
Lyons; Tholouse; Aix; Amiens; Nants; Bordeaux; Poitiers; so that
the use of them is now universal; for the Coinage doubles base
and abject Money。
3。 For the third Objection; That there is no Expedition in
Mills; and that the work is not so soon dispatched as with the
Hammer: It shall suffice to answer; That it proceeds from a Man
that hath no experience in this Subject of Money; because that
four Men bred and used to the making of Money in a Mill will do
more work than twelve work…men or Moneyers with the Hammer。
4。 For the fourth Objection; That the Counterfeiter of Money
will imitate the Money made in a Mill: this objection were
credible if the author could produce one piece of Silver or Gold
made in the Mill counterfeited since the Introduction thereof
brought into France; and there is nothing that the counterfeiters
of Money and their foster Fathers the Alchymists; do more fear
and apprehend; knowing that they cannot suborn base and abject
mettals; as Copper; Lead; Tinn; (the materials of Counterfeiters)
for Gold and Silver; but that the piece will instantly be
discovered; because the Moneys made in the Mill will always be
equal and of like volume; greatness and thickness; because it all
passeth by the same Coupier which cutteth equally; which cannot
be the case with the Moneys made with the Hammer; (the Hammer not
being governed with an equal force and measure; as in the Mill。)
Neither can they be clipped; but that the exposer thereof will be
discovered; taken and punished。 And it may be avowed that the
Teston made in the Mill hath not been seen clipped in France; the
perfect representation of the King's Image seeming to have been
retained; and terrified the Clippers。
5。 As for the last Objection; That no man will undertake to
make Money in the Mill; but at the rate which is paid for the
mark of the Silver Counters: This objection proceeds out of
Ignorance; because; the matter of Silver Counters is Argent le
Roy; and therefore of greater fineness than the Money; and
requires a greater charge to refine it to that title and degree。
Besides the maker of Silver Counters must have a great diversity
of Chisels; and Prints of a different sort from those of Moneys;
and almost as many as there be different Noble men; Corporations;
and Townhouses; that take pleasure to have their Arms or Devises
engraven in Silver or Copper Counters; whereof sometimes the very
square will cost 20 Livres; which shall serve only for one purse
of two marks of Counters; and for proof thereof let the Masters
of the Mills for coining of Doubles be called; and he will
undertake for the same wages and fees that the Moniers have; to
make the Moneys in the Mill。 Thus far this Author: but as I said
before; I undertook this Discourse of the Mechanical part of
Money with Scruple; so I do leave it with Alacritie。
Chapter 11
Of the great increase of the Proportion between Gold and Silver;
and the things valued by them; by which there is grown a greater
want of Money in England than was in Antient times; and of the
Causes thereof; and of the Remedies which may be applied。
Because this Title is of a very curious and perplexed Search;
I am inforced contrary to a Logical Method; to set down my
Conclusion first; and to explain by the cleerest Expressions I
can think of; what it is I intend to prove; and by what ways; and
then to prove that the price of all things; which is the
Proportion between Money and the things; which is the Proportion
between Money and the things valued by Money; at this present is
much encreased from what it was in antient times: and because I
will set down a time certain of Antiquity; I will take the 25th
year of Edward the Third; when a pound of Gold of sterling
standard made 15 l。 sterling; and a po