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Front Page Titles (by Subject) REPRESENTATION FIRST - A Select Collection of Scarce and Valuable Tracts on Money
REPRESENTATION FIRST - John Ramsay McCulloch, A Select Collection of Scarce and Valuable Tracts on Money [1856]Edition used:A Select Collection of Scarce and Valuable Tracts on Money from the Originals of Vaughan, Cotton, Petty, Lowndes, Newton, Prior, Harris, and Others, with a Preface, Notes, and Index (London: Printed for the Political Economy Club, 1856).
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- Preface.
- Vaughan, a Discourse of Coin and Coinage
- Chap. I.: Of the First Invention and Use of Money.
- Chap. II.: Of the Matter of Money.
- Chap. III.: Of the Forms of the Money Anciently and Now In Use.
- Chap. IV.: Of the Proportions Held Between Gold and Silver, Antient and Modern.
- Chap. V.: Of the Raising of the Price of Money Both of Silver and Gold.
- Chap. VI.: Of Base Money.
- Chap. VII.: Of the Inconveniences In General Grown In the Matter of Money.
- Chap. VIII.: Of the Low Price of Our Silver.
- Chap. IX.: Of the Prohibition of Forrein Moneys, Especially Spanish.
- Chap. X.: Of the Unequal Coinage of Our Moneys.
- Chap. XI.: 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
- Chap. XII.: Of the Raising of the Price of Moneys By Our Neighbours, and the Defect of Our Not Raising of Our Moneys Accordingly.
- Chap. XIII.: Of the Benefits Which Do Grow Unto the State By the Raising of Moneys, and the Prejudices Which Do By Not Raising of It.
- Chap. XIV.: The Benefits Which Do Grow to the State By the Not Raising of Money, and the Prejudices Which Do Grow By the Raising of It.
- Chap. XV.: Examinations of the Reasons For the Raising of Money.
- Chap. XVI.: Examinations of the Reasons For the Not Raising of Money.
- Chap. XVII.: Of Contracting With Forrein Nations By Ambassadors to Keep Their Moneys At a Certain Standard.
- Chap. XVIII.: Of the Ordaining of Solid Payments.
- Chap. XIX.: Of Equalizing the Exchange.
- Chap. XX.: Of Reducing Moneys to the Lowness of Ancient Values.
- Chap. XXI.: Of Raising Our Moneys According to the Raising of Our Neighbours.
- Chap. XXII.: Of Introducing Two Different Species of Money.
- Chap. XXIII.: Of Coining of Moneys Without Distinction of Weights.
- Lord Coke’s Account of Coin and Coining.
- Cotton, a Speech Touching the Alteration of Coin.
- The Answer of the Committees Appointed By Your Lordships to the Proposition Delivered By Some Officers of the Mint, For Infeebling His Majesties Monies of Gold and Silver.
- The First Part. the Preamble.
- Questions to Be Proposed to the Merchants, Mint Masters, and Goldsmiths Concerning the Alteration of the Silver-monies.
- Certain General Rules Collected Concerning Money and Bullion Out of the Late Consultation At Court.
- Advice of His Majesty’s Council of Trade, Concerning the Exportation of Gold and Silver In Foreign Coins and Bullion. (concluded December 11. 1660.)
- Reasons Aud Arguments For the Free Exportation of Gold and Silver In Foreign Coin and Bullion.
- Sir William Pettys Quantulumcunque Concerning Money, 1682.
- Questions.
- A Report Containing an Essay For the Amendment of Silver Coins
- The Second General Head Concerning the Present State and Condition of the Gold and Silver Conis.
- The Third General Head Discusses This Question, Whether It Be Or Be Not Absolutely Necessary At This Time to Re-establish the Coins.
- The Fourth General Head Is to Propose the Means That Must Be Obtained, and the Proper Methods to Be Used In and For the Re-establishment of the Silver Coins.
- The Fifth General Head Considers What Must Supply the Commerce, Pay Taxes, &c. Whilst the Clipt Money Is Under Its New Fabrication.
- In Quodam Libro Vocato Nigro Scripto Tempore Regis Henrici Secundi, Per Gervasium Tilburiensem, De Necessariis Scaccarii, Remanente In Curia Receptæ Scaccarii, Inter Alia Sic Continetur.
- A Computation of the Common Weight of a Hundred Pounds By Tale, In Ordinary Silver Money At This Day, Taken From a Medium of the Bags, Weighed At the Receipt of Exchequer, In May, June, and July Last.
- Note On the Re-coinage of 1696-99.
- Representations of Sir Isaac Newton On the Subject of Money. 1712-1717.
- Representation First
- Representation Second.
- Representation Third.
- Tables Illustrative of the Successive Changes In the Standard, In the Weight of the Coins, and In the Relative Values of Gold and Silver In England, From the Conquest Down to 1717.
- Note On Scotch Money, With Tables Showing the Successive Changes In the Standard In the Weight of the Coins, and In the Relative Values of Gold and Silver, From 1107 to 1707, When Scotland Ceased to Have a Peculiar Coinage.
- Observations On Coin In General, With Some Proposals For Regulating the Value of Coin In Ireland.
- Essays On Money and Coin I
- Part I.: The Theories of Commerce, Money, and Exchanges.
- Chapter I.—: Of the Nature and Origin of Wealth and Commerce.
- Chapter II.—: Of Money and Coins.
- Chapter III.: Of Exchanges.
- Essays On Money and Coin Ii
- The Preface.
- Part II.
- Chapter I.: A Summary Account of All the Alterations That Have Been Made In Our Standard of Money, From the Norman Conquest to the Present Time, With the Opinions of Some Very Eminent Men Upon Those Kinds of Measures.
- Chapter II.: The Established Standard of Money Should Not Be Violated Or Altered, Under Any Pretence Whatsoever.
- Postscript. of Standard Measures.
- Reflections On Coin In General
- Raper, an Inquiry Into the Value of the Ancient Greek and Roman Money.
- Introduction.
- § 1.: Of the Attic Drachm.
- § II.: Of the Eginean and Euboïc Talents.
- § III.: Of the Roman Money.
- § 4.: Of the Value of Gold In Greece and Rome.
- § V.: Of the Value of the Ancient Greek and Roman Money.
- Conclusion.
- Tables Showing the Denominations of the Principal Greek and Roman Coins, and Their Values In Sterling Money,
REPRESENTATION FIRST
to the Right Honourable the Earl of Oxford and Earl of Mortimer, Lord High Treasurer of Great Britain.May it please Your Lordship,
ACCORDING to your Lordship’s Order, signified to me by Mr. Secretary Harley, in his Letter of February 26th last, I have considered the Letter of his Grace the Duke of Ormond, Her Majesty’s Lieutenant General and General Governor of Ireland, sent to your Lordship, together with the Representation sent to his Grace from the Lords of Her Majesty’s Most Honourable Privy Council of that Kingdom, mentioning a late Proclamation for making current in that Kingdom some Pieces of Foreign Gold and proposing to make current there, by further Proclamation, several other Pieces of Foreign Gold therein named, to prevent the Counterfeiting thereof: and as to the Value of the Pieces, I humbly represent, that the Spanish Pistoles, one with another, as they are brought hither by the Merchant, weigh 103 Grains each at a Medium, and are in Fineness half a Grain worse than Standard, and after the Rate that a Guinea is valued in England at 1l. 1s. 6d. are here worth 17s. 1d. and in Ireland, where the Silver Money is raised a Penny in the Shilling, if the Gold be raised in the same Proportion, become worth 18s. 6d. And in Proportion to the Quadruple Pistole weighs 412 Grains, the Double Pistole 206 Grains, and the Quarter Pistole 25¾ Grains: But in the Representation the Quadruple Pistoles are said to weigh 408 Grains, the Double Pistole 204 Grains, and the Quarter Pistoles 25 and an half Grains, whence I gather, that in the former Proclamation the Weight of the Pistole was but 102 Grains, which is a Grain lighter than the just Weight, this Grain, as I conceive, being abated to give a legal Currency to such lighter Pieces as want not above a Grain of their just Weight; and upon this Consideration the Quadruple, Double, and Quarter Pistoles may be put in Weight and Value as is expressed in the Representation; and so may the Double and Quarter Luidores, they being of the same weight, Fineness and Value with the Double and Quarter Pistoles.
The Moydores of Portugal, one with another, as they are brought hither by the Merchant, weigh 165¾ Grains at a Medium, and a Quarter of a Grain better than Standard, and in England are worth 27s. 8d. Half-penny, and being raised a Penny in the Shilling, become worth 30s. in Ireland: In the Representation their Weight is put 168 Grains, which is certainly too much; and thence it comes to pass, that they are therein valued at 1l. 10s. 6d. which is 6d. too much. I have examined the Weight of 30 Parcels of Moydores, containing a Thousand Moydores in each Parcel, and thereby found, that the Moydore, at a Medium, weighs only 165¾ Grains; if in Favour of the lighter Pieces the Fraction be abated, their Weight and Value, in a new Proclamation, may be put as follows. The Portugal Piece of Gold, called a Moydore, and weighing 165 Grains, to pass at 1l. 10s. the Half Moydore weighing 82 Grains and an half, at 15s. and the Quarter Moydore, weighing 41 Grains and a Quarter, at 7s. 6d.
Gold is over-valued in England in Proportion to Silver, by at least 9d. or 10d. in a Guinea, and this Excess of Value tends to increase the Gold Coins, and diminish the Silver Coins of this Kingdom; and the same will happen in Ireland by the like over-valuing of Gold in that Kingdom. But it’s convenient that the Coins should bear the same Proportion to one another in both Kingdoms, to prevent all fraudulent Practices in those that Trade between them, and that the Proportion be ascertained by Proclamation.
All which is most humbly submitted to your Lordship’s great Wisdom.Is. Newton. Mint-Office, 3rd March, 1711-12.
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