: The Regulating Silver Coin Made Practicable and Easie to the Government and Subject by Pratt Samuel - Coinage Great Britain Early works to 1800; Great Britain. Parliament Early works to 1800

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Writing on so curious, and intricate a Subject, I have great Reason to bespeak the Candour of the Reader.

They that know little are Jealous, and they that know much Opiniatre, and whilst one will not take Pains to comprehend a thing, another taketh too much to overthrow it.

But as I hope I shall say nothing here, to be pity'd; so I am on the other side pretty secure from Envy, because, the greatest Credit that can be gotten, by a thing of this Nature, doth already seem to be engross'd by a late learned and industrious Writer upon this Subject.

But I must do my self that little piece of Justice too, as to acknowledge the main Design of these Papers was laid before I could have a sight of that Book:

And now I am ready enough to confess my own Weakness, and Insufficiency, for so great an Undertaking; nor do I pretend to write a Stile equal to that experienc'd Minister, but am contented to be understood without shining, and to offer Mathematical Reasoning, without polishing and Ornament.

I affect Truth and Plainness, and a sincere Love to my Country.

DEFINITIONS.

TWO things are now under Consideration. 1. The Badness of our Silver Coin.

For every Man now is destitute of a sufficient Pledge and Security for his Personal Estate, unless he will take Personal Security, or find out a Mortgage, or rely upon a Bank.

Personal Security is now less than ever, the publick Banks have so drain'd or so engag'd at least the Traders in Money.

Mortgages are very hard to be found, for small Summs, and much harder for great ones, since the establishment of the new Banks.

And as for a sole reliance on the Credit of the new Banks I leave that for other Heads to discuss; I am of the Opinion it was never intended that they should be the only Security for Personal Estates, and that People should carry in their Money to 'em out of necessity, and not choice.

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