NOTE.

Writing to Sheridan, under date April 24th, 1736, in a letter written partly by herself and partly by Swift, Mrs. Whiteway, Swift's housekeeper, refers to the occasion of this speech in the following words:

"The Drapier went this day to the Tholsel[195] as a merchant, to sign a petition to the government against lowering the gold, where we hear he made a long speech, for which he will be reckoned a Jacobite. God send hanging does not go round." (Scott's edition, vol. xviii., p. 470. 1824.)

The occasion for this agitation against the lowering of the gold arose thus. Archbishop Boulter had, for a long time, been much concerned about the want of small silver in Ireland. The subject seemed to weigh on him greatly, since he refers to it again and again in his correspondence with Carteret, Newcastle, Dorset, and Walpole. On May 25th, 1736, he wrote to Walpole to inform him that the Lord Lieutenant had taken with him to England "an application from the government for lowering the gold made current here, by proclamation, and raising the foreign silver." Silver, being scarce, bankers and tradesmen were accustomed to charge a premium for the changing of gold, as much as sixpence and sevenpence in the pound sterling being obtained. (See Boulter's "Letters," vol. ii., p. 122. Dublin, 1770.)

There was no question about the benefit of Boulter's scheme in the minds of the two Houses of Commons and Lords: Swift, however, opposed it vehemently, because he thought the advantage to be obtained by this lowering of the gold would accrue to the absentees. In 1687 James had issued a proclamation by which an English shilling was made the equivalent of thirteen pence in Ireland, and an English guinea to twenty-four shillings. Primate Boulter's object (gained by the proclamation of the order on September 29th, 1737) was to reduce the value of the guinea from twenty-three shillings (at which it then stood) to £1 2s. 9d. Swift, thinks Monck Mason, considered the absentees would benefit by this "from the circumstances of the reserved rents, being expressed in the imaginary coin, called a pound, but actually paid in guineas, when the value of guineas was lowered, it required a proportionately greater number to make up a specific sum" ("History of St. Patrick's," p. 401, note c.)

Swift, as he wrote to Sheridan, "battled in vain with the duke and his clan." He thought it "just a kind of settlement upon England of £25,000 a year for ever; yet some of my friends," he goes on to say, "differ from me, though all agree that the absentees will be just so much gainers." (Letter of date May 22nd, 1737.)

In a note to Boulter's letter to the Duke of Newcastle (September 29th, 1737) the editor of those letters (Ambrose Phillips) remarks: "Such a spirit of opposition had been raised on this occasion by Dean Swift and the bankers, that it was thought proper to lodge at the Primate's house, an extraordinary guard of soldiers." This, probably, was after the open exchange of words between Boulter and Swift. The Primate had accused Swift of inflaming the minds of the people, and hinted broadly that he might incur the displeasure of the government. "I inflame them!" retorted Swift, "had I but lifted my finger, they would have torn you to pieces." The day of the proclaiming of the order for the lowering of the gold was marked by Swift with the display of a black flag from the steeple of St. Patrick's, and the tolling of muffled bells, a piece of conduct which Boulter called an insult to the government.

It is à propos to record here the revenge Swift took on Boulter for the accusation of inflaming the people. The incident was put by him into the following verse:

"At Dublin's high feast sat primate and dean,
Both dressed like divines, with hand and face clean:
Quoth Hugh of Armagh, 'the mob is grown bold.'
'Ay, ay,' quoth the Dean, 'the cause is old gold.'
'No, no,' quoth the primate, 'if causes we sift,
The mischief arises from witty Dean Swift.'
The smart one replies, 'There's no wit in the case;
And nothing of that ever troubled your grace.
Though with your state sieve your own motions you s—t,
A Boulter by name is no bolter of wit.
It's matter of weight, and a mere money job;
But the lower the coin, the higher the mob.
Go to tell your friend Bob and the other great folk,
That sinking the coin is a dangerous joke.
The Irish dear joys have enough common sense,
To treat gold reduced like Wood's copper pence.
It's pity a prelate should die without law;
But if I say the word—take care of Armagh!"

With the lowering of the gold the Primate imported £2,000 worth of copper money for Irish consumption. Swift was most indignant at this, and his protest, printed by Faulkner, brought that publisher before the Council, and gave Swift a fit of "nerves." (MS. Letter, March 31st, 1737, to Lord Orrery, quoted by Craik in Swift's "Life," vol. ii., p. 160.) Swift's objection against the copper was due to the fact that it was not minted in Ireland. "I quarrel not with the coin, but with the indignity of its not being coined here." (Same MS. Letter.)

Among the pamphlets in the Halliday collection in the Royal Irish Academy, Dublin, is a tract with the following title:

"Reasons why we should not lower the Coins now Current in this Kingdom ... Dublin: Printed and Sold by E. Waters in Dame-street."

At the end of this tract is printed Swift's speech to "an Assembly of above one Hundred and fifty eminent persons who met at the Guild Hall, on Saturday the 24th April, 1736, in order to draw up their Petition, and present it to his grace the Lord Lieutenant against lowering said Coin." It is from this tract that the present text has been taken. The editor is obliged to Sir Henry Craik's "Life of Swift" for drawing attention to this hitherto uncollected piece.

[T. S.]

SPEECH DELIVERED ON THE LOWERING OF
THE COIN.

I beg you will consider and very well weigh in your hearts, what I am going to say and what I have often said before. There are several bodies of men, among whom the power of this kingdom is divided—1st, The Lord-Lieutenant, Lords Justices and Council; next to these, my Lords the Bishops; there is likewise my Lord Chancellor, and my Lords the Judges of the land—with other eminent persons in the land, who have employments and great salaries annexed. To these must be added the Commissioners of the Revenue, with all their under officers: and lastly, their honours of the Army, of all degrees.

Now, Gentlemen, I beg you again to consider that none of these persons above named, can ever suffer the loss of one farthing by all the miseries under which the kingdom groans at present. For, first, until the kingdom be entirely ruined, the Lord-Lieutenant and Lords Justices must have their salaries. My Lords the Bishops, whose lands are set at a fourth part value, will be sure of their rents and their fines. My Lords the Judges and those of other employments in the country must likewise have their salaries. The gentlemen of the revenue will pay themselves, and as to the officers of the army, the consequence of not paying them is obvious enough. Nay, so far will those persons I have already mentioned be from suffering, that, on the contrary, their revenues being no way lessened by the fall of money, and the price of all commodities considerably sunk thereby, they must be great gainers. Therefore, Gentlemen, I do entreat you that as long as you live, you will look on all persons who are for lowering the gold, or any other coin, as no friends to this poor kingdom, but such, who find their private account in what will be detrimental to Ireland. And as the absentees are, in the strongest view, our greatest enemies, first by consuming above one-half of the rents of this nation abroad, and secondly by turning the weight, by their absence, so much on the Popish side, by weakening the Protestant interest, can there be a greater folly than to pave a bridge of gold at your own expense, to support them in their luxury and vanity abroad, while hundreds of thousands are starving at home for want of employment.