THE DRAPIER’S LETTERS.
There was a lack of copper coin in Ireland, which hampered the small transactions of the poor, and rendered the payment of weekly or daily wages a matter of difficulty. This want was reported to the English Cabinet; it was taken up, not as a grievance to be met with redress, but as a new opportunity for a job. A patent to make a copper coinage was granted to William Wood, a gentleman whose antecedents were not creditable. According to the habits of the day, the patent had to pass through various officials, each of whom had doubtless to be paid: a sort of black-mail on the transaction. The amount of the coinage had to be large to enable Wood to recoup himself and make his own profit. It was fixed at 108,000l., a sum vastly in excess of its need. The greatest share of the plunder was to fall to the king’s mistress. The Duchess of Kendal was to receive 10,000l. from Wood, to whom she farmed the patent. It was from the bottom to the top a scandalous job, and to add to its depravity, it was passed without consulting the responsible governors of the country. It was only when all efforts to defeat its passage were concluded, that Swift stepped in. The indignation of the country had risen to boiling-point; he gave it a voice. In describing the patent, Swift exaggerated its consequences. It is absurd to suppose that what he said of it was absolutely true, or that Swift thought it to be true. His object was to put a scandalous transaction in the grossest aspect possible. Swift adopted the ordinary recognized methods of political controversy. Apart from exaggeration, there was enough of injustice in the matter to justify any language which would tend to remove it.
LETTER I.
To the Tradesmen, Shopkeepers, Farmers, and Country-people in general, of the Kingdom of Ireland,
Concerning the brass halfpence coined by one William Wood, Hardwareman, with a design to have them pass in this kingdom!
Wherein is shewn the power of his Patent, the value of his Halfpence, and how far every person may be obliged to take the same in payments, and how to behave himself, in case such an attempt should be made by Wood, or any other person.
(VERY PROPER TO BE KEPT IN EVERY FAMILY.)
By M. B., Drapier, 1724.