Object. II.
These Ends may as well be pursued by transferable Notes or Bills with Interest.
I answer that they cannot in the least, because here is 4 l. in 5 l. better secur’d than any Notes in the World can pretend to: for every Man hath so much of his Money in his Pocket; and that, for which the Security is given, is divisible into the 5th. part of a Six-pence, which transferable Bills cannot be.
Object. III.
That if this Method will hold, the intrinsick Value of Money may be but half as little as I propose, and the Subject will be always in fear of farther Alterations.
Answ. This I confess would be a very material Objection against Mr. Lound’s Method, but hath no force in ours, because the Government saves nothing by lessening the intrinsick Value; for what it saves at present, it must pay Interest for, and Principal too at the long run; besides, the Government aims at nothing but to rectifie the Coin, and keep it from being imbezil’d.
Object. IV.
The Money of England will be too much for 300 Men to receive in one Day.
Answ. It is but 10000 l. a Man one with another; i. e. but 100 hundred Pound-bags, which may very well be weighed and seal’d up, and entered in a Book in 5 hours time; viz. 20 in an hour; and as for the great Banks and Cashes of England, such as the Royal Bank, East-India Company, and the like, they need not remove their Money at all; but Commissioners may be sworn and sent to their respective Treasuries, taking sufficient Security of the said Treasurers and Cashiers, that none of the said Money shall be remov’d or touch’d in 24 hours.