underhand to force his halfpence upon us, and if he can by help of his friends in England prevail so far as to get an order that the commissioners and collectors of the King's money shall receive them, and that the army is to be paid with them, then he thinks his work shall be done. And this is the difficulty you will be under in such a case. For the common soldier when he goes to the market or alehouse will offer this money, and if it be refused, perhaps he will swagger and hector, and threaten to beat the butcher or alewife, or take the goods by force, and throw them the bad halfpence. In this and the like cases, the shopkeeper or victualler, or any other tradesman has no more to do, than to demand ten times the price of his goods, if it is to be paid in Wood's money; for example, twenty-pence of that money for a quart of ale, and so in all things else, and not part with his goods till he gets the money.

For suppose you go to an alehouse with that base money, and the landlord gives you a quart for four of these halfpence, what must the victualler do? His brewer will not be paid in that coin, or if the brewer should be such a fool, the farmers will not take it from them for their bere,[19] because they are bound by their leases to pay their rents in good and lawful money of England, which this is not, nor of Ireland neither, and the 'squire their landlord will never be so bewitched to take such trash for his land, so that it must certainly stop somewhere or other, and wherever it stops it is the same thing, and we are all undone.

[Footnote 19: Bere = barley. Cf. A.S. baerlic, Icelandic, barr, meaning barley, the grain used for making malt for the preparation of beer. [T.S.]]

The common weight of these halfpence is between four and five to an ounce, suppose five, then three shillings and fourpence will weigh a pound, and consequently twenty shillings will weigh six pound butter weight. Now there are many hundred farmers who pay two hundred pound a year rent. Therefore when one of these farmers comes with his half-year's rent, which is one hundred pound, it will be at least six hundred pound weight, which is three horse load.

If a 'squire has a mind to come to town to buy clothes and wine and spices for himself and family, or perhaps to pass the winter here; he must bring with him five or six horses loaden with sacks as the farmers bring their corn; and when his lady comes in her coach to our shops, it must be followed by a car loaden with Mr. Wood's money. And I hope we shall have the grace to take it for no more than it is worth.

They say 'Squire Conolly[20] has sixteen thousand pounds a year, now if he sends for his rent to town, as it is likely he does, he must have two hundred and forty horses to bring up his half-year's rent, and two or three great cellars in his house for stowage. But what the bankers will do I cannot tell. For I am assured, that some great bankers keep by them forty thousand pounds in ready cash to answer all payments, which sum, in Mr. Wood's money, would require twelve hundred horses to carry it.

[Footnote 20: William Conolly (d. 1729) was chosen Speaker of the Irish House of Commons on November 12th, 1715. He held this office until October 12th, 1729. Swift elsewhere says that Wharton sold Conolly the office of Chief Commissioner of the Irish Revenue for £3,000. Between the years 1706 and 1729 Conolly was ten times selected for the office of a Lord Justice of Ireland. The remark in the text as to Conolly's income is repeated by Boulter ("Letters," vol. i., p. 334), though the Primate writes of £17,000 a year. The reference to Conolly is of set purpose, because Conolly had advocated the patent as against Midleton's condemnation of it. [T.S.]]

For my own part, I am already resolved what to do; I have a pretty good shop of Irish stuffs and silks, and instead of taking Mr. Wood's bad copper, I intend to truck with my neighbours the butchers, and bakers, and brewers, and the rest, goods for goods, and the little gold and silver I have, I will keep by me like my heart's blood till better times, or till I am just ready to starve, and then I will buy Mr. Wood's money as my father did the brass money in K. James's time,[21] who could buy ten pound of it with a guinea, and I hope to get as much for a pistole, and so purchase bread from those who will be such fools as to sell it me.

[Footnote 21: James II., during his unsuccessful campaign in Ireland, debased the coinage in order to make his funds meet the demands of his soldiery. Archbishop King, in his work on the "State of the Protestants in Ireland," describes the evil effects which this proceeding had: "King James's council used not to stick at the formalities of law or reason, and therefore vast quantities of brass money were coined, and made current by a proclamation, dated 18th June, 1689, under severe penalties. The metal of which this money was made was the worst kind of brass; old guns, and the refuse of metals were melted down to make it; workmen rated it at threepence or a groat a pound, which being coined into sixpences, shillings, or half-crowns, one pound weight made about £5. And by another proclamation, dated 1690, the half-crowns were called in, and being stamped anew, were made to pass for crowns; so that then, three pence or four pence worth of metal made £10. There was coined in all, from the first setting up of the mint, to the rout at the Boyne, being about twelve months, £965,375. In this coin King James paid all his appointments, and all that received the king's pay being generally papists, they forced the protestants to part with the goods out of their shops for this money, and to receive their debts in it; so that the loss by the brass money did, in a manner, entirely fall on the protestants, being defrauded (for I can call it no better) of about, £60,000 per month by this stratagem, which must, in a few months, have utterly exhausted them. When the papists had gotten most of their saleable goods from their protestant neighbours, and yet great quantities of brass money remained in their hands, they began to consider how many of them, who had estates, had engaged them to protestants by judgments, statutes staple, and mortgages; and to take this likewise from them they procured a proclamation, dated 4 Feb. 1689, to make brass money current in all payments whatsoever." A proclamation of William III., dated July 10th, 1690, ordered that these crown pieces of James should pass as of equal value with one penny each. [T.S.]]

These halfpence, if they once pass, will soon be counterfeit, because it may be cheaply done, the stuff is so base. The Dutch likewise will probably do the same thing, and send them over to us to pay for our goods.[22] And Mr. Wood will never be at rest but coin on: So that in some years we shall have at least five times fourscore and ten thousand pounds of this lumber. Now the current money of this kingdom is not reckoned to be above four hundred thousand pounds in all, and while there is a silver sixpence left these blood-suckers will never be quiet.

[Footnote 22: The Dutch had previously counterfeited the debased coinage of Ireland and sent them over in payment for Irish manufactures. [T. S.]]

When once the kingdom is reduced to such a condition, I will tell you what must be the end: The gentlemen of estates will all turn off their tenants for want of payment, because as I told you before, the tenants are obliged by their leases to pay sterling which is lawful current money of England; then they will turn their own farmers, as too many of them do already, run all into sheep where they can, keeping only such other cattle as are necessary, then they will be their own merchants and send their wool and butter and hides and linen beyond sea for ready money and wine and spices and silks. They will keep only a few miserable cottiers.[23] The farmers must rob or beg, or leave their