country. The shopkeepers in this and every other town, must break and starve: For it is the landed man that maintains the merchant, and shopkeeper, and handicraftsman.

[Footnote 23: "Unlike the peasant proprietor," says Lecky, "and also unlike the mediaeval serf, the cottier had no permanent interest in the soil, and no security for his future position. Unlike the English farmer, he was no capitalist, who selects land as one of the many forms of profitable investment that are open to him. He was a man destitute of all knowledge and of all capital, who found the land the only thing that remained between himself and starvation. Rents in the lower grades of tenancies were regulated by competition, but it was competition between a half-starving population, who had no other resources except the soil, and were therefore prepared to promise anything rather than be deprived of it. The landlord did nothing for them. They built their own mud hovels, planted their hedges, dug their ditches. They were half naked, half starved, utterly destitute of all providence and of all education, liable at any time to be turned adrift from their holdings, ground to the dust by three great burdens—rack-rents, paid not to the landlord but to the middleman; tithes, paid to the clergy—often the absentee clergy—of the church to which they did not belong; and dues, paid to their own priests" ("Hist, of Ireland," vol. i., pp. 214-215, ed. 1892). [T.S.]]

But when the 'squire turns farmer and merchant himself, all the good money he gets from abroad, he will hoard up or send for England, and keep some poor tailor or weaver and the like in his own house, who will be glad to get bread at any rate.

I should never have done if I were to tell you all the miseries that we shall undergo if we be so foolish and wicked as to take this CURSED COIN. It would be very hard if all Ireland should be put into one scale, and this sorry fellow Wood into the other, that Mr. Wood should weigh down this whole kingdom, by which England gets above a million of good money every year clear into their pockets, and that is more than the English do by all the world besides.

But your great comfort is, that as His Majesty's patent does not oblige you to take this money, so the laws have not given the crown a power of forcing the subjects to take what money the King pleases: For then by the same reason we might be bound to take pebble-stones or cockle-shells or stamped leather for current coin, if ever we should happen to live under an ill prince, who might likewise by the same power make a guinea pass for ten pounds, a shilling for twenty shillings, and so on, by which he would in a short time get all the silver and gold of the kingdom into his own hands, and leave us nothing but brass or leather or what he pleased. Neither is anything reckoned more cruel or oppressive in the French government than their common practice of calling in all their money after they have sunk it very low, and then coining it anew at a much higher value, which however is not the thousandth part so wicked as this abominable project of Mr. Wood. For the French give their subjects silver for silver and gold for gold, but this fellow will not so much as give us good brass or copper for our gold and silver, nor even a twelfth part of their worth.

Having said thus much, I will now go on to tell you the judgments of some great lawyers in this matter, whom I fee'd on purpose for your sakes, and got their opinions under their hands, that I might be sure I went upon good grounds.

A famous law-book, called "The Mirror of Justice,"[24] discoursing of the articles (or laws) ordained by our ancient kings declares the law to be as follows: "It was ordained that no king of this realm should change, impair or amend the money or make any other money than of gold or silver without the assent of all the counties," that is, as my Lord Coke says,[25] without the assent of Parliament.

[Footnote 24: This was an important legal treatise often quoted by Coke. Its full title is: "The Booke called, The Mirrour of Justices: Made by Andrew Home. With the book, called, The Diversity of Courts, And Their Jurisdictions … London … 1646." The French edition was printed in 1642 with the title, "La somme appelle Mirroir des Justices: vel speculum Justiciariorum, Factum per Andream Home." Coke quotes it from a manuscript, as he died before it was printed. [T.S.]]

[Footnote 25: 2 Inst. 576. [ORIG. ED.]]

This book is very ancient, and of great authority for the time in which it was wrote, and with that character is often quoted by that great lawyer my Lord Coke.[26] By the law of England, the several metals are divided into lawful or true metal and unlawful or false metal, the former comprehends silver or gold; the latter all baser metals: That the former is only to pass in payments appears by an act of Parliament[27] made the twentieth year of Edward the First, called the "Statute concerning the Passing of Pence," which I give you here as I got it translated into English, for some of our laws at that time, were, as I am told writ in Latin: "Whoever in buying or selling presumeth to refuse an halfpenny or farthing of lawful money, bearing the stamp which it ought to have, let him be seized on as a contemner of the King's majesty, and cast into prison."

[Footnote 26: 2 Inst. 576-577. [ORIG. ED.]]

[Footnote 27: 2 Inst. 577. [ORIG. ED.]]

By this statute, no person is to be reckoned a contemner of the King's majesty, and for that crime to be committed to prison; but he who refuses to accept the King's coin made of lawful metal, by which, as I observed before, silver and gold only are intended.

That this is the true construction of the act, appears not only from the plain meaning of the words, but from my Lord Coke's observation upon it. "By this act" (says he) "it appears, that no subject can be forced to take in buying or selling or other payments, any money made but of lawful metal; that is, of silver or gold."[28]

[Footnote 28: 2 Inst. 577. [ORIG. ED.]]

The law of England gives the King all mines of gold and silver, but not the mines of other metals, the reason of which prerogative or power, as it is given by my Lord Coke[29] is, because money can be made of gold and silver, but not of other metals.

[Footnote 29: 2 Inst. 577. [ORIG. ED.]]

Pursuant to this opinion halfpence and farthings were anciently made of silver, which is most evident from the act of Parliament of Henry the 4th. chap. 4.[30] by which it is enacted as follows: "Item, for the great scarcity that is at present within the realm of England of halfpence and farthings of silver, it is ordained and established that the third part of all the money of silver plate which shall be brought to the bullion, shall be made in halfpence and farthings." This shews that by the word "halfpenny" and "farthing" of lawful money in that statute concerning the passing of pence, are meant a small coin in halfpence and farthings of silver.

[Footnote 30: Swift makes an incorrect reference here. The act was 4
Henry IV., cap. 10. [T.S.]]

This is further manifest from the statute of the ninth year of Edward the 3d. chap. 3. which enacts, "That no sterling halfpenny or farthing be molten for to make vessel, nor any other thing by the goldsmiths, nor others, upon forfeiture of the money so molten" (or melted).

By another act in this King's reign[31] black money was not to be current in England, and by an act made in the eleventh year of his reign chap. 5. galley halfpence were not to pass, what kind of coin these were I do not know, but I presume they were made of base metal, and that these acts were no new laws, but farther declarations of the old laws relating to the coin.