Holograph draft of MINT00623 (Mint 19/2/308)

<453r>

The last winter Autumn I laid before yo^r Lord^p a Memorial wherein to the best of my memory wherein I represented that if Copper worth 10|11|$\frac{1}{2}$ per lw^t could be wrought into money by casting, the Copper & Coinage the w^thout edging the money would amount unto 17$\frac{1}{2}$ per lw^t, & allowing 2$\frac{1}{2}$^d more for the charge of putting off, buying \& setting/ up coyning tools, repaing {sic} the buildings, building furnaces, paying Clerks{.} & a Comptroller, & other incidents, the w{o}|h|ole would amount unto 20^d p^r lw^t. And after so much was coyned as was sufficient to supply the defect of what {illeg}|m|oney was wanting \at present/, the surplus o w^ch I recconed might be about 100 Tunns, the surplus above all charges {illeg}|if| there were any, might be paid into y^e Excheque{illeg}|r|. \And in the next coynage after a copper Mint was set up the money might be made heavier./ But by further experience it appeared afterwards that such Copper could not be wrought by casting, but must be cut wrought into barrs at the battering Mills.

I now beg leave to represent to yo^r Lord^p that \in my humble opinion/ the best method of coyning such barrs into money, is to receive the same by weight \{illeg}|&| assay/ giving bills to the Importer|s| & taking back the bills upon delivering the same weight of copper in scissel & money together the Importers paying \for the coynage of the money {illeg}|by| the pound weight/ a certain se{illeg}|i|gniorage by y^e pound weight for the coynage \of the money to be accounted for by the M^r & Worker/. The the Moneyers demand 2$\frac{1}{2}$^d p^r lw^t {illeg} for their work & {illeg} without edging the moneys, & it will cost $\frac{1}{2}$^d per lw^t to the Graver & Smith & a Clerk, in all 3^d per lw^t by|e|sides the allowance to y^e Master or his Deputy & such other Officers as shall be appoined & besides the repairs of the buildings & charge of the coyning tools.\to be accounted for {illeg}|by| the Master & Worker./ And That the {illeg}|I|mporters will expect \about/ 17^d p^r lw^t fo above the seigniorage {above} for their copper \&/ workmanship & {the} putting off the copper money. And that the Moneyers insist upon 2$\frac{1}{2}$^d for their work & it will cost $\frac{1}{2}$ per lw^t to the Graver & {illeg}|S|mith & a Clerk, in all 3^d per lw^t \to be paid out of the Seigniorage/ besides the allowance to y^e Master or his Deputy & such other Officers as shall be appointed & besides the repairs of the buildings & charge of the coining too{illeg}|l|s.

All w^ch &c

<453v>

I had almost forgot to observe that M^r Leibnitz himself \either wrote /or\/ set on foot the writing of the papers I have hitherto been answering. He \He pretendin|ed|g that he {illeg}|Ha|d not having seen the Commerc. {illeg}/ \not|r| being \was/ at leasure {sic} himself or is pretended {illeg}b{illeg}t|o| examin y^e matter/ desired the a great Mathematician to examin the matter/do it & sent\ of the Commerium Epistolicum & received\& sent his {illeg}/ his answer dated |7 Iune 16|7|13| & sent it to his corresp{illeg}|o|ndent to be published in Germany & his correspondent published it with many reflexions{illeg}|,| but w^thout any proof. {He} {illeg}He preten And the same or another of his correspondents wrote the who wrote th And in the Remarks its pretended that that the {illeg}|Soc|iety had {woh} M^r Leibnitz ha{illeg}|d| not yet sent his complaint th{illeg} (that is, the reasons of it) to y^e Society |[|so that the Society has not bee {sic} able to at all to examin the arguments on both sides & to p] not doubting but the Society & M^r Newton himself would entirely disapprove such a proceeding{s}: So that the Society has not been able at all to examin the arguments on both sides & to pronounce a definitive sentence.

10^s in 12 year 2^gr 40^s in 192 years. Ab Happarch{illeg}|o| ad Ptolomeum 265 an Interest answerable to 73|2| an = 1^gr.

I had almost forgot to observe that M^r Leibnitz himself