Summary history of Jones's proposals and Newton's response to them

Author: Isaac Newton

Source: MINT 19/2/451, National Archives, Kew, Richmond, Surrey, UK

Additional Information
- Notes on the Electronic Edition
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- Revision History
  - 1 January 2001
    - Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young
  - 29 September 2011
    - Catalogue exported to teiHeader by Michael Hawkins
  - 15 May 2017
    - Transcribed by Will Scott
- Download MINT00661.xml and schema (advanced users only)

<451r>

To the R^t Hon^ble the Lord^s Comm^rs of his Ma^tys Treary.

May it please yo^r Lord^ps

One M^r Iones last Spring gave in a Proposal at y^e door of the \Honble/ House of Commons to coyne copper money of the {illeg}|f|inest copper cutting a pound weight into 24 pence & giving 6^d to thereof to y^e publick, & offering 2^d two pence half penny to the Officers of the Mint to coyn the same, or else to \that he would/ coine the same himlf {sic} in the Irish if he might have the use of the Irish Mint & \of/ the coining tools used in the last coinage of {irish} money. |{illeg}|bel|onging to y^e King that is, that is \if I understand his Proposal/ that he would coyn\find the/ copper {make} the same\make the\it into/ blanks/ at 16|5|^d $\frac{1}{2}$ per Lw^t & coyn the {illeg}|sa|me at 2 $\frac{1}{2}$ ^d more.|

|And| A|a|fter {illeg}|a|n Account of \all/ the Proposals w^ch had been made for coyning of Copper money {illeg}|&| of what had been done thereupon had been delivered into y^e House of Commons, they were pleased to add{illeg}|r|ess the King that when his Ma^ty shall think it necessary that more farthing{d}|s| & half pence should be coyned, they be made of the finest British copper & as neare the intrinsic value as is possible, & that if any advantage is made thereby, it may be applied to the service of the publick.

T|B|y this vote the pound weight being reduced f

By this vote the tax of six pence upon the pound weight is rejected\re{illeg}|ect|ed/ & the pound weight according\in/ to\{sin}/ |in| y^e proposal of M^r Iones \the pound w^t/ is to be cut into 18^d.

If any Proposer or number of Pro V{illeg}|n|dertaker\Vndertaker person or persons/ will {illeg}|m|ake the blanks of the finest \British/ copper (such as under the hammer when made hot will hammer thin without cracking) \&/ cutting a pound weight into eighteen pence without cracking\or within the Remedy of a penny more {unlesss} & pay the remedy to the King &/ & pay the pence half penny \per Lw^t/to the Master & worker of the Mint for coyning the same balnks: \& {well} keeping an account of the Remedy/ & give out to the Government the surplus above 18^d per Lw^t of any such surplus there is; it may be done & whenever the people be\& {sic} take back such parcells of copper uncoyned as do not endure the assay or are not within the Remedy/ & so soon as the people are satisfied, \will/ upon notice from the L^d H. Trearer or L^ds Comm^rs of the Treary suspend^[1] the coynage for three\two/ or four\thre {sic}/ years; such an undertaking may be performed\or untill more copper money be C{illeg}|{urren}|ting desired/ I am ready to do my part in such an undertaking provided it be in my power to refuse such copper as is cut into more then doth not ^[2] ensure the assay\dithh not endure the Assay/ or is cut into more then 19^d per Lw^t or above or is not within the Remedy. {sic} w^thout expecting above 2 $\frac{1}{2}$ ^d per lw^t for the coynage & for taking care of the assays & payi keeping the Remedy ^[3] for the King.

^[1] Is. Newton.

^[2] Is Newton

^[3] Is. Newton.