SONS AND LOVERS

第4章

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第4章

SONS AND LOVERS John Locke

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SONS AND LOVERS
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  3。Thepiecesnotbeingsoround,even,andfairlyStamp’d,norMark’dontheEdges,areexpos’dtoClipping,whichmill’dMoneyisnot。

  Mill’dMoneyisthereforecertainlybestforthePublique。

  ButwhateverbethecauseofmeltingdownourMill’d-money,IdonotseehowraisingourMoney(astheycallit)willatallhinderitsbeingmelteddown。ForifourCrown-piecesshouldbeCoin’dOnetwentieth,lighter。Whyshouldthathinderthemfrombeingmelteddownmorethannow?TheintrinsiquevalueoftheSilverisnotalter’d,aswehaveshewnalready:Thereforethattemptationtomeltthemdownremainsthesameasbefore。

  ButtheyarelighterbyOnetwentieth。Thatcannothinderthemfrombeingmelteddown。ForHalfCrownsarelighterbyhalf,andyetthatpreservesthemnot。

  Buttheyareoflessweight,wnderthesamedenomination,andthereforetheywillnotbemelteddown。Thatistrue,ifanyofthesepresentCrownsthatareOnetwentiethheavier,arecurrentforCrownsatthesametime。ForthentheywillnomoremeltdownthenewlightCrowns,thantheywilltheoldClip’dones,whicharemoreworthinCoin,andTale,thaninWeightandBullion。Butitcannotbesuppos’dthatMenwillpartwiththeiroldandheavierMoney,atthesameRatethatthelighternewCoingoesat;andpavawaytheiroldCrownsfor5s。inTale,whenattheMinttheywillyieldthem5s。3d。AndthenifanoldMill’dCrowngoesfor5s。3d。andanewMill’dCrown(beingsomuchlighter)goforaCrown,WhatIpraywillbetheoddsofmeltingdowntheoneortheother?TheonehasOnetwentiethlessSilverinit,andgoesforOnetwentiethless;andsobeingweight,theyaremelteddownuponequalterms。Ifitbeaconveniencetomeltone,itwill,beasmuchaconveniencetomelttheother:Justasitisthesameconvenience,tomeltMill’dHalfCrownsasMill’dCrowns;theonehavingwithhalfthequantityofSilver,halfthevalue。WhentheMoneyisallbroughttothenewrate,i。e。tobeOnetwentiethlighter,andCommoditiesraisedastheywillbeproportionably,WhatshallhinderthemeltingdownofyourMoneythen,morethannow,Iwouldfainknow?IfitbeCoin’dthenasitisnowGratis,aCrown-piece,(letitbeofwhatweightsoever)willbeasitisnow,justworthitsownweightinBullion,ofthesamefineness。FortheCoinage,whichisthemanufacturyaboutit,andmakesallthedifference,costingnothing,whatcanmakethedifferenceofvalue?Andtherefore,whoeverwantsBullion,willascheaplymeltdownthesenewCrowns,asbuyBullionwiththem。TheraisingofyourMoneycannotthen(theActforfreeCoinagestanding)hinderitsbeingmelteddown。

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