silver, but intends to buy up our goods and manufactures with the same coin.
I shall not enter into examination of the prices for which he now proposes to sell his halfpence, or what he calls his copper by the pound; I have said enough of it in my former letter, and it has likewise been considered by others. It is certain that by his own first computation, we were to pay three shillings for what was intrinsically worth but one, although it had been of the true weight and standard for which he pretended to have contracted; but there is so great a difference both in weight and badness in several of his coins, that some of them have been nine in ten below the intrinsick value, and most of them six or seven.
His last proposal being of a peculiar strain and nature, deserves to be very particularly considered, both on account of the matter and the style. It is as follows:
Lastly, In consideration of the direful apprehensions which prevail in Ireland, that Mr. Wood will, by such coinage, drain them of their gold and silver; he proposes to take their manufactures in exchange, and that no person be obliged to receive more than five pence halfpenny at one payment.
First observe this little impudent hardwareman turning into ridicule the direful apprehensions of a whole kingdom, priding himself as the cause of them, and daring to prescribe (what no king of England ever attempted) how far a whole nation shall be obliged to take his brass coin. And he has reason to insult: for sure there was never an example in history of a great kingdom kept in awe for above a year, in daily dread of utter destruction, not by a powerful in-
