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[Page 8]

increasd the value of Gold in the French Coin for that assured  purpose

The wise & deeply judicious measure of Paying for the manufacture of the Coin out of the Public Stock, was in fact a Silent Trade Plan of of increasing the Price of Bullion to the merchant by a Silent & secret mode which would not raise the Jealousy of our neighbours or Promote [?] Competition before that time the merchant who brought bullion to the mint Receivd back Cash equal to its value minus the expence of fabrication afterwards he receivd back his Bullion minus nothing of course a at a higher Price than before & the mint was immediately well supplied

The measure next resorted to must be a delicate & very able one if we mean to succeed if we Raise the Price of our Gold Coin in any ostensible manner other nations will immediately Come into Competition if we do not we shall find it impossible to procure Bullion.  in Silver we may & ought to Circulate Tokens but in Gold we must give the full nominal value of Pure metal

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