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[Page 6]
I am not however so timourous nervous on the subject as your Lordship seems to be but it is however clear to me that if the Angel Gabriel were to undertake the business in our Commee, the illiberal & indecent mode of opposition to it adopted by the Treasury in the Case of Lord Liverpool would Completely effectualy have prevent this success
The Treasury in Fact listen to the interested arguments of the moneyers Corporation of the moneyers whose interest appears at the first view hostile to the adoption of the new modes of manufacture proposd & whose influence must of Course be superseded before any good Can be done at the mint.
in Truth it is innovation alone which they fear & they dread it as a Child dreads a Phantom, the System of Coinage which will in due time be adopted because it is the most reasonable one, will also be far much more profitable to them than, their present currency & disgracefull mode of manufactury
To do justice to the Public Countrey it is necessary that Coin be manufactured as cheaply as Possible, if this is done, the Public will fear the expence of mintage without a Complaint, of Course the work of the mint will go on in an Eternal Circle of bringing back to the Mint the Process all Coins that have been diminishd by wear or damagd by fraud & thus the Corporation of Moneyers who are now permanently unemployd for years together will be kept constantly at work without putting government to the Smallest expence
Under the Present Circumstances of which as ourselves & our neighbours at Present stand are however I have no doubt of the Prudence of our taking shelter in this & in all other matters of Coinage referred to us under the Silver Coinage Act, which is a measure of