portion, by lessening the charge of coinage from 30 per cent to 10 or 15, or 20 at most. But I confess myself in the dark on that article: only I think it impossible it should amount to any proportion near 30 per cent; otherwise the coiners of those counterfeit halfpence called raps would have little encouragement to follow their trade.
But the indubitable advantages, by having the management in such a society, would be the paying 8 per cent instead of 16, the being sure of the goodness and just weight of the coin, and the period to be put to any farther coinage than what was absolutely necessary to supply the wants and desires of the kingdom: and all this under the security of ten gentlemen of credit and fortune, who would be ready to give the best security and satisfaction, that they had no design to turn the scheme into a job.
As to any mistakes I have made in computation, they are of little moment; and I shall not descend so low as to justify them against any caviller.
The strongest objections against what I offer, and which perhaps may make it appear visionary, is the difficulty to find half a score gentlemen, who, out of a publick spirit, will be at the trouble, for no more profit than one per cent above the legal interest, to be overseers of a mint for five years; and perhaps, without any justice, raise the clamour of the people against them. Besides, it is most certain that many a squire is as fond of a job, and as dextrous to make the best of it, as Mr. McCulla himself, or any of his level. However, I do not doubt but there may be ten such persons in this town, if they had only some visible mark to know them at sight. Yet I just foresee another inconveniency; that knavish men are
