Chapter 18 - Page 2

And yet this was constantly practised at that time over the whole nation, and by some of the honestest tradesmen among us, if not by all of them.

When the old money was, as I have said, called in, this cheating trade was put to an end, and the morals of the nation in some measure restored--for, in short, before that, it was almost impossible for a tradesman to be an honest man; but now we begin to fall into it again, and we see the current coin of the kingdom strangely crowded with counterfeit money again, both gold and silver; and especially we have found a great deal of counterfeit foreign money, as particularly Portugal and Spanish gold, such as moydores and Spanish pistoles, which, when we have the misfortune to be put upon with them, the fraud runs high, and dips deep into our pockets, the first being twenty-seven shillings, and the latter seventeen shillings. It is true, the latter being payable only by weight, we are not often troubled with them; but the former going all by tale, great quantities of them have been put off among us. I find, also, there is a great increase of late of counterfeit money of our own coin, especially of shillings, and the quantity increasing, so that, in a few years more, if the wicked artists are not detected, the grievance may be in proportion as great as it was formerly, and perhaps harder to be redressed, because the coin is not likely to be any more called in, as the old smooth money was.

What, then, must be done? And how must we prevent the mischief to conscience and principle which lay so heavy upon the whole nation before? The question is short, and the answer would be as short, and to the purpose, if people would but submit to the little loss that would fall upon them at first, by which they would lessen the weight of it as they go on, as it would never increase to such a formidable height as it was at before, nor would it fall so much upon the poor as it did then.

First, I must lay it down as a stated rule or maxim, in the moral part of the question--that to put off counterfeit base money for good money, knowing it to be counterfeit, is dishonest and knavish.

Nor will it take off from the crime of it, or lessen the dishonesty, to say, 'I took it for good and current money, and it goes as it comes;' for, as before, my having been cheated does not authorise me to cheat any other person, so neither was it a just or honest thing in that person who put the bad money upon me, if they knew it to be bad; and if it were not honest in them, how can it be so in me? If, then, it came by knavery, it should not go by knavery--that would be, indeed, to say, it goes as it comes, in a literal sense; that is to say, it came by injustice, and I shall make it go so: but that will not do in matters of right and wrong.

The laws of our country, also, are directly against the practice; the law condemns the coin as illegal--that is to say, it is not current money,