why men pay taxes for it,
how it came at first to be ap-
Landholders, want of trade a great loss to them, 25, 54, 56
Laws (human) must not be con- trary to the law of nature or Scripture, 419, note Legislative power, how it is bound- ed, 423 Liberty, how men are by nature in the state of it, 339 wherein it consists, 351 restraint by the law of na- ture consistent with it, 341 how far it is given up, by becoming members of a com- monwealth, 396, &c. Lineal succession, not restored in the kings of Israel, 337 none observed among the rulers of Israel till David's time, 334 Lowndes (Mr.) propounded to have our money reduced to one-fifth less value, 153
his reasons for lessening the value of money, answered, ibid.
Monarchy, how government, at first, generally came to be so, 400. Vid. Absolute Monarchy.
how the value of it may be 82-86 said to be raised,
it cannot be really raised, unless in proportion to its plenty
raising in denomination, tends to impoverish a nation, 86
is valued according to the quantity of silver contained in it, 89.-How it comes to be otherwise when clipped, 94
the advantage of it in com- merce above uncoined silver, 88 the cause of melting it down, 90
it is better for the public to be milled than hammered, 91 raising the denomination will not hinder the exportation of it, 91, 93 the value of it should be kept as steady as possible, 103 the proportion should always be exactly kept between that of gold and silver, 97,99 constant equality of its value, the interest of every country, ib.
making it lighter than it should be is unjust, 109, &c. -lowering it, no advantage in selling and letting of land, 112,
&c. why so little is sometimes coined, 119
Money, it is really valuable ac- cording to its weight, 139.- This must be understood of silver without the alloy, 140 why so much was coined in queen Elizabeth's time, and after, 130 -how it answers all things, 139 the denomination alters not the intrinsic value, ibid. lessening its real value is worse than clipping, 146
its being current only for its weight, is the most effectual way to stop the mischief of clipping, 147 - it is necessary in proportion to the plenty of it in neighbouring nations, 148 it will always be of equal value with the same weight of standard silver,
what causes the exportation 160
it ought not to be made lighter, though silver were 164 grown dearer, lessening it would be a gain to money-hoarders, but a loss to others, 166 by making it one-fifth light- er, creditors and landlords lose 20 per cent. 168 and labourers also lose by it, unless they have one-fifth more wages, 170
the change of its name will not alter its value, 177 the insignificancy of lessen- ing, explained by familiar simi- litudes, ibid. if a crown of it (e. g.) be called 75 pence, it will buy no more goods than if it be called 60 pence, 180 lowering its value will not render it more generally use- ful, ibid. it cannot be of the full price of bullion, because of exporting the latter, 184
the true raising it is by put- ting more silver in it, 185
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