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The Prose Works of Jonathan Swift, D.D. — Volume 06 - The Drapier's Letters by Jonathan Swift
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and halfpence to be of equal weight in themselves, or as near thereunto
as might be, allowing a remedy not exceeding two farthings over or under
in each pound. The same "to pass and to be received as current money, by
such as shall or will, voluntarily and willingly, and not otherwise,
receive the same, within the said kingdom of Ireland, and not
elsewhere." Wood also covenanted to pay to the King's clerk or
comptroller of the coinage, £200 yearly, and £100 per annum into his
Majesty's treasury.

Most of the accounts of this transaction and its consequent agitation
in Ireland, particularly those given by Sir W. Scott and Earl Stanhope,
are taken from Coxe's "Life of Walpole." Monck Mason, however, in his
various notes appended to his life of Swift, has once and for all placed
Coxe's narrative in its true light, and exposed the specious special
pleading on behalf of his hero, Walpole. But even Coxe cannot hide the
fact that the granting of the patent and the circumstances under which
it was granted, amounted to a disgraceful job, by which an opportunity
was seized to benefit a "noble person" in England at the expense of
Ireland. The patent was really granted to the King's mistress, the
Duchess of Kendal, who sold it to William Wood for the sum of £10,000,
and (as it was reported with, probably, much truth) for a share in the
profits of the coining. The job was alluded to by Swift when he wrote:

"When late a feminine magician,
Join'd with a brazen politician,
Expos'd, to blind a nation's eyes,
A parchment of prodigious size."

Coxe endeavors to exonerate Walpole from the disgrace attached to this
business, by expatiating on Carteret's opposition to Walpole, an
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