Diary of Samuel Pepys — Volume 40: November/December 1665 by Samuel Pepys
page 37 of 53 (69%)
page 37 of 53 (69%)
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that the tools and the interest of the money-using to the King for the
money he borrowed while the new invention of the mill money was perfected, cost him L35,000, and in mirthe tells me that the new fashion money is good for nothing but to help the Prince if he can secretly get copper plates shut up in silver it shall never be discovered, at least not in his age. Thence Cocke and I by water, he home and I home, and there sat with Mr. Hill and my wife supping, talking and singing till midnight, and then to bed. [That I may remember it the more particularly, I thought fit to insert this additional memorandum of Temple's discourse this night with me, which I took in writing from his mouth. Before the Harp and Crosse money was cried down, he and his fellow goldsmiths did make some particular trials what proportion that money bore to the old King's money, and they found that generally it come to, one with another, about L25 in every L100. Of this money there was, upon the calling of it in, L650,000 at least brought into the Tower; and from thence he computes that the whole money of England must be full L6,250,000. But for all this believes that there is above L30,000,000; he supposing that about the King's coming in (when he begun to observe the quantity of the new money) people begun to be fearfull of this money's being cried down, and so picked it out and set it a-going as fast as they could, to be rid of it; and he thinks L30,000,000 the rather, because if there were but L16,250,000 the King having L2,000,000 every year, would have the whole money of the kingdom in his hands in eight years. He tells me about L350,000 sterling was coined out of the French money, the proceeds of Dunkirke; so that, with what was coined of the Crosse money, there is new coined about L1,000,000 besides the gold, which is guessed at L500,000. He tells me, that, though the King did deposit the French money in pawn all the while for the L350,000 he was forced to borrow thereupon till the tools could be made for the new Minting in the present form, yet the interest he paid for that time came to L35,000, Viner having to his knowledge L10,000 for the use of L100,000 |
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