the commonwealth than it is now taken for; for it might well maintain in England three of our decayed towns or cities, besides the setting on work of three hundred ships daily more than it doth, and the mariners thereof.
'But in the mean time, and out of hand, for God's sake, sir, set forward some remedy for the other matter, that we the merchants carry not away all our rich money, and leave the base money here still. Once the excess of the private gain in coining to other men—supposed as to the King—may be taken away, and also our base coin of white money called down to fifteen shillings in the pound though it be not enough, yet will it do great service for the time, and keep many things at a stay which else will come to misery. And although this takes no place, for divers respects known to the rulers and not to me, yet I say there is many more reasons herein to be made which I omit. Sir, I most heartily desire you not to be offended with me for writing this my poor and simple judgment in matters of weight appertaining to councillors or other wise men; for God I take to record, my heart bleedeth in my body to see and perceive the things that be out of frame, and the misery coming towards us, if it be not prevented.'
Free English thought would reform in time the economy of the State, as well as the religion of it; but Governments are deaf to remedies of slow growth. Cecil preserved the letter among his papers—perhaps he submitted it to his chiefs, but to no present purpose.
The immediate scheme of the Master of the Mint came to nothing. His purchase of bullion in Flanders
