CLAMOUR IN IRELAND ON ACCOUNT OF WOOD’S COINAGE.

Great Britain at this period enjoyed profound tranquillity. Ireland was a little ruffled by an incident which seemed to have been misrepresented to the people of that kingdom. William Wood had obtained a patent for furnishing Ireland with copper currency, in which it was deficient. A great clamour was raised against this coin. The parliament of that kingdom, which met in September, resolved, that it would be prejudicial to the revenue, destructive of trade, and of dangerous consequence to the rights of the subject; that the patent had been obtained by misrepresentation; that the halfpence wanted weight; that, even if the terms of the patent had been complied with, there would have been a great loss to the nation; that granting the power of coinage to a private person had ever been highly prejudicial to the kingdom, and would at all times be of dangerous consequence. Addresses from both houses were presented to the king on this subject. The affair was referred to the lords of the privy-council of England. They justified the conduct of the patentee, upon the report of Sir Isaac Newton and other officers of the Mint, who had made an assay and trial of Wood’s halfpence, and found he had complied with the terms of the patent. They declared that this currency exceeded in goodness, fineness, and value of metal, all the copper money which had been coined for Ireland, in the reigns of king Charles II., king James II., king William and queen Mary. The privy-council likewise demonstrated, that his majesty’s predecessors had always exercised the undoubted prerogative of granting patents for copper coinage in Ireland to private persons: that none of these patents had been so beneficial to the kingdom as this granted to William Wood, who had not obtained it in an unprecedented manner, but after a reference to the attorney and solicitor-general, and after Sir Isaac Newton had been consulted in every particular: finally, they proved, by a great number of witnesses, that there was a real want of such money in Ireland. Notwithstanding this decision, the ferment of the Irish nation was industriously kept up by clamour, pamphlets, papers, and lampoons, written by dean Swift and other authors; so that Wood voluntarily reduced his coinage from the value of one hundred thousand to forty thousand pounds. Thus the noise was silenced. The commons of Ireland passed an act for accepting the affirmation of the quakers instead of an oath; and voted three hundred and forty thousand pounds towards discharging the debt of the nation, which amounted to about double that sum.