[Colonial Numismatics] Why Silver Wood Pieces Syd??? 上市 Deposited

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  • From johnmenc@optonline.net Mon Jan 10 13:38:13 2005
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    Subject: Spam:Re: [Colonial Numismatics] Why Silver Wood Pieces Syd???
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    Syd and I have corresponded ... so there is nothing else for me to
    add to this effort ... this book is a must for any serious student
    in this series.



    --- In colonial-coins@yahoogroups.com, "Sydney F. Martin"
    <sfmartin5@c...> wrote:
    > Just for the record, I've read and studied Davis, and understand
    his
    > (and John's) points. However, I do not find Davis' presentations
    as
    > proof on non-circulation in Ireland. Again for the record, the
    Davis I
    > use is a 1935 edition. Syd
    >
    > johnmenc@o... wrote:
    >
    > >
    > > This is exactly my point Dave in terms of Syd needing to review
    > > Davis in detail to get more of the facts here...
    > >
    > > This is not a situation on the factual VALIDITY of Swifts
    comments
    > > as a determining factor on the degree of circulation of Wood's
    Brass
    > > pieces as Swift calls them but the overal EFFECT of Swifts
    comments
    > > on the OVERALL degree of circulation in 1723 and 1724.
    > >
    > > Further ... Davis's overview of the Drapiers along with other
    > > NUMEROUS historical documents he reviews and comments in his book
    > > will OPEN THE EYES of the researcher to the detremental effects
    > > these latters had on this ability of this coinage to freely
    > > circulate in Ireland. This degree is left for the reader at this
    > > point in time within C4.
    > >
    > >
    > >
    > >
    > >
    > > --- In colonial-coins@yahoogroups.com, "palmers4@e..."
    > > <palmers4@e...> wrote:
    > > > John, I have been trying to stay out of this dialogue between
    you
    > > and Syd,
    > > > as I thought Syd was doing well in stating his case. I think
    you
    > > are
    > > > missing something. Based on what I have read of the Drapier
    > > letters, and I
    > > > admit, I have not read every word, there was a personal
    vendetta
    > > going on
    > > > between Wood, and Swift. For Swift to have overstated his case,
    > > when it's
    > > > personal, is not unusual, in fact, it is human nature to do so,
    > > when you
    > > > are trying to convince someone else. You seem convinced that
    Swift
    > > was
    > > > completely altruistic here, I and I think a few others are not.
    > > His letters
    > > > go far beyond the point of altruism, and smack of personal
    > > feelings. Well
    > > > said, yes, but personal none the less. When it gets personal,
    it
    > > gets ugly,
    > > > and lies, or half-truths are not at all unusual. Even if
    someone
    > > writing
    > > > about it later takes Swift's side, and agrees with him, is it
    > > based solely
    > > > upon FACT, or at least SOME supposition? Do not take Swift's(
    > > Drapier's)
    > > > letters at FULL face value, as you seem to be doing. I believe
    it
    > > is a
    > > > trap, and you would do well to avoid it. Look at ALL the facts
    > > first, then
    > > > decide. David
    > > >
    > > > Original Message:
    > > > -----------------
    > > > From: johnmenc@o...
    > > > Date: Wed, 05 Jan 2005 16:55:36 -0000
    > > > To: colonial-coins@yahoogroups.com
    > > > Subject: Spam:Re: [Colonial Numismatics] Why Silver Wood Pieces
    > > Syd???
    > > >
    > > >
    > > >
    > > > <html><body>
    > > >
    > > >
    > > >
    > > > <tt>
    > > > <BR>
    > > > My guess is that you "MAY" have a change in opinion after
    reading
    > > <BR>
    > > > some of Swift's merchant examples that he portrays in the <BR>
    > > > Drapier's ... in terms of merchant transactions and the
    problems
    > > <BR>
    > > > that will come about if you are a merchant and if you are STUCK
    > > with <BR>
    > > > Wood's underweight coinage after or during a transaction. Swift
    > > <BR>
    > > > retrieved many merchant signatures who felt this underweight
    > > coinage <BR>
    > > > was simply - NO GOOD for the Irish economy which he used as
    PROOF
    > > <BR>
    > > > that this coinage was not suitable for the people of Ireland.
    This
    > > <BR>
    > > > was IMHO a little different than a Conder token which was
    backed
    > > by <BR>
    > > > a reputable merchant as "good money." This Wood Brass money was
    > > more <BR>
    > > > of a hinderance to the merchants when having to deal with BOTH
    > > good <BR>
    > > > weight EXISTING regal money and this NEW and undesirable
    > > underweight <BR>
    > > > brass (as Swift calls it) halfpence & farthings. Again its <BR>
    > > > underweight "status" would ALSO make it "that much easier" for
    the
    > > <BR>
    > > > counterfeiter to make & pass.<BR>
    > > > IMHO Swifts arguments, the counterfeiting argument and the
    > > multiple <BR>
    > > > merchant examples in the Drapier's go WAY BEYOND as just being
    <BR>
    > > > POLITICAL but more of a nature of COMMON SENSE.<BR>
    > > > <BR>
    > > > <BR>
    > > > <BR>
    > > > --- In colonial-coins@yahoogroups.com, Ray Williams
    > > <njraywms@o...> <BR>
    > > > wrote:<BR>
    > > > > John,<BR>
    > > > > I don't think that Swift would have been politically <BR>
    > > > motivated, at all, to give an inaccurate report of the weights
    of
    > > <BR>
    > > > Wood's coinages <BG> I have a feeling that with respect to the
    > > <BR>
    > > > copper coinage, being up to weight was not as important as what
    > > was <BR>
    > > > accepted or not accepted (politics). Most copper coinage was a
    > > <BR>
    > > > token coinage and did not contain the full value of the coin in
    > > its <BR>
    > > > copper content, unlike the silver and gold coinages which
    did.
    > > <BR>
    > > > > Ray<BR>
    > > > > ----- Original Message ----- <BR>
    > > > > From: johnmenc@o... <BR>
    > > > > To: colonial-coins@yahoogroups.com <BR>
    > > > > Sent: Wednesday, January 05, 2005 10:58 AM<BR>
    > > > > Subject: Spam:Re: [Colonial Numismatics] Why Silver Wood
    > > Pieces <BR>
    > > > Syd???<BR>
    > > > > <BR>
    > > > > <BR>
    > > > > <BR>
    > > > > Good point Syd - the deviation is/appears small - however
    it
    > > <BR>
    > > > would <BR>
    > > > > be interesting to correlate your current findings to
    Swift's
    > > <BR>
    > > > > examples in the Drapier's in terms of his
    arguments/examples
    > > <BR>
    > > > with <BR>
    > > > > various merchants receiving Wood's underweight coinage and
    the
    > > <BR>
    > > > > RESULTING LOSS the merchant would find himself in when
    > > accepting <BR>
    > > > > this coinage. A cross-comparison would be very well
    received
    > > in <BR>
    > > > a <BR>
    > > > > future CNL. <BR>
    > > > > <BR>
    > > > > Perhaps Swift did exaggerate a bit on the underwight issue
    in
    > > <BR>
    > > > his <BR>
    > > > > documented examples based on your calculations? I doubt
    Syd if
    > > <BR>
    > > > > anyone has been here yet in terms of the above cross-
    > > comparion.<BR>
    > > > > <BR>
    > > > > <BR>
    > > > > <BR>
    > > > > --- In colonial-coins@yahoogroups.com, "Martin, Syd" <BR>
    > > > <sfmartin@c...> <BR>
    > > > > wrote:<BR>
    > > > > > Actually, be careful of claiming underweight. I have a
    > > sample <BR>
    > > > of <BR>
    > > > > > approximately 1,000 pieces. The average weight is about
    5
    > > <BR>
    > > > grains <BR>
    > > > > less <BR>
    > > > > > than standard BUT the standard deviation of the sample is
    > > <BR>
    > > > about 7 <BR>
    > > > > > grains. If anyone is interested, I can provide exact
    data
    > > (by <BR>
    > > > > year and <BR>
    > > > > > by total). Remember also, that an exchange rate existed
    <BR>
    > > > between <BR>
    > > > > > England and Ireland at the time -- their currencies were
    <BR>
    > > > not "at <BR>
    > > > > > parity." Syd<BR>
    > > > > > <BR>
    > > > > > <BR>
    > > > > > On Jan 5, 2005, at 9:43 AM, <johnmenc@o...> wrote:<BR>
    > > > > > <BR>
    > > > > > ><BR>
    > > > > > > One thing really instructive on reading the Drapier's
    <BR>
    > > > Letters <BR>
    > > > > (SO<BR>
    > > > > > > FAR) was the importance of "coin weight" and its
    > > importance <BR>
    > > > to <BR>
    > > > > the<BR>
    > > > > > > VARIOUS merchants. Swift used this as his main
    argument
    > > <BR>
    > > > IMHO to<BR>
    > > > > > > CONVINCE the merchants to boycott Wood's BRASS (as he
    <BR>
    > > > called <BR>
    > > > > this<BR>
    > > > > > > coinage)of halfpence and farthings. There is also some
    > > great<BR>
    > > > > > > arguments on how this coinage will leave the people
    open
    > > <BR>
    > > > > to "MORE"<BR>
    > > > > > > underweight bogus counterfeit halfpence as Wood's
    pieces
    > > <BR>
    > > > were<BR>
    > > > > > > already counterfeit "in nature" as being underweight.
    He
    > > <BR>
    > > > > supplies<BR>
    > > > > > > some classic merchants examples on how their
    businesses
    > > <BR>
    > > > will <BR>
    > > > > suffer<BR>
    > > > > > > on accepting this underwight coinage.<BR>
    > > > > > > There is never a mention of the word "shilling" in
    any of
    > > <BR>
    > > > the<BR>
    > > > > > > Drapier Letters.<BR>
    > > > > > > I keep thinking the silver pieces were for die
    testing or
    > > <BR>
    > > > for <BR>
    > > > > some<BR>
    > > > > > > form type of presentation example. No hint in the <BR>
    > > > Drapier's - <BR>
    > > > > but<BR>
    > > > > > > then again - why would there be ... the coinage being
    <BR>
    > > > rejected <BR>
    > > > > in my<BR>
    > > > > > > mind was not really political ... Swift is right ...
    what
    > > <BR>
    > > > > advantage<BR>
    > > > > > > would it be for the merchants of Ireland to accept
    brass
    > > <BR>
    > > > coinage<BR>
    > > > > > > which is underweight to their CURRENT English
    > > counterpart<BR>
    > > > > > > coinage ... even if there was a REAL need for non-<BR>
    > > > silver/gold<BR>
    > > > > > > coinage for the working class people of Ireland. His
    <BR>
    > > > examples <BR>
    > > > > again<BR>
    > > > > > > are great and HIT HOME.<BR>
    > > > > > > I am not convinced at all - that since we now have to
    pay
    > > <BR>
    > > > four<BR>
    > > > > > > digits for a 1723 UNC halfpence that this would lead
    me
    > > to <BR>
    > > > be<BR>
    > > > > > > convinced that this coinage was feely accepted in
    > > Ireland - <BR>
    > > > TO <BR>
    > > > > ANY<BR>
    > > > > > > DEGREE AT ALL !!!<BR>
    > > > > > > The hell with this underwight bogus halfpence - I am
    with
    > > <BR>
    > > > you <BR>
    > > > > SWIFT -<BR>
    > > > > > > ship this GARBAGE to the COLONIES - ALL OF IT!<BR>
    > > > > > ><BR>
    > > > > > ><BR>
    > > > > > ><BR>
    > > > > > > --- In colonial-coins@yahoogroups.com, Ray Williams
    <BR>
    > > > > <njraywms@o...><BR>
    > > > > > > wrote:<BR>
    > > > > > > > Thanks Jack, that will give me something to read on
    a
    > > <BR>
    > > > snowy<BR>
    > > > > > > evening. I don't know if it's the same source that
    JPL
    > > had <BR>
    > > > > shared,<BR>
    > > > > > > but it certainly will give me what I'm looking
    for.<BR>
    > > > > > > > Ray<BR>
    > > > > > > > ----- Original Message -----<BR>
    > > > > > > > From: Jack Howes<BR>
    > > > > > > > To: colonial-coins@yahoogroups.com<BR>
    > > > > > > > Sent: Tuesday, January 04, 2005 9:40 PM<BR>
    > > > > > > > Subject: Re: [Colonial Numismatics] Why Silver
    Wood
    > > <BR>
    > > > Pieces <BR>
    > > > > Syd???<BR>
    > > > > > > ><BR>
    > > > > > > ><BR>
    > > > > > > > Ray,<BR>
    > > > > > > ><BR>
    > > > > > > > Here is a link to an etext of Swift's Drapier's
    > > Letters:<BR>
    > > > > > > ><BR>
    > > > > > > > <a
    > > > href="http://www.gutenberg.org/dirs/1/2/7/8/12784/12784-
    > > 8.txt">http://www.gu
    > > > tenberg.org/dirs/1/2/7/8/12784/12784-8.txt</a><BR>
    > > > > > > > ----- Original Message -----<BR>
    > > > > > > > From: Ray Williams<BR>
    > > > > > > > To: colonial-coins@yahoogroups.com<BR>
    > > > > > > > Sent: Tuesday, January 04, 2005 5:27 PM<BR>
    > > > > > > > Subject: Re: [Colonial Numismatics] Why Silver
    Wood
    > > <BR>
    > > > Pieces<BR>
    > > > > > > Syd???<BR>
    > > > > > > ><BR>
    > > > > > > ><BR>
    > > > > > > > John,<BR>
    > > > > > > > Could you share what site you downloaded the
    > > below<BR>
    > > > > > > information? It's interesting and I'd like to read a
    <BR>
    > > > little <BR>
    > > > > more on<BR>
    > > > > > > the topic.<BR>
    > > > > > > > Ray<BR>
    > > > > > > > ----- Original Message -----<BR>
    > > > > > > > From: johnmenc@o...<BR>
    > > > > > > > To: colonial-coins@yahoogroups.com<BR>
    > > > > > > > Sent: Tuesday, January 04, 2005 4:36 PM<BR>
    > > > > > > > Subject: [Colonial Numismatics] Why Silver
    Wood
    > > <BR>
    > > > Pieces <BR>
    > > > > Syd???<BR>
    > > > > > > ><BR>
    > > > > > > ><BR>
    > > > > > > ><BR>
    > > > > > > > As is well known William Wood had issued
    > > quantities <BR>
    > > > of <BR>
    > > > > regal<BR>
    > > > > > > > halfpennies and farthings for Ireland in 1722
    and
    > > <BR>
    > > > 1723, <BR>
    > > > > but<BR>
    > > > > > > these<BR>
    > > > > > > > had been extremely unpopular, even though the
    > > last <BR>
    > > > > copper<BR>
    > > > > > > issue had<BR>
    > > > > > > > been in 1696 and shortages were starting to
    > > appear. <BR>
    > > > This<BR>
    > > > > > > popularity<BR>
    > > > > > > > was in part the result of a campaign, given
    <BR>
    > > > intellectual<BR>
    > > > > > > force by<BR>
    > > > > > > > Swift's Drapier's Letters, which, in the
    spirit
    > > of <BR>
    > > > the <BR>
    > > > > age,<BR>
    > > > > > > refused<BR>
    > > > > > > > to accept the advantages of a separation
    between
    > > <BR>
    > > > face <BR>
    > > > > and<BR>
    > > > > > > intrinsic<BR>
    > > > > > > > value for the smaller denominations.<BR>
    > > > > > > ><BR>
    > > > > > > > Swift's arguments were based on political
    animus
    > > <BR>
    > > > and <BR>
    > > > > some<BR>
    > > > > > > rather<BR>
    > > > > > > > shakey economics. The American colonists
    proved
    > > more<BR>
    > > > > > > amenable and<BR>
    > > > > > > > Mr. Wood's coins were shipped off across the
    > > ocean. <BR>
    > > > > Before<BR>
    > > > > > > Wood's<BR>
    > > > > > > > issue, it was said that 'considerable
    > > manufacturers <BR>
    > > > were<BR>
    > > > > > > obliged to<BR>
    > > > > > > > pay their men with tallies or token in cards,
    <BR>
    > > > signed <BR>
    > > > > upon<BR>
    > > > > > > the back,<BR>
    > > > > > > > to be afterwards exchanged for money..: 2 <BR>
    > > > Subsequently,<BR>
    > > > > > > there may<BR>
    > > > > > > > well have been a recurrence of the perennial
    <BR>
    > > > shortage of<BR>
    > > > > > > coinage in<BR>
    > > > > > > > Ireland, bin this must have been alevinted, at
    > > <BR>
    > > > least m <BR>
    > > > > part.<BR>
    > > > > > > by the<BR>
    > > > > > > > issue of regal halfpence in 1736-38, 1741-44,
    and
    > > <BR>
    > > > > farthings<BR>
    > > > > > > in 1737,<BR>
    > > > > > > > 1738 and 1744, to take only the most relevant
    > > years.<BR>
    > > > > > > ><BR>
    > > > > > > > Syd - I am currently reading the Drapier
    Letters -
    > > <BR>
    > > > its<BR>
    > > > > > > interesting I<BR>
    > > > > > > > can find no mention of the word "SILVER." Were
    > > <BR>
    > > > these <BR>
    > > > > just<BR>
    > > > > > > > experimental mint pieces or less likely <BR>
    > > > presentation <BR>
    > > > > pieces?<BR>
    > > > > > > What<BR>
    > > > > > > > are your thoughts on this matter???<BR>
    > > > > > > ><BR>
    > > > > > > ><BR>
    > > > > > > ><BR>
    > > > > > > ><BR>
    > > > > > > ><BR>
    > > > > > > ><BR>
    > > > > > > > ----------------------------------------------------
    ----
    > > --<BR>
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    > > > > > > -----------<BR>
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    > > > <li>Your use of Yahoo! Groups is subject to the <a
    > > > href="http://docs.yahoo.com/info/terms/">Yahoo! Terms of
    > > Service</a>.
    > > > </ul>
    > > > </tt>
    > > > </br>
    > > >
    > > > <!-- |*
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  • 2005-01-10
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