Page:Survey of London by John Stow.djvu/79

Rh Linne, Lincolne, York, Carleil, Northampton, Oxford, St. Edmondsbury, and Durham. The exchanger, examiner, and trier, buyeth the silver for coinage, answering for every hundred pounds of silver bought in bullion or otherwise, ninety-eight pounds fifteen shillings, for he taketh twenty-five shillings for coinage. King Edward I., in the 27th of his reign, held a parliament at Stebenheth, in the house of Henry Waleis, mayor of London, wherein amongst other things there handled, the transporting of sterling money was forbidden.

In the year 1351, William Edington, bishop of Winchester, and treasurer of England, a wise man, but loving the king's commodity more than the wealth of the whole realm, and common people (saith mine author ) caused a new coin, called a groat, and a half-groat, to be coined and stamped, the groat to be taken for four pence, and the half-groat for two pence, not containing in weight according to the pence called easterlings, but much less, to wit, by five shillings in the pound; by reason whereof, victuals and merchandises became the dearer through the whole realm. About the same time also, the old coin of gold was changed into a new; but the old florin or noble, then so called, was worth much above the taxed rate of the new, and therefore the merchants engrossed up the old, and conveyed them out of the realm, to the great loss of the kingdom. Wherefore a remedy was provided by changing of the stamp. In the year 1411, King Henry IV. caused a new coin of nobles to be made, of less value than the old by four pence in the noble, so that fifty nobles should be a pound troy weight. In the year 1421 was granted to Henry V. a fifteenth, to be paid at Candlemas and at Martinmas, of such money as was then current, gold or silver, not overmuch clipped or washed; to wit, that if the noble were worth five shillings and eight pence, then the king should take it for a full noble of six shillings and eight pence, and if it were less of value than five shillings and eight pence, then the person paying that gold to make it good to the value of five shillings and eight pence, the king always receiving it for a whole noble of six shillings and eight pence. And if the noble so paid be better than five shillings and eight pence, the king to pay again the surplusage that it was better than five shillings and eight pence. Also this year was such scarcity of white money, that though a noble were