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[LOWNDES, William.]

A Report Containing an Essay for the Amendment of the Silver Coins.

Published: London: Printed by Charles Bill, and the Executrix of Thomas Newcomb, deceas'd; Printers to the Kings most Excellent Majesty, 1695

Stock code: 90626

Price: £3,750

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First edition, first impression. Presentation copy inscribed by the recipient on the rear blank: “Mr. Lownds to Mr. Christian and his to his true friend George Morland, Esq. December 1700”. William Lowndes (1652–1724) was Secretary to the Treasury under William III and Queen Anne, from 1695 to 1723. In his report to the Lords of the Treasury Lowndes proposed an increase in the mint price of silver coins. John Locke opposed his project in his essay entitled Further Considerations concerning the raising the value of money, wherein Mr. Lowndes’ arguments for it in his late report concerning “An Essay,” etc. Locke’s views were adopted by government and the recoinage on the old standard was carried on.

Octavo (202 x 123mm). Black morocco presentation binding, spine gilt in compartments, unlettered, sides panelled in gilt with two-line outer rules enclosing a central frame with gilt cornerpieces, all edges gilt, comb-marbled endpapers. Woodblock historiated capitals. Joints lightly rubbed, short hairline crack to foot of spine, tiny puncture to initial blank. An excellent copy.

Bibliography: Goldsmiths' 3131; Kress 1908; Wing L3323.

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