Note 323 — Chapter XIX · Boulton’s Application of the Steam-engine to Coining.

In 1787, and again in 1789, we find the merchants, traders, and others in Southwark urgently memorialising the Lords of the Treasury on the subject. The Memorial addressed to them in the latter year was signed by 800 of the principal inhabitants of the Borough, and presented to Mr. Pitt by a deputation, headed by Mr. Barclay, of Thrale’s Brewery. It set forth that the counterfeits of copper coin had become a very serious burden and loss, more especially to poor manufacturers, labourers, and others, many of whom were compelled to take counterfeit copper coin in payment of their commodities and wages; and concluded by stating that, having seen specimens of a new copper coinage made by Mr. Boulton of Birmingham (under order of the Lords of the Privy Council) the Memorialists take leave to represent, that such a coinage, from its greater weight and superior execution, would in their opinion afford to themselves and the public at large a certain remedy for the present grievance, and they therefore strongly recommended its adoption.