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第17章

money answers all things-第17章

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sually see them put themselves in Mourning on such Occasions; it must be plain that the working People not only can; but would do a great deal more Work than they do; if they were but somewhat better encouraged by their Wages to do so。     Lastly; The full and sufficient Execution of this Proposal is the only natural Way to extend Dominion; and introduce Liberty amongst Mankind。 For wherever so much Land is continually put to use; as will call for all Land is continually put to use; as will call for all the Hands; Trade; and Manufactures will suffer to employ themselves this Way; as this will necessarily give full employment to all the People; and make such Plenty of every Thing; that the meanest of the People will certainly find a comfortable Subsistence for themselves and Families; so it will infallibly draw the People out of every Nation round us; that doth not attend to this Point in the same Degree; and consequently cause the People to forsake every arbitrary and oppressive Government; to find such a Settlement; as the Business so much Land continually added and improv'd will necessarily provide for them。     'Tis true; this will in time fill this Island with Inhabitants; and improve every Spot of Ground in it。 And I suppose it must be this Way that Benjamin Motte Computes that the People may be doubled; in so short a Time as 24 or 25 Years: If this be not the Way; I am not able to conjecture how so great an Increase of People should arise; in the small Space he assert they may be doubled and quadrupled; for I am sure the natural Increase of Mankind will require a vastly longer Term; only to double in。     But however; if my 9th and 10th Principles are true; and I think them self…evident; then the full and sufficient Execution of this Proposal must be a great Advantage to the Government; by increasing the Number and Riches of their Subjects; and their Revenues together with them; which Things are inseparably connected。 Nay; this matter ought most certainly to be carried so far as to fill Ireland with Inhabitants; by granting for a considerable Term; on small Acknowledgments; a proper Quantity of any waste Land; that any Person shall choose; and be able to undertake the full Improvement of。 And this; I think; these Kingdoms would soon become vastly more powerful; since 'tis probable; that in less than a Century there would be double the present Number of People found in them。 Nor could this possibly fail; I think; unless the Nations round us; to prevent the Loss of their Subjects; should take the same Measures; and then the Increase of each Nation would be only such as the natural Increase of Mankind will produce。 but this great Advantage wold arise to Mankind by this Means; that Happiness and Liberty wold be as general and extensive; as the Method I prescribe shall be practised。     And this may shew the Folly and Absurdity of making War; on the ambitious Principle of extending Dominion; since War; if it be continued a few Years; commonly ruins the Generality of the People of such Nations as are vanquish'd; as we know the late War did France; and what we who conquer'd got by it; the Taxes we at present groan under; and from which perhaps we shall never be reliev'd; will amply testify。 But the Folly of making War; to extend Dominion; appears; in what War lays waste and depopulates Countries; and thereby puts such Nations to great and extraordinary Charges and Difficulties; to preserve and defend such unpeopled Territories from the easy Inroads and Invasions of their Neighbours; who have as many more Opportunities of Entrance; as the extended unpeopled Territory of any Potentate doth necessarily afford。     If therefore it be absurd to make War to extend Dominion; I should say Territory; for that is all that can be got by it;(27*) and if; as I have before shewn; it be unnecessary on the Account of Trade also; it will follow that War; except in our own necessary Self…defence; is unnatural and wicked; since these ordinary Causes; viz。 extending Dominion or Trade will not justify it。     Yet I think there is one Case; in which making War on other Nations may be justifiable; viz。 Fighting for Territory when we are over…people; and want Land for them; which our Neighbours have; but will not part with on amicable and reasonable Terms。 And as this; and necessary Self…defence is all the just Foundation War can ever have; so War for any other Causes is Murder; aggravated by the horrible Addition of all the Thousands that are destroy'd on both Sides。 This must be so; because it's monstrous to imagine; the Author of the World hath constituted Things so; as to make it any Ways necessary for Mankind to murder and destroy each other: And yet he must have constituted Things thus monstrously; if War be necessary on any other Foundation whatsoever。     I will not proceed to shew; that the State of the Nation; in Respect of the Trade thereof; is really very different; and much worse than it was about the Year 1688。     Erasmus Phillips says; Page 15; that the Year above mentioned was perhaps the Time; when England was in Possession of the greatest Quantity of Wealth she ever did enjoy; She was then inrich'd with the Treasure she had been accumulating for about 150 Years; for so long we may date the Progress of Trade in this Nation。 And Page 17; he says;As to the Specie of the Nation; the Recoining 3 Years afterwards makes that sum almost apparent as to the Silver; for from 1691 to 1697; there was brought to the London and Country Mints; 8;400;000 l。 of clipt; light; and hammer'd Money; and in all Probability there might be a great Sum standing out。 The mill'd Silver coin'd in King Charles IId; and King James IId's Reign; might be 2;200;000 l。 so that we may suppose subsisting in Silver Money; at that Time; about 11 Millions; And the Gold we may reckon thus:

Coin'd in Queen Elizabeth's Time who reform'd most of the old Specie:                 L。 1;500;000 Coin'd in King James Ist's Time                 L。   800;000 Coin'd in King Charles Ist's Time                 L。 1;723;456 And in the Reigns of King Charles IId; and King James IId。                 L。 6;500;000 In all          L。 10;523;456

But allowing for Deficiencies and Wastes of all Kinds                 L。  3;000;000 The Gold Specie then remains                 L。  7;523;456 Silver Specie as above                 L。 11;000;000 Total of the Specie circulating in the Nation about the Year 1688                 L。 18;523;456

    And Page 18; he says; There is Reason to believe this was the State of the Nation in Respect to Trade and Money in the Year 1688。     And I will endeavour to shew; that the Trade of the Nation had really stood on such a Foot; during the whole Period of the Coinage above set forth; that is was not likely we had thereby diminished any Part of the Specie abovemention'd; on which however so large a Sum as 3 Millions is allow'd for Deficiencies and Waste。     In the Year 1645 there were 7966 Christen'd; and 11479 Buried。     In the Year 1789 there were 14777 Christen'd and 23502 Buried。     The Christenings and Burials; then; being at the Year 1689; about double the Number they were at the Year 1645; makes it evident that the People in London and Westminister; etc。 within the Bills of Mortality; were doubled in about 44 Years; notwithstanding that great Plague which happened in this Period。 And Dr Nichols hath assured us; that the Country increased in the same Time; though not in the like; yet in a considerable Proportion。     Not since the Prices of all things in general were as high; if not higher; when the People were so much increased; than the Prices of the same Things in general were when the Number of the People were so much less (and this I shall take for granted as a Thing sufficiently known;) therefore; since we had at the Year 1688 no considerable national Debts; or Paper Effects operating as Money; and thereby inhancing the prices of things above the Rates which the Specie itself would support them at; as every Thing which hath the operation of Money; though it be not such; will never fail to do; I say; this could be only the Effect of a vast Increase of real specie circulating; which thus supported; if not raised the Number of People; as there was in London; etc。 and in the Kingdom in general; or at about the Year 1688; above the Number there was about 44 Years before。     And since we (having no mines) could only have such an increase of specie arise; by the Balance of Trade being so mightily in our Favour; as to increase the Money so vastly in so short a time as about 44 Years; I think there can be no room to imagine; the Specie; coin'd as above; was at all lessen'd in this Period。     But it will still be a Question; whether the Specie was not diminish'd before the Year 1645; since the Beginning of the Coinage goes much further back。 To which I answer; that is is well know that our Trade at 1645 was but of about 100 Years Date; and therefore I shall say it was but in its Youth。 And as it is a Circumstance; always attending the Beginnings of foreign Trade in every Nation; to have the Balance in their Favour; because such Nations having no Mines; cannot have much Money amongst them;(28*) on which Account their Produce and Manufacturers must needs be low in their Price: And as this is the chief; if not the only Circumstance which lays the Foundation of the Exportation of the Commodities of any Country; so this being then our Case; must needs be the Means of increasing the Gold and Silver amongst us; from the Time of Reforming the old Specie by Queen Elizabeth; to the Time whence I begin that great Increase of the People。 But further to establish this Point; give me Leave again to make use of Dr Nichols's Authority in the beforecited Place; where he says; 〃To consider further how mightily this Nation of ours hath increased within a Century or two; notwithstanding the many civil and external Wars; and those vast Drains of People that have been made into our Plantations since the Discovery of America。〃 If the Nation did really increase so mightily within a Century or two; and it be an undeniable Fact that the Prices of Things advanced too during that Time; we must during that Time have had an Increase of the People and Prices of Things; as hath been before reason'd on this Point。 Therefore I think it appears more than probable; that the Specie coin'd as above; was not diminish'd; but really circulating amongst us about the Year 1688。     Let us now see how different the State of the Nation; and consequently the Trade thereof; now is in this Respect。

    The Cash of the Nation is by most People; so far as I can learn; esteem'd to be about 10 or 12 Millions。 But Erasmus Phillips endeavours to she that it is(29*)             L。  15;000;000     And in his Preface; he says; the National Debt is 53 Millions; a sixth Part of which; he says; Foreigners are generally supposed to have; which; allowing the Debt to be now somewhat lessen'd; can hardly be put lower than(30*)             L。   8;000;000。     The Balance of Specie; which we may then call our own; will be             L。   7;000;000。

    That is 11 millions and a half less than we had about the Year 1688。     Now whether this great Diminution of our Species be attributed chiefly to the vast Expence of King William 

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