The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12)Burke, Edmund
History
The Works of the Right Honourable Edmund Burke, Vol. 03 (of 12)
Burke, Edmund
Great Britain -- Politics and government -- 1760-1820; Political science -- Early works to 1800
The wealth of a country is another, and no contemptible standard, by
which we may judge whether, on the whole, a government be protecting or
destructive. France far exceeds England in the multitude of her people;
but I apprehend that her comparative wealth is much inferior to
ours,--that it is not so equal in the distribution, nor so ready in the
circulation. I believe the difference in the form of the two governments
to be amongst the causes of this advantage on the side of England: I
speak of England, not of the whole British dominions,--which, if
compared with those of France, will in some degree weaken the
comparative rate of wealth upon our side. But that wealth, which will
not endure a comparison with the riches of England, may constitute a
very respectable degree of opulence. M. Necker's book, published in
1785,[107] contains an accurate and interesting collection of facts
relative to public economy and to political arithmetic; and his
speculations on the subject are in general wise and liberal. In that
work he gives an idea of the state of France, very remote from the
portrait of a country whose government was a perfect grievance, an
absolute evil, admitting no cure but through the violent and uncertain
remedy of a total revolution. He affirms, that from the year 1726 to the
year 1784 there was coined at the mint of France, in the species of gold
and silver, to the amount of about one hundred millions of pounds
sterling.[108]
It is impossible that M. Necker should be mistaken in the amount of the
bullion which has been coined in the mint. It is a matter of official
record. The reasonings of this able financier concerning the quantity of
gold and silver which remained for circulation, when he wrote in 1785,
that is, about four years before the deposition and imprisonment of the
French king, are not of equal certainty; but they are laid on grounds so
apparently solid, that it is not easy to refuse a considerable degree of
assent to his calculation. He calculates the _numéraire_, or what we
call _specie_, then actually existing in France, at about eighty-eight
millions of the same English money. A great accumulation of wealth for
one country, large as that country is! M. Necker was so far from
considering this influx of wealth as likely to cease, when he wrote in
1785, that he presumes upon a future annual increase of two per cent
upon the money brought into France during the periods from which he
computed.
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