About 1232, the abbot of St. Alban’s, going on a journey, hired seven handsome, stout horses; and agreed, if any of them died on the road, to pay the owner thirty shillings apiece of our present money.[*] It is to be remarked, that in all ancient times the raising of corn, especially wheat, being a species of manufactory, that commodity always bore a higher price, compared to cattle, than it does in our times.[**] The Saxon Chronicle tells us,[***] that in the reign of Edward the Confessor there was the most terrible famine ever known; insomuch that a quarter of wheat rose to sixty pennies, or fifteen shillings of our present money. Consequently, it was as dear as if it now cost seven pounds ten shillings. This much exceeds the great famine in the end of Queen Elizabeth, when a quarter of wheat was sold for four pounds. Money in this last period was nearly of the same value as in our time. These severe famines are a certain proof of bad husbandry. [* M. Paris]. [** Fleetwood. p. 83, 94, 96. 98] [*** Page 157.] On the whole, there are three things to be considered, wherever a sum of money is mentioned in ancient times. First, the change of denomination, by which a pound has been reduced to the third part of its ancient weight in silver. Secondly, the change in value by the greater plenty of money, which has reduced the same weight of silver to ten times less value, compared to commodities; and consequently a pound sterling to the thirtieth part of the ancient value. Thirdly, the fewer people and less industry which were then to be found in every European kingdom. This circumstance made even the thirtieth part of the sum more difficult to levy, and caused any sum to have more than thirty times greater weight and influence, both abroad and at home, than in our times; in the same manner that a sum, a hundred thousand pounds, for instance, is at present more difficult to levy in a small state, such as Bavaria, and can produce greater effects on such a small community than on England. This last difference is not easy to be calculated; but, allowing that England has now six times more industry, and three times more people than it had at the conquest, and for some reigns after that period, we are upon that supposition to conceive, taking all circumstances together, every sum of money mentioned by historians, as if it were multiplied more than a hundred fold above a sum of the same denomination at present. In the Saxon times, land was divided equally among all the male children of the deceased, according to the custom of gavelkind. The practice of entails is to be found in those times.[*] Land was chiefly of two kinds, bockland, or land held by book or charter, which was regarded as full property, and descended to the heirs of the possessor; and folkland, or the land held by the ceorles and common people, who were removable at pleasure, and were, indeed, only tenants during the will of their lords.