The History of England in Three Volumes, Vol. I., Part A.: From the Britons of Early Times to King John
David Hume · en
The king was naturally a great economist; and though no prince had ever
been more bountiful to his officers and servants, it was merely because
he had rendered himself universal proprietor of England, and had a whole
kingdom to bestow. He reserved an ample revenue for the crown; and in
the general distribution of land among his followers, he kept possession
of no less than one thousand four hundred and twenty--two manors in
different parts of England,[**] which paid him rent either in money, or
in corn, cattle, and the usual produce of the soil. An ancient historian
computes that his annual fixed income, besides escheats, fines, reliefs,
and other casual profits to a great value, amounted to near four hundred
thousand pounds a year;[***] a sum which, if all circumstances be
attended to, will appear wholly incredible. A pound in that age, as we
have already observed, contained three times the weight of silver that
it does at present; and the same weight of silver, by the most probable
computation, would purchase near ten times more of the necessaries of
life, though not in the same proportion of the finer manufactures. This
revenue, therefore, of William, would be equal to at least nine or ten
millions at present; and as that prince had neither fleet nor army to
support, the former being only an occasional expense, and the latter
being maintained, without any charge to him, by his military vassals,
we must thence conclude that no emperor or prince, in any age or nation,
can be compared to the Conqueror for opulence and riches. This leads us
to suspect a great mistake in the computation of the historian; though,
if we consider that avarice is always imputed to William as one of his
vices, and that, having by the sword rendered himself master of all the
lands in the kingdom, he would certainly, in the partition, retain a
great proportion for his own share, we can scarcely be guilty of any
error in asserting, that perhaps no king of England was ever more
opulent, was more able to support by his revenue the splendor and
magnificence of a court, or could bestow more on his pleasures, or in
liberalities to his servants and favorites.[****]
[* Ingulph. p. 8.]
[** West’s Inquiry into the Manner of creating
Peers, p. 24.]
[*** Order. Vitalis, p. 523. He says, one thousand
and sixty pounds and some odd shillings and pence a day.]
[**** Fortescue, de Dom. Reg. el Politic, cap.
111.]