The History of England, Volume I: From the Invasion of Julius Caesar to the Revolution in 1688
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 [s], 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 [t]; 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 splendour
and magnificence of a court, or could bestow more on his pleasures, or
in liberalities to his servants and favourites [u].
[FN [s] West's inquiry into the manner of creating peers, p. 24. [t]
Order. Vital. p. 523. He says one thousand and sixty pounds and some
odd shillings and pence a day. [u] Fortescue, de Dom. reg. et
politic. cap. 111.]