Several essays in political arithmetick / by Sir William Petty.

  • William Petty
Date:
1755
Catalogue details

Licence: Public Domain Mark

Credit: Several essays in political arithmetick / by Sir William Petty. Source: Wellcome Collection.

    197/206 (page 181)
    ( ) - above mentioned: It being well known that any Tradefman of good Reputation, worth Five hundred Pounds, will be trufted with above One thoufand Pounds Worth of Com¬ modities : Wherefore lefs than thirty Millions will fuffice for the faid Purpofe; of which Sum the Coin, Shipping, and Stock, already in Trade, do at lead: make one Half. And it hath been fhewn how by the Policy of a Bank, any Sum of Money may be made equivalent in Trade, unto near double of the fame ; by all which it feems, that even at pre- fent much is not wanting to perform what is propounded. But fuppofe twenty Millions or more were wanting, it is not improbable, that iince the Generality of Gentlemen, and fome Noblemen, do put their younger Sons to Mer¬ chandize, tbey will fee it reafonable, as they in- creafe in the Number of Merchants, fo to in- creafe the Magnitude of Trade, and confe- quently to increafe Stock; which may effectu¬ ally be done by imbanking twenty Millions Worth of Land, not being above a Sixth or Seventh of the whole Territory of England -y (that is to fay) by making a Fund of fuch Va¬ lue, to be Security for all Commodities bought and fold upon the Accompt of the univerfal Trade here mentioned. And thus it having appeared, that England having in it as much Land, like Holland and Zea¬ land\ as the faid two Provinces do themfelves con-