livres to a pound sterling; for
M. Neckar's statement, from which Mr. Burke's is taken, is two thousand
two hundred millions of livres, which is upwards of ninety-one millions
and a half sterling.

M. Neckar in France, and Mr. George Chalmers at the Office of Trade and
Plantation in England, of which Lord Hawkesbury is president, published
nearly about the same time (1786) an account of the quantity of money in
each nation, from the returns of the Mint of each nation. Mr. Chalmers,
from the returns of the English Mint at the Tower of London, states
the quantity of money in England, including Scotland and Ireland, to be
twenty millions sterling.*[12]

M. Neckar*[13] says that the amount of money in France, recoined from
the old coin which was called in, was two thousand five hundred millions
of livres (upwards of one hundred and four millions sterling); and,
after deducting for waste, and what may be in the West Indies and other
possible circumstances, states the circulation quantity at home to be
ninety-one millions and a half sterling; but, taking it as Mr. Burke has
put it, it is sixty-eight millions more than the national quantity in
England.

That the quantity of money in France cannot be under this sum, may at
once be seen from the state of the French Revenue, without referring to
the records of the French Mint for proofs. The revenue of France, prior
to the Revolution, was nearly twenty-four millions sterling; and as
paper had then no existence in France the whole revenue was collected
upon gold and silver; and it would have been impossible to have
collected such a quantity of revenue upon a less national quantity than
M. Neckar has stated. Before the establishment of paper in England,
the revenue was about a fourth part of the national amount of gold
and silver, as may be known by referring to the revenue prior to King
William, and the quantity of money stated to be in the nation at that
time, which was nearly as much as it is now.

It can be of no real service to a nation, to impose upon itself, or to
permit itself to be imposed upon; but the prejudices of some, and
the imposition of others, have always represented France as a nation
possessing but little money--whereas the quantity is not only more than
four times what the quantity is in England, but is considerably greater
on a proportion of numbers. To account for this deficiency on the
part of England, some reference should be had to the English system o