The Wealth of Nations

ten to twenty-two.” But in the text above, the popular estimate, as indicated by the price of silver bullion, is accepted, as in the next paragraph. ↩

Ed. 1 reads “degraded.” ↩

See above, here. ↩

Lowndes, Essay, p. 88. ↩

Lowndes’s Essay on the Silver Coin, p. 68.

—⁠Smith

This note appears first in ed. 2.

—⁠Cannan

↩

Above, here. ↩

The meaning is “given a certain area and intensity of cultivation, the bounty will raise the price of corn.” ↩

Ed. 1 does not contain “upon the principles of a system which I shall explain hereafter.” The reference is presumably to here through here. ↩

Ed. 1 reads here “a notion which I shall examine hereafter.” ↩

Doubtless by a misprint ed. 5 omits “first.” The term is used again at the end of the paragraph and also here through here. ↩

See the table at the end of the chapter; ¹⁹⁄₃₂ is a mistake for ⁹⁄₃₂. ↩

The 25 percent is erroneously reckoned on the £2 0s. 6¹⁹⁄₃₂d. instead of on the £2 11s. old. The fall of price is really less than 21 percent. ↩

The date is taken from the heading of Scheme D in Davenant, Essay Upon the Probable Means of Making a People Gainers in the Balance of Trade, 1699, p. 22, Works, ed. Whitworth, 1771, vol. ii, p. 184. Cp. Natural and Political Observations and Conclusions Upon the State and Condition of England, by Gregory King, Esq., Lancaster, H., in George Chalmers’ Estimate of the Comparative Strength of Great Britain, 1802, p. 429; in Davenant, Balance of Trade, pp. 71, 72, Works, vol. ii, p. 217. Davenant says “this value is what the same is worth upon the spot where the corn grew; but this value is increased by the carriage to the place where it is at last spent, at least ¼ part more.” ↩

Ed. 1 does not contain this parenthesis. ↩

See this note. ↩

Ed. 5, doubtless by a misprint, omits “even.” ↩

Below, here through here. ↩

The references to Dupré de St. Maur and the Essay (see above, p. 181, note), as well as the whole argument of the paragraph, are from Messance, Recherches sur la population des généralités d’Auvergne, etc., p. 281. Messance’s quotations are from Dupré’s Essai sur les Monnoies, 1746, p. 68, and Herbert’s Essai sur la police générale des grains, 1755, pp. ix, 77, 189; cp. below, here. ↩

Above, here through here. ↩

Examined below, here. ↩

See the table at the end of the chapter. ↩

This figure is obtained, as recommended by Charles Smith (Tracts on the Corn Trade, 1766, p. 104), by deducting one-ninth for the greater size of the Windsor measure and one-ninth from the remainder for the difference between best and middling wheat. ↩

“Tract 3rd,” referred to a few lines farther on, only gives the quantities of each kind of grain exported in each year (here through here), so that if the figures in the text are taken from it they must have been obtained by somewhat laborious arithmetical operations. The particulars are as follows:⁠—

	Exported		Bounty payable
	Qr.	Bush.
Wheat	3,784,524	1	£946,131	0	7½
Rye	765,056	6	133,884	18	7½
Barley, malt and oats	3,479,575	2	434,946	18	1½
	8,029,156	1	£1,514,962	17	4½

↩

“Years” is apparently a mistake for “months.” “There is such a superabundance of corn that incredible quantities have been lately exported. I should be afraid to mention what quantities have been exported if it did not appear upon our customhouse books; but from them it appears that lately there was in three months’ time above £220,000 paid for bounties upon corn exported.”

—⁠Parliamentary History (Hansard), vol. xiv, p. 589

↩

See Tracts on the Corn Trade; Tract 3d.

—⁠Smith

This note appears first in ed. 2. The exports for 1750 are given in C. Smith, op. cit., p. 111, as 947,602 qr. 1 bush. of wheat, 99,049 qr. 3 bush. of rye, and 559,538 qr. 5 bush. of barley, malt and oats. The bounty on these quantities would be £324,176 10s.

—⁠Cannan

↩

Above, here. ↩

Ed. 1, perhaps correctly, reads “quantity.” ↩

Ed. 1 reads “fifth.” ↩

Above, here. ↩

Ed. 1 reads “fell to a third and then to a fifth, at which rate it still continues.” ↩

Solorzano, vol. ii.

—⁠Smith

Solorzano-Pereira, De Indiarum Jure, Madrid, 1777, lib. v, cap. i, §§ 22, 23; vol. ii, p. 883, col. 2. Ed. 1 does not contain the note.

—⁠Cannan

↩

Ed. 1 reads “one and thirty years before 1535.” The date 1545 is given in Solorzano, De Indiarum Jure, Madrid, 1777, vol. ii, p. 882, col. 2. ↩

Ed. 1 reads “In the course of a century.” ↩

Ed. 1 reads “A hundred years.” ↩

Ed. 1 reads “lower” instead of “reduce,” and does not contain “not only to one-tenth, as in 1736, but to one-twentieth.” See this note. ↩

Below, here. Raynal, Histoire philosophique, Amsterdam ed. 1773, tom. iii, pp. 113, 116, takes the same view of the Peruvians. ↩

Below, here through here passim. ↩

Voyage to the South