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He affirms, that from the year 1726 to the year 1784, there was coined at the mint of France, in the species of gold and silver, to the amount of about one hundred millions of pounds sterling *

It is impossible that Mr. Necker should be mistaken in the amount of the bullion which has been coined in the mint. It is a matter of official record. The reasonings of this able financier, concerning the quantity of gold and silver which remained for circulation, when he wrote in 1785, that is about four years before the deposition and imprisonment of the French King, are not of equal certainty ; but they are laid on grounds so apparently solid, that it is not easy to refuse a considerable degree of assent to his calculation. He calculates the numeraire, or what we call specie, then actually existing in France, at about eighty-eight millions of the same English money. A great accumulation of wealth for one country, large as that country is ! Mr. Necker was so far from considering this influx of wealth as likely to cease, when he wrote in 1785, that he presumes upon a future annual increase of two per cent. upon the money brought into France during the periods from which he computed.

Some adequate cause must have originally introduced all the money coined at its mint into that kingdom; and some cause as operative must have kept at home, or returned into its bosom, such a vast flood of treasure as Mr. Necker calculates to remain for domestic circulation. Suppose any reasonable deductions from M. Necker's com

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* Vol. iii. chap. 8. and chap. 9.

putation;

putation; the remainder must fill amount to an immense sum. Causes thus powerful to acquire and to retain, cannot be found in discouraged industry, insecure property, and a positively destructive government. Indeed, when I consider the face of the kingdom of France; the multitude and opulence of her cities; the useful magnifience of her spacious high roads and bridges ; the opportunity of her artificial canals and navigations opening the conveniences of maritime communication through a solid continent of so immense an extent; when I turn my eyes to the stupendous works of her ports and harbours, and to her whole naval apparatus, whether for war or trade; when I bring before my view the number of her fortifications, constructed with so bold and masterly a skill, and made and maintained at so prodigious a charge, presenting an armed front and impenetrable barrier to her enemies upon every side; when I recollect how very small a part of that extensive region is without cultivation, and to what complete perfection the culture of many of the best productions of the earth have been brought in France; when I reflect on the excellence of her manufactures and fabrics, second to none but ours,, and in some particulars not second ; when I contemplate the grand foundations of charity, public and private ; when I survey the state of all the arts that beautify and polish life; when I reckon the men she has bred for extending her fame in war, her able statesmen, the multitude of her profound lawyers and theologians, her philosophers, her critics, her historians and antiquaries, her poets, and her orators 6

sacred

sacred, and profane, I behold in all this somies thing which awes and commands the imagination, which checks the mind on the brink of precipitate and indiscriminate censure, and which des mands, that we should very seriously examine, what and how great are the latent vices that could authorise us at once to level so specious a fabric with the ground. I do not recognize, in this view of things, the despotism of Turkey. Nor do I discern the character of a government that has been, on the whole, so oppressive, or so corrupt, or so negligent, as to be utterly unfit for all reformation. I must think such a government well deserved to have its excellencies heightened; its faults corrected; and its ca

.. pacities improved into a British constitution.

Whoever has examined into the proceedings of that deposed government for several years back, cannot fail to have observed, amidst the incon stancy and fluctuation natural to courts, an earnest endeavour towards the prosperty and improvement of the country; he must admit, that it had long been employed, in some instances, wholly to remove, in many considerably to correct, the abusive practices and usages that had prevailed in the state; and that even the unlimited power of the sovereign over the persons of his subjects, inconsistent, as undoubtedly it was, with law and liber

yet been every day growing more mitigated in the exercise. So far from refusing itself to reformation, that government was open, with a censurable degree of facility, to all sorts of projects and projectors on the subject. Rather too much countenance was given to the spirit of innovation,

which

ty, had

O 2

( 196 ) which soon was turned against those who fostered it, and ended in their ruin. It is but cold, and no very flattering justice to that fallen monarchy, to say, that, for many years, it trespassed more by levity and want of judgment in several of its schemes, than from any defect in' diligence or in public spirit. To compare the government of France for the last fifteen or sixteen years with wise and well-constituted establishments, during that, or during any period, is not to act with fairness. But if in point of prodigality in the expenditure of money, or in point of rigour in the exercise of power, it be compared with any of the former 'reigns, I believe candid judges will give little credit to the good intentions of those who dwell perpetually on the donations to favourites, or on the expenses of the court, or on the horrors of the Bastile, in the reign of Louis the XVIth. Whether the system, if it deserves such a name,

built on the ruins of that antient monarchy, will be able to give a better account of the population and wealth of the country, which it has taken under its care, is a matter very doubtful.' Instead of iinproving by the change, I apprehend that a long series of years must be told before it can recover in any degree the effects of this philosophic revolution, and before the nation can be replaced on its former footing. If Dr. Price should think fit,

years hence, to favour us with an estimate of the population of France, he will hardly be able to make up his tale of thirty millions of souls, as computed in 1789, or the assembly's computation of twenty-six millions of that year; or even

Mr. Necker's

now

a few

Mr. Necker's twenty-five millions in 1780. I hear that there are considerable emigrations from France; and that many quitting that voluptuous climate, and that seductive Circean liberty, have taken refuge in the frozen regions, and under the Briti97, despotism, of Canada.

In the present disappearance of coin, no person could think it the same country, in which the present minister of the finances has been able to discover fourscore millions sterling in specie. From its general aspect one would conclude that it had been for some time past under the specia direction of the learned academicians of Laputa and Balnibarbi✷. Already the population of Paris has so declined, that Mr. Necker stated to the national assembly the provision to be made for its subsistence at a fifth less than what had formerly been found requisite. It is said (and I have never heard it contradicted) that an hundred thousand people are out of employinent in that city, though it is become the seat of the imprisoned court and national assembly. Nothing, I am credibly informed, can exceed the shocking and disgusting spectacle of mendicancy displayed in that capital. Indeed, the votes of the national assembly leave no doubt of the fact. They have lately appointed a standing committee of mendicancy. They are contriving at once a vigorous police on this subject, and, for the first time, the imposition of a tax to maintain the poor, for whose present relies great sums appear on the face of the public accounts of the

* See Gulliver's Travels for the idea of countries governed by philosophers,

year,

Q 3

1

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