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1821
Letter VII Religion
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The state of things therefore in which from an established Priesthood the Government can have any thing in the way of hostility to apprehend is but a forced and necessarily a temporary state of things. It is no other than that state in which a good or less bad government has recently suceeded to a worse: to a worse government with which the order of men in question was, as of course it could not but be, in connection, deriving from it a greater quantity of the external instrument of felicity than it could hope to enjoy under the recent and less beneficent or harmonious[?] form of Government. /In this state of things/ So long therefore as in its view of the matter a prospect remains of the restoration of the excluded bad government its affections[?] and endeavours will continue to be /operate/ on the side and in the endeavour to restore that same excluded government. But no sooner is it in their eyes sufficiently manifest that all hope of seeing the supremely bad government is at an end than they will go over and adhere to the Executive branch of the existing Government whatever it be: of the matter of wealth and of all other instruments of felicity whatsoever is the quantity in their hands, will be added to whatever stock of that same matter is in the possession of the temporal functionaries and in conjunction with it will be employed in the corruption and seduction of the peoples representatives and agent, and in establishing along with them a partnership interest employed in the giving continual encrease of /to/ the quantity of the matter[?] of wealth extracted out of the produce of the labours of the productive classes, and employed in giving encrease to the enjoyments of these productive and non-productive classes.
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Title: [1818. Novr. 24. Official Economy]Description: 1818. Novr. 24. Official Economy Ch Expence minimized Patriotic auction ? Objection - Poor excluded. Of the exclusion thus undesignedly applied were peremptory and unsurmountable acting as in the case of Hindoo and European feudal Casts upon all individuals placed by birth in certain classes, the objection might indeed operate with a weight which it has been seen does not belong to it. But the case thus supposed has no existence. By whatsoever means acquired, let but a man possess the requisite quantity of wealth the bar by which he is excluded is removed. In the very nature of things in so far as to the possession of any object the possession of a certain quantity of the matter of wealth is necessary all persons not in possession of this necessary quantity of the means of purchase, stand excluded from the possession of the subject of purchase. But in this case the exclusion is the work of the inexorable nature of things not of any unjust or impolitic law: the work of nature not of law. If on the ground of want of nobility of birth, or want of conformity to a religion by law established all persons thus deficient were excluded by law from the faculty of concluding their repast by pine Apples here would be injustice. In point of fact under every European Government with the exception of a very few all persons do stand excluded from the faculty of participating in so eminently expensive a gratification. But the exclusion being here the work not of law but of Nature here is no injustice.
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Title: [[Recapitulation] 11 Oct 1801]Description: [Recapitulation] 11 Oct 1801 Alarm Ballance Recapitulation II. 2 Wealth Encrease True Cause & Measure The terms of the proportion, upon which the encrease of real wealth depends are 1 Quantity of labour employd in encreasing the sources of wealth 2 Quantity of labour employ’d in drawing wealth in the shape of […?] of quick consumption from these sources. 16 That the only case in which any encrease in the national stock of money could be productive of any good is the case were it /who/ did not encrease to an amount beyond the encrease in the mass of real wealth: and that even then it would not be productive of any encrease in the mass of real wealth-soever by the supposition that encrease would be produced without it: and that good care[?] acts[?] in the prevention of sure evil not considerable enough to be worth regarding - an evil /inconvenience/ scarce sensible. 17 That in all cases the encrease of the quantity of money in a nation is productive of either no effect or a bad one. And that no bad effect can in any case follow from the stoppage of such encrease. 19 That to be able to be employ’d to advantage by government in its intercourse with foreign governments or nations, it ought to be so circumstanced as to be taken out of the circulation in large masses without taking away from any part of the people the faculty of fulfilling their previous /antecedent/ pecuniary engagements: and that this can not be done if it be taken from the mass of circulation: it can not be done by any mass of money which has not been hoarded up by government for that purpose in the form of a public treasure. 20 That if all governments were to stop the further encrease of money in their respective dominions, they would not add thereby to the stock of real wealth in the commercial world: since the labour now employd in producing the annual augmentation of the stock of the pretious metals rendered useless by being converted into money, would be employd either in producing a like /equal/ augmentation either in the stock of those metals in their useful state, or in the stock of other things. 21 That any one such government has it in its power to produce the effect to the amount of what would otherwise be the annual augmentation of its coinage 21 coinage, without the co-operation of any other government, without suffering any prejudice by the pursuit of the opposite portion[?] on the part of the other governments its friends enemies or rivals. Adam Smith 22 That Adam Smith was in a mistake when he considered That it was a mistaken notion on the part of Adam Smith that the institution of paper money was productive of any encrease of real wealth in the commercial world in order of the metallic money expelled by it, if any had been expelled by it. Supposing it expelled from the country it must have produced A. Smith 22 produced an addition to the money of other countries, unless it were expelled out of the world But if each country had its paper money each country would thus expell metallic money with all others, and even without owning[?] any from other countries any metallic money expelled by /from/ those countries by the paper money of those countries, our own metallic money supposing it for the moment to have been expelled from it by our own paper, would in time have flowed back into this from those other countries into which it had been expelled. 23 One who assumes in all cases the encrease of real wealth as an /a necessary/ effect of the encrease of money, will sometimes /in most cases/ conclude right: because as we have seen in all common cases in the cases that occurr in private life encrease of money is encrease of real wealth. Having thus a daily /continual/ confirmation of the truth of the proposition before his eyes it is not without extream difficulty that any man even at the situation of a stableman will be able to bring himself to make one exception to it in three in which it requires exceptions to bring it within the bounds of truth. 24 A Minister sees in every pecuniary transaction of his life a Minister sees that the more money he has, he has the more wealth: the less money the less wealth. He sees[?] /feels[?]/ this in his own instance and sees it in the instances of all his friends. Let him see what he will, he will not see a single individual in whose instance this is not true. Can he bring himself to believe it - so much as to conceive it to be otherwise than true, in the instance of all individuals put together? And yet it is so: because in the influence of the several individuals they are taken separately and in each instance 24 instance - on each occasion the money of the individual in question on this occasion is supposed to experience the encrease - the money of other individuals not experiencing from the cause in question any such encrease. But if from that same cause the money of many other individual received the same encrease an encrease in the instance of each mass proportioned to that mass - then he would find that the proposition would not be true.
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Title: [[lxxxiv. 135] 1822 Feby 1 Codification]Description: [lxxxiv. 135] 1822 Feby 1 Codification Offer ultisso ?.5. Admission Universal ?.5. Members unapt In every country under every government by every set of rulers the sinister sacrifice will be carried on, and the quantity of it encreased, until it has arrived at the point of consummation The sinister sacrifice has arrived at the point of consummation when things are at that pass that by no encrease given to the quantity of the matter of wealth commanded to be paid [?], can any encrease be given to the quantity actually paid and employed in giving encrease to the quantity applied by the rulers to their own use: when no encrease can be given to the quantity of money raised by any encrease given to the quantity demanded and endeavoured to be exacted.
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