29 Oct. 1800

Polit. Economy

6

This equality of exchangeable worth and value as between mass and mass - mass of

pecuniary wealth and mass of wealth not-pecuniary is at all times the same

whatever in quantity be at different the difference between the respective

masses. When by passing each particle of it upon an average three times in the

course of the year the single million weight of gold in circulation bought the

whole of the mass of non-pecuniary wealth in that year, it was worth the while

of that mass of non-pecuniary wealth: it gave to its several successive

possessors taken together the command of that whole mass. When by taking the

same course the two millions weight of gold gave to its successive possessors as

above the command of that same mass of non-pecuniary wealth (the latter mass by

the supposition not having received any encrease) the two millions weight of

gold was of the same worth and value in respect /as compared/ of non-pecuniary

wealth - gave to its successive possessors at the several successive periods the

command of the same quantity of non-pecuniary wealth, neither more nor less, as

the single million did before: this double mass being composed of two millions

weight, each million's weight was consequently at this second period worth but

half as much as the single millions weight was at the first period.