Page:An answer to a pamphlet, intitled, "Thoughts on the causes and consequences of the present high price of provisions" in a letter, addressed to the supposed author of that pamphlet.djvu/11

( 9 ) since the commencement of the last war. That is, there are now in the kingdom thirty pounds for every twenty that were in it in the year 1700, and for every twenty-five that were in it in the year 1754. That the quantity of money in the world is daily increasing, and of consequence its value decreasing, is a fact that will admit of no doubt, because there are fresh supplies daily coming from the mines, which are converted either into plate or specie. You cannot, however, possibly mean, that the sudden increase of our riches is owing to this general and slowly-operating cause, whose effects, tho' certain, are always insensible in heightening the price of Provisions. But the opulence, you say, of the present times, proceeds "from the immense riches daily flowing in from our commerce, extended over every quarter of the globe, and from the new channels of trade opened with America." To what new quarters of the globe we have of late extend- ed