Page:William Petty - Economic Writings (1899) vol 1.djvu/213

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Necessary Stock of Money.
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artizans and labourers, who receive and pay every Saturday, then 4052 parts of 1 Million of Money would answer those ends: But if the Circles be quarterly, according to our Custom of paying rent, and gathering Taxes, then 10 Millions were requisite. Wherefore supposing payments in general to be of a mixed Circle between One |14| week and 13. then add 10 Millions to 4052, the half of the which will be 5½, so as if we have 5½ Millions we have enough.

2. And thus I have shewed. That if one half of the Subjects of England (playing 78 days in the year) will earn 7 d. per diem all the rest of the days one with another; and if they would work 120 more, and spend 120 less, they might enable their King to maintain double the Forces he now doth, without suffering in the general more than many well affected persons do now through negligence, or mistakes in their particulars. Nor is Money wanting to answer all the ends of a well Policied State, notwithstanding the great decreases thereof, which have happened within these Twenty years.

Nor were it hard to substitute in the place of Money (were a comptency of it wanting) what should be equivalent unto it. For Money is but the Fat of the Body-politick, whereof too much doth as often hinder its Agility, as too little makes it sick. 'Tis true, that as Fat lubricates the motion of the Muscles, feeds in want of Victuals, fills up uneven Cavities, and beautifies the Body, so doth Money in the State quicken its Action, feeds from abroad in the time of Dearth at Home; even accounts by reason |15| of it's divisibility, and beautifies the whole, altho more especially the particular persons that have it in plenty.