Page:William Petty - Economic Writings (1899) vol 1.djvu/406

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Political Arithmetick.

the whole might earn sixty five Millions per annum, that |[106]| is twenty five more than the expence.

The Author of the State of England, says that the Children of Norwich, between six and sixteen years old, do earn 1200l. per annum, more than they spend[1]. Now forasmuch as the People of Norwich, are a three hundredth part of all the People of England, as appears by the Accompts of the Hearth mony; and about a five hundredth part, of all the Kings Subjects throughout the World; it follows that all his Majesties Subjects, between six and sixteen years old, might earn five Millions per annum more than they spend.

Again, forasmuch as the number of People, above sixteen years old, are double the number, of those between six and sixteen; and that each of the Men can earn double to each of the Children; it is plain that if the Men and Children every where did do as they do in Norwich, they might earn twenty five Millions per ann. more than they spend: which estimate grounded upon matter of Fact and Experience, agrees with the former. |[107]|

Although as hath been proved, the People of England do thrive, and that it is possible they might Superlucrate twenty five Millions per annum; yet it is manifest that they do not, nor twenty three, which is less by the two Millions herein meant; for if they did Superlucrate twenty three Millions, then in about five or six years time, the whole Stock, and Personal Estate of the Nation would be doubled, which I wish were true, but find no manner of reason to believe; wherefore if they can Superlucrate twenty five, but do not actually Superlucrate twenty three, nor twenty, nor ten, nor perhaps five, I have then proved what was propounded, viz. That there are spare Hands among the Kings Subjects, to earn two Millions more than they do.

But to speak a little more particularly concerning this matter: It is to be noted that since the Fire of London,

  1. Chamberlayne, State of England, Second part, 1671, pp. 150—151. "In the City of Norwich it hath of late years been computed and found, that yearly children from six to ten [not 16] years of age have gained twelve thousand pounds more than what they spend, and that chiefly by knitting fine Jersey stockings."