consequence of this situation, which must be owned to be disadvantageous, was that in a course of three years the current money of Ireland from £500,000 was reduced to less than two; and at present, I suppose, in a course of thirty years, it is absolutely nothing. Yet I know not how {p53} that opinion of the advance of riches in Ireland, which gave the Doctor so much indignation, seems still to continue and gain ground with everybody.
In short, this apprehension of the wrong balance of trade appears of such a nature that it discovers itself wherever one is out of humour with the ministry, or is in low spirits; and as it can never be refuted by a particular detail of all the exports which counterbalance the imports, it may here be proper to form a general argument which may prove the impossibility of that event as long as we preserve our people and our industry.
Suppose four-fifths of all the money in Britain to be annihilated in one night, and the nation reduced to the same condition, with regard to specie, as in the reigns of the Harrys and Edwards, what would be the consequence? Must not the price of all