2l4f CIRCULATION OF THE CHAP. XXIV. 



million five hundred thousand pounds. It is only 

 by different modes of calculating, on subjects in 

 their own nature very doubtful, that we can arrive 

 at conclusions, which after all merely approximate 

 to accuracy. 



We give, however, in one view the state of the 

 coined money of Europe, deduced in the way here 

 adopted, as follows : 



The coin in existence at the be- 

 ginning of the year 1700, being 

 reduced by friction as stated in 

 page 192, would at the end of 

 1809 amount to . . . 226,000,000 



To this, if added, the produce of the 



mines . . . 880,000,000 



From which, deducted for the trade 



of Asia, two-fifths . .352,000,000 



528,000,000 



We suppose of this that two-thirds 

 was applied to other purposes than 

 coin .... 352,000,000 



There would remain for coin 176,000,000 



From which must be deducted for 



wear on that quantity in the 



period of one hundred and ten 



years . . . . 22,000,000 



154,000,000 



Leaving as the stock at the end of 



1809 .... 380,000,000 



If no material error has been made in this com- 



