An History of Birmingham (1783) by William Hutton
page 74 of 347 (21%)
page 74 of 347 (21%)
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of things. We know of nothing, either in the natural or moral world,
that continues in the same state: From a number of instances that might be adduced, permit me to name one--that of money. This, considered in the abstract, is of little or no value; but, by the common consent of mankind, is erected into a general arbitrator, to fix a value upon all others: a medium through which every thing passes: a balance by which they must be weighed: a touchstone to which they must be applied to find their worth: though we can neither eat nor drink it, we can neither eat nor drink without it.--He that has none best knows its use. It has long been a complaint, that the same quantity of that medium, money, will not produce so much of the necessaries of life, particularly food, as heretofore; or, in other words, that provisions have been gradually rising for many ages, and that the milling, which formerly supported the laborious family a whole week, will not now support it one day. In times of remarkable scarcity, such as those in 1728, 41, 56, 66, and 74, the press abounded with publications on the subject; but none, which I have seen, reached the question, though short. It is of no consequence, whether a bushel of corn sells for six _pence_, or six _shillings_, but, what _time_ a man must labour before he can earn one? If, by the moderate labour of thirty-six hours, in the reign of Henry the Third, he could acquire a groat, which would purchase a bushel of wheat; and if, in the reign of George the Third, he works the same number of hours for eight shillings, which will make the same purchase, the balance is exactly even. If, by our commercial concerns with the |
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