Note A2-2-11 — Chapter III

J. B. Say calculates from the English tariff-record (Zollregister), from the beginning of the 18th century to 1798, an excess of exports over imports of £347,000,000; and yet the highest estimates of the amount of money actually in England, according to Pitt and Price, gave only £47,000,000. (Traité, I, IV, 17.) The Russian lists of exports and imports from 1742 to 1797, show a favorable balance of 250,000,000 rubles; to which must be added 88,000,000 rubles taken from the mines during the same time. But it is notorious that the stores of money diminished. Storch, Gemälde des russischen Reiches, XI, 12.