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46.: ricardo to malthus1 - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 6 Letters 1810-1815 [1810]

Edition used:

The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 6 Letters 1810-1815.

Part of: The Works and Correspondence of David Ricardo, 11 vols (Sraffa ed.)

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


46.

ricardo to malthus1

My dear Sir

Having finished a table for the Hamburgh exchanges, similar to that which I have already sent you for Holland, I thought you might like to have a copy of it. In this as well as in the other the result is not quite satisfactory, for example; at the present time I believe the exchge. with Hamburgh is quoted 28/ and the price of dollars 6/11½. By the table it appears that with [such]2 a price of dollars, the exchge. at par would be 25/; consequently it is now unfavorable to Hamburgh 12 pct. —which appears to me to be excessively high. In fact, under the present circumstances, there can be no intercourse with Hamburgh, and the quotation must be only nominal.

Mrs. Ricardo and I leave London to-morrow early for Bradford,3 —from thence we intend going to Gatcomb4 and expect to be in town again on thursday. I hope we shall soon see you. With best wishes to Mrs. Malthus I am

My dear Sir Yours very truly

David Ricardo

Hamburgh
Price of a ducat or 53 grains of fine gold in marks BancoPrice of an oz of standard gold in flemish Shillings BancoPar of Exchge. with London in flemish shillings Banco pr. £ sterg. of goldCorresponding price of an oz of standard silver in London in PenceCorresponding price of an oz of standard gold in London in £ &ca.When the price of gold in London in Bank notes is pr. ozThe bullion par of exch ge. must be multiplied byWhen the price of dollars in London is pr ozThe par of exch ge in silver is
                            s. d.    
5.39119.3330.670.97    £40.9734. 11½35.08
5.45120.6630.9470.19    4. 1.9615. 134.22
5.51121.9931.2869.43    4. 2.9495. 2½33.39
5.57123.3231.6368.68    4. 3.9385. 432.61
5.63124.6531.9767.95    4. 4.9275. 5½31.87
5.69125.9832.3367.23    4. 5.9165. 731.15
5.75127.3132.6866.53    4. 6.9055. 8½30.47
5.81128.6433.0365.84    4. 7.8955. 1029.82
5.87129.9633.3765.17    4. 8.8855. 11½29.19
5.93131.2933.7264.51    4. 9.8756. 128.59
5.99132.6234.0763.86    4. 10.8656. 2½28.02
6.05133.9534.4263.23    4. 11.8566. 427.46
6.11135.2834.7662.61    4. 13.8386. 5½26.93
6.17136.6135.0862.—3.8934. 15.8206. 726.42
6.23137.9235.42    3.9314. 17.8036. 8½25.93
6.29139.2535.76    3.9684. 19.7966. 1025.46
6.35140.5736.11    4.0055.7796. 11½25
6.41141.8936.45    4.0435. 2.7647. 124.55
6.47143.2136.79    4.0815. 4.7497. 224.13
6.53144.5437.14    4.1195. 6.735        
6.59145.8637.48    4.1575. 8.721        
6.65147.1937.83    4.1955. 10.—.708        
6.71148.5138.18    4.233When dollars are 4/11½, standard is 2½ Pence more
6.77149.8438.52    4.270When 6/1 3 Pence more
6.83151.1738.87    4.308When 7/– 3½ Pence more
6.89152.539.22    4.346                

N.B. 3 marks are equal to 8 flemish shillings Banco

[1 ]Addressed: ‘To / The Revd. T. R. Malthus/East India College/ Hert-ford’.

MS at Albury.—Letters to Malthus, XIV.

[2 ]MS torn.

[3 ]In Wiltshire. The visit was no doubt in connection with the marriage of Ricardo’s daughter Henrietta to Thomas Clutterbuck, of Bradford Leigh, which took place on 17 Feb. 1814.

[4 ]Gatcomb Park, which he purchased later this year.