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• Abbreviations
• 437.: Ricardo to Trower1[reply to 435.—ANSWERED By 445]
• 438.: Mill to Ricardo1[answered By 441]
• 439.: Ricardo to Mcculloch1[answered By 474]
• 440.: Malthus to Ricardo1[answered By 442]
• 441.: Ricardo to Mill1[reply to 438.—ANSWERED By 448]
• 442.: Ricardo to Malthus1[reply to 440.—ANSWERED By 443]
• 443.: Malthus to Ricardo1[reply to 442.—ANSWERED By 444]
• 444.: Ricardo to Malthus1[reply to 443.—ANSWERED By 455]
• 445.: Trower to Ricardo1[reply to 437.—ANSWERED By 447]
• 446.: Say to Ricardo1[reply to 430.—ANSWERED By 488]
• 447.: Ricardo to Trower1[reply to 445.—ANSWERED By 456]
• 448.: Mill to Ricardo1[reply to 441.—ANSWERED By 449]
• 449.: Ricardo to Mill2[reply to 448.—ANSWERED By 450]
• 450.: Mill to Ricardo2[reply to 449.—ANSWERED By 453]
• 450a.: Place to Ricardo1[answered By 451]
• 451.: Ricardo to Place1[reply to 450a]
• 452.: Ricardo to Murray1
• 453.: Ricardo to Mill1[reply to 450]
• 454.: Ricardo to Malthus1[answered By 455]
• 455.: Malthus to Ricardo3[reply to 444 & 454.—ANSWERED By 458]
• 456.: Trower to Ricardo2[reply to 447.—ANSWERED By 461]
• 457.: Ricardo to Wheatley1
• 458.: Ricardo to Malthus1[reply to 455.—ANSWERED By 459]
• 459.: Malthus to Ricardo1[reply to 458.—ANSWERED By 460]
• 460.: Ricardo to Malthus1[reply to 459.—ANSWERED By 462]
• 461.: Ricardo to Trower1[reply to 456.—ANSWERED By 466]
• 462.: Malthus to Ricardo2[reply to 460.—ANSWERED By 463]
• 463.: Ricardo to Malthus1[reply to 462.—ANSWERED By 467]
• 464.: Ricardo to Mill1[answered By 469]
• 465.: Tooke to Ricardo1
• 466.: Trower to Ricardo3[reply to 461.—ANSWERED By 471]
• 467.: Malthus to Ricardo2[reply to 463.—ANSWERED By 468]
• 468.: Ricardo to Malthus1[reply to 467]
• 469.: Mill to Ricardo2[reply to 464.—ANSWERED By 470]
• 470.: Ricardo to Mill2[reply to 469]
• 471.: Ricardo to Trower2[reply to 466.—ANSWERED By 478]
• 472.: Ricardo to Mcculloch 2
• 473.: Ricardo to Mill1
• [enclosure: Ricardo’s Notes On Mill’s Elements of Political Economy]
• 474.: Mcculloch to Ricardo2[reply to 436 & 439.—ANSWERED By 476]
• 475.: Maria Edgeworth to Ricardo2
• 476.: Ricardo to Mcculloch1[reply to 474.—ANSWERED By 479]
• 477.: Maria Edgeworth to Ricardo1
• 478.: Trower to Ricardo2[reply to 471.—ANSWERED By 481]
• 479.: Mcculloch to Ricardo2[reply to 476.—ANSWERED By 483]
• 480.: Mcculloch to Ricardo1[answered By 483]
• 481.: Ricardo to Trower1[reply to 478]
• 482.: Ricardo to Sinclair1
• 483.: Ricardo to Mcculloch2[reply to 479 & 480.—ANSWERED By 484]
• 484.: Mcculloch to Ricardo3[reply to 483.—ANSWERED By 486]
• 485.: Mcculloch to Ricardo1[answered By 486 & 491]
• 486.: Ricardo to Mcculloch1[reply to 484 & 485.—ANSWERED By 495]
• 487.: Ricardo to Trower1
• 488.: Ricardo to Say1[reply to 446.—ANSWERED By 496]
• 489.: Ricardo to Foster2
• 490.: Ricardo to Trower1
• 491.: Ricardo to Mcculloch2[reply to 485.—ANSWERED By 495]
• 492.: Ricardo to Trower2
• 493.: Ricardo to Hodgson1
• 494.: Ricardo to Mcculloch1
• 495.: Mcculloch to Ricardo1[reply to 486 & 491.—ANSWERED By 497]
• 496.: Say to Ricardo2[reply to 488]
• 497.: Ricardo to Mcculloch3[reply to 495]
• 498.: Say to Ricardo1
• 499.: Ricardo to Trower1
• 500.: Ricardo to [cowell]1
• 501.: Ricardo to Trower1
• 502.: Ricardo to Maria Edgeworth1[answered By 510]
• 503.: Mcculloch to Ricardo1[answered By 504]
• 504.: Ricardo to Mcculloch2[reply to 503]
• 505.: Ricardo to Mill1
• 506.: Ricardo to Mill1
• 507.: Ricardo to Mill1
• 508.: Ricardo to Mill1
• 509.: Ricardo to Mill1
• 510.: Maria Edgeworth to Ricardo2[reply to 502.—ANSWERED By 511]
• 511.: Ricardo to Maria Edgeworth1[reply to 510.—ANSWERED By 514]
• 512.: Ricardo to Trower1
• 513.: Ricardo to Malthus3
• 514.: Maria Edgeworth to Ricardo2[reply to 511.—ANSWERED By 515]
• 515.: Ricardo to Maria Edgeworth1[reply to 514]
• 516.: Ricardo to Mill1
• 517.: Ricardo to Trower1
• 518.: Mcculloch to Ricardo1[answered By 520]
• 519.: Maria Edgeworth to Ricardo2extract of a Letter From Paris
• 520.: Ricardo to Mcculloch1[reply to 518]
• 521.: Ricardo to Goldsmid2
• 522.: Ricardo to Mill1
• 523.: Ricardo to Malthus3
• 524.: Ricardo to Mcculloch2[answered By 526]
• 525.: Ricardo to Grote1
• 526.: Mcculloch to Ricardo1[reply to 524]
• 527.: Trower to Ricardo3[answered By 533]
• 528.: Ricardo to Maria Edgeworth1
• 529.: Ricardo to Malthus1
• 530.: Ricardo to Mcculloch1[answered By 541]
• Blake to Mcculloch1
• 531.: Ricardo to Malthus1[answered By 532]
• 532.: Malthus to Ricardo2[reply to 531.—ANSWERED By 536]
• 533.: Ricardo to Trower2[reply to 527.—ANSWERED By 547]
• 534.: Trower to Ricardo2[answered By 535]
• 535.: Ricardo to Trower1[reply to 534.—ANSWERED By 547]
• 536.: Ricardo to Malthus1[reply to 532.—ANSWERED By 540]
• 537.: Ricardo to Mill1[answered By 539]
• 538.: Ricardo to Mcculloch1[answered By 541]
• 539.: Mill to Ricardo3[reply to 537.—ANSWERED By 548]
• 540.: Malthus to Ricardo1[reply to 536.—ANSWERED By 542]
• 541.: Mcculloch to Ricardo1[reply to 530 & 538.—ANSWERED By 543 & 544]
• 542.: Ricardo to Malthus1[reply to 540.—ANSWERED By 545]
• 543.: Ricardo to Mcculloch1[reply to 541]
• 544.: Ricardo to Mcculloch1[reply to 541.—ANSWERED By 546]
• 545.: Malthus to Ricardo1[reply to 542.—ANSWERED By 550]
• 546.: Mcculloch to Ricardo1[reply to 544]
• 547.: Trower to Ricardo1[reply to 533 & 535.—ANSWERED By 549]
• 548.: Ricardo to Mill1[reply to 539]
• 549.: Ricardo to Trower1[reply to 547.—ANSWERED By 551]
• 550.: Ricardo to Malthus1[reply to 545]
• 551.: Trower to Ricardo1[reply to 549.—ANSWERED By 553]
• 552.: Ricardo to Mill1
• 553.: A. Austin to Trower1[reply to 551]
• 544.: A. Austin to Trower2
• 555.: Mill to Mcculloch1

501.

ricardo to trower1

My Dear Trower

I am told that nothing has been laid before the H of Commons in the present Session, respecting the Poor Rates. There is a committee sitting on Poor Rates Returns, but they have not yet made their Report.

Mr. Mill is acquainted with the Editor of the Chronicle2 —I have given your letter to him with a view to get it inserted in the above paper; he will speak to the Editor on the subject, but he has doubts whether so long a letter can be inserted, at the present time, when the Parliamentary proceedings engross so large a portion of the paper.3 —I have read your letter, and agree with the greatest part of it. I am much flattered by the approbation you express of my plan of bullion payments. You estimate the coin in circulation previous to 1797 higher than I think it really was. The whole amount of circulation, at the present moment, both in London and the country, does not probably much exceed 32 millions, of which there are nearly 16 millions of Bank of England notes of 5 pounds and above, 7,500,000 of sovereigns, and nine millions of country Bank notes. If this be true there has been little or no falling off in the amount of Bank of England notes and coin together since 1819, but country Bank notes have diminished to the amount of 7,500,000£, and if we could get returns it would I think be found to be confined chiefly to the Agricultural districts;—it is nevertheless a great reduction.

If paper money displaced 20 millions of notes the whole profit from the interest of 20 millions was not enjoyed by the Bank of England, the country Banks participated in the advantage.—By a return laid before the H of Commons more than 19 millions of sovereigns have been coined since 1817. During the period that the Bank so foolishly issued coin, when it was advantageous to export it, they got rid of 5 millions of sovereigns,1 so that if these were all exported more than 14 millions of sovereigns must now be in the country. Besides this quantity of gold it is probable the Bank may have a tolerable supply of bullion, and perhaps also some guineas. How badly has this business been managed! We might safely, even with payments in coin, dispense with 3 millions of gold since we are to maintain the 1 and 2 £ circulation in the country.—

On tuesday, Mr. Western brings forward his motion respecting Mr. Peel’s bill, I am very much interested in that discussion.2

Mrs. Ricardo unites with me in begging our kind remembrances to Mrs. Trower.

Y^rs. very truly

David Ricardo

London 9 June 1822

If your letter is inserted I will send you the paper.—

[1 ]MS at University College, London.—Letters to Trower, LVIII.

[2 ]John Black, editor and manager of the Morning Chronicle since the death of James Perry in 1821; ‘a particular friend of my father,’ says J. S. Mill, ‘imbued with many of his and Bentham’s ideas, which he reproduced in his articles....Black was one of themost influential of the many channels through which my father’s conversation and personal influence made his opinions tell on the world’ (Autobiography, pp. 89–90).

[3 ]Trower’s letter was not published.

[1 ]In the months of April and September 1817. (See Tooke’s History of Prices, vol. ii, p. 51.)

[2 ]See above, V, 198.