Letters of David Ricardo to Thomas Robert Malthus, 1810-1823

David Ricardo · 1810-1823 (letters within the correspondence) primary

passage 30 of 172 · book to convince' them, namely his 'Thoughts and Details on the High (4/68)

in brief

Ricardo sends a table for Hamburg exchanges, argues that the quoted exchange makes intercourse with Hamburg impossible and the quotation merely nominal, and reports travel from London to Bradford and Gatcomb.

Table Key

A: Price of a ducat or 53 grains of fine gold in marks banco. B: Price of an oz. of standard gold in Flemish shillings banco. C: Par of exchange with London in Flemish shillings banco per £ sterling of gold. D: Corresponding price of an oz. of standard silver in London in pence. E: Corresponding price of an oz. of standard gold in London in £, etc. F: When the price of gold in London in bank-notes is per oz. G: The bullion par of exchange must be multiplied by H: When the price of dollars in London is per oz. I: The par of exchange in silver is

+----+-------+------+------+------+------------+----+---------+------+ | A | B | C | D | E | F | G | H | I | +----+-------+------+------+------+------------+----+---------+------+ | | | | | | £ s. d.| |s. d.| | |5·39|119·33 | 30·60| 70·97| | 4 0 0 |·973| 4 11-1/2| 35·08| |5·45|120·66 | 30·94| 70·19| | 4 1 0 |·961| 5 1 | 34·22| |5·51|121·99 | 31·28| 69·43| | 4 2 0 |·949| 5 2-1/2| 33·39| |5·57|123·32 | 31·63| 68·68| | 4 3 0 |·938| 5 4 | 32·61| |5·63|124·65 | 31·97| 67·95| | 4 4 0 |·927| 5 5-1/2| 31·87| |5·69|125·98 | 32·33| 67·23| | 4 5 0 |·916| 5 7 | 31·15| |5·75|127·31 | 32·68| 66·53| | 4 6 0 |·905| 5 8-1/2| 30·47| |5·81|128·64 | 33·03| 65·84| | 4 7 0 |·895| 5 10 | 29·82| |5·87|129·96 | 33·37| 65·17| | 4 8 0 |·885| 5 11-1/2| 29·19| |5·93|131·29 | 33·72| 64·51| | 4 9 0 |·875| 6 1 | 28·59| |5·99|132·62 | 34·07| 63·86| | 4 10 0 |·865| 6 2-1/2| 28·02| |6·05|133·95 | 34·42| 63·23| | 4 11 0 |·856| 6 4 | 27·46| |6·11|135·28 | 34·76| 62·61| | 4 13 0 |·838| 6 5-1/2| 26·93| |6·17|136·61 | 35·08| 62 | 3·893| 4 15 0 |·820| 6 7 | 26·42| |6·23|137·92 | 35·42| | 3·931| 4 17 0 |·803| 6 8-1/2| 25·93| |6·29|139·25 | 35·76| | 3·968| 4 19 0 |·796| 6 10 | 25·46| |6·35|140·57 | 36·11| | 4·005| 5 0 0 |·779| 6 11-1/2| 25 | |6·41|141·89 | 36·45| | 4·043| 5 2 0 |·764| 7 1 | 24·55| |6·47|143·21 | 36·79| | 4·081| 5 4 0 |·749| 7 2 | 24·13| |6·53|144·54 | 37·14| | 4·119| 5 6 0 |·735| | | |6·59|145·86 | 37·48| | 4·157| 5 8 0 |·721| | | |6·65|147·19 | 37·83| | 4·195| 5 10 0 |·708| | | |6·71|148·51 | 38·18| | 4·233| | | | | |6·77|149·84 | 38·52| | 4·270| | | | | |6·83|151·17 | 38·87| | 4·308| | | | | |6·89|152·50 | 39·22| | 4·346| | | | | +----+-------+------+------+------+------------+----+---------+------+

N.B.--3 marks are equal to 8 Flemish shillings banco. When dollars are 4s. 11-1/2d., standard is 2-1/2d. more. When 6s. 1d., 3d. more. When 7s., 3-1/2d. more.

XV.

[Addressed to Penr[h]yn Arms, Bangor, North Wales.]

LONDON, 26 June, 1814.

MY DEAR SIR,

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topics: trade, markets, and merchants · value, price, and exchange · voyages and seafaring

Letters of David Ricardo to Thomas Robert Malthus, 1810-1823 · David Ricardo · 1810–1823