13
Mr. Pitt states the national capital of England, real and personal,
to be one thousand three hundred millions sterling, which is about
one-fourth part of the national capital of France, including Belgia.
The event of the last harvest in each country proves that the soil of
France is more productive than that of England, and that it can better
support twenty-four or twenty-five millions of inhabitants than that
of England can seven or seven and a half millions.
The thirtieth part of this capital of 1,300,000,000£ is
43,333,333£ which is the part that will revolve every year by deaths
in that country to new possessors; and the sum that will annually
revolve in France in the proportion of four to one, will be about one
hundred and seventy-three million sterling. From this sum of
43,333,333£ annually revolving, is to be subtracted the value of the
natural inheritance absorbed in it, which, perhaps, in fair justice,
cannot be taken at less, and ought not to be taken for more, than a
tenth part.
It will always happen, that of the property thus revolving by
deaths every year a part will descend in a direct line to sons and
daughters, and the other part collaterally, and the proportion will be
found to be about three to one; that is, about thirty millions of the
above sum will descend to direct heirs, and the remaining sum of
13,333,333£ to more distant relations, and in part to strangers.
Considering, then, that man is always related to society, that
relationship will become comparatively greater in proportion as the
next of kin is more distant, it is therefore consistent with civilization
to say that where there are no direct heirs society shall be heir to a
part over and above the tenth part due to society. If this additional
part be from five to ten or twelve per cent., in proportion as the next
of kin be nearer or more remote, so as to average with the escheats
that may fall, which ought always to go to society and not to the
government (an addition of ten per cent. more), the produce from the
annual sum of 43,333,333£ will be:
From 30,000,000£ at ten per cent.........................3,000,000£
From 13,333,333£ at ten per cent. with the addition
of ten per cent. more
2,666,666£
From 43,333,333£ ..... ........................................5,666,666£