pound of silver, and then allowing for the difference in value since that time, will make near twelve millions of our money.  This account, coming from such an authority, has been copied without examination by all the succeeding historians.  If we were to admit the truth of it, we must entirely change our ideas concerning the quantity of money which then circulated in Europe.  And it is a matter altogether monstrous and incredible in an age when there was little traffic in this nation, and the traffic of all nations circulated but little real coin, when the tenants paid the greatest part of their rents in kind, and when it may be greatly doubted whether there was so much current money in the nation as is said to have come into the king’s coffers from this one branch, of his revenue only.  For it amounts to a twelfth part of all the circulating species which a trade infinitely more extensive has derived from sources infinitely more exuberant, to this wealthy nation, in this improved age.  Neither must we think that the whole revenue of this prince ever rose to such a sum.  The great fountain which fed his treasury must have been Danegelt, which, upon any reasonable calculation, could not possibly exceed 120,000_l._ of our money, if it ever reached that sum.  William was observed to be a great hoarder, and very avaricious; his army was maintained without any expense to him, his demesne supported his household; neither his necessary nor his voluntary expenses were considerable.  Yet the effects of many years’ scraping and hoarding left at his death but 60,000_l._,—­not the sixth part of one year’s income, according to this account, of one branch of his revenue; and this was then esteemed a vast treasure.  Edgar Atheling, on being reconciled to the king, was allowed a mark a day for his expenses, and he was thought to be allowed sufficiently, though he received it in some sort as an equivalent for his right to the crown.  I venture on this digression, because writers in an ignorant age, making guesses at random, impose on more enlightened times, and affect by their mistakes many of our reasonings on affairs of consequence; and it is the error of all ignorant people to rate unknown times, distances, and sums very far beyond their real extent.  There is even something childish and whimsical in computing this revenue, as the original author has done, at so much a day.  For my part, I do not imagine it so difficult to come at a pretty accurate decision of the truth or falsehood of this story.

The above-mentioned manors are charged with rents from five to an hundred pounds each.  The greatest number of those I have seen in print are under fifty; so that we may safely take that number as a just medium; and then the whole amount of the demesne rents will be 70,000_l._, or 210,000_l._ of our money.  This, though almost a fourth less than the sum stated by Vitalis, still seems a great deal too high, if we should suppose the whole sum, as that author does,