The spendthrift is nature’s own child. She does not like the accumulation of large masses of wealth in the hands of a few individuals. When the maker of a family succeeds in amassing a fortune, it often happens that in the third or even in the second generation a spendthrift appears and scatters the whole wealth. But for this agent of nature the circulation of wealth would be clogged. What is true of individuals is also true of nations. When a nation, by industry or otherwise, amasses and hoards up wealth – thus clogging the wheel of the world’s industry the working of which depends on the continual circulation of money – robber nations appear on the scene and set the imprisoned wealth at liberty. Warren Hastings, Clive and Mahmud are the representative types of such nations which are unconscious agents of nature in the advancement of world’s industry. The robbery of Warren Hastings finds its true explanation in the history of the European currencies in the seventeenth and eighteenth centuries.