The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-11-20 00:00:00

1856,

NOVEMBER 20, 1855 .]

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one of the paradoxes to which Free Trade has given
Ilse. Something may be owing to the improved cir-
enmstances of the farmers, who are no longer driven
by necessity to sell, and can better afford to keep
'wheat in ricks than speculators can afford to pay
livaretouse rent. something also may be owing to
the large amount of Greek capital invested in this
e"litedity, by which the holders are enabled to make
a Profit out of the demand created by necessity. Itis
°lle of the unforeseen consequences of Free Trade,
and perhaps it is but a fitting retribution that, as the
satifacturers sought to benefit themselves ac the
- t!ptteenprseofiotf,
and
the agriculturists, the lattu should derive
the former experience the loss from
change.the ordinary
effect of war has been to restrict our
e
t!liThaerce, and, by imposing on it heavy charges for pro-
'etion against the enemy, to enhance prices ; but the
I)etescnt war has had almost a contrary effect, for our
atillx'rts instead of diminishing have rather increased;
so far from the war having lessened our supplies
ikeyen the produce of Russia, they are brought into
s co
nntry through Prussia, in open defiance of the
litkB4le of the Russian ports in the Baltic, which the
it44isters told Parliament was rigorously maintained.
ease occurred but last week before a London police
:strate, in which a man was charged with stealing
°7, when the wharfinger declared that tallow was
re ~allY bought in Petersburg on English account,
PrusfOr with English gold, and forwarded through
put a "; so that all the expense of the Baltic fleets to
beeaus stop to Russian commerce is literally wasted,
neuraue 47ossia is allowed to preserve a convenient
ttel/,'' and the extra cost has to be borne by
consumers.
we hal,
e recently also witnessed a monetary crisis,
donblell the ordinary rate of discount has been nearly
Prepioel,cl;. and though- such a circumstance has in
kola -as instances been accompanied by a fall in mar-
ees-mearness of money causing cheapness of other
k
toodities—we have here another paradox, for as
1,01711 as advanced in value almost every other corn-
ratty has risen in price in an equal if not greater
eo:;;;rass to bid defiance to ordinary calculations.
the
may well complain, as well as wonder, at
.and
1'41)4 rise which has lately taken place in the price
alollgar, with advances also in the value of tea, coffee,
‘i other, articles ; but, we believe, that the extreme
tZ been passed, and it is not at all improbable but
th t the descent may be as rapid as the rise, and that
11°,.se who have been counting on large profits from
ealised stock may soon discover their anticipated
1414 only represented upon paper. Sugar is not so
tltiilch a necessary of life as to be indispensable ; high
latices Will not only diminish consumption but stimu-
ktre importations, so that the reaction, which has
f_eadY commenced, may not only be rapid, but not
•gr distant.
about twenty years since, the alteration in
tt-eraa'44t India Company's charter threw open the
-e With into
p the English merchants rushed
e
:11a,rket, and, competing with one another for sup-
and
aginactually bought in the -clearest market ;
up the same spirit .of competition at
the high rate of
thee' 'sold in the cheapest market.; thus reversing
that
'varanted policy of Sir ROBERT PEEL, and proving
`roe-trade is not always
lad
unlesse in the sugar productive of profit. The
resultri
market may produce a similar
`43,0
our merchants operate with caution, to
1;
blent
o.nlVforeei interest may act as an induce-
glinaveUnfnrtunately been too much depend-
°Wll "I°/lie
labo • • supplies, to the neglect and ruin of our
s;all
and so long as the produce of slave-
ofln Is
five-iab and
so
enter into competition with that
°llr--to accomplish'which such heavy sacri-
ees were mada
such , e—we cannot expect to be exempt from
sudden fluctuations as that lately experienced.