The British Press; or, Morning Literary Advertiser.
London, England, 1822-03-04 00:00:00

'Nibs ,

tzi ;loony -dtseilier

then why , Liverpool Mirk this emerstioawhy
dem he SS toy that prices are I. prop/rinse to the quantity
017 OWN acid qamelity et prodece, mod as paper
Da dimialshal tharoghatit all Europe, that the diverges
ocesisloned, not becalms modem is i d, sad
Isteamei an the same, hat because mosey is decreamd,
Mad lommos are deemosed with it? The real fact is,
lord Uverpeol does sot mairrstasal the subject of caress-
er ; he it ma sellielmoly aware that a dimiemilois of err.
wary moos a dieriaatioo of prices—lt Is a Yew subjeet to
hitres.4t M met a snap, as Burke says, os the ile--mooey was
(.rawly left m issel4 to Gad its way is mid est of a country
as it mold. There .0 no law, the operatic* of which puloos
galena uni•ery that remelts from a detreate of airmey, or the
peormerity that resolt• from Its increase. Ignoring, therefore,
atlas distress that would , he set stoutly to lima so
tleerense the currency, and brlng in gold; sway dew
parer alth the weep of a hawk, god its came gold Lids
the wings of an owl—she paper inches west away by thou-
seeds, het the gold Mathes ealy mane le by Medved.. There
was • &Greece is the whole .rites., of titer corvette, to the
email of a Mild, sad prices cortsequestly fell a third; but
if Lord Liverpool were to acknowleiles that prices fell froas
a deeredse of namey, he must acknowledge himself ignorant
rather effects of Mr. Peel's Bill, as he samat a* such result
to take place, sod weer did • Prime Magian ever ukase,.
kt • his imtoianee?
But to narrow this argument to ear own hiked. Lord U.
verpool toys that our corn is itierootod. Bat bow does he
show it ? Not by foreign impure, toe we have had nese fur
them last three years. Bat look, he tells .e, m the Irish
impale. Here lam sorry to observe, that if Lord Liver.
peel it sot deceived himself, be has tried to deceive his
eltiletry. He says, the imports from !reload amounted last
par to 7,500,000 quariers ; nut, however, of wheal, but of
eats; midst our manufacturers have not yet began to eat
bale, libestgla they seen sissy, I know not hoes the introder-
Neal 1111Fakis tea lower the price of wheat. Them iseer-
• t small proportion of wheat, but nothieg like so
atialSea whet we imported from America and the Cootiocut
eliealasmiard against importatior was seised to 80s.
leasls the fact of abundance made out, since it is
gent I ham the total eaclosion of foreign grain, that
we Idle au had to nateeh these last nese years as the Moe
yretelvittediog? Try again, my Lord; do out give it mO.-.•
It is not may elate, therefore, time there has bete so ahem.
dance, bet it is equally clear,if the harvests had Iwo. .bum.
dant, that them would have een au diatom, as the (osiers
woold have made the same income as before, the lacteal*
I the quantity of cure making up fur the decrease is the
price.
It &float' therefore, as a necessary eunarqueoce, that the
low prices of this (votary, end the low p.ier• of the rest of
Europe. have prureeded from rutting up she paper system
that recruited th.wegli every part of Europe chair( the use.
If erotism, remises the ease, mud murrey decreases, piers
will fall Just as much as if motley remaised the same seed
produce luereased. And the whole mistake of Loud Liver.
pool consists in his asserting that produce Is sacmased,
stead of that mosey is divers...J.
Hers then roses the rul.—Why was our paper system cut
op? Tu bring Is gold. Beet could not gold have hero brought
iu without ruttier it up ? Could nut Lord Liverpool bsve
kept our paper as it was, and waited till the value of gold
was brought down to the value ..f color paper, by the produce
of She American misses, and then have seaweed cash pay.
aunts? This might have been done; but Drs Oiler Orson
eat," and Apollo enveloped Lord Liverpool's head in • mist,
so that he could sot see this. At the same 011ie every body
called fur gold—every.hody said, Decrease your paper and
being io gold'" 110 one know that by I mg paper, priers
would fall, end units could nut be paid. No one foresaw
the distress that would ensue, so paper was sod is
cuss the gold, sod let came "bend Pair clasdo" th.
distress.
Let Lord Liverpool then come down to the House and
avow the trick of Apollo. Let him say, "1 was not aware
that by lemeniog the amount of our paper to raise it op to
the value of gold, I should have loomed prices lo the wily
that I hove dose, and produced all Ibis Ives of income mud
misery. I will therefore go back to the sone assaiel of
paper as la 1813 nod 1813, mid keeping paper at that
smogs', without aity increase, will wait till the America*