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

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rte. Capital of every kind, except money,
had sunk, and was sinking in this proportion.
The labouring classes were benefited for a time,
hut when prices were adjusted to the new, or ra-
ther the ancient standard, now restored, they would
suffer in common with the rest. they would have
to labour for reduced wages, and pry the same no-
minal amount of taxes:
Mr. R7canoo said, that no person could he
more conscituta tama-laismsolf-of •elsmetitheulttetirc
-Me way of returning to cash payments. Ile had
lhndred hard, aml used every exertion in his power

int! so.* lead.variable measure of sale; her he
coold wet agree with his .Flon. Friends as to the
extent of obe•effeet iii the distresses .of agriculture,
which they attributed to the alteration of the eur- •
reney. Let them examine the subject more closely :
Suppose the taxation at 50 millions, deducting the
amount which is •absolutety necessary to the ma-
nagement of the Government, lake this som et
ten mullions, there would be forty niiNions oftrint.
lion, the operation of which might come into gang-
lion ; suppose the tenants to pay one-fourth (1
very extravagant seirposition), and the •whole in.
verse of taxation effected by alteriw.the unrreney
to be 25 per cent. this would give it saoo,oool. for the
augmented degree of taxation. Was it conceivable
that two.soillioas end a halEof new taxes, supposing
that tope the care, would account 'for the thstrebs
"hick was complained of ? Such s cease was to-
tally inadequate to •the disastrous effect* described.
Then look at the'landlorda. He did not deny that
the slteratioe had increased the burdens of the
landlords, as the burdens,of the fundholder and of
every other prams bed bees increased 'by it ; bet
if the tenantry had been reduced to such extreme!
distressonust .not the landlerds 'lnter •bren
feted in proportion if they extracted the rattle
rents as before ? Bad •thety nude any ullowsneetee
the tenant spiel to the aslitureeinnlie value of tire
currency? .At so, how •soald they henhstressed4j
.11 they. received 751. out of the 1001. and•the4M-1
liner *um mere equal in value no what the ' 'Mir!
used to be, in what way were they injured ?,
They said that they did not receive rents that the
!distress of ogricriltwee was an gem% that there was
uo surploant ell for yenta/Mei parieg labeler, hums,
and WWI rater. 11oriv•was itipmaihie far entomb to
swallow up the whole net peodooe d the tut&
He b-liesed that she :eat incrosse• of df
taxation since 1819, was more !howl° per cent.
Ile did not say that 10 per cent. wassail the burden
which agriculture had tot hear. 13. t there were
causes eitoogli to antoont for the distress of ago.
culture—among them were the obundance of re•
sterol good harvests, sod theimportowons from Ire-
land. But be feltconsolation.frnm thc,riestartr in
this state of things; be :was convinced that the
distress was too groat .to continue; it was coke
impossible that the surplus produce should coati-
/We nilly to provide Mum, tithes, and poor rotes.
lie did not approve of 'the Report df the A grieul-

tural Committee. The .fairer Report contained
some admirable propositiamh*The fiat bailor it was
full of as .excellent,niatinessever emeanted from
a Committee; it was fat no be placed by the side
of the Bullan.iteport, or the Report on the-Rank
offairs. it pointed. out two Isain•iniers of the dis-
tress. One .reason given was, that in seasons of
activity. when the farmer might eapect to indem-
nify himself for former low .priers, .the ports were
deluged with foreign grain. That ware ti-vertrwore
grievance, against which they hid no protretien
whatever. The second evil was, aliat in *roam of
plenty the nticea wets kabilieslly above the
foreigu prim*, *bat •it ,required the .loss of two or
three good. banana before grain would fell to
urn exitorting-prices All tine 01/1" 'well. What
was the .sioterence down iby the Committee
That imam as possible tatreaght .to enuJeavour
to approaclt each. • smile erfr wises es vroold be
nerdy on n level with those of the Coutitiest.' Were
that effected, upon any trivial fell caprices the tom
would be exported and the .distrets of the 'foram
would he soon remedied; Inn Amy Inaderemi.ell.
this by recommending a strewn of itaratessailiat
ditties, net on the principle which he wisheal.tat...aae
enforced, of imposing the tame burdens wed un
others, on foreign grain imported, to •which the roe-•
tire grower was subjected, and so preserve the even-
petition on the same fontingtui if there were no
taxation mall, adding thereto a drairbeck of the
Imposts on our produce when exported equal
to the burden of rag oia growing tr. The plan
they reecnnmended was a avowal of counter-
v fling equal to the difference between the
expentes of production here And rhrosd. flow
wee it possible to adopt such s principle?
Could any thing be more vague than the-standard
to be taken from the different rates of expenses of
prodoction ? There could lie no limit set to such a •
principle. Were none but the hest lands culti.,
voted, the expense of producing would be compare..
five!), small, and the country would be an export.
tag more than an importing country. Bat while
they had to contend with the expenses requireil•
to bring poor lands into cultivation, this .could •
never happen. He had gone into the Genial*.
tee with the most anxious desire to accommodate•
his rimer to those who were engaged with him. Me'
knew that this tees no time to endeavour at an sp-.
preach to those sown! principles to which they •
;nest at last recur. Lie would have agreed to any
mritsnre of relief which could bate been proposed
of an effectual )Find. They were all elisoppoiuted :
there was no hope in the remedy proposed. The
14St paragraph in the Report .enprestred a hope that
a better principle would be found to regu-
late the competition of foreign irons. Vi'llat
should that better principle be hat the system uf
countervailing duties before described.? If-they
went on in that way they mightigrosv grapes in hot
bosses for their wine, they might produce sugar
by the same unprofitable course, until the heather
uf foreign commerce were lost to this and every
other country. lie was not the advocate of .an
soluiely free trade; he conceived that the classes
who were subjected to excessive taxes thould be
protected from the competition of foreign produce
no' similarly burdened.
Mr. G. VenneTT said, that the prices of pro-
duce were the same now as in 1792; the lases
were then 17, or Id, or 19 millions rt the ittaaost,
Including the expense of collection ; there was
nothing talked of but the wealth and opulence of
the cuuutry ; the three per cents. were at par ; the
rents were 'nod without deduction. There oat
wily out seutiment expressed—that the country