The Sun.
London, England, 1813-04-01 00:00:00

ateiy cause the •lessatinri of thcise duties.

The,

only other additional duty on export, %% hi h
meant to propos.e was; a duty at a ne..ny a
on the ex porta; ion of foreign hie!: w 0,14
operate very adraotageously on' our ielther
factnres in foreign mail:els. The next tax .he
should mention went on somewhat different prin-
ciples; it was a tax on American • cotton wool.---
The Connn vee must be aware of the intended
American blockade. This %you'll have the cilect
of depriing-Otir. countrymen, concerned- in the
cottontrade. of the raw material, of their manu-•
flOttirc.;, ?;ii far 'as depended on America. There
was every reason to believe, that if the impor,
tation. of cotton wool were encolvaged, an ample
,Snpply, could be °litanies( Item other parts of the
world, and from our • own possessions. This,
however,. it was obvious, could only depend on
,such encouragement being give!, as would se-
cure the merchant engaged in such a specu-
htion, from losS, after fetching 'the commodity
five or six. thousand miles. When the-American
embargo cook place, . se•me years ago, enedurage-
anent leas given to the importation of Indian cot-
ton. 'Before the ships could return, thrAtnericatz
ports were open again.. The cotton front India
arrived too late, and the speculation was most
ruinon3 toithose who imported it. If those who
bemid ht disposed to engage in procuring it were
left to tk similar fate, we could hardly expe:t our
manufecturers .would be. well
,se;plied. At pro-
- there was.enough,of the Sea Island or Geor-
gian wool, to. keep on with for a considerable time.
Ttiere was every t eason to sappos& our stock- in
hand would.be found sufficient to cony on our ins
nufactures without interruption, if sufficient end.
immediate encouragement were given to.export it
from India.. It might be, by the time
.this could !)e
done, we should agaiwbe on 'terms of amity with
America. To.pi.: i-ect the merehtu.ts who might
engage 'to procure it from Judie, he shOuld
pose a duty of three belfpeoce per poond on staid.--
mean cotton %yob'. 'I ills, he :lolight, tvould .be
not a prObibitory, lint a, protecting ditty. On
American cotton wool imported is foretear.ships, a
larger.flitty would be. necessary. ,He:should pro-
pose sixpence per lb.- To this. proposition, he
thought only one objection could. be made, that
raising the price of the raw materials, it yrouid
necessarily' raise the price the manufactured
article to the consumer. The advance, he thought
would be such a trifling fraction, that it :would
hardly be felt : and the general opening of Lae trade
would cause a much greater advance than this cold('
occasion. With respect to America, competition in
cotton inanufactnres was out of the question, and
we could not tear competition with France.----No
competition, in fact, could exist in this respect,
betweena country lvhich imposed a tax. of ss. per
lb. and one in .which..the'duty on the same article •
was not more than nine-pence, per lb. and in ordi-
nary cases did not exceed lour pence. At present.
we might be saidto hold the monr:poty of Europe
in our hand. We bught not to abuse such
advantage, but we ought to take every precaution
'that might ensure us the full benefit we were
entitled to derive. from standing in such a si•
tuation. Circumstanced us we vare, that tnea.,
rinse might now be prndent,, which, 'trt a.icatiter
time, would be dangerous. He thought Cio-
vernMent ought to have poyers entrusted to
Omit, which might enable them to take advutitage
of, any events that might occur from day to
(ley.: He would therefore propose that the Knike
`in Council should be ableto order the suspeosion
or' reduction of any war Outies tvhich might be
imposed, in the event of any Power affected by.
them friendly to England. Ile de-
clined at present going into any estimate of what
he expected the war duties to produce. Ile
wishes theurto strengthen the war .taxes, and
it was his hope this would be effected by the
means he hail suggested, without pressing very
severely on the .people, cnneladed by mov-
ing his first Resolution for fnniting the Exchequer
.•

Mr. BARING allowed that the Right Hon. Cis:u..
Oman had .latle rkTy ample prOvision for the
purpose* iltende ; and though he (Mr.
Bsi!tig) itiki not now make any observations
on Oe. t 9:, aicial par. of the statement laid before
the Committee, he could not suffer thd proposed
1114tiStlit` of laying a duty on the importation of
cotton frt Auterica to pass unnoticed, con-
ceiving it to be a subject at the very livt
mFtt-
porttelte.The Comtnime must be aware, that
if Au:erice . cotton came at all to .I.llis cowl-
-I.y, it tS ust come in nr.:ctral bottoms,. old
therefore that the whole ground-work of giv-.
ing enctm :g.ment to British shipping was no-
gatory. The Committee should pause before they.
sanctioned a step witch, if it provetl to be a false
one, would endanger the industry of •sO many
thousands, and a,papital of so many millions. If it
ended in establishing a competition to any extent,
the misehiet would be irretrievulle 'because,
though the Rt. Hon. Gent. spvltc of su.,pcnding.
power to be vested in his .Majesty in Council,
it tuust prove wholly insufficient as a retllo ly
'afte the evil had Occurred. The fact was
that. India did' not produce the cotton they want-
ed; and it was well known that. the. Sea Island
cotton was selling at. twenty pence per pound,
while the best East 41(4 cotton did not 14Litig
more than half that 'price. The Gentleman
next contended that it would he intpo,,sihle to keep
the Americancotton nut of the market by bloektid.
ins the Americams pol'ts,, as the improOng Stitt of
Europe would give a neutral character to the
countries ' along. the Baltic 5. and tire ctltttiti
would fititl its witty thrtnogh.Georgia, Florida,„
the Mississippi, and by the in! and ,navigation,
down to St: Augustine—from whence it %%quiltl be
of the '.hale navy of Great
exported, fit spite
Britain. Besides, it might be exported, in the
frst instance, to the ports of Portugal, and the
3Uanufacturers would have to pay the increased ex;
pence of the circuitous navigation to this country.
The hollow policy of attempting to forte a „rowel
which was not natural to a country had been
successively demonstrated by the orders sent
fin cotton to the L..st Indies at a former period,
which,_ when it arrived could not be male use
by orders, sent for rice, which, when it arrived,
found us all in plenty—lnd by orders tor hemp,
when we citaTrrelled-with Kass.

Sir'lt. PLELE strongly deprecated the proposed
measure. Mr. Pitt thonght it desirable to encourage
the imiiortation of the raw Ineiterial how all Tuts

~r~

PRIC.f. sTOCKS
liriv DAV AT iIiIL:f.VV. O'CLOCK

Coniols

•TIIE SUN.

4.11113 E/11.31.11.1 AuVCAT

L O.N 1) 0
titiLISDAY, APPAL 1, 1813:

„.-.. -•• . •

*of the world, free of duty. It bad been the wise
nei;:itn of Mr.ritt to get,as much as possible of the
raw material into the countvy, and when there
was a surphps, .to let it tied its way out again.—
Thee were told• that. this duty was intended as re 7
gulat ion twencouraee the cotton ot the East ,In-
dies but he ivould Isk, were they always to be
at \Val' with Arnerieu Were they to send their'
looney for the materi-,11 to the East Indies,
Nvhen their mantifactures Nvould not be worn in
• return ? lie hot.rd this Mischiesous policy would
not be adlrereil to, anti that the. good sense ot Mi-
nisters would induce theth to abandon it.
Mr. PHILLIPS exoressed his unqualified ,Aisap-•
probation of the pritposed tax.
Mr.'LASCELLES protested against the measure,
tote that was pot likely to he a mere War mea-
sure, but intended to bepersisted in for the benefit.
of the productilmS of the East Indies'.
Sir JOHN-NEWPORT urged the • inconsistency of'
encouraging the importation of an article, while a'
suspending power was at the saute time vested in
his We. •••cy in Couneil ; and he argued against the
policy 'of proposing any measure Which would
operate as a bar to the return of amity between
this country and America.
• Mr. FINLXY and Lord STANLEY stated several
objections to the measure.
Mr. FAWCF-TT, and .a Gentleman, whose name
we could not leern,likewise oppOsed it.
Mr. CANNING declared that he thought the
objections to the measure of his Right Honourable
Friend were of such a nature, and applied so di-
reedy to both the pOints of view in which it could
be regarded, that be believed his Right Honour.-
able Friend would be under the necessity of aban-
• dotting it, It was not so much a war tax as it was
to measure which conteMplated ulterior political
peeposes. -Looking, therefore, to its provisions
• as it aimed at this thjecti 'lte did not think that the
terot of three years held out an adequate security
to the grOwers of rot t9II in of r own settlements.
• The CHANCELLOR of the EXCHEQUER observed,
that nit the arguments which he had heard urged
against Iris proposition applied to the single pro-
'injoent, point whiCh he had advanced in iiitrodnc-
ing it. There were reasons and considerations be-
hind, which he hoped would:persuade the 'House
that it was both beneticiai 'and necessary. The
fact was, the proposition had never been framed
with a view to a hldekade, but was• strictly con-
, fined to the pureoses of financial regulation. As
to what had been mentioned with respect to the
pro,,ilnting of America imposing countervailirti.,
ail tics, ht' e.'w; of --Opinyan th!tt she ieel aiir'eady es-
tobileil as strong an -interdict as it was at all
likely she eteild eimose, to adopt. He was, how.:
over, perfectly satisfied, that this particular
tion slionld be kept open and separate tor a future
diAcus:z.iou. . •
Mr. PONAONtIY coneeived the objectiOns to the
measure to be so strong, that he should certainly
take the. sense of the iimise upon it before it at-
rived at that stage: when..the report of ,the Com-
mittee would le received:
• After a few words from Lord Castlereagh, Lord
Stanley, mid Mr.
,Vansjetnrt , the second reading
qesoleitiOn•wat'postponed till Wednesday
nest. • • : . •

. .
Mr, PoNsoway yid& he-could venture to predict
111:Ir 'thelit Hon. Gentleman) would 'never
wote the second reading.
The reinliniug res9lutions veers: then mad, and
the Report ordered' to he received to,morrow.
PLAN OF FINANCE.

• Air, BA.Nius. moied for lin neecnillt Or calcula-
tion of tile ;onotint ot the Sinking Fund as it Would
have existed in the inonths. of January 1813 and
1814 "respectively, should nb alteration thle place
tic' the A.et., of 171)2 and 11302. Adjourned.

• I'd rI.CI,N. .
A.mtvto-1 Dublin, I Waterford. Dec---t Cadiz? .1 Lls7
bon, I fiotteuburgli, I.Gaerri.y, I .1 racy, I Ilolliolund,
I Waterford.

. 68iii

We stated yesterday the particulars of the fi.an-
cial.aoartgemcut.' made by Lord.Laveßroot. and
Mr. VANSITCrAItT, and 11,11i1C11 it will be seett.was
brought forward in the How:e of Commons. The
duty on' the importation of American cotton
Wool wits• the mily part of the ibtrangement oh-
ected to, and. it stands over for further conside.
•
r:ttiou. produce,ot the additional du •
LAxes to,e estimated .at 1',360,000/. per
inehnling t;',50,0001. eatentiited on : the
produce of the duty on American C;otton Wool,
%vhich tatter ,siati them %vitt be no difficulty in
making up front another source, if it should be
lotted expedient to abandon it. •

These Taxes are all that will be necessaty 'for
four years to come, as by the admh:able plan of
Fjoanco proposed by Government, the. W 11,1: may
he carried on with every possible energy and
elfect for that period, without imposing a single
additional burth2n upon the rop?c, and, at the
same time, not only without the slightest breaQh
of faith towards the public creditor,,but actually
placin;.! him in a better sithation, with a view to
11161114 N repayment, than he before stood in.

'Pads Papers of the 26th,, '2701, and 2,801 imt.
reached town ituit night. Those of the 24th and
025th have uot yet been received. They contain
no militarycletail3, nol .tny news from the Armies,

• . LONDON: vrtis
At the St;t4 OI_FIP

except an absurd article, dated from Nuremberg,
stating' the marching and eminter-niarehingolthe
Russian troops beyond the Oder ; but the real
•
progress of their march will be concealed from the
French -people as long. as possible.
The.most prominent articles in the papers re.
laCe to the arrest of x number of individuals at
'Vienna, by order of Government, amongst whohi
are several militia), men distinction. - Te re,
Bret to observe that •so much of tLe leaven of
French influence remains italic Cabinet of Vienna,
and still more .to find the name of Dr..S'enNEtnEtr
amongst sortie prisoners who haVe been .sent
distant fortress. 'fire exertions of this celebrated
person in the Tyrol, dining tbe late war between
YrrAee and Atistria, to's(rve'and promote the in-
terests of his Sovereign, are well known, and if
be has now been put into confinement by bitown
Government for eottelvtiitrivg to re-Itlintate the
patriotic spirit of the people ;4 this crisis of the
fate of Europe, we • cannot conceive an act of
greater baSeness and imu
BUONitrARTE still remained at ;'aris, nor is theme
any announcement of his intended departure—