The Sun.
London, England, 1847-01-22 00:00:00

yesterday in the city of London. lie held then in his hand a
circular issued by one of the most eminent brokers in the ..,.„,
country. It teas published by Air. Osborne and Son, and .141 '
stated that the effect of the joint nights' proceedikkr was to "s.
n
)
depress barley and malt, in which there were- seareely any r:N.
transactions, while bonded corn had risen in price to the ~., "7,,,,
extent of the reduc ion in duty. It stated further, that in '''i:t'-,,,- _,
grain generally considerable business was done, while grain is '1::.:,.---,ut Isfs
bond had risen from 2s. to 3s. a quarter. This was a '.-7,1' ..":: .."
proof that every farthing of the reduction would go --:-. ~-ssr
into the pockets of the corn factors. The
.complaint -
he had against her Majesty's Government was, that ~,
they had too strong a feeling for the corn merchants 51,4
and had there fore proposed the suspension of the
duty in their favour.—(Hear, hear.) Assuming that four
millions of quarters of wheat would be imported during the
next twelve months, the effect would be that the revenue
would lose 800,000/., while no good would be done to the con-
sumer, he would receive his food at no reduced prices.—( Hear,
hear.) It was his opinion, that had the old law been retained
1 the Government would have been far different to what it is
now, as it would then have, since the Ist of April last, received
in duty 1,300,0001. instead of 600,000/., which might have
been applied to meet the wants of the people of Ireland, and
we would now have had in bond three millions of quarters
which could have been purchased for that purpose. The duty
before was never less than 10s., and the sum raised would
have been to keep down prices, and the Government could
have so arranged that not one man in Ireland need have died
of starvation. (Hear, hear.) The present Govern-
ment, however, were not to blame for the change
in the law, but they were to blame for not
interfering to prevent the exportations of grain
from Ireland, and in adhering so closely to their free
trade doetrines.—( Hear, hear.) By a pacer which ,he held
in his hand, it appeared that during the last eleven months,
while the imports of grain into Ireland had been 450,000
quarters, the exports were 1,700,000, being a balance of ex-
ports of nearlyll,3oo,ooo.—( Hear, hear.)
The CHANCELLOR of the EXCHEQ UER said the do-
cument refe-red to took no account of the English grain ills•
ported into Ireland, but only that from foreign countries.
Lord G. BEN TINCK was sure the Chancellor of the Ex-
chequer would find that what had been stated was substantially
correct, and that the balance of grain exported froom Ireland
into this kingdom was 1,300,0(.0 quarters. If the Government
had prohibited the exportation of this food, it would have sup-
ported two and a half million of persons till the next harvest.—
(Hear, hear.) The Governmeut had likewise committed a
great mista9e in stating that all the countries in the world had
been ransacked for grain. They seemed to forget that the
message of the President of the United States, delivered
lon the Bth of December last, in which Mr. Polk stated
in his message, that in home market it was totally impossible to
dispose of the immense supplies, even at reduced prices. The
provisions could not be consumed in the country. They were
able not only to feed the people of their own land, but to sup-
ply the deficiencies of the whole world. They had also been
furnished with an official state of the crops in the year 1845,
issued by the Board of Trade, at Washington, the documents
of which were generally as correct as those produced in this
country, and it represented the total produce of the United
States in that year to be 776,600,000 bushels of corn and grain
of all sorts, being equal to 97,009,000 of quarters. An amount
as stated by the Government paper at Washington, that ex-
ceeded by many tens of millions of bushels, the consumption of
the United States. The yield of the present year had been
much greater than 1845, so that there was little danger
of prices rising much higher than they were now,
and it would only be necessary for the Govern-
ment to furnish with larger depots for food, so as to
keep down the prices. A friend, who had just been in Ire-
land, informed him, that even at the present time, the stacks
of the farmers were than they usually were at this pet hid of the
year, and that they were holding back for higher prices He
did think that the great mistake of the Government consisted
in following out the doctrines of political economy, and not
taking measures to keep d ,wn prices in Ireland.—•( Hear.)
They had doubtless many of them heard of the proceedings of
the Eastern monarch, Ali Shah, one of the greatest, wisest,
as well as one of the most mischievous monarchs that had ever
ruled. His proceedings were more commendable than the
policy of the present Government. It was said that a great
pestilence devastated Persia, followed by a famine, in which
men, women, and children, died in numbers. Complaints
were made to the Shah that the rich merchants refused to sell