The Sun.
London, England, 1842-03-03 00:00:00

No. 16,442.

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accounts from Calcutta were not- founded upon direct
- official information-they were conveyed in private
letters. Although they afforded a subject of consider-
able anxiety, as they were not official, he could not lay
them before the House. There was, however, reason to
believe, that in a few days there would be accounts direct
from Affglihnistan.
Mr. MANGLES asked'''the Right pion. Baronet
Whether there Was any negotiation- made for a capitula-
ftion with the Affghamstans, or whether there was any
probability of a surrender.
Sir ROBERT PEEL said there were no accounts of
any negotiation for a capitulation having been entered
into, and still less for any surrender. - -
`' • CORN-LAW 'REPORT. •
-- -Mr; GREENE brought up the Report of the Committee
of the whole'llenSe on the Corn-laW Bill. -
On the motion that-it be reoeived;.
Mr. EDWARD BULLER wished to impress upon
the House the great importance of bringing the quea-
tion of the Corn-laws to a- speedy termination. It was
only from his conviction that the •• measure of the
Government would not give satisfaction, and would
effect 'nothing towards allaying, the restlessness
and. . discontent that had allaying
began to
show themselves, that he was induced to over-
come his reluctance to address the HouSe. He had
no. doubt- but -that, if the question had been merely
between' him and the Right 'Honourable Baronet oppo-
site, their difference would be found to be a narrow one.
The Right Honourable Baronet admitted, with him;
that the agriculturist should be protected to a certain,
point only ; but the Right Hon. Baronet went further,
and said that when corn had reached a certain point the
interest of the consumer only should he consulted. The
main point at issue between him and the Right Hon.
Baronet was, as to whether the duty should become
fixed when the price rose to a certain amount.
That was the question at issue between him and the
Right Hon. Baronet ; but the question between him
and the Right Honourable Gentleman the Member for
Dorchester, and .the .Right Honourable Baronet the
Member for Kent, was much narrower ; they said
:that a fixed"titity would 'be the. best -plan, provided it
could be maintained. He (Mr. E. Buller) had to show
that a fixed duty Could be maintained. But as he had
undertaken to 'bring forward a scale and place it
iii competition with the state or the. Right Hon. Baronet,
he felt it his duty to point out what he considered to be
the defects in the Right Hon. Gentleman's scale. The
great, difference between the scale proposed by the Right
:Honourable Baronet, and his (Mr. E. Buller's) was,
that whereas the Right Honourable Baronet proposed
to withdraw the duty when the price of wheat
rose to 695., he (Mr. E. Buller) proposed that it
should be maintained. The Right Honourable Baronet
admitted that the present law had acted with undue- se-
verity on the consumer, and had held out sufficient in-
ducement to make the holders .of corn in bond
withhold it from the market ;- but he said that
the plan' which he proposed would effectually reduce
that inducement to fraud, and that the new proposal_
would° net therefore haVe the effect of the old law:
Here he (Mr. E. Buller) joined issue with the
Right Hon. Gentleman, and he would tell the Right
Hon. Gentleman that though -he had lowered the in-
ducement to franc], yet, inasmuch as he had left the
maximum of price, and the minimum of duty where
they Were ;before,- he had afforded no assistance what-
ever. to the consumers when prices were high.
The Right Hon. Gentleman said that corn would be in-
troduted-when it was wanted, and not until then. He
said the reservoirs would be always kept full, and
never. -overdow ; but suelt;svas the • language held by
all the advocates of former sliding scales. It was
the language of -Mr: '• Canning in 1827, and- of the
-Noble Lord wild brought forward the present scale in
1828: 'He (Mr. B.) was of epinion that the.' present'
scale would hold. out no greater inducement than the.
one it was intended to supersede. 'On comparing, the two
scales, he found that when the price was 715., an
inducement was held out under the one
,scale,
to the holder of corn in bond, to keep back
his teorn, because he had a 'prospect of ss. gain in the
duty, and of one in 'the article:- Now, in the one
base, • there • was a prospect of gain of 55., and in
the Other there. was a' prospect ,of :loss ; and he
'would .ask would not a prudent man be as likely
U6t to bring corn to the market iii: 'One case as
in the other. The 'only difference was, 'that the
trade Would be carried on to • a
,greater extent.
In 1841 the price was 725. Bd., the duty 2s. Bd. There
Were at that time in bond, no less thar 1,500,000
quarters of corn ready to' come into the
market. Of that quantity, only 8,000 quarters
wereintroduced at a duty of 2s. Bd. On the. Gth September
the price was 725. l Id. There was at that time on board,
ready, te be brOught into the market, no less than 1,200,000
quarters ; but of that quantity.2B,ooo. quarters only were
introduced at a duty of 2s. Bd. In November,
1831, there Were in bond 200,000 quarters ; the price'
regulating ihe duty was 725. 6d. the duty was 2s. 3d.
but 1,003 quarters only were introduced. •In the first
week of Nov., 1823, the price , governing the duty was
7')s. 2d., the duty itself 2s. Bd. There were at that time
between 400,000 and 500,000 quarters of corn ready for
the market ; but out of that quantity only 1,000 were
introduced. These facts showed that the- pros-,
poet of 'the gain of '2B. Bd. was sufficient to coun-
teract the effect of the Right Hon. Baronet's scale.
Perhaps it might be said that that was 'not so much
owing to the amount as to the certainty with which the
corn dealers can engage in their trade. It, might be said,
too, that this certainty arose from the combinations that
at present existed among the corn dealers,but when the law
- was altered corn would pass through a greater number of
hands, and there would not be so great an inducement
tdcombine, while combination 'would be more difficult.
He did not believe in the combination of the
corn-dealers; he did not think it possible that
they could combine, so as to' produce this result.
At the same time the effect of the law was precisely the
same as if the combination did actually exist, and the re-
sults that looked like combination would equally exist un
der the law of the Right Hon: Gentleman. He would venture
to say that whenever the price rose to a certain. amount,
it indicated a necessity of a foreign supply, and that
the duty must fall to the lowest point. - He would ven-
ture' to assert that 665. was a price that indicated
the necessity of a foreign supply. There was not
a single instance in which, when the price had
reached GC-s. it had failed to rise to the
naximuns price: Before the last harvest, in 1838,
)n the 19th of' July, the price was 665. 6d. ; on
tha 18th of October it was 665. again ; on the 17th of
of December it was 725. ; on the 20th of August, 1841,
it was 745. 7(1.-(Cries of ".Divide.") His object in
referring to ' these fluctuations was to show that
under the scale of the Right Honourable Baronet,
when the price was 665. there was an inducement
to the, holder of bonded corn to keep it back until
the price reached 735., so that the Right Ho-
nourable Baronet must fail in his calculations.
There was an artificial 'inducement ,of ss. to keep corn
in bond, under the propoSed measure of the Right
Honourable Baronet, and that was sufficient to force
the price up 'to 735. It was clear that :the operation
()HIM sliding- scale' at' the prsent Was'to force
the , price up to 735., and the-proposed scale
would undoubtedly have the same tendency ; and if they
wished to afford any relief to the consumer, and at the
same time to maintain the slidirq; scale, the only way to.
do so would be to lower their inaximum price. Therewere,
in fact, four locks on the door keeping corn in bond, and.
the master key unlocking the whole of them, was the
maximum price. The Right Honoul'able Baronet had I
removed two of the locks, and contended that by se doing
he was facilitating the opening of the door. He (Mr. E.
Buller)' contended that 'the two locks remaining would be
amply sufficiently to keep the property secure, and that
under the new sliding scale, as under. the old one, the
door would only openon the application of the master key,
'Which was the maximum price and the minimum duty.
He -would next say a few words on the scale' of the Right
Hon. Baronet. If that Right Hon. Gentleman still
adhered to the views he had expressed .on
former occasion, this scale would not only
not benefit the consumer, but would fail in 'the other ob-
jects which it had it in view. His (Mr. Buller's) propo-
sition of having a duty of 6s. when wheat was at 345.
a quarter, would have the -effect of giving to the
country the hbsolute advantages of a free trade in corn.
His proposition would materially improve the scale of
the Right-Hon. Baronet; inasmuch as during the time
the country was supplied Ircini -the 'lcome growth
the highest price was G4S. He could not 'propose a
fairer test of his Proposition, and the measures of
the Government, than 'to show what would have
been their comparative effects in the last year. In the
early part of 1841 the price of corn was gradually
.and
steadily rising, but not a quarter_ of corn was let into
the market, nor would there have 'been if the
Right Honourable Baronet's scheme was in full
operation. But there were at that time 558,000 quar-
ters of corn in bond, which had been bought at Dantzie
for 40s. a quarter, and which, with the cost of freight and
other charges • would have been sold in the British
markets for 565. exclusive of duty, and the whole quan-
tity would have been let in. The revenue
and the consumer would both be benefitted
by the scale which he submitted for the approval of the
the House ; and the markets would be relieved at an
earlier period, He confessed that the proposed law
would be as oppressive as the present one, and if they
were to fix the time when the duty was to vanish, it
would have precisely the same effect as the scale laid
on the table by the Right Hon. Gentleman, for it
would have the effect of forcing prices up to a point
where the duty would vanish. It they,adopted the scale
which he (Mr. E. Buller) proposed,.,,
Orn would be ad-
mitted at 6s. when the price was 645. Afoit Wit. Gen-
tlemen had read Mr. M•Culloch's 'they must
admit that it was his opinion that the 6s:dt,..t.i; should be
•
nuiiutained.for the interest of the.consUmer,„
.Now, if
they rooked to ate state of agriculture in the year 1816,
they found that great distress existed. The average im-
portation was not more than 400,000 quarters, and the
4,e,rage,price was
,755.. 10d. In, 1817, when, eornl.was at
the.,..unusually high , price:. of 945, there' 'were only
1,070,000 quarters imported. In 1818 '-ther- ihice• was
845., and only 1,700,000 quarters were imported. If

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TO COMMERCIAL GENTLEMEN.—Having
been informed that it is very generally circulated i the
various Commercial Rooms in the country, more particular'y
those of South Wales, that I had, by way of securing a debt
from a customer in the latter district, obtained a parcel of
hats. after he was declared a bankrupt, thereby causing every
ho est man justly to express his indignation at such conduct. I
feel it due to my character as a tradesman, to adopt the present
mode of contradiction, by saying that such a report is whol y
without foundation, as 1 would scorn such an act of injustice ;
and further I beg most distinctly to . state that. I have r.ot tra-
velled in Wales for several years past, neither have I had any
transaction whatever with the individual in question. After
this explanation I hope my commercial friends (having been
myself a commercial traveller 21 years) will thoroughly exone-
rate me from such a dishonourable and injurious charge. It
must therefore belong to some other person.
_

J(►HN R. HARDING.
London Hat Warehouse, 60, Wine-street, Bristol.

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GISBORNE ON THE CORN-LAWS.
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A LETTER to the COUNCIL of the
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This day, in 2 vols. post Bvo. with Illustrations,
NARRATIVE of the CAMPAIGN of the
ARMY of the 'INDUS, in SIND and KAUBOOL,
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By'RICHARD HARTLEY KENNEDY, MID.
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