The Sun.
London, England, 1811-08-02 00:00:00

,eticea them to purebse much more sparingly than
As to the btate of the wool!en4rade in Yor-Ir.-

sltirtb; I kart) that the stock of unsold gooZls on
Band in the lag' r o tot was much gre3'Vr than usual,

that the host molted English wool, which %els lately
stAd at 1;4. .51. e, 10.4t0w selia at 3s. 4d. Gd. and
Bd. all .thelo,ver sotts ure fallen iii Oiat distritt, but
'as that advauee was less'," their, tall has becti corn-
Tartilvelv. not o great.' The' hest Spanish wool,
which wits once at 15s. and upwards, is 'now at 7s.
Bet Spin ish- is by means a prineip ii part of the
wools worked .up in Yorkshire. We are apt to
d‘vell too much On our export trade to foreign Conti.
; she.hoin.• inarkei, or the supply of the
Bri-
tish enti:;ire, infinitely exceeds the foreign demand,
and undoid-nodly has greatly increased. Excitisfvo
-of the consuMption arising from an increased
pulation, the circumstance of our. having nearly
.800,000 men in our armies and fleets, who formerly
.i-eilired a comparatively small pert' of the woolletis
thew used for thOse fleets and armies, rottSt.greatly
increase the d,,ltriand for woollens. We have no
Method of 'estimatfng the real atriount of the home
crinstimption, but we know it .is immense: we
therefore are not very, essentially dependent upon.
foreign' countries for the corsumption of our wool-
inantitacturers, and a very great proportion of
NvIIA appArs under the head of exports is for difib-'
lent 1)0 s of the 13iitish err: pire.
• Tho official value of wooAen manufaaures

potted last year, viz. 6,773,:..)141, exceeds in value
eN.Hort3 of the year 18og, by 350,000 Land
those of that year considerablyy-exceeded the Ex-
' ports of thd'Precediog year.—The average exports of
the last 40 years, which includes the most 'ileurish-
ing pet iod.of our trade, is 4,66'2,5231. considerably
• more than f,000,0001, below the exports of ,last ;
but these, it should be observed, are the Miele', not
the real value. They, however, answer the pur-
pose of comparison. The 'estiinted real value
Would probably amount to nearly double.: 1 le.irn
nlso there iq no diminution of the exports of
manufaiitue in the first quarter of this
year. The 'exports of cloth to America in the
early patt of the pres,ln year were very 'great,
probably try the aniicipatiour of the American
ptohibition' being :loin eofori_ed, .but cautious
de:ilers detained their goods which were not
;cloy- in time to teach -An:cric,i before the 2d
of Febreary, and have them oe !Lind, whilst thoie
who Ohttliit,l to ship in our ts till the 'lst of Fe-
bruary, succeeded in having 'lieu. received.
" The Ear and West India deniands for Wool-
kris Jr,. the same, as usual,'hat very littie business is
dQiiig with Gernialiy, Holland, and the .NOrth of
;Europe. It shOuld be observed, that France .at no
time took• a cobsiderable part of our woollen' ex-
piirts. The avige ,importation of wool in tg
bears, ending 1715, was only 66g,727165. and even
at that. time we censidered woollens as Our princi.
pal aria trot valuable manufatiere. Th,.- avenge
iniiportatiou Of eight years, ending Into (the coin-
meoceuient tai the French Revolution), was
'rho average of eight ytar,,, ,nding
'.;:is 4,020,0u91b5. and' the.averair of eight
• ,;• , 0,40 inclusive; was 1,/(49Qolhs.
increase. since t7BO, course
clash with the 'essenti..ll toter •qti of the
pr4erty Of the United ; and
he' !limn foreign' words, 4 iz. Le'oriesas,
• nat oft. can hardly initirfcre 1/4% Lir English
WOO;; at from 0. to 3s. yet' as a great propor-
ii, loiver wools from Spain and Portugal,
• iti colo7e,inence of tie peat failures; nave
often toll of late for it 1311131) the height and in•

they not on 4 interfere with the first crosses
or flies i'Vith'the British ewes, but 'also with
fhe prime clothing' wo4s of Esiglish breeds, such ss
fifes ildierOM Had Seulh Down and the knowledge'
of the ' Vtiry extraosditsary quantily imported, and
the stock of wool in the' hands of the 'growers, has,
prejudiced so much the 'sales, that the growess
seem entirely at the' tuerCyOf the buyers:, and the
latter ate not Aqrso to take 'advantage Of iii s, cir-
cumsitnices which will' tend to keep doWn the value
of wool. • •
" As it iq vow' demonstrated that we ran raise in
these ishindi wools as fine and as well adapted to
ottr. purposes 'as 'those. that are importtd,' it is i
highly 'unprincipled policy to Continue an importa-
titirl
which CUs s tts some millions sterling yearly.
And :it this titoe, when we are necessartly greedy of
tot eno,-, dui of Is. per pourt.t Oi) tormigh wools,
would be slipiAmed by good pritwiples, and would
kit yt;:tr 546,401. 'Ulm. shilling
jx pound would check the i.nsportaisou ti? inferior
foreign prineirally interkr,dwith,the
EoG:kb wouis, but Would not prevent,the intro.
irluctiou Of thi prime Spains.:sorts, such 4S We tVied
import. Mearaly be-telt by those
whq spoefilatoin that t,Ol it le, and utt onsequ,nee of
ttac . , ~ , ,
coropt niantnacturer wouun pay little
more h- otoerwke Would do, 'and. as a very'
lion of o ir suantsfasAtiLe of bparush wool
goes to toroi,,in entniqies there cart he no ob:,ectiow'
to'the (144 r, it tiro grtitifid hut tmn our expoit
tra,le„ tt is 3 's)tlicieitit of toe landed to
the hiltoilam ming niters:id, ict prulttli:t the e poo-
- ton of by Itir.(l of Im:duce scat ,h at, 14000 blit*the
gt1611;6310t1,01 ut any"t
s duty, 0
the t,icat di,icouragefneut of 'the growth of kt, 001, in
thew is a I.,oerifice of essential interest,
tier lu t.-m: 4tli}d,,it,••l On arty 'Orioel.ple of jx.itiee or
pt,Ley. iotrokl=tion of Spotiklii,heep
;,;,„ ;Intl Verol Individtt.lls,
itiOre raVitily Co3ii 61,2: 01031 Sandloe laid
t.:Xih--1 'do these is every I c:rion to believe, that
rho geovah.nuch a..a 10'3 Ma.
;,11.d oth,r Gez:,thunetr., iisvc
ed, if it tv,.l W:isileti ;it'd iiOrterl spa nib!) ni<ide,
.icl„,ht go-to maricet w:tn the average
of the liectiestis or. bCir \t'oolt;, :alt.! the heavy cx-
.
Ferree of irlyorting ,ty,'d: But these e.:N-
ertiona deelin,,, it the !,v0.,71 01 tVery part
of the wuri:d ',3adriittcd duty ft-0e; the W(3ol-gtower
plest;ht endeTvours
w al be oldted to refniquisit
to improve the quality or his wool, as- he. finds, 11e
cannot have an 'adequate price, and of Course he Wi.it
sin) at an inerease,..t quantity, instead of an improVed
quality ; and thus'we' shall 'relapse into our former
'shvetrly Inattention to the clgtrattet• of Our wool.—
Btit to tettirn to the-causes of the dullness of the
i'ool.lll,nl ket, it may be imputed' not only to the over-
stock of foreign w 001, 'but to the genet' distrust so

•
rfenerall- protnntA, to mischieVtili Spee
and the diffico:ty in getting bills discounted : these
haVe produced tunny bailliropkies. The scarcity of
gold is most erronc..ouslyattribuied to particular ope...
riniOn4 ot the enemy, tO the war, find seeneiirnes to
the conduct; hiwily infatuated, of the - itairivan
St.ates; but it ni,,y in great part be imputed to our
ow bad policy, the •negleei'of encouraging tillage,
and the suirermg it tolabdur under great expenses.
These prevent Ole growth 0f..,a, sufficiency of grain,
andlarve entirely put. an eridfto our (-miner export
trade in that article, which sixty years op was very
'great. It was, the defiCiercy of grain in 1796, far
more Gan foreign 'subsidies, that drew from' this
country its gold, and 'brciught on the Bank restric-
tions in 1797 ; 'and Iron) that tiine.to this we have
imported On 'an average yearly •ro the amount of
7;000,0nol. sterling ; which,' added to the large,
sun% we pay for foreign wool,, accounts for tipwards
of to,oo6,oool..sterling,. unnecessarily sent yearly
out. of this cOtintry. In addition to this, we have
perhaps too largely rtin into the Measure of itn-
'porting prodigious 'qualities of arlieles" more than
we can re-export; they rernain warehoused here,-
tree indeed from duties, but they must be, and
rare paid for by Us, and 'hills on this country are
thus in;:reased. 'These' and the necessary sop,
plies' of our 'army and' fleet, SuflijentlY account
fdr the unfaVourable state of exchange: The re.
storation of confidence is principally necessary to
maintain a reasonable degree of commerce; but we
May despond of that blessing.'while we are liable to
such mischievous suggestions, that the renthl of
England, and its produce and mantitactures, are
dependent on, 'and Must vary with the pride of bul-
lion on the Continent, and on foreign circumstances,'
a doclriuc which:can only tend to distress his 'Ma-
jesty's Government, and through it to occasion
great contdsi(iti' and mischief to the coutvry. Too
many of its are. apt to be misled by insinuation,,,
though stye, tin&scarcelyplaustbk, and &:en
mischievously intended. :It i., a take notion that this
country, till lately, depended on the precious in,lals
for its circulating medium. Our trade .A),,l(1- have
been much moue limited, if we had not had in nid a
great paper cutrencv ; and it our colt had not fpand
its way, to the Continent, I do not know how we
should have been able to
,pay tot toe immense quan:.
titit.s of grain, wool, and other articles we timid tin-'
ported,; and also the trergi,tror how we could: hale
supplled :Mir al Mies abroad. The rate of 'exchange'
is not Ideated by We issue of Bank of England pa.
per ; and I nave hale hesitation in Saying,, that Lie
'depreciation of that paper will nut take place as long
as Ina immense revenue of this coutnry,ts .received
in Bank ut England paper at the Exchequer, and
the deeming it a legal tender seemed a natural, con.
Sequence. ot the restriction.
I tear SO= of these details, will appear su-
perfluous, but they are necessary, to justify end ex-
plain some conclusions; that I mean draW from
them.

" That the demand for woollens for the. home
!r)arket. is (lot diminished, but probably ►truck in-
crrased,. acid tikiit ILIC 'CK1)011 of ilteilt is touch in-
crt.,a,,ed also. ,
. .

‘. comparatiyely, with the whole atnoult
cif ttu trtattuf4aure, the dtutana ter torevt COltfl-
ttirS WtLjl VI, iCil We are now at war:was out coast-
ctertEite.
.

" 'Th3t it is not the decry of the manufaiittre,,or
want of demand for it, but chtlicultir:s respecting
money and ttiis great steCk of wool on band, that
occasion the (16,biropment 10 price.

" That spoculations in foreign 001 s, and ti.e
extravagant %arnitions ikaVe doringea the
trade and tu,mula,ture of that artick.i. bot 'bow
wools being now reduced to their toinv.l..price, and
t 1 manufacture 01 them being principally for in
home market, there is little'doubt of us being te,
storetl to as Rainer price.
" That staplers 01, English .fine wools are
greatly distressed by dis rust arising from erro-
neous notions,, and by the difficulties of obtaining
discounts..

" That the sale of fine English wools is greatly
prejudiced by stn immense importation
,01, Spanish
wool, and by the distressed state ni,.tbe staple's.
" That tree scarcity of gold is not to be attributed
merely to the war, to the particular con** of the
enemy, nor to tfie hostile and unfriendly conduct of
the A,EleriCJI) States, bui in a great degree to bad
policy in our interior management.
" That through tne want of a due encouragement
of alp iculture and the cultivatlon or waste lords, this
cottony has paid, during the last fifteen years, uon-
sideraLoy wore than 10,000,0001, sterling yearly, for
grain and wool, which might have been raised in
the Uittied Kingdom,
" That the great import of grain in 1796 oecaa.
sinned a ,drain or gold much more than loteign sub-
sidies,
,and in a.great degree brought on the Bulk
resiOction in 1797, and that the value of grain im-
puted in the years 1800 and 1801, amounted to
19,000,0001.. sterling..
" Th,t large quantities of .gold coin are nor ne-
set:is:try to. Cohltllefee, as apperrer from the' exaiiiple,
'particularly 'Of Holland and Sdoiland, whit.h corin7
I 'ICS had a very small quantity of coin in their most
fleurishing state,
•
" That the restoration of confidence is More want-
ed than any other circumstance topromotellie wool-
len' manufacture.

" The want of opportunity for inquiry and Infer-
roaliou, often rendets us liable, to t►d►>>it fallacious
opinions and suggestions. It the positions.l have
stated for your consideration should assist you ut the
investigation of a subject so very 'interesting to the
country, it will afford tue great ,satistaCtion.—My
wish is, that we may not be led away byincorrect
no►ions of the, causes of the difficulties th.it have oc:.
cutred. If we see distinaly how they arise it will
prove less difficult to obviate tt►em.

I now come to the most disagreeable Dart of my
report ; the statement 61 the low prices lately given
tor tine English wools.
" Hereford lair, the first, of-this month, was very.
ill attetided, and the several EMUS of %rout wo-e sold
at prices veryconiriderably reduced ; the finest wools
sold from 2s. 3d. to 2s. 41d. which is nearly one-
hird less than the price of,last year, but vet y little
was sold. There was no_ demand fur the iliforior
wools ; suflitient business ‘Wcrs nut dune -to enable
.
the puce to be stated, but every thing sold very ill
at that fair.- , •

LONDON Printed by It CHARD KAltttlS, of No. 4, Marti/sit-court, Low- otrecti-and Prt
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