Star.
London, England, 1826-05-03 00:00:00

COIN LAWS.

The Eatl .of .11ALMESBURY, in moving for Re.
turns of the price of wheat in 1823, 1821, 1825, and
the first four months of 1826, complained that the
im-
pot taut Report of Mr. Jacobs Was nut before the House,
although it had already appeared in some of the News-
papers. He regretted that none of his Majesty's Mink-
ters were present, as he meant to give A sort of notice
that in order to remove the imputation cast upon the
landed interest, he should like, before going into the
measures proposed by the Govei nment, something like
inquiry into the causis of the present distress, which
would show it to be no more connected with the
Corn Laws than wish the Phases of the Moon. Besides
th:s there were many other important matters to be
taken into consideration, such as the price at which it
might be necessary to admit foreign corn. In order to.
bring all these before the House, he should on Monday next, unless
some Noble Peer, better able to treat the subject, should take it out
of his bands, propose a Resolution to the following effect. " That
though it might be necessary to admit foreign Corn in Bond at a
duty to be attet wards determined upon by that House, it could not
proceed to the consideration of any farther Alteration or suspension
of the Corn Laws, without an Inquiry into the necessity of such an
alteration or suspension, and a due investigation of the effects which
they might have on the landed interest and the consumers."
The Esil of LIMERICK had said yesterday, that
the price of corn in Ireland was forty-six shillings per
quattcr ; he bad since learned that it was only forty three shillings.
He felt alarm at the marines proposed by his Majesty's Ministers ;
and this alarm was not conhned to himself, for no sooner had they
been heard of than the price of wheat at Mark-Line had fallen up
shillings per load, or two shillings per quarter.
Lord ELLENBOROUGII feared that the Noble
Earl opposite (Earl Mahnesbury) would fall hit° the
trap which the enemies of the Corn Laws had laid. Ile
alluded to the Report of Mr. Jacobs, which formed a
very interesting bo k of travels, but to which the Noble
Earl seemed to attach too much importance. It was
impossible rot to are that the countries bordering on
the Biltic did not form one-fifth of those that would,
send corn to this it importation were permitted, and yet}
Mr. Jzcobes Report embraced no other, and left out the Nether-
lands, France, Portugal, Spain, Italy, Africa, America, to treat
may of Pomerania and Poland ! He also feared that to adopt the
first measure proposed by Government would be calculated to call
the second into operation. For to allow Hooded Corn to come
into the market would cause a fall of prices aid an enemas, of
cousumption. Should the new harvest then prove But scanty, and the
Bonded Corn be exhausted, prices would rise again, and would en-
able his Majesty's Ministers to bring their second measure into action.
The Earl of M A LbIESBURY said, that one of the advantages
of the Committee which he should propane would be, that Mr.
Jacobs might be examined. It bad been said' that the Corn in Bond
was old, and scarcely fit for the market; but this could not be the
case, as not less than 175,000 qrs. ref wheachad been bonded in IaIS.
Lord TEYNHA M cootentled, that if any thing were done to
depress the agriculturists, who emnposed the most laborious class
of the community, there would soon be two additional millions of
men out of employ.
The Earl of CA RNARVON should feel some objection if the
vote required, to institute an inquiry, were to include a decided
approbation of the first measure—fur he had seen nothing to prove
the necessity of one measure above the other. . Whatever inquiry
was conceded, be trusted that it would not be limited to parts of
the question, but should embrace the whole. He should then come
to the Committee dispaseionately, and certainly without any bias
in his mind against the adoption of the propositions of his Majesty's
Government.

on-Ch;;;tion of the Fart of MAININIIIIIIT, the Lords were
ordtteil to be 'unnamed fur Markley test.—Adjourned.