The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-03-30 00:00:00

that these disc

moat beneficial results, and that the caution in-
duced by the warnios° of the public press has had the
effect of mitigating a calamity which could not altogether
be avoided. We make no apology. therefore, for again
submi"-

ing our reasons for the views we entertain.
:ircumstance which has recently tended most to

,n Gover

,nt, to ti

amount

of about £2,000,000 sterling. This transaction will, no
doubt, have, ultimately, a favourable effect on our market ;
but we do not yet see any alteration in the state .of the
foreign exchanges with this country, which indicates pros-

pects of a decline in the demand for specie for exp-orta-
tion. Corn, and other kinds of produce, are arriving in
meat quantities from all parts of the world, for which
--it will shortly be required either in manufactures
Our exports are far from corresponding with
value of our imports, and there does not appear at
:esent any prospect of such an increase as will be suffi-
cient to cover them ; the difference must, therefore, be
-ide up by a continued carport of bullion, and in the ex-
te of the Bank of England, a continued drain of
1+ in increased pressure on the money

payn
or bullion
ti

Of course, all the world knew that this drain for
bullion would inevitably follow a largely-increased
importation of foreign-grown food, or of any fo-
reign product. Nothing short of idiotcy could
have failed to perceive a fact so obvious. It is as
clear as that, if you put a pound weight in one
scale, and only half a pound in the other, the latter
will kick the beam.
We were to have had, moreover, steady prices as
the result of free trade. Merchants were to be re-
lieved from the temptation to gamble in corn, which
the sliding scale was said to induce. Has it shown .7'51
itself thus far likely to effect either of these most
desirable results ? We have had more speculation
in corn since the passing of the corn law bill than .A
at any period within remembrance. Scarcely a
merchant can be found in this great port who has
not more or less dabbled in grain, however widely
removed such business may be from his usual avo-
Prices have been run up to famine rates,

in the face of vast stores available in foreign coun-
tries,
and sure to be attracted to this country. We
have had food hoarded up whilst thousands were
starving around our granaries. The recoil has come.
Holders for increased rates are startled from their
dreams of grain by the immense supplies which
our ports every tide; and prices are
t a rat

Ming rapidly,—
hich must prod

indeed

wicleiy-

pread ruin. Steadi-

f gambling in grain !

ness of prices ! Abseil(
Why the operation of free trac

rather to

appea

)e to produce fluctuation, and to place th
he people in the position of a shuttlecock
.

between

competing capitalists—speculators for a rise or a
fall—whilst Englishmen, with hungry lips and

gaunt fleshless -faces, are to stand by until, the
players tired, and the game at an end, the great
staff of life falls within the reach of its expectant

UNFORTUNATELY for this commercial country,
embezzlement by clerks and servants placed in

ns of tru
'err, na Si

by their employ

iunate it is that in

can he dete

El he has

have placed confidence in his integrity ; and very
frequently he escapes the punishment due to his
throurh the hindrance which the law itself

In nine