The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1845-01-07 00:00:00

ties, between hir

.60, appear to
~ ueyond recent experience. -0, al-
most every branch of manufacture has been in a state of Stamps
great prosperity; but of cotton, (now the most important) Taxes
perhaps, without any former precedent ; and in speaking Property Tax.
of the unexampled prosperity of the cotton manufacture, Post Office...
in order to estimate the extent of its public benefit, we Crown Lands.
must not lose sight of the immense scale on which this Miscellaneous
business is at present carried on, and consequently the
rr,
numbers who have, more or less, participated in
thus realised. From the general employm'

consumer, and consumers a
prosperous }

Besides th

' 1 Excise

be prohts ''"' "`""
11 classes
Imßperevsetnro
the
Moneys

at home, there is no present fear of any reaction
manufacturing business of the country, because the ho
consumption (always most to be depended on) is so ver.
extended. We must, however, remark, that .whilst the
manufacturer has been accumulating wealth, the mercan-
tile business has been profitless, to an extent which, un- Total Income.. 150,071,943 51,235,538 '2.1C2.3701 998,7
der the circumstances, it is perhaps difficult to account Deduct Decrease
for, unless to be found in the recent Government mea- .. .1 `gar • • ,•‘• ~n.

I 168,52

ments of

875,513

sures, such as the Tariff, the Corn Bill, and the new Bank
Charter. All these measures seem to tend to cne result,
namely, to depress the value of most articles, for the
benefit of the consumer, and to check speculation ; so
that capitalists have deserted the produce markets and
gone to the share market. This tendency has thus far
been prejudicial to imports at home. Foreign producing
countries hitherto have not suffered, as we the buyers have

;e on t

QUARTERS ENDED JANUARY &

I 1811

1 1845

done, because from competition, and in order to get re-
turnaor British manufactured goods there have been too
ma uyers, and thus sellers have been enabled to rea-
lize good prices for their productions, and the losses have
chiefly fallen on the British importer. On this account,
and for the reasons before named, as likewise because our
marke's have been well supplied, there has generally been
a downward tendency ; and when a decline has once oc-
curred, no matter on how low a price it has taken place,
there have been few real opportunities to produce reaction,
and nestain it. Though hitherto these losses may have
been more felt at home, the obvious consequence must be,
that hereafter the British importer may (and should) re-
tire, and force the producing co

,030,77/ 3,230,940 200,169
523,653 1,601,658 78,005
868,857 1,880,1901 11,633

Taxe
Property Tax . 454,415 487,541
Post Office .. 143,000 146,000
Crown Lands . 30,000 50,000
Miscellaneous 11,91 7 9,190

33,126:
'3.006

20,0001

Revenue

111,829,581 112,307,934 I 481,1

Imprest&otherl

Moneys

50,136 1 146,7

250,980

;rie thec

selves to ship

their produce, which they cannot hold, to the markets of
consumption, or take less prices, A season of similar
disappointment, to that which has just been experienced
here, might bring them to be satisfied with less prices
than they have hitherto been enabled to realise, and thus
check eacess of production and suppl
is accomplished, matters will be in a m

so soon as

We have seen a
with ,our manufacturers, that they have been induced to
throw the holding of stocks on the importer. Let the
importer throw it now on the grower, and then fluctua-
tions will be made to depend more on real supply and de-
mand.

home. wh

Referring here to the late Government measures, we
have already stated that they tend to keep down the
value of all business property-; and this has taken place
at a time when money has been the cheapest commodity
in the market, low as others have been. The tariff keeps
down the price of provisions, and the corn law that of
bread stuffs ; for so soon as there is the leastimprovement

in the latter, there has •usually been enough of Foreign
grain at hand, on which duty, high as it may have been,
has been paid ; at all events on sufficient, not only to check
speculation or advance, but rather to produce decline. As
a matter of revenue, therefore, probably as large an
amount of duty would be paid on wheat as 15s. to 20s.
per quarter, as would have been realised at Bs. per quar-
ter. The late Corn bill further tends to keep down prices,
because under it, impJrters see their interest in selling,
whilst the previous bills induced them to hold.
Now, however, with reference to the general comme-
of The B