The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1843-03-31 00:00:00

t they had acted long fide

excitement by means of the
ho had been at--

s of the part

J. GrtAtts4 said that the speech of

Jy decided by the Court of Riwen's
trates in the Dudley case had acted under an erro-
neous notion of the law, but as they had acted with a proper

the ma

1: intention to preserve the publii
orneut, the court. refused to-grant

de was di

V had noted illegally the ru
The fullest invest

it paying; (he costs.
0 place, and lie could not see what further
uiquiry it was necessary to institute. He feared there was
some truth in the observation of Sir C. Napier on the prc-

Lad therefore taken

vious evening, that monomania was on the increase. The
gallant officer before him (Capt. Pechell) was haunted by the
Gilbert unions, while the hon. member near him (Mr. Per-
rand) was haunted by an assistant poor law commissioner,
and beheld Mr. Mott and the union of Keighiey always be-
fore bird: with the utmost horror. The hon. member for
Finsbury had his monomania also, and took it for granted
that the judges were dkerMined not to act justly—that the
magistrates were all monsters:---that- juries were all wrong in
their decisions—and that the chartists were the very cm-
bleMs of the purest innocence, utterly incapable of doing any
thing whatever contrary to propriety. (Laughter.)
"Mr. MuNTz said that he had nothing to say in favour of
the petitioners, whOse- conduct and proceedings he did not
approve of ; but if it. were not for the proceedings in the
Court of Queen's Bench, he would haVe supported the mo-
tion. As, however, the decision of the Queen's Bench had
shewn the magistrates the illegality of their conduct, he
could not see the necessity of the motion.
Mr. DuNcomnE, in reply, said he. might be labouring under
monomania, but ha believed it was a monomania shared in
.by every individual out of the house—(laughter)—at all
events by those in the-manufacturing districts.
The house then divided, and the motion of Mr. Duncombe
was negatived by a majority of 196 to 32.
The other orders of the day were then disposed of, and the
house adjourned.

ROYAL LIVER THEATRE

FOR THE BENEFIT OF MR. W.

R. COPELAND

(AN MONDAY EVENING next, the 3d April, when will
1., be acted the celebrated Mclo-dramatic PA of

FOUNDLING OF TII.-FOREST.
After which, the laughab Burletta of
THE WANDERIN MINSTREL
To conclude with t lebrated Farce of
HIGH LIFE ,OW STAIRS.
__

Tickets- th be had of Mr. W. R. COPELAND, No. 23.
Boughton-street, and of Mi. COOPER, at the Box-otlide
the Theatre, where places may be taken from Eleven tc
Three.

TO MERCHANTS, BROKERS, AND OTHERS

The largely increased and most respectable circulation
which the Tuesday's. Edition. of the LivERrOoL
STANDARD has now obtained amonyst the mercantile
body in Manchester affords its: proprietors the gratify-
ing power of urging this, amongst the other undeniable
claims which it possesses, upon the favor of that portion
of the mercantile community of Liverpool who desire to
bring their advertiieMents before the notice of buyers in
the neighbouring manufacturing districts. In most of
the surrounding towns of Lancashire the circulation of
the STANDARD is steadily increasing. In Manchester,
however, the centre of the manufacturing district, our
publication of Tuesday—occurring upon the most im-
portant market day of the Cotton Trade, when its
Exchange and Hotels are thronged with country mann-

facturers, spinners, and calico printers—is firmly es-
tablished in circulation, and is perused with increased

and increasing interes

Under these encouraging circumstances, icc trust to

receive an increased measure of support front the mer-
chants and brokers of the town generally ; and it affords

us great pleasure to assure those of our friends amongst
those,clo.sses,who have hitherto bestowed their adver-
tising favours liberally upon us, of our increased ability
to do justice to .the interests committed to their care.

Ebt ii.tberpoot gPtanlarl3.

FRIDAY MORNING, MARCH 31, 1843

We endeavoured in our last, (in reply to some ob-
servations of the Manchester Guardian,) to separate
the operation of the corn-law of last session from that
of the law which preceded it, in order to arrive at the
fair mode of arguing the question as between a fixed
duty and that modification of the principle. of a sliding
scale which we.have now established. Although, thus
far, imperfections are admitted to have been displayed
in the working of the present• bill, we maintained that
sufficient indications had been given that those im-
perfections were, to a considerable extent, temporary,
and influenced by peculiar circumstances ; and that
the only fair comparison which can be inStltated
tween this measureand a fixed duty.rmtst be by taking
the former. 'not as it workediduriug'ito.,first season,
before its. Provisions and. tendencies were understood,
but as, from indications already. it may be -ex-
pected to, work. hereafter.. .Upcin-..this principle we
now propose entering upon such comparison. And,

first, let us see what will be the operation of afrxecl

The -Gutzi•dian says,. thpt tau Olt
• " Under a fixed duty, this temptation" (to operate
-suddenly and rashly in foreign markets, with a view
more to the saving of duty than to legitimately ac-
quired profit) " would never exist at all. As soon as
apprehensions began to be entertained of'a l‘ate harvest
and a deficient produce from the growing
_crop, import
and the paYment of duty
.would 'immediately com-
mence; but there would_ be no sudden and .reckless
purchases of majions pf quarters at once—no clearing
out of the stocks in the nearer continental ports, at
i
almost any prices, n the hope of avoiding the payment
of duty. Such purcha'ses would be prevented by the
absolitte certainty that any corn, so purchased, would
have to come.into. competition with that which would
be bought with greater prudence in more distant mar-
kets, and introduced at the same rate of duty. The
purchases would therefore be made gr.adually, and the
imports would continue steadily throughout the year,
precisely as the imports of wheat were a few years ago
made from Ireland to England, and as consignments
are now made from Essex and Sussex to London."

This is of course the Guardian's supposition—aid
no more—of what would be the operation of a fixed
duty. We have already admitted the probable cessa-
tion, under such a duty, of large speculative purchases
at the period of harvest ; and claimed the same fea-
ture, as belonging to the present law. We shall
equally, under this law, have no " sudden and reckless
purchases of millions of quarters at once ;" no "clear-
ing of the stocks in the nearer continental markets, at
almost any prices ;" and for these reasons. The hope
of avoiding the duty—" the temptation," (the Guar-
dian has himself admitted)—" is decreased," quite
sufficiently to interpose an effectual barrier against
such insane operations. Combinations of capital can
no longer succeed in running up prices, from one end
of the se-ale to the other, in the course of a couple of
months; mid titne their speculations so accurately that
—whilst the'ascending average operates to bold back
supplies, as stringently as the ports were blocked up,
and the descending average forms a trap to catch the
unwary—a week or a fortnight's space is the utmost
that is left for the fortunate gentlemen of Mark-lane
to make their harvest ! This kind of thing, even the
imperfect operation of the present law has demon-
strated, cannot be done. The stringency with which
supplies were held back under the old law does not
exist in,loctice:Aqer ,the present. . Where the scale
slides by a shillinkAta; time, an urgent demand, and
the offer of a ilittliCi;eibove:the average price, will
bring the foreign .artiele into .consumption, except
when the averages are advancing with extraordinary
rapidity. The miller who wants wheat, for mixing
purposes say, will, if his need be urgent, buy, and re-
lease his purchase, at the price and duty of this week,
rather than wait for, the lower duty of next, accom-
panied, as that lower duty will be, with increased price
of the bonded article. That voracity—if we may use
the term—of the consumer, which so materially aids
the speculator's operations, will thus he appeased by
the admission of supply according to the pressure for
it. And whilst this is the case, the fall of the average
and the rise of the duty will not be so rapid as to make

failure. in the timing of the importation so disastrous,
and price, therefor', in the foreign market, an object
so disregarded. We doubt much if the average can,
except on extraordinary years; be forced up much'
beyond the •Bs. or Gs. point; and it Will'alwayS, as last
year, remain, for sevvrat feeeks, within a few shillings,
(ascending and 'descending,) of the lowest point,—thus

giving facilities for the introduction of purchases
" bought .with greater prudence in more distant mar—
kets," which must operate against headlong
,purchases

in the nearer

Under a fixed duty, the Guardian save; that "pur-
chases would he made gradually, and the importations
'would continue steadily throughout the year, precisely

as the imports of wheat were a few years ayo made

from Ireland, and as consignments are nolo made from
'Essex and Sussex to London." We maintain, in re-
ply, that, if undue speculation can be kept under, im-
portaiion will also continue throlghout the year, under..
the operation of the present law; for this, in fact, has