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

3 sufficient answer had been given to wawa the o.

!d by the Cour

had

nation, though as they had act
,charged on their paying the cos.
lad therefore taken place, and It
oquiry it was necessary to ins

some truth in the observation of Sir C. Napier on the pre-
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. Fer-
nand) was haunted by an assistant poor law commissioner,
and beheld Mr. Mott and the union of Keighley always be-
fore him with the utmost horror. The hon. member for
Finsbury had his monomania also, and took it for granted
that the judges were deterniined not to act justlythat the
magistrates were all monsters—that juries were all wrongli
their decisions—a-n-d that the chartists were the very, em-
blems of the purest innocence, utterly incapable of doing bn)r
thing whatever contrary to propriety. (Laughter.) •
Mr. Mtmrrz 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. DUNCOMBE, in reply, said he might be labouring under
monomania, but lie believed it was a monomania shared in
by every individual out of the house—(laughterat all
events by those in the manufacturing districts.

The house then divided, and the Motion of Mr. Duncombe
negatived by a majority of 196 to 32.
other orders of the day were then disposed of, and the

house adjourned

ROYAL LIVER THEATRE

FOR THE BENEFIT OF MR. TV. R. COPELAND,

rIN MONDAY EVENING next, the 3d April, when will
V be acted the celebrated Melo-dramatic Play of

THE FOUNDLING OF THE FOREST.
After which, the laughable Burletta of
THE WANDERING MINSTREL.
To conclude with the celebrated Farce of
HIGH LIFE BELOW STAIRS.

Tickets to be had of Mr. NV. R.i COPELAND, No.• 23i
Houghton-street, and of Mr. COOPER, at the Box-office of
the Theatre, where places may be taken from Eleven to

MERCHANTS, BROKERS, 'AND OTHERS

pectable circulation

.day's Edilion of the LivEßPooi.

ANDARD has now • obtained. amongst the mercantile

'uchester affords its

nroprietors 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 advertisements before the notice of buyers in
the neighbouring manufacturing districts. In most of
the surrounding towns of Lancashire the circulation of

TA N DARD is steadily increa.

In Manchester

however, the centre of the manufacturing di.itrict, 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—ls firmly es-

tablisked in circulation, and is

rul increasing interest

Under these encouraging circumstances, zee trust to

receive an increased measure of support from the met

chants and brokers of the town gene; ; and it affords
us great pleasure to assure those of our friends amongst
those plusses, who have hitherto bestowed their adver-

tisiny favours liberally upon us, of our increased ability
to do justice to the interests committed to their care.

Ebt Zthcrpool &tanbarb.

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 instituted be-
tween this measure and a fixed duty must be by taking
the former, not as it worked during its first season,'
before its provisions and tendencies were understood,
but as, from indications already given, it may be ex-
pected to
.work hereafter. Upon this principle we
now propose entering upon such comparison. And,
first, let us see what will be the operation of a fixed

duty.
The Guardian says, that
" 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 late 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 millions of quarters at once—no clearing
out of the stocks in the nearer continental ports, at
almost•any prices, in the hope of avoiding the payment
of duty. Such purchases would be prevented by the
absolute 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 gradually, 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—and
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 scale to the other, in the course of a couple of
months; and time their speculations so accurately that
—whilst the ascending average operates to hold back
supplies,. as stringently as if the ports were blocked up,
and the descending-average forms a trap to catch the
--a week or a fortnight's space is the utmost
fortunate gentlemen of Mark-lane
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 practice under the present. Where the scale
slides by a shilling at a time, an urgent demand, and
the Mier of a shilling above the average price, will
bring the fc,rcign article..into consumption, except
when the averages are advancing with extraordinary
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 be 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,
'lnd price, therefore, in the foreign market, an object
' disregarded. We doubt much if the average can,
raordinary years, be forced up much
_ or 6s. point; and it will always, as last
year, • remain, for several weeks, within a few shillings,
and descending,'

unwary

that is left 'for the

to make their harvest !

rapidity

on ext

beyond tl

) of the lowest point,--t