The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-06-27 00:00:00

e support of the people

_
_ , this rotten
el in our eyes at every step.
plea of not guilty, or a plea
tences for every conceivable

'ay we may

id placed before us the finding of I
ee of the House of Commons,
re into the causes of th

recent

ress, and especially into
Lng of the Bank Charter
Ice more, we have the same into-

h the w

4e of having been drawn
ented Chancellor of the

al concurrence of opinion
aed before your committee,

.d importitiOns of various 1
place in that year."

)rimary cause." We were

I
,ensation of Providence,
,e-trader had been telling

rest to do permanently, viz.:
on of our food. We sent
s of money into the markets

rn ; and, as a nation, we are
hat thirty millions as we have
ur. The thing is palpable
case may lie in a nutshell.

for in
The m

the position- of the farmer who
grocer's for the vegetables he
s own garden; or, of the work-

Is threepence a-week for shaving,
razor and soap at home. The
has not taken our tnanufac-
, at least in the first instance.
Table portion of the value of
and now let us see how the

a nation by, say half of the
we have had to pay for food,
g hapn paid in labour. WP
Steen millions of our capital.

he depreciation which

description of property,
t moderate estimate, to two
ins ? It does not more than
ses in foreign produce of in-
ring the last twelve months.
ice of the nation's capital
_ capable of creating the mass of
hich we see around us ; but when we
rifice in connexion with our existing
and, above all, when we turn
tory thirty or forty years, and
how, year after year, we lavished double
im in war expenses and subsidies to foreign
anything like the present
rganization, the cause and
•elief, and must be palpa-
n not utterly infatuated with the pet
• •
, or not dishonest enough
e periodical plunder which
at the expense of the in-
rprise of the nation. To pro-.
ipply of food for our people, we
gold which we have declared
pledged with the bank as a se-
circulation of the country ; and we
es in the position of a community
We had goods and property
ds to sell amongst ourselves, but
give cash for his neighbour's five

at the r

merchar

system of cu
back the ma

obse
this
pow

without creatin

nercial d

gh of all

none of us could

pound note. We could not balance our transac-
tions; and we had therefore to set about getting
back our gold from the foreigner to relieve our-
selves, or rather to unloose the knot with which
Sir Robert Peel and the bullionists had tied up the
hands of tbe bank. How was this to be achieved ?
How was our gold to be got back ? How has it
been got back ? By an indiscriminate sacrifice of
British products in every market of the world; by
paying thirty shillings in materials and labour for

otato crop was the "primary
cause" of all the suffering we have had to go
through during the past_two years. True, most

man* ca

Perhaps a fewmore pri-

discovered in the legislation

at was the great, the
ch crushed us ? When a
bour under a cart wheel he
)rimary cause of his neighbour's
mb or life; but the wheel must be taken
lsideration. Admit, then, the potato rot as
primary cause of our commercial suffering, and
Tres of Sir Robert Peel be the
tolerably fair solution of the

n machinery

man push(

may I

called

loss o

let the curien

iestion at issue
he wh