The Statesman.
London, England, 1823-02-13 00:00:00

iN50dr..12,4.401m5.

• .
.
Ass. . =llmis. Ail. •
1 Dublin .- ' 0 ' 0 ffelisse" i•
1 Waterford 0 • 0 Hombre' '
1 O. at Jersey • 0. 2 • Praise - ...4 •• 4 "
9 Lisbon 1 - 0 readers - '4 •
0 Gottenburr - I- 0 'Brasil --. 0 •
1410 g OF STdC&9 THIS -DAYAT ATONE O'CLOCK.
Desk Stock . ..... 1136 331 ihdle Stock.... 937
slog Ct. Rd 731 Ditto Bonds .. 20s 31s . pa.
4pCt. C0n5...... 741 i South Sea Stock ... ... , ..
er Ct.
• per Cents 9340 1 Sxßill.2d. 2 13s I Is- Pm:.
New Fours ... . 9311f i i 100111. S
\
I per Ct. 1797.. --OUL 140 Ili. pa.
Long Ann 19 7-16 9.10 710 —;---4-4111111 081) Is pt.
iroP• 3 Per ct• •• • • • • • 741 Con.forloct.... 740 741101
Irish p per Cents i Lottety'rretets ..... 291.. Ms
. .

" 4

*tatetintan.

1.601.
THLtittAAY EVENII\G, FEURLYA4O3, Y 1123.

PARLIAMENTARY COMMENTARY.
Ix TniLoaos there appeari tb ',awoken no house.
Le Ins Cate mesas there was same tnatier of very great
importance. f two topics only, however, shall we
take notice -
Aoir, qp • as •Lieutendit-Atteral of tie 041,:
ssyntes.• 00:41ib ietter subject Mr. Hume met with a
14,:klaikiiatk. Agiiigibui.iii( Sir F'eaiicie ou'ide. it.
-
cults worthy of• the orators tef the human racea—llow-
ever.as to the first, bilr.Walloget snored for the re-appoint-
went of the CoMmittee on 'Pariiiget Tilde. This gen-
Annan his belonged to the Bpardif trade; and, we
interpret the speech of Mr. Canning. to: man that Mr.
Wallace, who stood next in place to Mr. Robinson, bad
i, resigned, because Mr. fluttitisron was brought in and put
over his heal.—All manner of praises were, upon
this occasion, bestowed on Mr. Wallace, by Mr. Baring,
Mr. Ricardo, Mr. Botterworth, Mr. Wilson and Mr.
lime. Tbis gentleman has been pursuing a new sys-
tem of corstnerce, or, rather, of commercial regulations
and law,. He is a Scotchotan, and like all Scotch poli-
ticians, withont one single exception appears to bo
wholly insensible of the benefit of the Navigation Laws.
The system which he has pursued, therefore, is a system
which mist, If persevered in, destroy the wheleof those
Laws. He appears to have been a very active officer;
and we d'art say that he may merit. all the praises be.
stowed on his intelligence and his seal; but we are at
the same time, not the less perfectly satisfied that the
system which he has been pursuing would, if pushed to
its fall extent, totally destroy the naval power of this
country, and render it what the Dutch long have been.
...This is a subject, with which many of our readers are
not much acenainted.— --A f..w words, however, if
we can contrive to place them well, will give
to those readers a sufficiently clear view of
deg matter. Commerce and Navigation, when those
words are applied as in the present case, differ in this
the first relates to the affairs of the man who deals in the
goody that ate carried in ships; and the second relates
to the affairs of the men who own the ships themselves.
It was the opinion of Our sensible and public spirited
..,___onerioys_,,..9kat to have numerous ships and numeroos
sallorsoiad tatlier:leraidnosreateree, erns letter ler elee
Nation thait to have boundless Commerce, with comps•
fatively few ships aid sailors. Out of this principle
arose those laws, called the navigation laws, the great
object of which was, to keep up the number of ships and
sailors. These laws are numerous, and contain a great
diversity -at regulation ; but the whole have a tendency
to vanse English ships and sailors to be employed in pre
ference to the ships and sailors of other countries. For
instance, they lay a heavier duty upon the same goods
brought into our Ports by Foreign Ships. This is only
one thingonention?d merely as a speciusen.Now, there is
no doubt that this has a tendency to abridge Commerce.
if Commerce be abridged, so much is not gained by it.
But our sensible ancestors preferred the smaller gain
with the greater security and power,to the greater gain,
with the smaller security and power.' n our present dope-
tate circumstances, loaded with Debt, as we are, and
anxious, as the Ministers have been, to augment the
revenue, there has for some time, been going on,
i gentle chipping away, of these navigation laws;
and Mr. - WALLACE appears to• have been the
thief instrument in this work. Mr. Hoots compli-
mented Mr. IVattacx on having done so much to remove
restrictions; so much to enable our merchants to c.c.
art ell their. energies, " and to put forth all their
strength in the pursuit of' their own interests." Alas !
Mr. Hume, that strength most, necessarily, produce
weakness to the country. It is, in fact, a barter of
power, permanent, solid power, fur temporary gain ; for
the gain must be temporary, seeing that, without the
power, it cannot be preserved. Whether the Ministers
Mean to pat a stop to this destruction of the naviga-
Ilion laws; is .mere than we .can say ; but, though we
i have no doubt of Mr. Wattact's beteg a very upright
and clever man, we ere quite sure that hie :schemes
,zonldioe'destrative to the naval power of the mutter.'
lamtne, the talk Abuut Mr. WALLACZ. Mr. RICARDO said
something about* exports, which has drawn forth a set
eulogiuta from the Morning Chtoniele, which eulogium
.conlal not hare been much Meier,' even if Mr." Ri-
cardo had written it himself; or, which is much about
the same thine, if it hail come from the pen of the
a' SCOISMak." • The Chronicle imputes to Mr. RICARDO.
a sort of oracular discovery; namely, that a superiority
of I,xports conipared with imports is no proof of gain to
tie country. A discovery, which, it is said, the great
PITT could not make. -It was made, however, in the
second part of Paine'i Rightsof Has,",published just one
wad thirty years ago; in that book, against which a
Royal Proclamation was issued ; for publishing which
hook, some one or other is regularly put In prison about
once a month; in that book, of which mere than a bun-
g aired and fifty thousand copies have been published in
England; in that book..the thing is explained in a man-
net, which Me. RICARDO could not imitate, even with
the Chronicle and the Seolamon to assist him, if be were
•
. to sit down and try at ,it, till the, day when the Jews
ahall be rettoredsed their heritage, that lamed .day,
when they shall Oise sent off packing bash to
miens, and cease its leas the blood of this galled pad sin-
pitied naticta.--Upos this occasion, toti, AT f. RICAEDO
wak occasion_ to observe, Attest in the worts of 'the last.