The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-05-03

S"iuuSe VI VIC original causes operated
that the Select Committee recommended
the application OF remedy. 1t only. re-
NAMED, therefore, to consider, thirdly
whether the measure suggested in-the re.
port was calculated to remedy the evil.
He had no difficulty in admitting tina,
there were circumstances which marked a
considerable difference between the presen,
case and that of 1898. In 179S the mar
.kets were not wholly shut; they were only
interrupted. The stagnation of trade was
then purely temporary Credit had al that
period received check; but it was check
which little time would restore. Al pre-
sent the markets from which relief might be
derived were two-fold; South America for
the disposal OF our manufactures; ADD Eu
rope for that OF our foreign produce
The markets in the Western World had
been stopped by glut. a glut, however,
was but temporary suspension of demand.
There was no difficulty in the access to
those markets: the only difficulty was in
finding purchasers for the British manufac.
lures exported ,hither /; but he trusted thai
at no very distant period this difficulty
would be removed.-With respect to the
markets of Europe, they were at the pre-
sent moment closed against us bv edicts of
the greatest igor Bat experience had u
Universally ,hewn that, after he adoption of
commercial restrictions of great rigor, az
though these we're felt for the time ycttha
a practical relaxation soon ensued. He had
no doubt that the exertions of the mer
chat, and the W nts of the Consumers,
would fad means. in a great d. gree, to ob
vi tie the disadvan ages at present existing
Therefore, although the present case was
not exactly parallel TO that of 1898, yet no
man could say that there was nos prospect,
that, IN IL months, a. least, commerce might
experience some advantageous change. But
even were this change barely possible, in
stead Of being probable, in his opinion the
measure proposed by he Select Committee
ought to be adopted. Parliament ought to
attempt to relieve the distress No one
Could say that the attempt would not be
completely successful The worst that
could happen was, that it would leave the
commerce of the country at the expiration
IF the twelvemonth, in no be ter = state than
thar in which was at present He commended,
therefore, that as it could NOT make the
state OF Commerce worse, bur might make
it much better, Parliament were bound to
try the measure recommended to then.-
10 meliorate the state of Commerce, IF not
wholly to restore it, would be an advantage.
The consumption of he domestlc markets
the opening Of the markets of the western
World would afford some relief; and when
to this was added tina, which might result
from the chances of war, the wholc affor
ded, in his opinios. sufficient Justification
of toe proposed effort. Ehe justice of this
reasoning would b. Confirmed by cnn,idera
too of the mature of the grievances as par
ticuiarly connected wi the c,,ton manu-.
iacture. The rapid growth Of this manu-
facture, up 20 the period, wher the distress
began be strongly felt was ex raor.linar,
it appeared by The repori If the committee.
that the Official va Nc OF cotton manufac .ur 8
exported from Great Britsin In the wear
ending the 5.h In 1903, was $40 1891.
in the year ending Jhe 5th January, 1909,
l3,835,S03l. IN the year ending the SUI ia
nuary, 1910, Is ,616,723l and IN the three
quarters ending ine 10th October. 3 sol, 1856.
1t thus appears. tina the exports were Hau
oled in W. years, and that the trade WIS
suddenly checked atits very acme. Tns
immediate revulsion which such 4 cneck
would occasion, must necessarily be felt
with the greatest severity. II tine were
allowed the merchants and anufacturers
20 bring themselves round. the evil " oula
De materially diminished 1t was to this
object that the proposed measure was di-
rect q. II went 10 give the merchants and
traders an opportunity of applying Co other
resources and TO spread over larger pc
Rod OF time that pressure Of distress, which
fconhned to single moment must over
whelm those who were its victims He APP
pretended nc had said enough 70 satisfy the
committee tha! although the present case
differed in soDle respects from that OF
1898. there was sufficient resemblance to
@arrani hiTu IN recommending the adoption
Of q proposition ut the present period simi-
ar to that Adopted in 1898. In doing this,
however, regard must be had to the cir
cumstance, that the extent of the trade on
which the present distress operated was
much greater than in 1898. II the commit.
lee, therefore, desired to make the measure
sffectual, it they wished not to starve It by
4 stin,ed vote, they would agree TO the re
of the Select Con- mittee, that
the relief afforded should be six millions
instead of FIVE. The cCiD an issioners appoin
ted in 1898, although empowe cred to grant
relief ia the extent of FIVE millions. did not
actually issue mofe than two millions two
hundred Thousand pounds On a similar
principle, he should propose to empower
the Commissioners IN the present in6tance
to gran relief to the extent OF SIX miiiions,
not with the supposition that sum would be
required. but that reief being open to sucb
an extent, the credit of those who
were suffering might be sustained, and
themselves rendered able 20 go on with
much less perhaps than would otherwise be
necessary.
The regulations and restrictions which
accompanied the measure Of 1898, were
those which he should propose to the house
for adoption at present; with this e%cepti-
on, that, from the nature Of the case, he
would recommend the periods of repay