Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1824-05-28

tant regulations, favorable to it, have been a
ooPtco within the last year, some of which will
beg leave 10 refer to, with the hope of exciting
the notice, not only of the committee, but of al
others who may feel, as do, a deep interest il
this subject. In the first place, a general o
mendment has taken place in the register acts
introducing many new provisions, and, among
others, the following;
| A direct mortgage of the interest of q sb;r
is allowed, without subjccting the mortgagee e
the responsibility of an owner.
Inc proportion of an Interest held by each
| owner IS exhibited in the register, thereby ia.
cilitating both sales and mortgages, and giving
new value to shipping among the monied
classes.
Shares, in the ships of copartnerships, NAV be
registered as joint property, and subject to the
same rules as other partnership effects.
Ships may be registered in the name of trus-
tees, for the benefit of joint stock companies
and many other regulations are adopted with
the same gencrai view OF rendering the mode OF
holding the property as convenient and as favour
| able as possible.
BY another act, British registered vessels, OF
every description, are allowed to enter into the
general and the coasting trade in the India seas,
and may now trade to and from India, with any
part of the world, except China
BY third, all limitations and restrictions,
as to latitude and longitude, are removed from
ships engaged in the Southern whale fishery
These regulations, presume, have not been
made without first obtaining the consent of the
East India Company; SO true is it found, that
real encouragement of enterprise oftener con-
sists, IN our days, in restraining or buying. off
monopoles and prohibitions, than in imposing or
extending them.
The trade with Ireland is turned into a free
coastin5 trade llght-duties have been reduced,
and vorious other beneficial arrangements made,
and still others proposed. might add, that, in
favor of general commerce and rs showing
their confidence in the principles of liberal inter,
course. the British government has perfected
the warehouse system, and authorized recipro-
city of duties with foreign states, at the discre-
ton of the Prry Council.
This, sir, is the attention which our great III
val is paying to these important subjects. and
we may assure ourselves that, if we do not keep
alive proper sense of our own interests, she
will not only beat us, but will deserve TO beat u.s.
Sir, / will detain you no longer. There are
some parts of this Bill which highly approve !;
there are others in which l should acauiescc /;
but those to which have stated my objections
appear to me so destitute of all Justice, so bur-
thensome and so dangerous to that interest which
has steadily enriched, gallantly defended, aud
proudly distinguished us, that nothing can pre-
vail upon me to give it my support
NOTE.
Since the delivery Of this Speech, an arrival
has brought London papers containing the
Speech of the English Chancellor of the Exche.
| quer, (AIr. Robinson,) on the 23d February
last, in submitting to Parliament the AnnualF Il
| nancial Statement. The author hopes he NAV
be pardoned for adding the following extract
from that Speech, as showing, pretty clearly
whether he was right, in his representation OF
the prevailing sentiment, in the English CO.
vernment, on the general subject of prohibitory
laws and the silk manufacture, and the
| wool tax, particularly.
| sIn the earlier part of what have taken the
liberty of addressing to the Committee alluded
TO that portion of this question which refers to
a more free and liberal system of policy in mat
tiers of trade. To this division of the subject,
will now particularly invite attention. There
are, as of course Honorable Gentlemen are a.
ware, various branches of our commerce, Ioa-
dcd on the one hand with high duties upon the
importation, and which, inan opposite direction,
are encountered with restrictions and prohibit
ons Of different kinds. Among these is the arti-
Gle of wool (1ear.) AS the law now stands,
(which, by the way, as far as duty is concerned,
is of very recent establishments the duty is Cd
per h.; it was originally one penny. This du-
y y
| has been often in my opinion, and indeed in the
opinion also of my noble friend at the head OF
the Treasury, very inaccuratcly stated, for the
! purpose OF protection, but merely with a view
| TO the increase ofthc revenue. But the parties
interested, and who sought the abrogation of this
law, were always told &C You have no right to
| object TO that duty, so long as you require that
the produce of the British wool-grower should
be confined TO The consumption of this country
IL Il ~.
House, or from the persons engaged in the trade;
we constantly said, . If you will consent to the
removal of that impoltic restriction, as We con-
slider it, upon the export of British wool we will
propose in Parliament the repeal of the duty.n
The discussion of this subject led to good deal
of communication, in the last year, with the
manufacturing interests, in different parts of the
country they held meetings, at which various
resolutions were adopted as may be supposed,
1t was found in the result, that there existed
discordancc of opinion on the question at issue.
Some were disposed TO think that the repeal of
the duty would be less of benefit TO them, than
the removal ofthe restriction would be an evil;
they were therefore DESTROYS that matter should
be left just it stands, and that no alteration
should be made they were anxious indeed TO
get rid Of the duty, but not al the expense Of
| the loss Of the protection they imagined the!re-
| stricti0n afforded them. Undoubtedly, however,
majority, may say decided majority, of the
interests concerned in the woolIen trade,
were of opinion, that it would be beneficial t..
them TO accedc TO that sort Of compromise, thai
the duty should be repealed, and free export o
the article permitted. | confess, or the best {
most deliberate view have been able to take O
| the subject, cannot see what reasonable objec.
ton there can be TO adopt such a plan. (Hear
hcsr.) Certainly, part Of the plan shall sub
NIT to Parliament will be- TO reduce the dut,
on foreign wool, from Cd. per pound, which it j;
at present, TO Id. per pound, as il was original
" before the bilrof 1919. ] shall then recon-
tnnnd ihnt British ,-nu be allowed 70 be nxnar