Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1824-04-30

The King then proceeded to his ROYAL closet
where the Rev. DIR. Bethel, Dean of Clutches
ter, was presented to his Majesty, to kiss hands
on his nomination TO the Bishopric of Glouces
ter, upon which occasion the Rev. Prelatc iii,
homage before his .uaicsty, the Bishop of Lin
com Attending the cefeinony, as clerk of tn,
closet. The King held privy council. which
was attended by most the Cabinet Ministers
at winch Sir John Owen was introduced. ans
! sworn IN lord lieutenant for the county Of Penn
broke. His .Najesty then proceeded, ATTENDED
by ms great officers of state, TO receive the com
pli'nents of the foreign ambassadors and minis
tiers.
The business in Consuls this morning, Thurs
day. has been on a very limited scale, oorn-
pared with the two previous days. Tho price
opened al 33s, and it is now 93s to /. There has
been a fall of near per cent. IN India Stock
owing to q report of the arrival of bad news
from China, of which we have not been able to
ascertain the particulars.-Courie7'.
intelligence has been this morning Thurs
day. received, that the Chinese have refused
permission for the English vessels TO load tea at
Canton. India stock, which yesterday was 284,
IS to-day 2a0.-G!obe and Tiuoeilcr.
Letters were on Thursday morning received
from Gibralter, dated the 9th Feb. stating that
an American vessel had arrived at that garrison,
the captain Of which reports that he spoke two
AtSerine frigates off Cadiz.
LfvERPooI., NIarch 13.
The concluding words of Mr.. Huskinson,s
speech on Monday evening, on his motion with
respect to the silk duties, are remarkable He
had been arguing at great length in support O!
the general principle of freedom from restrictions
iii commercial intercourse of which principle
this measure, IN regard of the silk duties, was
intended rs an example and experiment.
If(said he) for advocating such principles,
should be accused of leaning strongly to a l;bcr-
al policy, shall at once plead guilty to the
charges for, in my opinion to be liberal in
matters of commercial policy, is to remove the
dtlicultieswhich have hitherto prevented free
Intercourse between different nations-is to ex-
tend to each the advantages and enjoymcnts of
the other-is 10 promote arts, science, and civil
lilation; and, in word, is to advance those sa-
iutary, beneficial, and enlightened principles,
which are best calculatedto increase the wealth.
opulence and p6wer Of the country. In short,
am liberal to other countries, because by be-
iis; SO feel that best consult the interest of
my own"
These words are remarkable, as expressing
how entirely ministers have yiel led 70 the con-
viction of the wisdom of a liberal commercial
policy, and assurance that this liberalitv
will be carried into practice as speedily and as
extensively as it may be id their power with
safety TO carry it.
truth Of which We have a clearer apprehension,
more satisfactory conviction, than we have of
the truth Of tbs propositionn political economy,
that every shilIing's worth of the production of
the industry of foreigners, which We import, &C.
casions the production among ourselves, by our
own industry, of something of not less than equal
value to that which we have imported. How,
is the article imported 10 be paid
fore II we pay it il specie, plainly the specie
itself (snce il is not Indigenous, nor is showcred
upon us from the clouds. must be procured By
exchanging for it something of equal value
produced by our own industry.
the admission, then, Of foreign productions to
our markets, to compete with our own produc-
tions. can only occasion change of the commo-
,iiiitics on which industry is employed, but
cannot at all diminish the gross value of home
production, cannot be the occasion of a less
quantity of domestic industry being in action,
cannot lessen the gross sum ofnational wealth.
however it may alter reverse the Giro urnstan-
ces of individuals
Now, allowing it TO be supposed that the ar
suulents for free trade cannot carry us farther
than this that in mere economical view it is no
disadvantage, that it occasions no dininution of
national wealth, Ito which point at least, the ar
gunent is as clear as demonstration is not the
slightest hint sufficient to set the mind in rapid
travel over the vast extent and variety of good
ia other respects than that of mere national
wealth, which a liberal commercial Interchange
among nations is calculated to produce.
The passage which we have quoted from Mr.
Iu ks:on's speech, forcibly illustrates this idea.
No conception which the boundiess and busy
fancy might create, could Gil the thought with
higher more pleasing matter Of reflection.
Pursuing the train of thought, we are brought
to see commerce in truly dgnihed charater;
not alone as the instrument of individual and
national wealth, but as great moral power, of
an influence like to that Of religion 1--WE speak
not irrcyerently,) binding together the whole
people Of the earth in one society, insinuating
every where the ties ofndividual amity among
the subjects of different governments, SO that
sometime war among nations may come to be
not more rare, nor viewed with less horror, than
the visitation of civil contention. Ifthis seem
to border on extravaganza, it is the eXtrava-
gance at least of reason, not the romance Of i'm
agnaion.
We have said above the change from a res
tiictcd to liberal commercial policy, is not TO
be effected without temporary loss to indiydu-
ais; but who can view, without respect and
praise, the caution of government, in this re-
gard, 10 those measures which they are deter
mined 10 adopt,--tbe unaiIecte' wish and en-
deayor TO compensate, as far as possible, any in
divi,lual injury. Victor our own parts, expect
no such li5eraity from! any one, as that he should
heartily applaud that measure by which he HIM
self suffers, however much it may be for the
good ofthe community. But when this interest
is obviously not sighted, but in every way that
is possible guarded and cared for in the change
which is effected if we may not demanded him
heartily to give his commentator, we may
expect that he shall not petulantly complain.
Courier.
-
JUST RECEIVED,
a by the Leader, Tobacco Plant and Virginia.