Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1825-07-01


from analogy in case like the present must neces-
9ariy lead to an erroneous conclusion. In the first
place we could manufacture cheaper than any other
country; but every other country could grow corn
cheaper than we could. la the next, we exported
30 million OF cotton annually and not thirty bushels
slf corn Then there accumulation oil cot /
tons on tie Continent but there was accumula-
ton oil corn.--When there was accumulation OF |
cotton the manufacturer could contract his supply;
BIT could similar measure be adop,eaby the asr-
cultris,, when there was an accumulation OF corn!
Beside these considerations, there several !
others, applying TO agriculture, and not to manu- |
PICTURES, which sufficient 10 convince any lu-
partial man that the argument founded upon this
analogy was any thing but logical. (lIear, Hear.
lie was not OF those who wished to lessen the
rank which the agricutmists held in the country.
70 DE admitted into that class ought to be the aubi
tion of every man who, by his industry and his
talents, rad acquired fortune for his family. lie
was not disposed to look at the landed interest
with a view merely to the proportion it contributed
20 the public burthens. Seeing that rents were now
adjusting themselves to the altered state OF the
currency, and To the diminished burthens OF the
country, he would give such protection as was
suited to the present circumstances of the landed
interest. But there must lie limit TO the price at
which they should adini, foreign corn. They mus,
IL leSislating the subject, look 10 that rate oil
wages depending tire price OF corn, which, when
It arrived must have tendency to drive capital
4 skill out of the country into foreign States
L ey could not force them 10 remain here. They
must loo4 to l'a,of G,teavotf;; BY oRthGrating it,
10 guard against tie evil Ii the consequence OF
tho high price ollabour, arising from hiah price
"I corn, was 10 drive the manufacturing capital
from the country by which 50 many millions were
'mployed, there no class of society that would
slier more by it than the agricultural interest
4I1ear) How did the agriculturists get amarSet
Tor Their pro;uce-how were the manufacturers
Ia Al bt,.
oil The high wage they received At this moment
american GOTTEN goods their passage 10 diff
r. ent poits in the Mediterranean, and were selling
lnrre at price At Which we could not afford to
l'rnlsh them to the consumer. If capital had not
ioir remuneration here, would seek for it in
NiheriSa. To giveit fair remuneration the price
0' ian9ir must be kept down; for if it were not
Kept '!o'va, the distress it would occasion to the
'nlhuI %iuer would soon revert with tcuold force
upon me 1glicGIturst. IN hon member had stated
and Utmost as il 1t had been reproach 20 them tha
'At Norknen OF London had roast beef and plum |
p-@inS on Saturday, Sunday, MONDAY, and Tues |
M. He did not mem to assert that they had il |
mo- and be had li,te doubt th.t thew were ac- !
cet"neI o wash such dainties down ly larse |
uLushts oil The ancient and constitutional beverage
q the nation beer. Now lie would wish the hol. !
hencer the next lime that he pre- ded ut the Farm
eSs CIlo, to ask the members of il, whence came !
Ve roast beef, the plum pudding aud the beer or
D that they were al tie production of the coun-
t-i ana That being the case, he would ask what
would be the condition of those who produced
'iese articles, II the workmen could NOT procure
sloney TO purchase them? Agriculture could not
'oyrt'h unless all other classes in the country were
30 prosperity. commerce and manufactures could
not tie sustained here, if they with greater adj
vhtaSes IN other countries. The profits now
oefFodirom them were smaller than thew had been /
al any former period; and any thing which tended %
increase them, would be productive OF great beneft
ne mentioned this circumstance 10 prove that il !
would be necessary 20 enter at a future time upon
The revision of the Corn Laws; though he main
tanned, a. he had before done that the present was
Ao- iAe moment Tor commencing II. We had done |
- =a deal already 10 promote the freedom of trade:
bur every thing could not be done at once We /
had allowed The importation of wool, of ron and |
Of various articles which had formerly been pro- I
hblied; and the effect of that measure had been to
produce large importation of the prohibited !
articles Some difficulty might arise, if we pro-
cseced too tar IN such SYSTEM and it was there
fore prudent 10 wait awhile where we now were
20 see whether such difficulty would arise; and lift
dt arise, how was it TO be obyiated. BY the mea- |
sure' hitherto adopted they had already done much
Tor lh3 advancement OF trade, but il was iinposs-
bic 10 do all at once. There we're other considera-
tons connected with this subject, which, in his |
oPiIIoD, II would better 10 leave with the Govern 1
mcnt Tor the present. There were some countries !
which still Slowed themselves obstinate and blind
al cred 10 tie old prolibitory system nowith- |
standing the example set by tits countr-. 1t was !
worth conside alton, whether it might not be !
desirable that they should sill retain in their hands
the Of inducing those countries to alter tier
system Tor the better. by excluding their produce
from British ports. The places to hich he alluded
were some Of the greatest growing countries in
Europe: and it MI Int be Of some advantage that !
they Should have an opportunity Of saying 10 them |
until on alter stem you shall moi participate
IN cur free trade. This was anotl er consideration
winch induced him % wish that the question might /
stand over TO some other period. Hewas aware Of
the situation in which he placed himself By recon
ncnding tina, they should legislae on tire sub
ject in the present session. II was possible that
circumstances might arise which would cause him |
to Tegitt IT, The next harvest might possibly be |
s1ch az TO occasion the opening Of the ports - /
foreign corn, which must bring the greatest dis |
tress agriculture, while delerring any reeula- |
zion to tie next session, might be productive OF
mot serious injury to manufactures and commerce
However taking all the circumstances into con
si3era,ion, he of opinion that the most eligi-
bic course TO put of the subject to another
Session. lie mpiored the House, in rejecting on |
tbs question: 70 bear 10 mind that IL was connected
win He other great interests Of the country. Il
was important also TO look at the state of things
during ;he last twelve months lie thought he |
perceived something like symptoms Of excessive
speculation. In some instances there were rlnous
fluctuations Of MARKET and as he feared there had
been overrading. Experience and observation
convinced him that such state OF over-excitefnent
was followed more or lees b. depression and e,n-
banassment. He hoped such would 10. be the re
rult, but 1t well became hose bodies more i'm
ncdEtey connected with the currency Ofthc coun-
try TO watch the state Of The foreign exchanges; II
became the banks not to lend their credit for carry