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


oonued corn which had been warehoused for sig
years, and OF enabling the owners 10 bring il into
the Market ard as he meant shortly TO bring that
question before the house, he thought the present
very lar opportunity of stating the grounds ON
which he should recommend the aloption of the
MEASURE 10 them The first was, that there might
re possibility of the ports opening in CONSEQUENCE,
vi uie price OF corn reaching its maximum He
oo NO. TOOK mucn TO the consequence of the influx
'i'o "he market oil that corn at a period when he
saw no prospect OF the price of British wheat being
reduced below the sum of Cos. The foreign wheat
ought not to be suffered to lie in war, houses 10
rot, when the public nigh, be benefited by BRING
ing IL into the market. The quantity of foreign
sRthl IN oond IN the Kings warehouses prevnns To
wheat; OF barley and beans there very little,
and OF oats at all; and if any one could rise
and state objection the admission of that corn
into the market in order prevent the fall of the
price OF the article, he ould have different view
OF the interests of the country to what he had 1t
was not from any feeling of regard to the owners
Of the corn that he made this statement. They had
siecuated in the article and must stand by the con-
sequences of their speculation. They might have
made profit out of it; as things had turned out.
thei had sustained loss. Considering therefore,
the charges which the parties had already paid upon
this corn, and the loss which they had sustained,
not only in being deprived of all interest on the
capital which had been locked up by H. but also in
being deprived Of the of that capital ITSELF lie
was that if they were now allowed to sell that
corn at SOS. per quarter, they would be losers by
such procedure. The proposal which he should
hereafter make to the House, would be th;s-that
The corn now in bond should come ont at 70s PET
quarter. Now the averages at the end OF March,
before this question began be agitated, were Cos
per quarter and before this time would have reach
ed 70s per quarter had il not been for its agitation
He thought that when the price of bad reached
that sum, the House would not oblec, TO the adms-
sion OF bonded into the Market on payment
OF duty Of IS. o. los. per quarter, especially as
it would still leave the owner, of it liable tc very
considerable loss. They would not be at liberty
| to take it out of bond all at once; but as four
menths must elapsc before the commencement of
the next harvest, they would be at liberty 10 take
II out in four quarterly portions, provided that if
the whole of it not withdrawn by the 18th of
next August, the owners of should be liable 10
all The conditions upon which it originally i'm
ported. He thought that by such system the
country would be saved from that revusiou which
might otherwise take place should large impor-
tation Of foreign take place before the month
of August next ensuing. Another advantage
which would arise from it ould be ths--that
much of the accumulated corn in this country
would be d posed of before the arrival OF the peri
/ cd when the corn laws must under the revis-
ion OF Parliament He, therefore, thought there
could be no rational objection to the details Of the
measure which he had just mentioned; ne should
bring it forward early day, and he trusted that
se should then be able TO convince the House that
! duty OF s.. or los. per quarter would be quite
sufficient for the N election of the interests OF all
parties concerned in this great question. The
House " oud not, he was sure, expect him to go
at any length into the statement oil the hon. member
for Bridgenorth, 10 enter upon the view which
he took OF the proper course 10 be adopted upon this
subject. The reasons why such a mode of pro-
ceeding would be highly impoliiic were so obvious
he cd ,bo
He could not, however, refrain from dissenting
from the language which had fallen from his hon
friend the member for Suffolk, who las modestIy
asked, why notIet well alone?'' (Hear, hear
g The present -faw,' his honorable friend said
'' worked we'll" He (Mr. Huskisson) had al
ways understood that the great desideratum in this
important question was TO provide for the gteadi-
of price, and guard against excessive fiuc-
tuatons in it from the vcissitude, Of trade How
did the present law provide for these ends? By
limiting the markets from which we drew our sup
-pliesby destroying the vent which should other
wise have Tor produce whenever were blessed
with a superintendent harvest--and by exposing us
to an alternate fuctuaon of high and low prices
Il say of system which atiec, ed the price of la
bour and the comforts Of the labourer, and which
cramped the resources not only of the manufactu--
rer, but also of the farmer himself to say of such
system that it worked well, completely re-
futed by the report of 1921, that ne was surprised
that any should be bold enough to make it
What did they think of its working well in 1922
when was as low 3Ss. per quarter Hear.
hear,) when gentlemen down to the house
nightly to talk Of national bankruptcy, and to
propose the most extraordinary changes in the cur
rency? (Hear.) At the present moment il might
work well--bIt had the country gentlemen forgot
ten their misfOrtunes, their former predictions
OF ruin to the country, nay, their repeated requests
that this system, which now worked so we'll should
be instantly aIteredI Hear hear In tvyo Years
the price of had varied from rs. to 3Ss. per
quarter. Such fuctuaton in the price deprived
the business OF the farmer of all security and con-
verted II into business Of mere gambling
The bubbles in the shares of mines, could
not produce more gambling than that to which
such fluctuations must necessarily lead. The
man who engaged in a long lease could not at
present be aware of the conditions upon which he
taking it, of the results it might produce up
on his family arrangements. This was not the only
nconv enience Of the system. Under the present
law, is period Of scarcity should arrive they might
have to seel, supplies, perhaps from the Northern
ma ions, which would Immediately raise the price
OF The article, and this country would have to pay
heavy tax for it, which might cost the people ma
ny millions sterling. II that necessity should occur
what prospect was there Of procuring it in Tie
month Of October from the North OF Europe Tie
law never did exist IN this country in 50 unsatis-
factory state with regard TO as since the year
1919. Tiere was a great failacy in which Cen
uemen were aptt indulge by saying, that it the
prices did fuctua.e excessively, they still produce
a lair average price A fair average price,
He wondered what this phrase meant, when
applied to the provisions Of the people. lie
should like 10 know how any gentleman,
who was accustomed TO eat a good dinner
every day, would like 10 be kept one week With
out food, and 10 be supplied the next with
twice As much as lie wanted. Would he feel sa-