Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-06-17

shall be the frot propose an alteration in the corn
laws II is not impossible, that between this time and
the next harvest the prices may be raised the
mum necessary before the introduction of foreign
To prevent this, early opportunity must be taken
introduce bonded into the market do not think
that can do greater benefit the agriculturist than
by this means preventing the glut of foreign corn be-
fore August next. The in bond has been so
since 1922, a period of six years, Among this
there is barley; and u small quantity of peas but
he believed OATS as they had been released. must
again repeat that it is not fem any feeling of interest
for the holders of the corn that propose this. They
like all other spectators, their chance pro
fit loss, and stand by the consequences. They might
by that speculation, have made great profit but il So
happened that they have lost consider ably and this was
more than other peculaurs exposed to. Those
among them who were the most fortunate in getting
theirs at low price must, II they TO sell il,
even at sos per quarter be losers. This natural
consequence of the loss of interest on the capital and
many other concurring circumstances. The present
holders of tins corn not believe, Of or at least
very lew OF hcn the orS,Da purchasers. Ii has chang
ed hands several times and has hear, several
OF them. W March, corn at 69s Cd and il seems
TO me that the admission of this bonded might be so
regulated that the holders of it were satisfied if they
sold II about 70s Another consideration, us duty l.
for my part think too high, and lis imposition would in
my opinion defeat the very object we aim at think
that admittad at eight shillngs it will still
leave the holders losers. but would still be better than
letting 1t rot, and would perhaps be sufficient TO induce
them to bring 1T INTO consumption.-The manner i'm
which should be introduced ought TO be so regulated
thal bih'g ne equal TO the consumption of each month";
ms; ST, hope, would from the Conyusion
which would ensuc upon the tremendous gut of foreign
corn If the price should rise to the maximum do not
thnk that when these considerations remembered
there Will be any objection 10 the principle, whatever
may have with regard TO the time. have have succeed
ed IN explaining ntelgiby TO the House the difficulties
which induce his Maesty's Government not TO embark
to great extent in sudden revision of the Corn Laws
am not prepared TO what mag be the proper course
10 adopt when the revision takes place. Ii has beon
asked why, if reduced the duties on manufactures
we did not also reduce those Ii often happens
that reasoning apparent analogy leads wrong CON
cinS'ons Here there exists analogy. No BODY
ever attempts TO say that grow chcapIv
as 1t can be done on the continents but can manu-
iacture cheaper; those carry part of the
world We export thirty millions of manufactured
goods but not thirty bushels OF corn Therefore, TO ar
que that the protection ought TO be the same is absurd
There are other differences. The quantity of manu(ac
ured goods be reduced if the demand decrease.
but 1t is not so with the farmer, who having been AT
great expense to sow his land in particular manner
becomes oserl the grain lie has prepared his grounds
Tor ceases To be IN demand. hope nv sentiments will
not be mistaken by the manufacturers or merchants
when assert that wealth not the only ingredient to
De considered IN forming the happiness of country
There must be limit admission of foreign corn
This IS confessed BY ali parties and the only dIicuIt,
on tins subject, and which requires the attention of
government IS TO say where the price of labor in this
country IS likely to produce such dlninuon of prof
on capital that would have the effect of driving ii away
TO seek protection auu more advantageous employment
IN foreign countries. Capital be forced TO re-
man here. am sure If gentlemen consider they will
see that 1t rs To the capital and skill of the country that
agriculture owes ITS present prosperous condition. If
II be driven out of the country shall soon find that
agriculture wall be the great loser What it that oc
asIoned the present high prceof all the productions of
Tie soil but the great consumption of that produce by the
increased prosperity of tie manufacturers However
successful machinery might render us we must re-
member that the United States have the industry as
ourselves, machines, and encouraging government
Iheconsequence that at this present moment there are
on their passage from New York, two ships loaded
with cotton goods, bound for the Mediterranean
Where, even alter the expense of WOuJ
be able TO undersell We must therefore Sir TO
counterfeit this, that the price of provisions and i'm
consequence, OF labour did not arise too high. The
agrcuurst cannot flourish without the others also
feeling a corresponding Improvement. On the other
hand, hold 1t that capital and commerce cannot be
put IN motion without serving the arricuturss II is
Just too, Sir, to bear mind the profits on capital
were never smaller than at the present moment. I'm
ehueaVourlng or, 10 come at no distant period the
consideration OF this most important question all these
thingS should be well and maturey weighed trust
have shown sufficient grounds for not entering on if
now. We have, Sir, already done great deal. We
nave pursued The high course of improvement, and pu
sued 1t too, trust, the right We have removed
the restrictive duties from silk and other articles
These were necessary changes some Inconvenience
there may have been, and many there would
most likely be, if all these protecting duties were al
removed. But sir, there are other and ,yciobtv !
matters which his AIaesty's Ministers must have given
due consideration TO- before they 20 Parliament
with any dcinve proposition respecting the mporta
ticn OF foreign they be guided in some rnea
sure by the policy pursued towards manufactures by
other countries OF these there are inanv and not The
least considerable in extent, who shut outobstinateI
SHUT out-ouT manufactures, and ought not we To
hold in hands something that might induce those
countries, IT ii were merely for their own inter
est TO receive the manufactures of EDgland2--l
May we IN any change that may take place in
our system miIgate ITS nconyenT nces-inconvenic
ces that must be temporary, even to those who dread
them most Have we not il in power TO say to these
countries we will not admit your unless You estab
lsh commercial intercourse with and receive in re
turn our manufactures. (Cheers) These Sir are rea
sons why we should allow the question to stand over 10
atutuFe period own am OF the serious respon
sl6ity winch the Ministers of The Crown or which
take on myself III calling Parliament not TO lcrsate
on the question during the present session: for circun
stances may arse circumstances whicIsare beyond
the reach OF human foresight, and which nav make il
ao'SdoIe t'at some measure had been introduced 10
regulate the importation of corn and induce thor 70
regret the recommendation they are now givng-It is
possible that the ensu ing harvest may not be abundant
God forbid that wish twere not The ports may per-