Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1829-07-13

nu,e -
look to something else than tho
currency to fsid out causes for the aeyeI ~; 's
i,urlng the years al commercial prospeS,tv ~ s'
p" We're so accustomed TO the milk of fictitio,,.
wealth, fhat they could not now brine tba,.,ots
GOWN tn more sober habits; that was The real cars
inc injury loesioes population has enormously ,pcro
sed') inachnery,had increased aso, and The ,n,nnf
turers were enabled To produce more i'm ON. -
than they formerly did in live wears aud me- ycor
ducc was taken off IN year than form,rj, pr pr
taken Oft III Que year and half or two vo"rS
WIN respect 70 Tie Issue OF SINAI notes. recolnmen
died. by the noble earl parliament had ppsscd ,I IN.
iorbrdd,ng the circulation of country notes e. ~
lapse ol three years. The banks broke before par
lament had passed that law-thot was tho occas;on
why tue measure was passed by Parlia,scpt rh
noble duke assured the house il,, ,bora 80" "e
state currency, consisting ot soycreipns and ~
notes, M circulation, than ut any nrs v;o,. -
e"ne. u"'He 'i'c war; or when the Bank Resting
lion Act was w force. The fact was TO Tho H., 80
complained OF, that the means We're wap,;n, IS 80
curing loans and credit-thpt is TO say t6os,. -
had the means OF procuring loans could get rroi;r
and had 1t; but those who had no credit ,,ora a"
prived OF the means With respect TO payi.,r pt,on
ton t. the distresses of the country IL WINS 6is dn,
10 do-hc should give them his consten, ar1cnt;n
to ford relief. ~'''
The petition was laid on the table.
TIE Moot Irade--Acr the Duke of WcIIino,o,
had concluded, the Duke uf Richmond rose 70 r,s
certain resolutions on The subject of The low price
of wool He prcfaced his motion nv br;nr
statement oithe greet grievances suffered nv ,b
masters from The enormous mportaiions of forrr,
wool. To remedy these complaints he ,yn,lJ
pose IN an me resolutions he was about to submit,
small duty to be imposed upon the importation of Far
eign wool which would benefit tue revenue and n,
the same ti'Hc enable parliament TO tighten some %
the burdens of the people. II would be the mo,n
OF conicrTing essential benefits upon the tlocln,.
tiers, by afording them u bona fde prico for 10;
commodity. AT present the market for wool was di
one, and the Price only nominal one. The cons
OF the depression IN price OF British wool was oc-
CoS I'M hy mo
wool, which were unchecked by duty Tbeconge
qucncc was tina. an immense decrease in the pmoun,
of the exports of wool had followed. In fact H.
hud been an annual decrease OF gro OcO in tb.t a.
tice alone. His proposal was add dntv of tbroo
pence upon tie Importation OF foreign wool U
saw no state reason why his proposal should no, he
adopted, particularly as the taxes are three times
The amcuut al the present moment than thev ,vo,,
though the duty was precisely the same All hc
asked for was equal protectiotpaud equal iustice :
The Duke concluded by moving a series OF resolu
tons confirming 10 the foregoing suggestions The
Earl OF Hardwood was of opinion that nrntcc,;n,r
duty of wool would only depress The price still ,or
The foreigner would consume lis own wool in Thar
case, AMI tho English manufacturer would b., co,no
led 10 do the same. and the rcsul would be 1ener,I
lnJGry to the trade. The Duke of Norfolk sdnpo,td
the resolutions. The present isI ofthe Yric u,
isis, lac believed, was greater than that of auv oIbr
class. Lord w harncliic did mean To ,,env tbot
distress existed amongst the agrcultu-ists bur he do
med that tho mode proposed the hes, means Of
relieving that distress. The Earl of Malmcshur,
thought u very extraordinary that potvtb.,,nJ,nS
the assertions winch had been made, tho mnori aiim
OF foreign wool was greatly on the increase Uc
thought the whole system oi free trade ma leIrs;v.
as he knew the trade was only IN name free Lord
Elienborough said lIN Ministers felt dcepy for tho
losses Oi the wool growers but he lid not hinI, L.v
would be remedlcd by the proposed rcsnutions--tbe
price "fwool could not be imcrca ID in bs on;nnn
by arthcinl TGCans--thc fact wn- that The i,nsor,o
ton OF raw cotton had increased such AN amount
as TO interfere with wooden manulact lures and h>
thought that any attempt In prevent tho ;,onor,n,,,
ri iOre'Tn wool would only increase he detaandfnr
cOttomS, and inlurc the English wnol growers Az
~ some further debate hc resolutions were lost
CH To 35
Duties SVg0r--Im the House of Connnns. n,
the 25th, motion to reduce tc duties upon East ana
West India Sugar discussed, and rejected nv \
vote OF SO TO 60 Mr.. IIusks~ou spoke in favor of.
the measure, coDtrndng that II must at some timr
be- adopted j wss opposed by the Chancellor Of he
Exchcqucr upon tic ground Of he pr, sent wants OF
the revenue thcfc being deficiency for the a,iar-
ter Of $500 O0O
Printed Ca,cocs.NIr Iiumc in moving for return of tho
quantity Of printed caicoes, drawbacks and dtirs
years 1926, lal7 aud 1873 the only branch except psper
printing that ubcctlo the By TIC new laws lis
branch Of industry wa likely 10 be- distinguished, as va,
lpceded by silk The iaN amounted 100 per cent on lie
value Of e article ic pieces Of calico which sd
as imposed heavier the ponr who alone wore sp
c'c' than on thu rich who able siks The div
amounted to 2lo,OO0L that tho cntme epesl of ,s "a,
would not be great dnnuo the revenue While il would
rel eve ic calico printers 90 tic amount of seyen ,r con, ~
least on their goods lie hoped that if s hajestys ministers
should repeal This in hc nest session. some Other e
would bring in hjl 10 that effect. - Pc
The Chancellor n the EXchcquer would not obicc, ~ tic
motion lie wauld take opportunity of lawns bis vie, %
Tint subject before he hsusc " " VI"
Harpcars that while the Brush Padiaeent is engaged in
these commercial discussions, French HAMMERS are %
iafJ occupied he French Minister lately ntroduceJ
las budget or rather tarif Of duties lie is opposed To- the
doctrine Of Free Trade In tho first place lac says motor
your 'attonat Jn'"ShH Secondly, puydc Eppoy1,ef [
yoir Peopci and lastly hoy Of lorccrs Bi do nn
bFne mem INTO your own markets competition with yot own
manufacturers and anhccrs We El,,vin, srG
ment of his observations made in the ChaorSo tie Dis, r
May 49, go W
MY opinion, (says the Minister of Comnr,ee, ,Vbj,, L
ueen frequently expressed % you, remains uuc hanged nas
.a' y was nt eNPed that every thing sou I've pibia1
nor every thing permitted Unrestricted heeiou C,r ,,.I
nome ana an the freedom compatible with si,nifeU u,cr,,
~ o'S,sH tdde are uc conditions Of industry of eve
hhd projecting system yield ahtuidv 10 s,s,,g
vi ec'ed freedom ~ tansdCt Lciweeu s u,tinus "a
egn Hsor 'coad cor( info me Fictch may,f, amt n,,S &
PUG national labor prideny protesting system,
inc necessary and permanent regulator Of the divers rod