The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-05-12
Correspondence Of the Journal Of Commerce.
LONDON. April 18th. 1874:


The Tory Administration is full of strength, and
proceeds EDWARDS, conquering and to conquer. The
Corn bill IS in the House of Lords, and is to be
taken into consideration this evening. A few ultras
of the squirearchy have been demanding it, and some
of the rabid old monopolizing mobiles have intmated
determination to oppose the measure but their
efforts must necessarily be feeble and their labors
lost he bill will pass the Lords, it did the Com
mons, by considerable majority, and that without
any material alterations AS now stands it is de-
cidedy more advantageous to the United States than
the old law, and may be looked upon a considera-
BILE boon, considering the of its emanation. 1t
must be deemed, however, not fixed law, but mere
y Z" the beginning of the end"
The income tax has been now for some time fair
y before the country and the latter having failed to
respond to the call of the Opposition the Minister
has triumphed and carried his proposition by ma
jority of 1885, that being the number by which Lord
John Russes resolutions, moved as amendment,
and suggesting the late Government scheme for re-
pairing the deficiency, were signally defeat
ed. In the House of Lords it will be to pass,
so that this inquistora mpost may be said to be the
law Of the land In almost couple of years time
the people will begin to disown the nature Of the
calling and oppressive machinery by which 1T will be
exacted, and then will the re-acting commence
agant the present Ministry. Already Sir Robert
Peel announces that it will continue for five years
certain, though he originally introduced it as three
years. tax.
The amended new Tariff has been submitted to the
Commons, and it appears to have undergone conslde-
rabe alterations Various interests stated to have
been seriously affected have been attended to, and
the proposed duties raised The alteration on timber
is intended to take place the 10th OF October next
The original plan for adjusting the timber duties has
been found clumsy and complicated, and now all the
imports of foreign timber that were reduced to one
head in the Tariff are to be varied, and certain du
ties levied on different kinds of hewn wood. The
duties on nseed have been further reduced and
vast number Of dierental duties have been removed
which were placed in the original schedule, because
thew were then believed calculated to favor the pro-
duce of the British colonies. The duties on prov-
sons have not been changed from the first PROPOSE
ton, but the admission of foreign beef and pork will
not be allowed until the 10th of October next Cop
per ores, containing not more than Ia parts copper
will pay f2 10 per 9l00 value of metal, and
containing more than IA parts of copper will pay
Is. Tin ore, at FL per ton, regulus of tin at
f2, and tin blocks ngots, &C., t6 per ton.
The Colonial Customs Bill is one in which the
American merchant and corn grower IS deeply inter-
ested On the 10th, the government proposed the
imposition of 3s a barrel upon wheat imported
into the British Colonies in North America. MIR.
Labouchere the President for the Board Of Trade in
the late Administration, objected to the provision
which altered the prevailing law admitting the free
Importation from the United States into Canada of
variety of articles, and imposed upon of them
duty Since 1881, wheat flour had been permitted to
he exported across the frontier, at which time it
was at a duty of five shillings He also objected to
the proposed duties on sailed provisions and cured
meat.
Mr. Gladstone, of the Board of Trade, replied,
and defended his duty of IS. on United States -four
per barrel, by saying it absolutely requisite, be-
cause the Canadians exported their flour to
England and consumed that of their neghbors.
MIR. Roebuck stgmased the proceeding mere
pandering to the British farmer, and smoothing down
Of the difficulties of the government because of their
Corn and Tariff bills. He bitterly reproacbed the
government for so doing, and maintained that good
| policy forbade an interference of the kind
Lord Stanley the Secretary for the Colonies, in
very il-natured wind-up, declared that the matter
was one of small importance.
The motion of getting the proposed duty lost,
by 60 to Sincerely giving he minister majority
| of g.
The resolution for the tax on the importation OF
sailed meat, &c. stoutly opposed by Lord John
RUSSELL who stated that in consequence of the law
1t stood, there had been increasing trade between