The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-02-25
Price Of home
Lard Der ccf.

Ii we might venture to gcneralse these and many
other similar results, 1t would follow that the best
way to stimulate domestic industy, would be to
open the ports freely to foreign commerce.
These remarkable facts are well worth the serious
attention OF Americans who take an active part In
the discussion OF the tariff question 1t were well
real benefit to the New England manufacturer,
while it cannot be for a moment doubted that they
must have detrimental effect on all classes Of do
nestle consnmers and this evil will be aggravated
by every measure by which restrictive duties in
England, or other parts OF Europe, are removed
1t would be strange spectacle to behold the old
conservative monarchcal states OF the world eman
cpating themselves from the trammels of tradition
ledge upon the darkness which has for ages enve.
Hoped them, and, at the same time, to behold the
young democracy of the West clinging pertina.
cously to ancient error, and closing every inlet
against the light Of truth.
Your "Paris correspondent" will, perhaps, be ex-
cused tor little exultaton in the results of his ratio
cinatiOns this subject. 1t is several months
since your merchants and capitalists were warned
warning was full, explicit and confident, and pre-
coded considerably the memorable announcement
In the 1sr'es' Of the 4th December. In truth, we
had good grounds for our assurances transmitted to
you-grounds which left no doubt that, by whatever
party II might be contaminated, a great and radical
change was at hand. And what has been the re-
suit Has our prediction outstripped the event !
aed IS to 5. realized sy the Abolition III sa
the corn laws is but small item in the grand total
OF good which is promised to the people Of Eng
land, and ultimately to the world. Nothing less ia
at hand than universal freedom Of commerce,
You will have seen, by the English journals, the
details OF the magnificent demolition Of the system
OF protective duties proposed by Sir Robert Peel.
II Is real commercial revolution, and noble ex-
ample Of the bold application Of the true principles
complexiiy and contrivance which the plan presents
at the first view, its practical effect will be fixed
duty on corn OF a. quarter for three years, at the
expiration of which time the trade will be free
The average price OF corn, tor the last two months
has been about t6s. The fixed duty Of 4s begins at
SIS 1t is probable, judging by present appearances
that the averages for the next three years will not
will resolve itself into fixed duty Of 4s But let us
suppose the price to fa-what Is the limit the range
OF the new sliding scale 7 When the average mar
ket price OF wheat is below 49s., there is fixed
duty OF l0s, and when it is above 52s, there 10
fixed duty Of IS. Between these narrow limits,
the duty varies shilling for shilling with the price Of
corn This Is the sophie crust-fung to the land
ed interest, and this for only three years, to stop
their mouths. If they had particle Of manhood IN
them, they would reject with contempt, the beggar
y Offering, and surrender themselves at once to the
fate which awaits them on the LIST Of February,
1S49.
But you will ask what will be the fate of this ex-
tra0rdinary measure in Parliament Will the Com
mons, who made Peel minister, the great defend
and protector Of the landed interests, passit7 Will
the Lords whose estates will melt down, sanction
lit That will pass is certain. But by what course
series OF political operations Is not 80 clear. II
will be supported in the Commons by the wings, the
free trade party the radicals, part, if not al, of
the Irish members, and such fragment of the tory
party as will adhere to the present cabinet There
il little doubt that this will form an actual numerical
majority But az there will certainly be majority
of the Lords against the measure, the question il,
will this majority in the Commons be sufficiently
great to overawe the Lords II may be. But il not,
fbsr q Aissol,finn and nj anpaal In the rOun
and an agitation Of unparalleled violence, will De
inevitable.
The American merchant can now command
market for wheat of an average quality, if he can
deliver It in the English ports at under 52s. the
quarter; and probably this price may be maintained,
or very nearly 30, for a considerable time. The
following 10 in substance the scale oil duty for wheat
the present price being 56s:-