Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1846-03-18
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Insurance and taCiofagc IA
England ! o
Thi, reduced 10 oar currency would amount
to "a crnts per busbrl delivered ia England.
Anl in 1919 there ~ "a still further reduction.
10 that whoa, from the Baltic could b. de-
li,ered IN England without duty Of q cents.
and from the Black Sts. al % o. 50 cents per
bushnell. A price mich less than our wheat
could be purchased AZ in our own ports.
This, ~ it appcaHs TO me, Is a Just and fair
view OF the subject. But II may be said that
l have proved too mu,h. And II the argu-
ment b. sound, we lhnnOt send any grain To
Great Britain. B, every practical man
knows, that, between two great commercial
nations, an article vii be exported from one
to the other, whents prices in the two coun-
,rics seem to forbid. The wheat that we
have sent direct To- treat Britain is. tn con-
siderable extent. tl. result OF accidental caus.
e.. Amerchsni is indebted abroad, and must
send forth something to discharge his debt,
aud not being abl TO meet the demand in
specie. he sends f,rwsri a quantity OF -four.
Or. = vessel is going out without a full osrgo.
and will take grsin cor a mere tnnc. Or, a
Speculation has u large amount of -four on
hand, bought pcrhapa on six months. aud is
obliged To send "a out at a sacrifice. Our
srai9 yoes to England rnainfy IN the sfi1pr ol
a~~s. 10y which n saving Of 10 or 10 per cent.
over the export OF wheat IN realized. These
are the causes. more than any thing else,
which enable us 10 supply the English market
TO the small eNiant we now do. Ask on
merchants Who ave had experience in thi,
trade, aud they will generally tell you that il
n a prccarious business, end one in which
much more has been lost than made.
Kut pentl.su..a $3.50. A. a., 81.
repeal OF the corn laws will give a new i'm
pulse 10 this trade. But how is this, Oh
what principle, | demand, do they basc theil
oelcuiations' these laws are modified %
repealed, II viii b. done by a general law
applicable alike to eli nations. The present
Va" imposes no more duty upon wheat iron
ihe Cnltcd States than upon wheat from tn,
Baltic SupPose those duties be reduced one
nah, OF annulicd entirely, the North of Eu
IoPe VIII ENJOY all the advantages Of ,hes'
changes as well as we. The scarcity of praif
~ Europe, the partial failure of the whoa
crop, and the disease among the potatoes. en-
asle as at thc present time oscnd forth an un
usual quantity. But ii il unsafe To reason
from a single year. In 1887, n we hive al
ready seen, VT imported 4 ZOO, 600 bushels O
wheat into the United States; and. were w,
10 ttason tom that year; we should be com
PEELED to admit that We could not raise ouI
own bcidsiutiR five would reason correct
y on subjects such as ibis, we shall, | think
OIL one 'rceivc that a modification OF III,
halglsh cora laws woald not benefit us a
all.
We have had a pYsc,ical illustration ~ ,hi.
principle. AZ ] have bc!ore said, the modif.
cation of the English corn laws i'm lSi2 d;c
not Increase The demand for grain in Gte.t
bfi1ein on the CONTRARY, in the FIST entif,
year alter The reduction, the importation int
oreai Britain Tell on more than one. half
AND how was u with our export TO that mar
Net, Inc reduction IN 1912 was about eaua
20 we whole OF the present duty, and Sir Ro
Vtt' Tecldoes not pro pose TO take OF all thu
duty at present. II the proposed reduc.
hon - To operate ~ much in our favor ~,
may expect To ipd that the greater rcdue,ior
~ lel2 proved 4 great blessing 10 the Uo;,e,
states. And how was il with that modiica
tion7
well tell you. Mr.. Chairman. The redue.
tion took place IN April. 1892, and falling IN
'be midst OF a commercial year, have ma
means OF determining its effect upon our eI.
Pofn Tor ihai year. ] will. therefore. throw
Wat year out OF the account aud "a he the two
Iears P%tecedind, end the two succeeding. 1912
>" the two p~receding wa, $50 and 1911. We
-f' Vthat DfltHt0 ul HNffaQF Of a
10000 busllslsa rear; but in the too s,c
eeeding, VIZ, 1919 cad ieii. we exported on.
an average Of 3s5 500 bisl,slsa wear. HAT
~ as ] 40 wish 10 do perfect Justice TO In
subject, ] readily admit ilst, b. q change n
out commercial year, the yesrs l8t3 oas.siase,l
~ only ninc nOnths. J wish, therefore. a.
"hi TO u another quarter, 20 - 10 make II q,
ihe usual length. But IL we add one. third o.
ihs Imports 81 that wear, 40 az 10 make AZ,
Tour q~ssrtsfs. or twelve months. we shall eve
then an ayefsge Tor The two years of onl +,
I'btfO bushels a ycaL which j. IN fact les.
Than one hith Of The average export OF the two
year, preceding the Modification ofihe Eneiist
corn laws. an Dot superficial enough IA
s-cut~ this islliag of OF our expof IT whe,,
to The reduction Of the British duties. but M.
casc before gs shows inconiestibly that ou,
wheat trade with England isg0Vemcd by law.
more Efficient. more controlling, than sny mt,
oi duty. L. 10 not. then, perfectly pfcps,stc,.
'usio maintain, that he partial reduction y,
prospective repeal Of the British duty ,fooo
IA heat Gill q