The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-10-03
FURTHER DETAILS OF THE FOREIGN
NEWS
The condition OF England.

From the Liverpool Mail
The condition or England.
There Is undoubtedly large deficiency IN the po-
tato crop, During the last few days we nave peer
making diligent inquiries in various difecuons' ao
we have net had the happiness 70 meet with fas-
mer who will confess lhal he has one sound potato
out of hfty. Some Of the largest growers, and "a
we believe, the greatest ronancers, say that they
have not single root that is worth digging and a
few only console themselves by assuring US that,
provided no eaten, and tho disease does not
extend its rayages, II Is possible that about one
fourth Of the quantity required for seed next year
may be secured The Morning Chronicle, now a
ministerial organ announces that there Is not more
than a six weeks' consumption Of potatoes IN Ire
landl
This must be alarming news to Lord John Rus
SELL delightful news 70 free traders, and the specu-
aiors in foreign corn. But is Il truel In Liverpool
very excellent potatoes be purchased, by retail
al 81 4d a measure OF 80 lbs. There are some dis-
eased ones certainly only ne for bakers OF buns and
hot rolls and for pigs. But we have seen a much
higher price paid for the root when the quartern loaf
has been dearer, and no complaints made OF seare'
", far less OF famine. Al this moment the average
price Of wheat il about 46s. quarters price at
which IL cannot be probably grown IN this country
even if the farmer had his land rent free. We can
not. therefore, understand how corn should be so
low in price, and potatoes so moderate IN price, II
the latter crop be, as tits represented ann'h'iairG
Impressions that we do not credit what We told
on competent authority" In short, 10 speak more
plainly we reject all statements emaDatng from M
teressd parties, and particularly from that political
section who are ransaekng the earth and the things
under the earth looking gloomily on the bounes OF
Heaven, and doubtingly on the mercies OF Proyi-
dence in order TO extsnuae the errors justify the
measures OF Sir Robert Peel. The pliee OF bread
is the only criterion Of scarcity and abundance
The effects Of these rash measures are the dlmlnu-
ton Of factory labor from SIX days IN the week To
four. The consumption OF food must be IN the
came ratio--four potatoes instead Of six and eight
loayes of bread instead Of twelve This, Of course,
will produce corresponding effects upon the mar
kets How far, then, the operative manufacturer
have reason TO be in ecstaees at their pros
poets, and the future advantages OF free trade,
they are far better Judges than we are TO decide.
In England the failure of the potato crop, admit
ting il, as We do, TO be serious failure, will not be
particularly felt. The price OF bread Is unusually
low An attempt is making TO raise the averages.
Spectators in corn have done this repeatedly and
successfully. IL Is done by fraud. Nominal sales
are reported bona ids ones. Richard sells Tom
five thousand quarters Of wheat at artificial and
conventional price. Tom sells the same corn 10
Peter at metaphorical advance Of eight shillings
a quarter; and on the next morning, the weather
beng showery, stormy, frosty, or excessively un.
natural Peter reses the identical grain to the orgi
nal Richard OF a still greater advance in price, the
sseh represented quantity Of wheat being La exist
ence, and Of course no money paid This fraudu.
lent transaction produces the desired effect The
average price ia advanced according to the Official
returns; aud when the protective and present duty
Of ten shilings quarter is reduced to the minimum
Of four shillngs, IN comes glorious inundaton OF
foreign corn, and the speculator throws upon the
British market vile article, the sweeplngs Of all the
stores OF Europe, at a swelling profit.
IL this way the British cutivator is injured, and
deeply injured, who has rent, taxes, and rates TO
paw when he can least afford il; but how il il To
benefit the British manufacturer, who is dependent
upon agriculture to enormous extent, and the ca
pabIty Of the farmer to pay rent, taxes and rates,
we have yet TO learn. We judge by what we see.
We cannot shut our eyes to the facts We know
that the present has been most disastrous year
manufacturers. Not in the cotton spinning and
weaving line alone, but in the woollen, silk, and
stocking trade, in Nottingham and Cheshire,
well as in Yorkshire and Lancashire The para
lysis began with Sir Robert Peel, his memorable
thimble-rigging with Lord John Russell, his pre-
mediated perdy, and the divisions in his cabinet IN
November last. From that time, and especially
from the day when his intentions to repeal the ex-
isting corn law wore disclosed, with his own
sent, and unquest.oDably upon his own authority,
the manufacturing interest has declined. Trade
has become stagnant in all Its multifarious
branches The exchanges have continued in IA
yor Of this country simply from the exube.
rance OF our previous exports to foreign nations
and this is the natural effect Of production,
whether the return be ten twenty shilngs in the
pound to the exporter.
But this cannot last long. The exports Of the
present year have fallen off to an alarming extent.
Consignments TO India, China, America, and indeed
to all parts of the world, positively ruinous The
Bank of England, in reducing their rate of interest
on commercial paper, has committed act of I'M
pardonable folly. But il is no. banking but po-
ltical act Of expedency, such the directors
: q
individuals who should, If the real interests Of the
country had been honestly consulted, have appear
ed IN the Gazette. The bank, we contend, has com
mitted fatal mistake. The imports, before many
months elapse, will be found TO exceed our exports.
Every additional importation Of food, corn live
stock, dead stock and all the perilous stuff of
free trade, admitted from necessity from the CONT
nent into England, he it wholesome or poisonous
coming pure in its worthlessness from the grower
deteriorated by the manufacturing Jew for the
benefit Of the Manchester manufacturer will act as
draa upon the Golfers of the bank, give wings to
its surplus bullion, and bring upon the vampire
Of Mr.. Huskisson 10 the horror of that poor dream
er Lord Ripon-the forty-eight hours approach to o
state Of barter. g.. ....
beg pardon for this ausion to melancholy
and hnmiiatlng "reminiscences. But our argument
renders it unavoidable. We saw from the com.
mencement, and wo declared il when our opinions
were in bad odor--for they were opposed to the
popular feeling of the maniacal days-that the first
and most disastrous effects of repeal of the pro-
tec;ive laws in favor of agriculture, and the adop-
ton of the principles of free trade would be first felt
by the manufacturing interest. Have not our pro-
phetcal apprchensons been justified by the results
Have-we not proved the verify of our principles;
Have we not established the soundncss Of our views,
by showing in the short practice that we have had
that free trade in England defiance of the rules OF
reciprocity, so much boosted of and noted upon by
Sir Robert Peel and his shadow, Lord John Russell,
and all the hungry and now degraded wings, cannot
successfully combat hostile tariffs Concessions on
this popular plea have beer made by the United
States. But upon what grounds has this wary
shrewd, and grasping republic made themi The
abandonment OF our territorial rights in New Bruins
wick, our yielding upon the Oregon, and our cow
ardy and ignominious assent to the plundering ag.
gressons upon Mexico, first upon Texas, next up.
on California, and, lastly, upon the whole of the
South American continent A.|
What is coming will be sooner felt than we need
speculate upon. f.
ispeech Of Lord George Bentnck.l
"As practical men they must look at things as
they were; and they would recollect that in the to-
fal deatrucfion an far proved IF ~, ,,,a,a -