The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1846-03-04
rEEL's rINANcIAL scmEMn.

/ great TGNOiWtiOu WHICH HIS ldAGu IlHNC- III IC
Ipuhc mind relative to the fiscal poliey-of the
Icountry. Governments, it is notorious i'll all
Highly civilized countries. are always conserva-
/ llive-alwavs in arrear of the peoples require
nents 1t is certainly so in England; il is more
or less so in the other countries, making allow
ance for the difference of moral aud physical eau
ses The minister who carries out Benlham'si
laxon of ''the greatest happiness of the greatest
humber will best serve the interests of hunani-
Ity and fulfil his own high destiny. But where
1.-The representative principle is at work, where
1.-The public mind possesses sufficient intelligence
10 gasp great truths, aud desires their embodi.
men in action, all that the state pilot has to do
lis 10 be the instrument Of realizing an enlighten-
ed policy on the safest principles, and with the
most tender regard for the interests, feelings, and
Isympathes of all cIasses--for those who have
briven as well as those who have suffered by
Ithe previous policy.
This course of action describes,in in few words
the secret and the success of Sir Robert PeeI's
ministerial career. 1t has been alleged against
him that he never ndeipates--always lags be-
hind public opinion. 1t is true, he is essentially
a p pactcal man, and never jeeRard& success by
Iexperimental trickery. The body poiInc, like
our physical frame, was formed for nobler uses
IThe dissection of dead body, for the purpose
Of scientific research is all very we'll ia its
way; but the living, sensitive flesh shrIhks with
horror from the application Of the knife IN the
hands of bold and ruthless quackery. The char
acteristic features of the Engsh mind are re-
hected in the career of the plebean premier. He
has tact, Judgment, and thorough appreciation
Iof character. Once in action, his lndonHtabIe
energy braves all dangers, bears d wn all oppo-
sitiOn. Keen, cautious, searching, and selt-reIy-
ling, the minister who now sWays the destlnles of
England would, in private capacity, had he
Ibeen born to It--say as merchant or manu-
Ilacurer--have speedily attained greatness a.
mongst the merchant princes of the day; but,
playing an infinitely more important part on the
great stage of life, with nation for his audience,
he clicits overwhelming plaudits from the spec
tators; all are eated al his mastery perform
ance-save few perturbed spirits in the dress
hoxcs-a handful Of dukes, lordlings, and booby
squircs to whom the humanizing influence of the
denuuemnnt is most unpalatable.
But these preliminary remarks are keeping us
from The object at which we desire TO arrve-to
point out 10 our readers the most striking fea-
lures in the plan for the fiscal regeneration OF
the country, which Sir Robert Peel, in a four
hours speech, introduced to the House of Com
mons on the 9th nit In that speech he took
an elaborate review of the fiscal condition of the
country, and announced the reduction of duty
on number of articles which press upon the
commercial and agricultural interests. He I'M
I pressed upon The manufacturers the necessity of
preparing for the advent Of free trade, by giving
Iup whatever limited amount of protection they
now enjoy from foreign competition in the shape
Of prohihitory duties; and the duties so imposed
he announced bis intention OF reducing to a no.
minaI amount. Butthis appeal to the manufac-
: urers is useless; they have long since publicly
repudated the benefits of all protecting dntes;
: have declared that they seek for no aid beyond
free scope for the exercise Of their talents in the
Iopen markets of the world; and have often said
in substance 10 the agriculturist, edo thou like
wise" The timber duties are to undergo q re-
vision, but into the details of the change he did
mot enter, reserving il for another day.
For the reductions on taIlow, ON paper-hang-
ings, on soap and candles on boots and shoes,
on foreign spirits, on clover and other seeds, on
provisions (resh and saed0 on vegetables, on
foreign made carriages, we must refer TO the am
Pile report of the speech itself, in another column,
We can do little more than Indicate in this place,
cmrente calamo, the primary he IDS of the
scheme. Sugar--that great article of colonial
y produce, which, next to the corn laws, has been
: most vrentIy assailed on account of the tenacl-
i ty to which the minister has clung in screening
it from competition lis still to be more or less
e protected. Siavegrown sugar he still regarded
as an abom, nation; but the duty on foreign free
: labor sugar is TO be reduced 3s 6d. per cwt. The
y corn laws he proposes to abolish totally and un.
j condtonaIIy on The first of February lS49; and
i in the mean time modified sliding scale is to
e he substituted for the one at present in exist
b ence. For instance, when the price of corn is
c under 38s., the duty will be los; when above IS
+ and under dos, 9s., and so on, the duty declining
Is. with rise in the price of Is, until the price
!, reaches 53s., when permanent duty of 4s. is to
} take place. In order to proptiote the landlord
!, class, sums of money are to be advanced by go
vernment for the improvement Of agriculture,
: The law of settlement is to be altered, so that
: after servitude or residence of five years in a
manufacturing district, the peasant who has left
: the plough for the factory must receive plrochal
aid, If he requires H. from the place Of his adop-
, ton not the place OF his nativty--the same with
: regard tohis children and his widow Moreover
: the highway rates are tobe remodellod on plan
), which is 10 save tug at the agricultural purse
and various other charges hitherto paid out of the
county rates--such as the expenses of convicted
, prisoners, Of prosecutions at sessions, the educa
ton Of work-house children, &c.--are TO be paid
in future by the state.
4 In a word, the new scheme is MS near an ap-
Iproximation TO the principles of free trade, as
S can bo safely consistent with the policy of a
country which has its credit TO support, and the
J interest Of an overwhelming national debt to pay
\ Sir Robert Peel has acknowledged the principle
fiat duties ought 10 be levied for revenue and
not for protection, and his future policy, It is
clcar, will be directed tot that end. But would
+, be too much TO assume that he can carry out the
7 new course of action on which he has now enter.