Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1847-11-12

swamp the irncst house in London, and broal
lis credit. were it twenty times secured. 9Th
Times. that talks so gby of the natural con
sequences of speculation, Of railway panics an'
the like pointing to the recent failures as evi
dcnces of its own great wisdom and foresight
has not hin,ed at the possibility of the connec
, ton between the failures and the working o
free trade" The Jamaica planters say tina
"unless we have some protection from the British
, nation. there is no alternative left to the Yves
Indian merchant but to throw up his propert,
and to appeal to the world against the tvrann,
and injustice which have beggarpd him!"
Some Of the conservative journals attribute
the past and present state of a'i',irs to the cur
rcncy bill. The Morning Herald of the 2ls
SAYS I'VE are curious to learn how long Sil
Robert Peel and the Times will insist upon as
crihing all pccuniarv troubles and mercantile
disasters to the late famine. the cotton crop, and
nordinatc railway speculation, and how many
moro failures are to surprise the world and to
threaten public credit before another element OF
mischief shall be admitted into the ca'c pliton
and he made to hear its rightfnl share of odium
and blame ? That at the present moment aud
for some time past there has been An enormous
demand for money, and that the demand in a
great measure has been occasioned by the causes
set down, we are prepared with the majority of
observing men. to allow; bat the Herald insists
that the energies of the country have been for
hidden all play aud denied all help by Peels
currency law. Again, 1t says That 1T VIII
Stanu on record Tor our cil'areh 10 reau' that IN
the year tSl7 men ct nnblemlShed character,
OF spntiesS credit "i nmu'uD'eu proprlPtv, en-
barlcd in trade, and fully entitled by their posi-
ton to need'uI assistance IN their legitimate un-
deraklngs went to their blnkers laden with
securities whch no one could question, asking
r. l..
Tor temporary AID rendered necessary by uh'or-
seen nat'onai Nistations. atc W'nch cou'd NOT
/ be withheld without peril TO the askerS, ana t'at
their demands were met at once by HIT re'i,-
sal-not because their reputation was 'arnl7hed.
or their dealings suspected. but simply because
under new system. banks cannot afford TO IN
crease their circuainn since they are compcIl-
ed 10 stock their own Golfers with rnld for every
single rotc which they issue beyond given
point Railways may receive check. the
! famine may pass II Nav. the demand and supply
| of cotton NAV b. restored to a healthy standard.
| but we shall still be placed up II the shoulders
| Of IA crisis, with every new signal of threaten
| ing adversely. so long "a the laws which regu-
late the currency of the country are based upon
a scarce ard always iluctnating metal instead
of upon the real and actual property of the
three kingloms.'
The NjrniBg Post Of the 9th makes some
curious remarks respecting free trade in corn.
1t says: THE immediate effect of free trade in
corn, according TO the League. would be to
cheaper the price Of bread but bread. during
the first wear Of free trade, has been dparcr than
Napoleon Cou d make il. tn ugh he tried ever
hard and the sense of imaginary in ustice i'm
pucd 10 the class of landlords. has been com
vcrtod into real r-,icc Inflicted upon the p ,or.
by host Of .winlprs and fortune hunters who
raised IN arti al cry of uni, .rsai famina--a
irTglc which enabled them to run up the price
OF bread 10 the real poin, Of starvation. Tat
the cry aud tie price were both artificial. is now
proved beyond dnubt by the importation of
foreign breads uif5 TO the extent of 8 362S2l
quarters. from tn 5,h Of January last to the
9th Of September; which return is taken from
the Economist, free trade paper Not only
are we not IN want OF this rnormons importa-
ton. but 1t /. also proof that foreign countries
described to b. in "A state of starvation, had that
quantity tn spare. whereas it was sworn to By
our free traders, that we were in want OF il. and
that foreigners had it not to spare-l degree Of
| ignorance or knavcry, calculated to enrich the
| knaves, and ruin the ignorant, thpngA it may
have ruined both. Not one single quarter of
this enormous importation is the produce of this
| years crop"
The effect OF free trade upon tho industry Of
Manchester is also referred to by the Post in the
same article. ''1'he leagnerS predicted that the
rents Of the landlord would bear the brunt of
the loss: we, on the other hand, have predicted
| that the re would suffer the least. the farmer
next, the Iab,rnrthe most. Rents have not been
! lowered, the farmer does MT complain: but thu
laborer, although lac complains not, he rims al
ready to fell tue pressure Of the times and
the very broilers Of Manchester, who promised
them higher wages. either leave them to their
| fate, or end 'avor to lower their weekly earnings
This state Of things is only in lis beginn mr.
We shall presently car Of Agricultural distress,
Of starvation in the midst Of abundance. Verify.
the League md their aheItors have much to an
swcr r to God and their country" Where is
one OF the mngnatcs of that Cimous conspiracy
at this awful moment? Having achieved the
triumph of foreign over domestic industry, hav-
inc wrung from the idle fears of IA tmid admin
iStralion the unconditional surrender of the
rights of British labor, it is natural lie should
90 abroad to receive his reward, and parade the
! Importance OF his services The contempt
OF mignanmous nation might rescue him
from punishment, but let the money be dlSgnrged
| wnch has been raised Tor MN, under false an
palpably absurd pretences; let u be the first
contribution to an eXpiatory fund, to: the ree
OF his contidlng victims, who Will shortly be
driven to starvation and despair
In an article upon = British credit in the
Morning Post OF ine "a ln't'' II Is stated 'hat ~
Is becom, too seriously apparent that the posi-
o',y vi Hh3''"u 'r'a',i's 'e' oo,iliinIe''' pre-