The daily union., 1852-03-14

win moi shrink from dealing with question OF greater
dlfculy and from speaking frankly upon the subject OF
our commercial and financial policy In 1S42 was the
warm and cordial supporter OF the financial in.
fodnced by The late Sir Robert Peel entirely approved
the revision OF customs duties which at that time
ne proposed, aad entirely approved OF the principles
which understood him to announce, viz TO impose du
Ties on The principal articles OF import Tor the purpose OF
raising revenue but not for the purpose OF raising
revenue simply bat Tor the purpose o evyng The duties
on gwen proportion 10 the extent 10 which the articles
the subJect OF the duty admitted did not admit OF the
expenditure OF future British labor understood that
the principle TO be laid down, in which aequesced was
OF the Teest possible admission o AL The raw materials
which formed The basis OF our domestic industry. A
different system, 10 certain extent, has been adopted
since that PERIOD and cannot but think that, il we look
10 the whole Of financial SYSTEM there is ground for
believing that is open, IN point OF principle and practice
10 considerable and useful revision Hear hear Your
lordshps will forgive me ii contrast, not in detail but
II merely contrast the system which prevails with re,
gard 10 the customs IN this country with that which
have heard auded the high free trade tariff OF the
United States OF America
That tariff leves almost all imports duties more
less exlensvedulles, in respects 10 great and
oppressive exent-bul in almost every instance evies
those duties principally and avowedly those articles
which mainly enter into competition with the produce OF
Their own soil. and the produce OF their own industry
MY lords we appear 10 me 10 have proceeded recently
different principles for while we admit with entire free
dom, all those articles which 10 enter into competition,
we load with an nordnate amount Of taxaon certain
small number of articles oil immense extent OF consump
ton, entering directly into the necessary consumption of
And beg your lordshps i'll not lose sight of this fact
that when the whole supply Of any article is furnished
from foreign country the whole amount OF the duty
imposed on the import OF the article Tails necessarily
the consumer, in the shape of an increase Of price But
where you impose duty upon articles OF which por
ton supplied at home and only portion from abroad
there The measure OF the duty IS not the measure OF the
increase OF price, but the increase OF price duly in pro-
portion to the small amount OF foreign produce which
may be excluded by the imposition Of any duty whaso
ever, and which may consequently diminish the supply
and thereby, 10 certain extent, enhance the price,
Between those Two principles ! think the American
system is the easiest defended and is leas, burdensome
TO the consumer. My lords, at the same time don't
shrink from expressing again, as have on former
sions, and repeating in office what have stated out OF
Office that IN my individual opinion see no ground why,
from that general system OF imposing duties on foreign
Imports the single article OF should be made so-
tary exception. | state this my opinion but al the
same time have always sad and repeat again, that II
is question which only be solved by reference TO
well understood and wellexpressed opinion OF the in
elligent portion OF the community.
The remarks OF the Daily NeUs on the speech of Lord
Derby TO indicate tina, the opposition ready 60
TO with The administration Immediately, paying no
attention to his desire 10 be allowed first TO get through
with certain which he wishes 10 bring before
Parliament. That print says:
He Lord Derbyl made half threat that if the lib
erals should pursue such course OF opposition as j,
pleased him 10 denounce, he would appeal from the decs
ion OF the lower house of Parliament to the country.
There were certain things he would wish TO have done
once, before commencing the development of that pocy
wishes to have the moneys OF the country voted and the
muuny act renewed and other things put in train for his
going broadly 10 work to the influences of his party
ant position Tor the preparation OF new Parliament.
likely TO adopt the views and frame laws upon the prop
oson he last night revealed to the country He would
have give him weapons be used against ourselves
would have us give him time to prepare for reaction
would borrow our forces for our own subugation"
OF that part of the speech which relates protection,
the same journal says
''He points with an arful skill TO the example of
Amp in nj bptu al
potenate quotes Scripture. flehe hgh-tory peer-tes
us he adnlres the tariff o America whilst he says
nothing OF lis government He wishes for transatlantic
taxes, whilst he ignores The transatlantic votes He would
copy the evils OF America but declines lis virtues We
may hear al the hustings perhaps that the plans OF the
model republic OF the westcannot be objected TO by re-
formers But The reply will be easy. Ii are to have
the high tariH, LEI US have the cheap government
"The Americans put an obstructive duty, he reminds
US upon goods from foreign countries that may run in
competition with home products They thus shelter he
would have us think, the produce OF their land II we
were for argument sake TO grant that the Americans act
cases st would not be at all parallel In America there
is land enough for all in England the land monopozed
by The wealthy ars,ocTacy, In America they grow much
more food than they can consume IN England have
increased in numbers beyond that point compelled
10 import com la America there tens OF millions OF
waiting for owners in England every scrap OF earth
4 appropriated In America there is scarcely beggar in
England pauIefs numbered by hundreds OF thou
sands In America they have cheap republic; in Eng
land we have a costly monarchy Lord Derby is surely
sort and the less when his suggestions likely TO
be followed out TO their natural conclusions by thousands
whose attention be invites TO the discussion And 10
what finale did the prime minister come Simply 10
this that, the American government taxed foreign
goods, he Lord Derby would tax foreign corn and as
the dandy OF Broadway must fee the custom house OF
New York before he could complete his Partisan toilet
he Lord Derby would tax The loaf which the English
workman requires for himself and his children Twist il
may, 10 this II al last Lord Derby once
daring and ingenious. He avoids the word whilst he
ayows the principe-shirks the phrase whilst marking
out the road he means to travel 10 protection"
FRANCE.
The Patrie expresses itself satisfied with the appoint
ment Of Lord Malmcsbury Foreign Secretary in the
new British Cabinet, remarkng
"The nomination OF Lord Mamesbury 10 the important
post OF Minister OF Foreign Affairs is fact the i'm
porance OF which canno, be too much noticed Ii is
perhaps, no, known in france that this statesman is
has not ceased, for series OF years. keep up with the
prince relations based reciprocal esteem and aec-
lion, and that he visited him several times when
prisoner al Ham, These relations have been long kno
IN England, and consequently choice made by her
Britannia Majesty possesses, under present circumstances
significance OF very peculiar character We desire,
for par 10 in this act proof OF the wish OF the
tween the two countries, and believe that il was i'm
possible TO manifest that desire agree.
able 10 the Prince-presdent."
PARIS, February 27.To-day the walls OF the capital
covered with placards OF different shades OF yellow
containing what is called la profession de foi of the
various candidates for the electoral districts OF Pans ID
~ 10 be remarked that among these figure the addresses
OF the opposition candidates. M. Mortimer Ternaux,
The independent candidate Of the second district, opens