New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-11-26
Lord Derby on Free Trnde.

In the House of Lords on the 9th inst, Lord
Derby made the following stotemens
In the hrst place not only mutt en extremely !aIge
and increasing production of gold have the effect 70
considerable extent VI raising the noneypr oil al
articles but by making money cheap aud abundant ana
the rate of interest low II enables the employers oi aDoF
10 mike exeTtions they would not otherwise Do able I'd
make and to furnish an amount OF employment win,h
throws the balance IN ayor OF the iaborers by dnish
Ing the apparent number OF competitors Tor employment
lfenr hear But independently Of thls, LOOK 70 ule ex
tent 70 which emigration has been carried within the
last lev ycaIs, and lind, taking English anu hSh 70
gether that there has been IN emigration from this
country in le5O 1871 and lcJ alone o. z2oOoO persons
In 1850 in 1851 Of $4,000 in lsJ2, Of JOOOO persons
ms king total IN three years Of about eOOOO; nost oi
them be Il recolected in the prime OF lie and all able
competitors In the labor market OF this country Don't
suppose thst this emigration has tax place exclusively
The emigration from Liverpool must be LEFT out OF
view becase though from an English port nine tenls
Of IN are entirely Irih But there has been an egfs
ton rom England alone Of many thousands even In mo
last year IL Is impossible - ayoid tns copeus'oS ina
these CIRCUMSTANCES combined the large amount OF so
rendering money easy ana EN- sso, Wv a.,
labor markct must have the effect % keeping up ue
rste Of yages D. the working classes ana preventing
tie concurrence II hose accompanying eyis " WHICH
Int for those mitigating cheulns iances mo measures
,aken would have been attended, ut without looking
m what may be the why the system newly intro
duced L working adySnta geousy for the working
clsses than We anticipated am bound b look, not 10
he but 70 practical result and 10 look 30 the
deliberate expres.ion Of the feeling Of the people.
bep AZ the commencement of the lsst session Of par
ualaeut had COR the hrst time TIE honor very unex
pected,y Of addressing your lord hips from tue pacs
where now stand stated hal Il would be my desire
u &C nd0ct the bufness 81 de country through the
sfssOn then commencing without any reterence ia
tLoss important questions On which dllefence Oh P0-
inicsl principle cksted that tnaf point mast be
4 point referred 10 the deliberate consideration
Of the country, tested by the restlt of gen
eIal ctlon and that BY the result OF that general
election and my colleagues were prepared 70 abide
and unless had the full sancflcn and support OF
large jori.y Q. The county, would abstain from pro
posing those We, 10 our private Judgment
deenIEd right That appeal has been nasdei and have
no hesitation IA saying 70 your lOrdshIps that WITH re
.peet 20 the imposon Of any duty on corn any prove
ions only there net that large majority, without
which declared TIA. would not submit such prop"
ston 10 TIE consideration OF pariianef bn 10 the co
try by very lnrge aud very undouoted majority, IN
elIdi1g veTy eolsiderable proportion 81 represents
tyes OF tne Agricultural hstcts enseiy e. have cscar
ed that wheth or tmght be Desirable not a. netfe
of policy yet n the presen state Of the country, me-
determine nc. 10 20 back irou thst system Of es.ho'
which has bssn established they viii not consent
the iruposuon Of any tax yae Introduction OF pro
Visions Nv lords say that that questDo eaf,es W
Il the whole financial policy Of the conery ~ hnsn
have been possible ~ sdopt system Of zee uss
n commonly called and 20 have made tnoss ~
artcles exceptions from that general pos'cyi Nv
no, r,ossibeto lay down system OF ponsy ~ Wncu
shond have free trade IN corn and pfovhons, 80 ~
xhieh yoa should not follow up ~ Ar es posa2se. y.
49, .y;ncine win regard TO other mstters. Hear
mr. apdsr stand tia, which Il intended b Toe ssa'