Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850Various
History
Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850
Various
England -- Periodicals; Scotland -- Periodicals
“Now, the misery arising from the reduction of the resources of the
farmer could not be confined to his own class in society; it would
immediately and seriously affect the manufacturing and commercial
interests. The great trade of every country, as Adam Smith long ago
remarked, is between the town and the country: by far the greatest
part of the produce of our looms is consumed by those who, directly or
indirectly, are fed by the British plough. Not the haughty aristocrat
only, who spends his life in luxurious indolence among his hereditary
trees, but the innumerable classes who are maintained by his rents and
fed by his expenditure—the numerous creditors who draw large parts of
his rents through their mortgages, and live in affluence in distant
towns upon the produce of his land—the farmers, who subsist in
comparative comfort on the industry which they exert on his
estates—the tradesmen and artisans, who are fed by his expenditure or
the wants of his tenantry—all would suffer alike by such a change of
prices as should seriously affect the industry of the cultivators.
Every shopkeeper knows how much he is dependent on the expenditure of
those who directly or indirectly are maintained by the land, and what
liberal purchasers landlords are, compared to those who subsist by
manufactures; and it is probable that the first and greatest sufferers
by the repeal of the Corn Laws would be many of those very persons
whose blind cry for Reform had rendered it unavoidable.
“Now, the discouragement of British agriculture consequent on a
free-trade in corn would be _permanent_, although the benefit to the
inhabitants of towns could only be temporary. After the destruction of
a large portion of British agriculture had been effected, by the
immense inundation of foreign grain, prices would rise again to their
former level, because the monopoly would then be vested in the hands
of the foreign growers; and the bulky nature of grain renders it
_physically_ impossible to introduce an _unlimited_ supply of that
article by sea transport. But the condition of British agriculture
would not be materially benefited by the change; because prices would
rise _solely_ in consequence of the British grower being, for the most
part, driven out of the field; and could be maintained at a high level
only by his being _kept_ from an extensive competition with the
foreign cultivator. Should the British farmers, recovering from their
consternation, recommence the active agriculture which at present
maintains our vast and increasing population, the consequence would
be, that prices would immediately fall to such a degree, as speedily
to reduce them to their natural and unavoidable state of inferiority
to the farmers of the Continent.
Public-domain text, read in full here on John Shaqi.
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