Blackwood's Edinburgh Magazine, Vol. 67, No. 416, June 1850Various
General
Blackwood's Edinburgh Magazine, Vol. 67, No. 416, June 1850
Various
England -- Periodicals; Scotland -- Periodicals
an experiment--we have brought them to admit that this cheapness is
not what they intended or desired--we have brought them to apologise
for its existence, as an exceptional and temporary state of things,
and not attributable to their experiments. And step by step, if it
is not the quickest, it is at least the soundest, policy; we shall
have first this man and then that man saying, "The experiment has
been tried long enough." "I am satisfied that it has not answered
the intended purpose." "I think something must be done." "Really
matters are become alarming." And gradually, in that manner, and
in that manner only, shall we, in a permanent body like the House
of Lords, convert a minority against Free Trade into a majority in
favour of our protective principles. (Hear). That is the course which
I have felt it to be my duty to pursue during the present session
of Parliament. That is the course which--not taking the advice of
our opponents--I shall continue to pursue. Constantly we shall bring
before them the results of their experiment. I hold in my hand at
this moment a paper, which I received only this morning, and which
was moved for by my noble friend the Earl of Malmesbury this session,
in order to controvert an assertion of the Government, that at
present prices the foreigner could not by possibility import, that
present prices would not pay for the importation, and that we should
therefore see a rapid and great diminution of the imports of foreign
corn. That was the language which they held so late as the month of
January last. I have heard several persons say that February or March
would show an improvement in prices. We waited till February and
March were past, and at my suggestion the Earl of Malmesbury moved in
April for a return, showing the weekly price of wheat in the British
markets, and the quantity of corn imported from abroad during each
week in the present year. The result is, that, so far from indicating
a falling-off in imports, or a rise in price, this return shows that
the prices have fallen from 40s. on the 5th day of January, to 37s.
10d. on the 20th of April; whilst the imports have increased from
36,000 quarters of wheat in the second week of January, to 118,000
quarters of wheat, exclusive of flour, in the week ending the 17th
of April. And the total amount of imports, in little more than three
months, with an average price of from 37s. to 38s. a quarter, has not
been far short of 1,000,000 quarters of corn, converting the flour
into quarters at the ordinary rate. By the production of this paper
before the House of Lords, we disprove the assertions of those who
tell us that we have no reason to be alarmed at the course which the
experiment is taking, or that at all events we have not sufficient
grounds to call on Parliament to put an end to it. And in this course
of practical argument from facts as they occur we mean to persevere.
I know that this is a policy which is wearisome in its nature. (Hear,
hear).
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account