Mr Laing is not an observer who runs any risk of being entangled in the obvious meshes of the Free-Trade net. He has seen too much of other countries, and has too just an appreciation of the practical value of politico-economical theories, to be deceived by the common sophisms of the Manchester dialectics. No one has more ably exposed the cardinal fallacy on which the whole system hinges--that a permanently low price of corn is necessarily beneficial to the people. In the former series of his _Observations_, published at a time when the common-sense of the country was beginning to give way before the bold and clamorous assertions of the League, he showed, by arguments sufficient to have convinced any one who would have listened to calm reason, that, in a country like Great Britain, the cheapness of imported corn, though it may enrich the employer of labour, cannot in the long run be an advantage to the working man. He pointed out clearly, too, the fallacy that ran through all the calculations of Dr Bowring and Mr Jacob, as to the supply of grain which the Northern countries of Europe could send us, and the price they could afford to take for it. Every week's experience is now showing the utter worthlessness of the large mass of estimates and returns compiled by these great statistical authorities, and confirming what Mr Laing foretold in opposition to all their calculations--that our principal imports would be drawn from the countries whose produce reaches us through the Baltic, at prices which, in ordinary seasons, must uniformly undersell the English grower in his own markets. The reason assigned by him is a very clear one, and well deserves the attention of those landowners and farmers at home, who are still flattering themselves with the belief that the rates and quantities of the grain imports of the last two years have been occasioned by temporary causes--that the importers must have been losing largely, and will soon cease to prosecute an unremunerative trade.