For this very notable sentiment, Mr Wilson was clapped on the back
by the Manchester men, and commended thus in the seventh circular
of the League:--"We are much indebted to Mr Ibbotson of Sheffield,
_Mr James Wilson_, and our esteemed correspondent, for labouring to
prove to the landlords that they may safely do justice to others,
without endangering their own interests. And we think very much has
been done towards justifying their opinions, _that the money price
of grain would not be lowered even by the total repeal of the Corn
Laws_!" Sir Robert Peel, in the memorable debates of 1846, attempted
to justify his experiment on the ground that previous commercial
relaxations had been found beneficial to the parties who were
directly engaged in the trade, his inference being, that the same
result would follow in the case of the agriculturists. Unfortunately
the data upon which he proceeded were altogether fallacious; for,
notwithstanding his dexterity in selecting figures, and bringing
out balances which were apparently favourable, it was clearly
demonstrated by Lord George Bentinck, that in no one instance
whatever had those relaxations proved favourable to the British
producer, and that many of them had moreover occasioned a large
loss to the public revenue. But the language held by Sir Robert
Peel, upon that occasion, cannot be construed otherwise than as
the expression of an opinion that, by the repeal of the Corn Laws,
prices would not be materially disturbed--at all events, that they
would not be lowered so as to fall below the remunerative point.
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account