Loss to British importers on Cotton, £4,000,000 " " Sugar, 2,150,000 " " Coffee, 371,000 " " Tea, 1,066,600 " " Corn and Flour, 500,000 " " Dye-stuffs, Molasses, Silk, and } other miscellaneous articles, } 1,912,400 " " Manufacturers of goods in } course of perfection, and } dealers and retailers of stocks } 2,000,000 of produce, &c., depreciated, } " " Shipowners, 4,700,000 " " Iron manufacture, 700,000 " " by Exporters, 2,500,000 ---------- Total, £19,900,000 =========== It would have been perfectly easy for me to have performed more than the whole of my promise, had I not strictly guarded myself in every case against assuming anything which could call forth denial which I am not fully prepared to meet. My own conviction is--and there are many who will _feelingly_ confirm it--that I have understated rather than overstated the disasters of the year. Where, in the face of these facts, can be the "_prosperity_" of which the Free-Trader has been drawing such glowing pictures? It is not gladdening the eyes of the merchant and importer. It has not rewarded the enterprise of the shipowner. It has not filled the pockets of the small trader or the shopkeeper. The millowner and the manufacturer have not only not felt it, but I am confident that the majority of this class have suffered severely, as the result of the year's operations. The labourer and the artisan, with the men of fixed money incomes, have been the only parties benefited by the cheapness of the past year. But it will be said these losses have been exceptional, and will not occur again. The importer has been taught to confine his operations within the limits of legitimate demand; the manufacturer will produce no more than he can sell to a profit; and the exporter will cease to glut every foreign market. Prudence, indeed, suggests this course; but then, what will become of the statistical proofs, furnished us every month, of the nation's progress in well-doing? Our exports will no more be triumphantly pointed to as affording such proof; and our imports will cease to show that sort of prosperity, derived from the circumstance of a portion of the nation being enabled to live in abundance upon the losses of the remainder. If our exports and imports are reduced to the level of our power to sell at a fair profit, and to consume without the