Blackwood's Edinburgh Magazine, Vol. 71, No. 438, April 1852Various
History
Blackwood's Edinburgh Magazine, Vol. 71, No. 438, April 1852
Various
England -- Periodicals; Scotland -- Periodicals
The evils which this wretched commercial system has brought both upon
Great Britain and her Colonies, cannot be cured by a remedy applied
solely to one injured interest. No such selfish cry has ever been raised
on the part of the agriculturists; on the contrary, we have all along
maintained that it is only by a deliberate revision of the whole system,
with due consideration to the circumstances, of each particular
interest, that the proper measure of justice to British industry can be
ascertained. Lord Derby does not propose in any way to favour the
agriculturist at the expense of the artisan. His object and his desire
is to place British labour on its proper footing, and to secure it
against being crushed by the weight of foreign competition. We are of
those who firmly believe in the reciprocity of interests in this great
country. We cannot understand how one large interest can be unduly
prostrated for the benefit of another. We are convinced that partial
legislation ever has been, and ever must be, disastrous; and we agree
entirely in the sentiment expressed by an eminent orator, in a speech
delivered in the House of Commons--"Let them but once diminish the
consumption of British-grown corn, and from that moment the consumption
of iron, of hardware, of cotton, and of woollens must decline. There
would come a fresh displacement of labour, and a fresh lowering of
wages; and discontent, disturbance, and misery, would prove its
inevitable consequences." Now, although it may be rather out of place,
in this part of our paper, to state any facts relating to the present
condition of the country, we are tempted to give one instance, which
fully corroborates the views of the said orator, and proves the justness
of his remark. The wages of the iron miners and colliers in the west of
Scotland, a numerous and important class, seeing that upwards of fifteen
thousand persons are directly engaged in that branch of industry in the
two counties of Lanark and Ayr, were in 1845, and previous years, from
5s. to 6s. per day--on the average _five and sixpence_. But now that the
duty has been taken off foreign corn, and British agriculture has been
depressed, their wages have fallen to 2s. 6d. or 3s. per day--on the
average, _two and ninepence_. Now let us see what the miners have gained
in exchange. The average price of wheat for the years 1842, 1843, 1844,
and 1845, was 48s. 5½d. per quarter. If we assume the present price
to be 38s., there is a diminution of about _one-fifth_. To that extent,
therefore, we may presume that the miners have profited by the reduction
of the price of bread; but we apprehend it would be difficult to
persuade them that the benefit is at all commensurate to the loss. They
may save a fifth upon one article of consumption, but their wages are
reduced to _one-half_.
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