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
--I feel, Sir, that I assert the truth when I add, that my predecessors
in office collected these heavy sums within the walls of their office,
and the proprietors were then in a position to pay sufficiently early,
to avail themselves of the ten per cent discount allowed by law for
prompt payment. How different is it with me, sir? I am necessitated not
only to keep my hands constantly at the pump, but in too many cases I
have been obliged to give the finishing stroke of destruction by levying
upon the stock of these properties; and but for much forbearance on my
part, heaven knows if others might not be hurried as quickly to ruin.
These are truths patent to all; and I assert that this very fact of the
taxes being so much reduced, so insignificant by comparison, and yet
unable to be met, or met with the greatest difficulty, is an undeniable
evidence of the total prostration of the island."
The third symptom to which we would refer is one of marked importance.
We mean the enormous increase of emigrants from the British islands. The
emigration from the United Kingdom, which, in 1843, amounted only to
57,212, rose in 1849 to the astounding number of 299,498, _being 22,000
more than the entire combined population of the large counties of Perth
and Fife_, according to the census of 1841! How is that fact
reconcilable with the professed prosperity of the country? Fourth, and
last, because we need not here multiply examples, we have the returns of
the Income-tax, which must be accepted, if anything is to be accepted,
as a sure index of the state of the nation, and regarding which there
can be no delusion, as in the case of export and import tables. Well,
then, what do we find from these? Why, that in 1843 the amount of
property assessed for trades and professions amounted to £63,021,904.
That was under a protective policy. But in 1850, with Free Trade in full
operation, that property, which, be it remarked, includes the entire
profits arising from the commerce and manufactures of Great Britain, was
estimated only at £54,977,566. Where, then, are the increased profits?
Let the oracles of Free Trade explain.
Surely these are no wholesome symptoms of the state of the country.
Taken singly, each of them implies an enormous amount of misery and
decline; taken together, they furnish clear evidence of general national
decay. They show us that trade, commerce, and manufactures are far less
profitable than before. They show us that emigration from the mother
country has multiplied five or six fold, and that the great stream of it
is directed to America, a country which is flourishing under protective
laws. They show us that agriculture, the only great staple of Irish
industry, is largely on the decline. They show us that some of our once
richest colonies--because the case of Jamaica is precisely that of
several others--are prostrated, and the capital invested in them lost.
And all this has taken place under the new commercial system!
Public-domain text, read in full here on John Shaqi.
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