To the industrial classes, whether in the produce of land, mines, or manufactures, it need hardly be said that this gradual rise of prices will be the greatest of all possible blessings. They may easily prognosticate what these will be: experience has given them a clear mode of estimating them. They have only to figure to themselves the _very reverse_ of the whole seasons of distress which they have experienced during the last thirty-five years, to foresee their destiny. We shall not say that their condition will resemble what it was during the periods of excitement of 1824, 1836, or 1845; because these were artificial periods, when the effects of our monetary laws acted as ruinously in fostering speculation, as they did in the years immediately following in contracting the currency by which it was to be carried on. The change, in this instance, like all those induced by the wisdom of Nature, not occasioned by the folly or precipitation of man, will be gradual in its operation. The rise of prices will be so slow that it will from year to year be scarcely perceptible. From ten years, however, to ten years, it will be very conspicuous, and produce most important effects upon the progress of society. It will be gradual, but ceaseless, and unaccompanied by any of those vacillations which, under our monetary laws for the last thirty years, have produced such frightful devastation. Nor need the consuming classes be under any apprehension that this rise of prices, which it is altogether beyond their power to prevent, will in the end prove detrimental to their interests. But for the delusions which, for their own purposes, the Free-Trade party have diffused through the world, it would have been superfluous, and in truth ridiculous, to have said anything on this subject. Every consumer stands on some producer: _ex nihilo nihil fit_. Is any argument required to show that the former cannot be in the long run injured by the bettering of the condition of the latter, by whose industry he is maintained? It is as clear as any proposition in geometry, that if the producing classes are kept in a prosperous condition, there must every year be an addition made to the sum total of the produce, which is divided among, and maintains the _fainéants_ consumers. Those who depend upon fixed money-payments, indeed—as fundholders, annuitants, bondholders, and the like—will, in the first instance, undoubtedly be placed in a worse condition, because the money they receive will not go so far in the purchase of commodities as it once did. But this evil will even to them be in a degree compensated by the superior steadiness in money transactions, which a plentiful circulating medium never fails to induce, and the absence of those periodical monetary crises, the result of faulty legislation, which have so often in the last thirty years swallowed up the investments deemed the most secure.