We believe that this deliberate decision of the nation, is that to
which it will come whenever again appealed to; and is supported by
reasons of cogency. The nation is thoroughly aware of the immense
importance of upholding and protecting the agriculture of the country,
and that to secure this grand object, it is necessary to admit foreign
corn into the country, only when our deficiencies absolutely require
it. That _in_ the operation of the "_sliding-scale_ of duties," and
the exact distinction between its effect and that of the proposed
_fixed_ duty, is demonstrably this: that the former would admit
foreign corn in dear years, excluding it in seasons of abundance;
while the latter would admit foreign corn in seasons of abundance, and
exclude it in dear years. Our _present_ concern, however, is with the
course taken by the present Government. Have they hitherto yielded to
the clamour with which they have been assailed, and departed from the
principle of affording efficient protection to the agriculture of the
country? Not a hair's breadth; _nor will they_. We have seen that Sir
Robert Peel, previously to the general election, declared his
determination to adhere to the existing system of corn-laws,
regulating the admission of foreign corn by the power of the
sliding-scale of duties; but both he and the leading members of his
party, had distinctly stated in Parliament, just before its
dissolution, that while resolved to adhere to the _principle_ of a
sliding-scale, they would not pledge themselves to adhere to all the
_details_ of that scale. And they said well and wisely, for there were
grave objections to some of those details. These objections they have
removed, and infinitely added to the efficiency of the sliding-scale;
but in removing the principal objections, they stirred a hornet's
nest--they rendered furious a host of sleek gamblers in grain, who
found their "occupation gone" suddenly! On the other hand, the
Government conferred a great substantial benefit upon the country, by
securing a just balance between protection to the British corn
consumer and producer; removing, at the same time, from the latter, a
long-existing source of jealousy and prejudice. A few words will
suffice to explain the general scope of those alterations. Under they
system established by statute 9 Geo. IV. c. 60, in the year 1828, the
duty on foreign corn, up to the price of 68s. per quarter, was so
high, and declined so very slowly, (L.1, 5s. 8d., L.1. 4s. 8d., L.1,
3s. 8d., L.1, 2s. 8d., L.1, 1s. 8d., L.1, 0s. 8d., 18s. 8d.,) as to
amount to a virtual prohibition against importation. But when the
price mounted from 68s. to 72s. per quarter, the duty declined with
such great rapidity. (16s 8d., 13s. 8d., 10s. 8d., 6s. 8d., 2s. 8d.,)
as to occasion the alarming and frequently recurring evils of glut and
panic. Now the following was the mode in which these serious defects
in the law of 1828 were taken advantage of by the aforesaid desperate
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