Blackwood's Edinburgh Magazine, Volume 58, No. 362, December 1845Various
History
Blackwood's Edinburgh Magazine, Volume 58, No. 362, December 1845
Various
England -- Periodicals; Scotland -- Periodicals
We cannot think that Sir Robert Peel would sanction a measure so
clearly and palpably unwise, for the sake of liberating only half a
million quarters of wheat, which is the calculated consumption of a
fortnight. But the late frequent meetings of the Privy Council have
afforded an admirable opportunity for the alarmists to declaim upon
coming famine. Matters, they say, must be looking serious indeed, when
both Cabinet and Council are repeatedly called together; and they jump
at the conclusion, that suspension of the corn-law is the active
subject of debate. We pretend to no special knowledge of what is
passing behind the political curtain; but a far more rational
conjecture as to the nature of those deliberations may be found in the
state of the potato crop, and the question, whether any succedaneum
can be found for it. Perhaps it would be advisable to allow Indian
corn, or maize, to come in duty-free; if not as food for people, it
would feed horses, pigs, or poultry, and would make a diversion in
favour of the consumption of corn to a certain extent; and such a
relaxation could be made without interfering with the _corn_-laws, for
maize is not regarded as corn, but stands in the same position as rice
and millet. We might try this experiment with the maize, as the Dutch
have already forestalled the rice market.
If the state of the harvest is such as we conscientiously believe it
to be, there can be no special reason--but rather, as we have shown,
the reverse--for suspending the action of the corn-laws at this
particular juncture. If the enactment of that measure was founded on
the principle of affording protection to the farmer, why interfere
with these laws at a time when any apprehension of a famine is
entirely visionary? And since there is a large quantity of food in the
country, the present prices are certainly not attributable to a
deficiency in the crop, and are, after all, little more than
remunerative to the farmers who are raisers of corn alone. The present
rents could not possibly be paid from the profits of the growth of
corn. It is the high price of live stock which keeps up the value of
the land. The aggregate average price of wheat throughout the kingdom
is only 58s. 6d., upon which no rational argument can be founded for
the suspension of the laws of the country. Besides the working of the
corn-laws will in its natural course effect all that is desirable; at
any rate it does not prevent the introduction of foreign grain into
the market. The present state of the grain-market presents an apparent
anomaly--that is, it affords a high and a low price for the same
commodity, namely wheat; but this difference is no more than might
have been anticipated from the peculiar condition of the wheat crop,
which yields good and inferior samples at the same time. It can be no
matter of surprise that fine wheat should realise good prices, or that
inferior wheat should only draw low prices. The high price will
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