This is tolerably strong evidence from the leading and ablest free
trade and bullionist journal. Strong indeed must have been the
testimony of facts around them, when the well-informed and powerful
writers in the _Times_ put forth such admissions as to the state of
the country. Observe, the emphatic words wrung by woful experience
from this journal. "Three years back an indignant negative would
have been given to such conjectures; but SINCE THEN the progress of
demoralisation has been rapid." Sir R. Peel's Bank Act was passed in
1844, and his free trade measures in 1846. And be it observed that
that state arose _entirely under their own system_; at a time when the
Bank charter stood unchanged, and free trade, the grand panacea for
all evils, was, and had been in a great degree, for years, in full and
unrestrained operation. We shall see anon whether the Irish famine
and English railways had any thing material to do with the matter.
Strong as it is, however, this testimony is increased by the real
evidence of facts in every direction, and of the acts and admissions
of government. These are of such a kind as a few years ago would have
passed for fabulous. They have outstripped the most gloomy predictions
of the most gloomy of the Protectionists; they have out-Heroded Herod
in the demonstration of the perilous tendency of the path we have so
long been pursuing. They could not have been credited, if not supported
by the evidence of our own senses, and the statements of ministers of
high character, from undoubted and authentic sources of information.
We subjoin a few of them, of universal and painful notoriety to every
inhabitant of the empire at this time; not in the belief that we, in
so doing, can add any facts not previously familiar to the nation, but
in order that these facts, now so well known, should get into a more
durable record than the daily journals, and not pass for fabulous in
future, and it is to be hoped, happier times.
Public-domain text, read in full here on John Shaqi.
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