IV. Free-trade having exposed our colonists in the West Indies, who were charged with an indolent emancipated black population, to a direct competition with the slave colonies of other countries, where sugar, being raised by forced labour, could be brought to the market at little more than half the price which it cost in the British--government next obstinately adhered to their determination to ruin these colonies, and destroy capital to the amount of £100,000,000 sterling, rather than abate one iota of their free-trade principles; realising thus, indeed, the exclamation of Robespierre--"Perish the colonies, rather than one principle be abandoned!" The consequence is, that one half of the estates in the British West India islands will go out of cultivation, and be choked with jungle in the course of this year. Agricultural produce, once averaging £22,000,000 annually, will be destroyed in the next: a market once taking off £3,600,000 of our manufactures, and giving employment to 250,000 tons of our shipping, will be extinguished; and the foreign slave-colonies, having beat down British competition, will get the monopoly of the sugar-market of the world into their own hands, and raise its price to 7d. or 8d. a pound in the English market--thus terminating the miserable advantage for which all these disasters are incurred. Whoever considers seriously, and in a dispassionate mode, the necessary effect of the measures on the part of government which have now been detailed, so far from being surprised at the extent of the devastation and ruin which has occurred simultaneously in Great Britain, Ireland, the East and West Indies, will only be surprised that it has not been greater and more wide-spread than it actually has been. He will regard it as the most decisive proof of the vast resources of the British empire, and the indomitable energy of the British people, that they have been able to bear up at all against such repeated and gratuitous blows, levelled, not intentionally, but from mistaken principles, by their own rulers at the main sources of national prosperity. And he will not consider it the least remarkable circumstance, in this age of wonders, that when the ruinous effects of these their own measures had been clearly and beyond all dispute demonstrated by experience, government not only positively refused to make the smallest abatement from, or change in their suicidal policy, but in every instance declined to give the slightest assistance to the persons ruined by, or suffering under it. To us, reflecting on the causes to which this extraordinary and unprecedented conduct on the part of government is to be imputed, it appears that it can only be accounted for from two causes, to the combined operation of which the present distressed condition and recent danger of the British empire are entirely to be ascribed.