Blackwood's Edinburgh Magazine, Volume 65, No. 399, January 1849 — John Shaqi
Blackwood's Edinburgh Magazine, Volume 65, No. 399, January 1849Various
History
Blackwood's Edinburgh Magazine, Volume 65, No. 399, January 1849
Various
England -- Periodicals; Scotland -- Periodicals
Parliamentary reform, for which the Whigs, disappointed by long
exclusion from office, laboured strenuously, in conjunction with
the commercial and moneyed classes, enriched by protection, gave
them the means of carrying both objects into execution, because
it made two-thirds of the House of Commons the representatives of
burghs. The cry of cheap bread was seductive to all classes in
towns:--to the employer, because it opened the prospect of reducing
the price of labour, and to the operative, because it presents that
of lowering that of provisions. To these two objects, accordingly,
of raising the value of money and lowering the remuneration of
industry, the Reform parliament, the organ of the moneyed interest
and consuming classes, has, through all the changes of party, been
perfectly steady. It is no wonder it has been so, for it was the
first-born of those interests. Twenty years before the cry for
reform convulsed the nation--in 1810--the Bullion Committee brought
forward the principle of a metallic, and, consequently, a contracted
currency; and they recommended its adoption in the very crisis of
the war, when Wellington lay at Torres Vedras, and when the monetary
crisis to which it must have led would have made us a province of
France. Reform was the consequence of the change in the currency,
not its cause. The whole time from 1819 to 1831, with the exception
of 1824 and 1825, was one uninterrupted period of suffering. Such
was the misery it produced that the minds of men were prepared
for any change. A chaos of unanimity was produced by a chaos of
suffering.
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