"If one-third of the money employed in trade were locked up or gone out of England, must not the landlords receive one-third less for their goods, and, consequently, rents fall--a less quantity of money by one-third being to be distributed amongst an equal number of receivers? Indeed, people, not perceiving the money to be gone, are apt to be jealous, one of another; and each suspecting another's inequality of gain to rob him of his share, every one will be employing his skill and power, the best he can, to retrieve it again, and to bring money into his pocket in the same plenty as formerly. But this is but scrambling amongst ourselves, and helps no more against our wants than the pulling of a short coverlid will, amongst children that lie together, preserve them all from the cold--_some will starve, unless the father of the family provide better, and enlarge the scanty covering_. This pulling and contest is usually between the candid man and the merchant."--LOCKE'S _Works_, v. 14, 70, 71. _Considerations on Rate of Interest and Raising the Value of Money._ We add only the opinion of a great authority with the Free-traders, Mr Malthus, which seems almost prophetic of what is now passing in this country. We are indebted for it to the _Morning Post_, which has consistently argued the doctrines of protection and an adequate currency since they were first assailed. "If the price of corn were to fall to 50s. a quarter, and labour and other commodities nearly in proportion, there can be no doubt that the stockholder would be benefited unfairly at the expense of the industrious classes of society. During the twenty years, beginning with 1794, and ending with 1813, the average price of wheat was about 83s.; during ten years, ending with 1813, 92s.; and during the last five years of this same twenty, the price was 108s. In the course of these twenty years, government borrowed near £500,000,000 of real capital, exclusive of the sinking fund, at the rate of about five per cent interest. But if corn shall fall to 50s. a quarter, and other commodities in proportion, instead of an interest of five per cent., the government will really pay an interest of seven, eight, and nine, and for the last £200,000,000, of ten per cent. This must be paid by the industrious classes of society, and by the landlords; that is, by all those whose nominal incomes vary with the variations in the measure of value; and if we completely _succeed in the reduction of the price of corn and labour_, this increased interest must be paid in future from a revenue of about _half the nominal value of the national income in 1813_. If we consider with what an increased weight the taxes on tea, sugar, malt, soap, candles, &c., would in this case bear on the labouring classes of society, and what