So then, after the harvesting of "the largest wheat crop ever known in England," and at the dead season of the year, when the navigation of the Elbe is closed, the importation of foreign wheat into the London market exceeds the arrival of English wheat by a ratio of nearly five to one! And, with such facts before us, we are forbidden to believe that imports affect prices! We hope, when we next meet Mr Gladstone, to find him in a more logical humour, and better prepared with his facts. It is not surprising if, in a controversy of this kind, we should find the Free-traders openly contradicting each other, and very often themselves, in the advice which they gratuitously offer to the agriculturist. One section recommends further outlay on the land, more extended and elaborate tillage, and prophesies in return an augmented cereal crop. Another totally repudiates this view, but advises that the loss should be made good by green crops, wider pastures, and an infinite multiplication of cattle. The former philanthropists want more grain; the latter insist upon an extended consumption of butcher meat. The tendency of late legislation has been in favour of the latter view, and the consequence has been a depreciation in the value of cattle throughout the kingdom, of at least from 15 to 20 per cent. The consumer has not yet got the full benefit of it, but the farmer has incurred the loss; and we know instances of pasturings on which, for the last two years, not a single shilling of profit has been realised. The cattle when sent to market, after being fattened, have brought the same price which was given for them in their lean and hungry condition. The Free-traders are very bold about cattle, alleging that, in this respect, there is nothing to fear from the effects of foreign competition. And undoubtedly, to a casual observer, this would appear to be one of the least objectionable parts of their scheme. Still there is something mysterious in the fact of the great depreciation. The prices of cattle have fallen, until profit has been nearly extinguished; and if we exclude altogether the idea of foreign competition, the necessary conclusion will be, that the supply has vastly exceeded the demand. This is but poor comfort to those who are told to look to green crops for their remuneration. But we think that the subject requires a closer examination than it has yet received. We are convinced that the depreciation of live stock is intimately connected with importation, and the result of our inquiries will show whether we are right or wrong. But first let us glance at the ascertained effects of importation under the relaxed tariff.