Blackwood's Edinburgh Magazine, Volume 67, Number 414, April, 1850Various
History
Blackwood's Edinburgh Magazine, Volume 67, Number 414, April, 1850
Various
England -- Periodicals; Scotland -- Periodicals
It is not surprising that Government, amidst all the professions
of confidence in the national resources, and assertions of general
prosperity from Free Trade measures, should be thus, in their
legislative acts, betraying a secret consciousness of the rapid decline
of agricultural remuneration and of the existence of widespread
Colonial distress. The prospects of the cultivators, both at home and
in the Colonies, are gloomy in the extreme. The price of wheat is now
known: it has been judicially fixed, at least in Scotland. The _fiar_
prices in that country are, on an average, £1, 16s. for wheat, and 14s.
for oats; instead of 51s. for the former, and 24s. for the latter,
which they were three years ago, before the Irish famine set in. Good
wheat is selling at this moment in the Haddington market at £1, 13s.
6d. a quarter--lower than it has been for a hundred and fifty years.
Black cattle have fallen in the proportion of ten to six, or forty per
cent; and although the rents of sheep-farms have as yet, from the high
prices of wool, not been materially affected, yet it is well known that
they too will ere long share in the general decline. Rents are in most
parts of Ireland irrecoverable: the misery in many of its Unions equals
that of the worst period of the famine. Rents in Scotland will at next
term-day be postponed: the tenants, acknowledging their inability to
pay, generally are already asking for time; and it is well understood
on both sides, that, if the present low prices continue, the arrears,
now fast accumulating, will become irrecoverable. On England it is
unnecessary to dwell: it has spoken out in a voice which can neither be
mistaken nor pretended to be unheard.
Public-domain text, read in full here on John Shaqi.
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