Blackwood's Edinburgh Magazine, Volume 67, Number 414, April, 1850 — John Shaqi
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
But why go into details to illustrate a fact which, so far from being
denied, is openly admitted, and even gloried in by the Free-traders?
In a late paper on Free Trade, we estimated the decline in the value
of agricultural produce, in the British islands, in consequence of
free trade in grain, at £75,000,000, or a fourth of its amount. But
the Free-traders tell us, and apparently with reason, that this is too
low an estimate. Mr Villiers, in seconding the Address in the House
of Commons, calculated the saving of the people, in the consumption
of all the kinds of food, since 1847, at £91,000,000; and if to this
is added the price of the 12,000,000 quarters of all sorts of grain,
which were imported in the course of 1849, estimated at the moderate
average of 20s. a quarter, the loss to the agricultural interest will
be £103,000,000. But this is evidently too high, as the prices of 1847
were scarcity prices, owing to the famine in Ireland; and deducting
£13,000,000 on that account, there will remain £90,000,000 at the very
least which has been lost in one year to the agricultural interest of
Great Britain and Ireland. This is more than _a third_ of its amount,
which may be taken, under the reduced scale of prices, for three years
prior to the Irish famine, at £250,000,000 annual value.
But this, it is said, is all a landlords' question: the community at
large, and, above all, the borough electors who rule the empire, have
no interest in it. A landlords' question truly! Why, the whole _land_
rents of the two islands,[3] abstracting from them those of houses,
are under £60,000,000 annually; and a loss of £90,000,000 a-year is a
landlords' question only! It is, at least, as much a tenants' question
as a landlords'; and as there are now 750,000 holders of land in
the two islands of Great Britain and Ireland, amounting with their
families to 2,500,000 souls, this body, one and all of whom have
been impoverished by the change, must be taken as a clear addition
to the landlords, who have been directly and deeply injured by the
same causes. And what are we to say to the agricultural labourers,
mechanics, millers, wheelwrights, and artificers, who depend directly,
immediately, and almost entirely, on the market for the produce of
their industry among the rural population? At the very least, their
incomes would all decline a half, and they, with their families,
amount to some millions more. And this is what the Free-traders call a
landlords' question!
[3]
England, £47,000,000
Scotland, 3,500,000
Ireland, 8,000,000
------------
£58,500,000
Apart, in the three Kingdoms, from rents of houses, which amount to
about £45,000,000 more.
Public-domain text, read in full here on John Shaqi.
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