That cheapness of itself is no blessing, even our opponents admit in the arguments which they try to direct against us. Read their accounts of the squalidness and poverty which prevail in the larger towns--the testimony which has been laboriously collected as to the lamentable fall of wages, and the diminished profits of thousands employed in the lower kinds of handicraft. Undoubtedly competition among themselves has contributed to this state of matters; but in no degree at all commensurate to the great decline which has taken place since we commenced the ruinous system of reducing customs duties. Mr Joseph Hume once ventured to maintain, in the House of Commons, "that England might exist and prosper as a purely manufacturing and commercial country, if it did not grow a single bushel of corn,--if, in exchange for its manufactures and minerals, it imported from the cheap corn-producing countries every quarter of wheat required in this country!" How far that statement is compatible with the ascertained sources of the national wealth, we leave our readers to decide. This much, however, we shall say, that England, so situated, would be a very different country from that which we have known; and that the wildernesses of the West would offer a place of abode infinitely preferable to that which we could enjoy here under the gentle sway of the Millocrats, and the enlightened legislation of the Economists. _Printed by William Blackwood & Sons, Edinburgh._ * * * * * Transcriber's note: Minor typographical errors have been corrected without note. Irregularities and inconsistencies in the text have been retained as printed. Mismatched quotes are not fixed if it's not sufficiently clear where the missing quote should be placed. The cover for the eBook version of this book was created by the transcriber and is placed in the public domain. End of the Project Gutenberg EBook of Blackwood's Edinburgh Magazine, Volume 68, No. 417, July, 1850, by Various