Cassell's History of England, Vol. 5 (of 8): From the Peninsular War to the Death of Sir Robert PeelAnonymous
History
Cassell's History of England, Vol. 5 (of 8): From the Peninsular War to the Death of Sir Robert Peel
Anonymous
Great Britain -- History
decreed that the people who fought the battles of the world, and who
would bear the bulk of the weight of taxation created by these wars,
were never, so long as this law continued, to eat corn at less than
four pounds per quarter. This was, in fact, not only a prohibition of
cheap bread, but a prohibition of the sale of the labours of the people
to foreign nations to the same extent. It was an enactment to destroy
the manufacturing interest for the imagined benefit of land-owners;
and it was done on this plea, as stated by Mr. Western, one of the
leading advocates of the Bill--"That, if there is a small deficiency
of supply, the price will rise in a ratio far beyond any proportion
of such deficiency: the effect, indeed, is almost incalculable. So,
likewise, in a surplus of supply beyond demand, the price will fall
in a ratio exceeding almost tenfold the amount of such surplus." The
avowed object, therefore, was to prevent the manufacturing population
from reaping the benefit of that Continental peace which they had
purchased at such a cost, and consequently to repress the growth of
their trade to the same degree. Mr. Tooke, in his "History of Prices,"
confirms this view of the matter, asserting that "the price of corn in
this country has risen from one hundred to two hundred per cent., and
upwards, when the utmost computed deficiency of the crops has not been
more than between one-sixth and one-third below an average, and when
that deficiency has been relieved by foreign supplies." Mr. Western
candidly showed that, to the farmer, years of deficiency were the most
profitable, from this principle of enormous rise from a small cause;
that if the produce of an acre of wheat in a good year is thirty-three
bushels at six shillings, the amount realised would be only nine pounds
eighteen shillings; but, if the produce were reduced by an unfavourable
season one-sixth, and the price raised from six shillings to twelve
shillings, the produce of twenty-seven and a half bushels would realise
sixteen pounds ten shillings, the difference being profit!
The effect was immediately shown by a rapid rise of prices, wheat
becoming one hundred and three shillings a quarter. But this did not
satisfy the land-owners, and Mr. Western, in 1816, introduced no less
than fourteen resolutions to make more stringent the exclusion of
foreign corn. It was openly declared "that excessive taxation renders
it necessary to give protection to all articles, the produce of our
own soil, against similar articles, the growth of foreign countries."
Mr. Barham declared that "the country must be forced to feed its own
population. No partial advantage to be derived from commerce could
compensate for any deficiency in this respect. The true principle of
national prosperity was an absolute prohibition of the importations of
foreign agricultural produce, except in extreme cases;" and on this
ground it was proposed to exclude foreign rape-seed, linseed, tallow,
butter, cheese, etc.
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