Great Britain -- History -- 19th century -- Sources
What is remarkable in this vast movement in which so many millions were
produced, and so many more promised, is, that the great leaders of the
financial world took no part in it. The mighty loan-mongers on whose
fiat the fate of kings and empires sometimes depended, seemed like
men who, witnessing some eccentricity of nature, watch it with mixed
feelings of curiosity and alarm. Even Lombard Street, which never
was more wanted, was inactive, and it was only by the irresistible
pressure of circumstances that a banking firm which had an extensive
country connection was ultimately forced to take the leading part that
was required, and almost unconsciously lay the foundation of the vast
fortunes which it has realised, and organise the varied connection
which it now commands. All seemed to come from the provinces, and from
unknown people in the provinces.
[1] _Endymion_ was published in 1880.
THE CORN LAWS AND THE MANUFACTURERS (1842).
=Source.=—_Hansard_, Third Series, vol. 60, col. 420.
[NOTE.—The speech from which the following
extracts are made was delivered in the House of
Commons on February 14, 1842, on Sir R. Peel’s
Motion for the House to go into Committee on his
proposed sliding scale of Corn Duties.]
MR. FERRAND: Sir, during the recess I thought it my duty to
watch the proceedings of the Anti-Corn-Law League, who were agitating
the country by the most violent and infamous placards, headed in large
letters—“the base, bloody, and brutal landlords keep the bread of
life from the poor”; and who were sending forth agitators, uttering
falsehoods even more horrible than this, to pay whose expenses they
have lately been exposing their wives and daughters at Manchester to
the insolence of every coxcomb who chose to pay a shilling for his
amusement. I also made inquiries into the truth of their assertions
that the Corn Laws were the cause of the depression of trade, and of
the misery and starvation of the working classes; and I found that
during the operation of the Corn Laws in the last twenty years the
Messrs. Marshall, flax-spinners of Leeds, have accumulated two millions
in money, and have purchased immense landed estates; but this firm
were not satisfied with this enormous wealth; they must carry out by
themselves the principle of free trade, and set up mills in Belgium,
where there are no Com Laws, and where labour is at a starvation
price.... I will add a few more instances of the injurious effects of
the Corn Laws on Anti-Corn-Law League manufacturers. I am credibly
informed that the credit of the hon. Member for Manchester (Mr. M.
Philips) stands as high as ever on the Exchange in Manchester—that he
is still a man of immense wealth, and has purchased extensive landed
estates. The hon. Member for Stockport (Mr. Cobden) had during these
last twelve years accumulated half-a-million of money, and when, night
after night during the last Session, he was asserting that the Corn
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account