Great Britain -- History -- 19th century -- Sources
The main causes of that change are stated in a public letter which I
addressed to my constituents shortly before the General Election of
1847, from which the following is an extract. The latter part of this
extract refers to a question in some respects distinct—namely, the
difficulty there would be in subsequently maintaining inviolate the
Corn Law of 1842 in the event of its suspension in 1845 on account of
apprehended scarcity. I will give, however, the extract entire, as the
reasoning applies with nearly equal force to the principle of continued
protection as well as to the policy of its revival after having been
once in abeyance. The letter is dated July, 1847.
_To the Electors of Tamworth._
My confidence in the validity of the reasons on which I had myself
heretofore relied for the maintenance of restrictions on the import
of corn had been materially weakened. It had been weakened by the
conflict of arguments on the principle of a restrictive policy; by many
concurring proofs that the wages of labour do not vary with the price
of corn; by the contrast presented in two successive periods of dearth
and abundance, in the health, morals, and tranquillity and general
prosperity of the whole community; by serious doubts whether, in the
present condition of this country, cheapness and plenty are not ensured
for the future in a higher degree by the free intercourse in corn, than
by restrictions on its importation for the purpose of giving protection
to domestic agriculture.
It had been weakened also by the following considerations, which were
in a great degree new elements in forming a judgment on this vital
matter.
The general repeal of prohibitory duties, and the recent application
of the principles of free trade to almost all articles of import from
abroad, made the Corn Laws the object of more searching scrutiny and
more invidious comment, and narrowed the ground on which their defence
could be maintained.
Among the articles of foreign import prohibited up to the year 1842,
and then admitted at low rates of duty, were some important articles
of agricultural produce, salted and fresh meat, oxen, sheep, cows,
etc. You probably recollect the panic which this admission caused—the
forced sale of stock, the prophecies that it would be impossible to
compete with the foreign grazier, and that meat would be reduced to
threepence a pound. Five years have passed since this great change in
the law took place, and your own experience will enable you to judge
whether the panic was well founded, and whether the prophecies have
been fulfilled.
The complete failure of these prophecies had naturally had its effect
on public opinion with regard to the probable consequences of a free
intercourse in other articles of agricultural produce.
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.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account