Illustrations of political economy, Volume 7 (of 9)Martineau, Harriet
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Illustrations of political economy, Volume 7 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
“Why, yes,” said Chatham. “If any corn-tax is, generally speaking, bad,
none can be so bad as one that makes twice as much uncertainty as there
is occasion for. To impose a duty on the basis, as you say, sir, of the
distresses of the country, seems an odd way of raising money for the
state; and to make such a duty a gambling matter seems to me more odd
still. In the case of such a graduated duty as you speak of, falling as
home prices rise, the corn-dealer’s business becomes an affair of
gambling speculation. He sends for corn when wheat is at one price, and
brings it in when wheat is at another. If the price has fallen, he has
so much more duty to pay that the speculation may ruin him. If the price
has risen, he may make enormous profits that he did not expect. I may
say this much for the corn-dealer, as Kirkland is not here to speak for
himself, that he had much rather pay a constant duty which would leave
him no uncertainties to manage but the supplies of corn at home and
abroad, than take the chance of enormous occasional profits at the risk
of ruinous occasional loss.”
“Ay, Chatham: there you come to a very important part of the question,—
the uncertainty of supply. If you can answer for our having a regular
and unfailing supply of food from abroad, when we have too little for
our people at home, you can answer for more than the House of Commons
can; for they adopt as their principle the safety of lessening our
dependence on foreign countries for food.”
“When they can answer for our having a regular and constantly increasing
supply at home,” replied Chatham, “I may perhaps yield the question to
them. When you can find any member of their committee who will tell me,
at any seed-time, what will be the produce of an average sowing, I will
consent to his making the nation depend on that produce. When you can
bring me proof that the rich harvests of one district are not of use in
repairing the deficiencies of a less favoured district, I will own it to
be as safe to depend for supply on our own little island as on the
collective corn districts of the globe. When you can convince me that we
buy as advantageously by fits and starts as under a system of regular
commerce, I will grant that regularly importing countries have not the
steadiest market.”
A listener observed that Kirkland had lately said, in reference to his
having had to hunt up corn abroad during the scarcity, that there was a
difference of ten per cent. between “Will you sell?” and “Will you buy?”
“Kirkland learned that saying from a greater man than any of us,”
observed Mr. Fergusson. “It was Franklin who said that true saying. But
there are other uncertainties to be considered, besides the variations
of the seasons. Clouds gather over men’s tempers as well as over the
face of the sky. Tempests of passion sweep away the fruits sown between
nations in a season of promise. Springs of kindness are dried up, as
well as fountains of waters. We have not considered the risks of war.”
Public-domain text, read in full here on John Shaqi.
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