London and the Kingdom - Volume 3: A History Derived Mainly from the Archives at Guildhall in the Custody of the Corporation of the City of London.Sharpe, Reginald R. (Reginald Robinson)
History
London and the Kingdom - Volume 3: A History Derived Mainly from the Archives at Guildhall in the Custody of the Corporation of the City of London.
Sharpe, Reginald R. (Reginald Robinson)
London (England) -- History
At the opening of the session the Prince Regent had congratulated the
country upon the prosperity of the revenue and of all branches of
trade and manufacture.[719] As a matter of fact both the commercial
and agricultural interests of the country were in a very bad way.
The high prices produced during the latter part of the war by the
continental system, which virtually excluded foreign competition, had
been most disastrous to agriculture by encouraging a bad system of
farming, whilst they inflicted the greatest hardship upon all but the
wealthiest class. In 1811 the price of a quartern loaf--as set from
time to time by the Court of Aldermen, according to the custom of the
city,[720] "within the city and the liberties thereof, and the weekly
Bills of mortality, and within ten miles of the Royal Exchange"--had
risen to such a height that the Common Council presented an address
to the Regent (18 Dec.) praying him to take measures for re-opening
commercial intercourse with foreign, and especially neutral, nations.
To this the Regent replied that nothing should be wanting on his part
towards restoring commercial intercourse between this country and other
nations "to the footing on which it has been usually conducted, even in
the midst of war."[721] The average price of the quartern loaf, from
this period until the autumn of 1813, when the country was blessed
with a rich harvest, may be set down at 1_s._ 6_d._ It then began to
fall rapidly. Flour, however, kept up in price for some time owing to
the dryness of the summer, which prevented many mills near London from
working, whilst several of the mills which could work "were engaged
in answering the demands of government for the army abroad, and the
prisoners of war confined in this country."[722]
[Sidenote: The City and the first Corn Law, March, 1815.]
Public-domain text, read in full here on John Shaqi.
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