Opening the text

Maxims and Opinions of Field-Marshal His Grace the Duke of Wellington, Selected From His Writings and Speeches During a Public Life of More Than Half a CenturyWellington, Arthur Wellesley, Duke of

History

Maxims and Opinions of Field-Marshal His Grace the Duke of Wellington, Selected From His Writings and Speeches During a Public Life of More Than Half a Century

Name: Maxims and Opinions of Field-Marshal His Grace the Duke of Wellington, Selected From His Writings and Speeches During a Public Life of More Than Half a Century
Author: Wellington, Arthur Wellesley, Duke of

Wellington, Arthur Wellesley, Duke of

Great Britain -- Politics and government -- 19th century; Wellington, Arthur Wellesley, Duke of, 1769-1852

rate than it was selling for in this country? Never. But look to the
operation of the law prevailing in the former part of the war; the
prices varied from 70s. to 150s. the quarter. Did we ever hear of
foreign corn being sold for 1s. less than what could be got for it in
the general markets of this country? It must be sold by the merchant
importer at the very same price as by the farmer. It is all very fine to
say that the price would be exceedingly low, if these laws were
abolished, and corn were allowed to be introduced without restriction.
Why, if the price of corn raised in this country were low, the foreigner
could not get more for his corn here, than the farmer; but if the price
of home grown corn were necessarily high, the introduction of foreign
corn would not reduce it.

_March 14, 1839._

       *       *       *       *       *

_Repeal of the Corn Laws will raise the price of Corn._

It is very important to look at this question with reference to the
interests of the commerce of the country, and also to consider the
effect of the abolition of the corn laws on the price of provisions and
on the price of manufactures. Now, if we discourage agriculture to such
a degree that any large body of persons and a great amount of capital
come to be withdrawn from it, the price of native produce must rise;
there would be so much less produce raised than before, that its
price--the price of the native produce I mean--must rise. Now, the price
of the corn imported will be the price of the diminished quantity of the
home-raised corn. Would the manufacturing labourer benefit by this?
Would the manufacturer find any advantage in it, when the diminished
value of their wages was forcing the labourers to raise the market upon
him? Would the merchant exporter gain anything by the change? Would it
not be found that, in proportion as the manufacturer must pay a larger
amount of wages, the prices of his manufactures must be augmented; and
therefore the disadvantages of competition with merchants abroad be
augmented likewise?

_March 14, 1839._

       *       *       *       *       *

_Foreign Governments would Tax the Export of their Corn._

Public-domain text, read in full here on John Shaqi.

Opening the text

Maxims and Opinions of Field-Marshal His Grace the Duke of Wellington, Selected From His Writings and Speeches During a Public Life of More Than Half a CenturyWellington, Arthur Wellesley, Duke of

History

Maxims and Opinions of Field-Marshal His Grace the Duke of Wellington, Selected From His Writings and Speeches During a Public Life of More Than Half a Century

Wellington, Arthur Wellesley, Duke of

Great Britain -- Politics and government -- 19th century; Wellington, Arthur Wellesley, Duke of, 1769-1852

rate than it was selling for in this country? Never. But look to the
operation of the law prevailing in the former part of the war; the
prices varied from 70s. to 150s. the quarter. Did we ever hear of
foreign corn being sold for 1s. less than what could be got for it in
the general markets of this country? It must be sold by the merchant
importer at the very same price as by the farmer. It is all very fine to
say that the price would be exceedingly low, if these laws were
abolished, and corn were allowed to be introduced without restriction.
Why, if the price of corn raised in this country were low, the foreigner
could not get more for his corn here, than the farmer; but if the price
of home grown corn were necessarily high, the introduction of foreign
corn would not reduce it.

_March 14, 1839._

       *       *       *       *       *

_Repeal of the Corn Laws will raise the price of Corn._

It is very important to look at this question with reference to the
interests of the commerce of the country, and also to consider the
effect of the abolition of the corn laws on the price of provisions and
on the price of manufactures. Now, if we discourage agriculture to such
a degree that any large body of persons and a great amount of capital
come to be withdrawn from it, the price of native produce must rise;
there would be so much less produce raised than before, that its
price--the price of the native produce I mean--must rise. Now, the price
of the corn imported will be the price of the diminished quantity of the
home-raised corn. Would the manufacturing labourer benefit by this?
Would the manufacturer find any advantage in it, when the diminished
value of their wages was forcing the labourers to raise the market upon
him? Would the merchant exporter gain anything by the change? Would it
not be found that, in proportion as the manufacturer must pay a larger
amount of wages, the prices of his manufactures must be augmented; and
therefore the disadvantages of competition with merchants abroad be
augmented likewise?

_March 14, 1839._

       *       *       *       *       *

_Foreign Governments would Tax the Export of their Corn._

Public-domain text, read in full here on John Shaqi.

Maxims and Opinions of Field-Marshal His Grace the Duke of Wellington, Selected From His Writings and Speeches During a Public Life of More Than Half a Century

Maxims and Opinions of Field-Marshal His Grace the Duke of Wellington, Selected From His Writings and Speeches During a Public Life of More Than Half a Century

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