Representative British Orations Volume 3 (of 4): With Introductions and Explanatory Notes
History
Representative British Orations Volume 3 (of 4): With Introductions and Explanatory Notes
Speeches, addresses, etc., English
It is most interesting to consider, however, what this pressure is.
There has been developed in the astonishing progressive power of the
United States—there has been developed a faculty of producing corn for
the subsistence of man, with a rapidity and to an extent unknown in
the experience of mankind. There is nothing like it in history. Do not
let us conceal, gentlemen, from ourselves the fact; I shall not stand
the worse with any of you who are farmers if I at once avow that this
greater and comparatively immense abundance of the prime article of
subsistence for mankind is a great blessing vouchsafed by Providence
to mankind. In part I believe that the cheapness has been increased by
special causes. The lands from which the great abundance of American
wheat comes are very thinly peopled as yet. They will become more
thickly peopled, and as they become more thickly peopled a larger
proportion of their produce will be wanted for home consumption and
less of it will come to you, and at a higher price. Again, if we are
rightly informed, the price of American wheat has been unnaturally
reduced by the extraordinary depression, in recent times, of trade
in America, and especially of the mineral trades, upon which many
railroads are dependent in America, and with which these railroads
are connected in America in a degree and manner that in this country
we know but little of. With a revival of trade in America it is to
be expected that the freights of corn will increase, and all other
freights, because the employment of the railroads will be a great deal
more abundant, and they will not be content to carry corn at nominal
rates. In some respects, therefore, you may expect a mitigation of the
pressure, but in other respects it is likely to continue.
Public-domain text, read in full here on John Shaqi.
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