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According to this the farmer did little more than pay rent, interest
on capital, and get a living. Yet prices of what he had to sell had
gone up greatly: wheat in Herefordshire in 1760 was 3s. a bushel, in
1805, 10s.; butcher's meat in 1760 was 1-1/2d. a lb., in 1804, 7d.;
fresh butter 4-1/2d. in 1760, 1s. 3d. in 1804; a fat goose in Hereford
market in 1740, 10d.; 1760, 1s.; 1804, 4s.; a couple of fowls in 1740,
6d.; 1760, 7d.; 1804, 2s. 4d.[548] The winter of 1813-4 was
extraordinarily severe, and the wheat crop was seriously injured, but
the increased breadth of cultivation, a large surplus, and great
importations kept the price down. Many sheep, however, were killed by
the hard winter, which also reduced the quality of the cattle, so that
meat was higher in 1814 than at any previous period.[549] At
Smithfield beef was 6s. to 7s. a stone, mutton 7s. to 8s. 6d. With the
peace of 1814 the fictitious prosperity came to an end, a large amount
of paper was withdrawn from circulation, which lowered the price of
all commodities, and a large number of country banks failed. The first
sufferers were the agricultural classes, who happened at that time to
hold larger supplies than usual, the value of which fell at once; the
incomes of all were diminished, and the capital of many
annihilated.[550] At the same time the demand for our manufactures
from abroad fell off; the towns were impoverished, and bought less
from the farmer.
The short period of war in 1815 had little effect on prices, and in
January, 1816, wheat was 52s. 6d., and the prices of live stock had
fallen considerably. In 1815 protection reached its highest limit, the
Act of that year prohibiting import of wheat when the price was under
80s. a quarter, and other grain in proportion.[551] However, it was of
no avail; and in the beginning of 1816 the complaints of agricultural
distress were so loud and deep that the Board of Agriculture issued
circular letters to every part of the kingdom, asking for information
on the state of agriculture.
According to the answers given, rent had already fallen on an average
25 per cent. and agriculture was in a 'deplorable state.'[552]
Bankruptcies, seizures, executions, imprisonments, were rife, many
farmers had become parish paupers. Rent was much in arrear, tithes and
poor rates unpaid, improvements generally
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