FREE BOOKS

Author's List




PREV.   NEXT  
|<   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   >>  
lies suddenly fail at the time of its greatest need. That such a risk is not very great will be readily allowed. It would be as much against the interest of those nations which raised the superabundant supply as against the one which wanted it, that the intercourse should at any time be interrupted; and a rich country, which could afford to pay high for its corn, would not be likely to starve, while there was any to be purchased in the market of the commercial world. At the same time it should be observed that we have latterly seen the most striking instances in all quarters, of governments acting from passion rather than interest. And though the recurrence of such a state of things is hardly to be expected, yet it must be allowed that if anything resembling it should take place in future, when, instead of very nearly growing our own consumption, we were indebted to foreign countries for the support of two millions of our people, the distresses which our manufacturers suffered in 1812 would be nothing compared with the wide-wasting calamity which would be then experienced. According to the returns made to Parliament in the course of the last session, the quantity of grain and flour exported in 1811 rather exceeded, than fell short of, what was imported; and in 1812, although the average price of wheat was one hundred and twenty five shillings the quarter, the balance of the importations of grain and flour was only about one hundred thousand quarters. From 1805, partly from the operation of the corn laws passed in 1804, but much more from the difficulty and expense of importing corn in the actual state of Europe and America, the price of grain had risen so high and had given such a stimulus to our agriculture, that with the powerful assistance of Ireland, we had been rapidly approaching to the growth of an independent supply. Though the danger therefore may not be great of depending for a considerable portion of our subsistence upon foreign countries, yet it must be acknowledged that nothing like an experiment has yet been made of the distresses that might be produced, during a widely extended war, by the united operation, of a great difficulty in finding a market for our manufactures, accompanied by the absolute necessity of supplying ourselves with a very large quantity of corn. 2dly. It may be said, that an excessive proportion of manufacturing population does not seem favourable to national quiet and happiness
PREV.   NEXT  
|<   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   >>  



Top keywords:

quarters

 

quantity

 

market

 

difficulty

 

operation

 

foreign

 

countries

 

hundred

 

distresses

 

interest


allowed
 

supply

 

America

 
actual
 

Europe

 

assistance

 

Ireland

 

rapidly

 
powerful
 

agriculture


importing

 

stimulus

 
greatest
 

balance

 

importations

 
quarter
 

shillings

 

twenty

 

thousand

 

approaching


passed
 

partly

 
expense
 
supplying
 

necessity

 

absolute

 

united

 

finding

 

manufactures

 

accompanied


excessive
 

favourable

 

national

 

happiness

 
proportion
 

manufacturing

 

population

 

suddenly

 

depending

 
considerable