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Views On The Currency - In Which The Connection Between Corn And Currency Is Shown (1828) (Hardcover)
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Views On The Currency - In Which The Connection Between Corn And Currency Is Shown (1828) (Hardcover)
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for free. This is an OCR edition with typos. Excerpt from book: our
surplus by a comparatively small reduction in price. There can be
no greater evil to a country than fluctuation in prices. A great
fall generally begins with throwing the manufacturing classes out
of employment, and ends in ruining the agriculturists. It sweeps
like a pestilence over the whole face of the country, and no
sound-minded man can contemplate, for a moment, the continuance of
any system of laws calculated to give rise to such effects. Having
the permanent welfare of the country for their object, the duty of
parliament under this view of the subject was therefore obvious,
namely, to do away the existing laws, and to bring the prices of
this country to a level with those of other countries as soon as
possible, or to bring them as nearly so, as the circumstances of
the country in other respects would permit, and this the committee
recommended. It suggested " to parliament, as a matter highly de- "
serving of their future consideration, whether a trade " in corn,
constantly open to all nations of the world, " and subject only to
such a fixed duty as might com- " pensate to the grower the loss of
that encouragement ' which he received during the late war, from
the ob- " stacles thrown in the way of free importation, is not "
as a permanent system preferable to that state of " law by which
the corn trade is now regulated." Report in Unison with Public
Opinion.?This report was drawn up by Mr Huskisson, but we believe
there never was a report, of which the views were less exclusively
those of the party who drew it. The opinions it expressed were the
views of the committee at large, and on this particular point
became at once the opinions of all intelligent men. Nor was it
necessary to assume with Mr Tooke, that the population in ordinary
years were adequately fe...
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