February 5, 1839.
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Folly of carrying on war with a peace establishment.
This country is at war—at war in two quarters of the world—at war in America and at war in Asia; and what I say is this, that when a country is at war, I understand that the fleet of that country should be put upon a war establishment; whereas, these returns are made on a peace establishment—nay, I believe on one much lower,—on a reduced peace establishment; and yet we are pretending to carry on war in two countries of the world with such means! I warned your lordships a year and a half ago—indeed nearly two years ago, against any such attempt. I believe that we have been feeling the inconvenience of such an attempt from that period up to the present time, and I only hope and trust in God, that we shall not experience still further inconvenience and disasters from our perseverance in it. A peace establishment, and a reduced peace establishment, may be very fit and very proper for carrying on the service of the country in time of peace; but when we come to carry on war, our peace establishment is not found equal to the performance of the duties required from the establishment in time of peace, and still less to those extended duties which must be performed in time of war.
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We are carrying on a war in North America, and a most expensive war in Asia; and both of them require all the force this country can employ in order to bring them to an early and an honourable termination. We are, however, engaging in both with a reduced peace establishment, and we are incurring all descriptions of risks, in every other part of the world, in order to do this. The noble earl (Minto) has been talking about a few masts and sails, when the whole force which the country can command ought to be engaged in the war now waging, in order to bring the contest to the honourable termination I speak of. I said this about a year and a half ago, and I now repeat it.
March 7, 1839.
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The Corn Laws have improved Agriculture.
The system which it is the object of the existing law to establish, is one of encouragement to agriculture—a system which was established at the termination of the last century, and under which I will venture to assert, the agriculture of this country has made a progress, and has risen to a degree of superiority throughout these kingdoms, greater than exists in any other part of the world, not excepting even the Netherlands. Under this system of encouragement to agriculture, large sums of money have been laid out and invested in land, and property relating to land; and great sums are at this moment in the course of investment in the same way; and I call on your lordships not to agree to any resolution, or to any measure of the government (if they should think proper to propose any such measure), which will have the effect of withdrawing from agriculture this protection, and thus putting a stop to those great improvements which are at present in progress, and which, I say, have had such an influence on agriculture, that the amount of produce raised in this country is thereby greatly increased. I believe that the produce of the country has been immensely increased, and particularly in the valuable article of wheat, the annual production of which is now nearly equal to its greatest annual consumption. Such is the supply of wheat that the very lowest order of the people subsist mostly upon it; which is not, I believe, the practice in any other country. The practice is not known any where else; it is not known in France; it is not known in Germany; it is not known in the Netherlands; nor is it, in short, the case any where else. In fact, the lower orders live upon wheaten bread in no country of the world except England. I entreat your lordships to bear this in mind; I entreat you not to break down a system which has carried cultivation to such a pitch, that an amount of produce is raised in England, alone, which is found to be nearly equal to her greatest annual consumption. I think the annual amount of produce will increase. This is my firm belief; and I am confident that with the increase of produce there must come, and come naturally too, a corresponding decrease of price; and it is to that consequence that I look as being the solution of all the difficulties which at present attend this question. But, let your lordships recollect, it is absolutely necessary to keep up this encouragement in order to arrive at the desired result of the reduction of price. Very lately, when wheat in this country was at 78s. the quarter, and the duty on importation was a merely nominal one of 1s. a quarter, was there any such quantity of foreign wheat introduced as was sufficient to lower the price? Not at all. The moment the ports were opened, the merchant importer stood on the same ground as the farmer, and he would not sell his corn for 1s. less than the price of the day. Did we ever hear of corn coming in from abroad, and being brought to market at a cheaper 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.