Statements Illustrative of the Policy And Probable Consequences of the Proposed
Statements Illustrative of the Policy And Probable Consequences of the Proposed
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The low prices of 1821 and 1822, and again of 1833, 1834, and 1835, were, no doubt, in part occasioned by the excess of the foreign entries for consumption in the pre- vious years.
But there are other considerations that must be attended to in forming a fair estimate of the operation of the exist- ing Corn Laws. Were our ports always open under a moderate duty, nothing would be gained by pouring in supplies at any particular moment; they would only be furnished when necessary, and would be limi...ted by the necessity ; and when prices were low, or falling, a large pi'oportion of the imports would be warehoused in anti- cipation of a future rise. But at present there is no room for consideration or combination ; everything must be done on the moment, and by fits and starts; we may not have brought a bushel of wheat from the Baltic for a year or two; but prices having risen in this country, and, the duty Laving fallen still more rapidly, we have now an instantaneous demand for all the corn that can be had !
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You can find similar books in the "Read Also" column, or choose other free books by J R John Ramsay Mcculloch to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The low prices of 1821 and 1822, and again of 1833, 1834, and 1835, were, no doubt, in part occasioned by the excess of the foreign entries for consumption in the pre- vious years.
But there are other considerations that must be attended to in forming a fair estimate of the operation of the exist- ing Corn Laws. Were our ports always open under a moderate duty, nothing would be gained by pouring in supplies at any particular moment; they would only be furnished when necessary, and would be limi...ted by the necessity ; and when prices were low, or falling, a large pi'oportion of the imports would be warehoused in anti- cipation of a future rise. But at present there is no room for consideration or combination ; everything must be done on the moment, and by fits and starts; we may not have brought a bushel of wheat from the Baltic for a year or two; but prices having risen in this country, and, the duty Laving fallen still more rapidly, we have now an instantaneous demand for all the corn that can be had !
What to read after Statements Illustrative of the Policy And Probable Consequences of the Proposed?
You can find similar books in the "Read Also" column, or choose other free books by J R John Ramsay Mcculloch to read onlineMoreLess
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