The Grounds And Danger of Restrictions On the Corn Trade Considered Together Wi

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The Grounds And Danger of Restrictions On the Corn Trade Considered Together Wi
William Barre
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The quarter, ) as may be inferred fiom the limit prescribed for importation by the late Act: [ 53 ] it would have been attended with so great a drain of the precious metals, that what would have been left of them would not have exceeded the propor- tion which would naturally float in this country beyond what might have arisen by means of the previous corn laws. The depression of the ex- change would more nearly, then, have equalled the depreciation of the currency, and have been a fairer criter...ion of its excess. A check would thus have soon been given to the importation of foreign corn, and the bullion price of this as well as of all other commodities would more nearly have approached the natural level : an event highly advantageous to the manufacturing, and, as it may be shewn, if it has not already been, to the agricultural interests also of the country.
What, indeed, can be clearer than that a demand for our home manufactured goods is infinitely more beneficial to our manufacturers, than that for the surplus of the precious metals ?


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