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allowed to operate in the same way as the duty at all times, except in extreme cases.
These regulations would be extremely simple and obvious in their operations, would give greater certainty to the foreign grower, afford a profitable tax to the government, and would be less affected even by the expected improvement of the currency, than high importation prices founded upon any past average[1].
THE END
C. WOOD, Printer,
Poppin's Court, Fleet Street.
- ↑ Since sending the above to the press I have heard of the new resolutions that are to be proposed. The machinery seems to be a little complicated; but if it will work easily and well, they are greatly preferable to those which were suggested last year.To the free exportation asked, no rational objection can of course be made, though its efficiency in the present state of things may be doubted. With regard to the duties, if any be imposed, there must always be a question of degree. The principal objection which I see to the present scale, is that with an average price of corn in the actual state of the currency, there will be a pretty strong competition of foreign grain; whereas with an average price on the restoration of the currency, foreign competition will be absolutely and entirely excluded.
