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SECOND EDITION. I

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SECOND EDITION. I Welshman" Office, Friday Night, Nine O'clock. THE DIVISION ON THE SECOND READING OF SIR ROBERT PEEL'S CORN IMPORTATION I BILL. We liave received the following Intelligence from our Parliamentary Reporter:— MONSTER MONOPOLY MAJORITY—105. "HOUSE OF COMMONS. Sir Robert Peel having moved the second reading of the Corn Law Bill, Lord Ebringten, in a maiden speech, opposed the nieasore, arrd moved that the IhH be read a second time that day six months.; Lord Howick, in a masterly aud elaborate speech, condemned the principle of the Bill, while be ad- mitted that it would somewhat mitigate the evils of the law as it now is. The Act 0f IS2S, instead of steadying prices, lipd caused the most extreme fluctuations. The Corn Trade, like the various markets supplying the community, ought to be left to wNk its own enacts, and the demand would regulate supply and price. The "protection" of peculiar interests he contended was not within the duty or policy of Parliament: the only pro- tection that Parliament had to provide was, that every mafi should be able to secure the fruits of his honest industry. Mr. Charles Buller condemned the principles of the Bill, but said he should vote for it, with the understanding that when a better system could be obtained, he should do his best to upset the present. Mr. Sheil denounced the sliding-scale as abhor- rent to sound policy and common sense. Lord J. RUSSELL said that the Bill had only been supported by imputations on the late Govern- ment. It had been contended that, for a period of 140 years, the principle of protection to agricul- ture had been adopted by the Legislature of the -catintry; but the contrary was the fact; for during 134 years up to 1804, the duty on corn did not exceed an average of from eight shillings to .1¡ine shillings, and in many instances was merely nominal. He considered that if the fixed duty pro- posed by him were to be adopted it would, while it did not materially lower the price of grain, pro- duce an abuadance of employment for the people Jfthis country, and Would enable them to purchase tbe-food which they could not now obtain; and, iiotwithstandinjj the trumpery apprehensions of some narrow-minded men, would -increase the general prosperity of the country, and afford to future generations an example of iegislation wor- thy to be imitated. Sir R. PEEL disapproved of an 8s. fixed duty and defended his measure as one calculated to diminish the price of corn as contrasted with that of the Noble Lord. After Mr. Gladstone, Sir E. Knatchbull and others bad addressed the House, a cry of Divide" Divide" became predominant. The House ac- cordimrlv did divide when the numbers were :— For the second reading 281 For the amendment 179 Mftjorifcy for the second reading.. 105 The Bill was then ordered to he committed .lHI Friday, and the House adjourned at Two o'clock yesterday (Thursday) morning. On the motion made by Mr. Villiers on the 24th ult., the majority was 3R3, nearly four- fold that of yesterday mornintr. Altogether Sir Robert Peel has but slender grounds indeed for satisfaction.

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