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From JANUARY TO JUNE, 1823.
(BEING THE SIXTEENTH OF A NEW SERIES.)
PART THE FIRST.
PRODESSE & DELECTARE,
E PLURIBUS UNUM.
By SYLVANUS URBAN, GENT.
PRINTED BY JOHN NICHOLS AND SON, 25, PARLIAMENT-STREET;
WHERE LETTERS ARE PARTICULARLY REQUESTED TO BE SEXT, POST-PAID; AND SOLD BY JOHN HARRIS AND SON (SUCCESSORS TO MRS. NEWBERY), AT THE CORNER OF ST. PAUL'S CHURCH YARD, LUDGATE STREET ;
AND BY PERTHES AND BESSER, HAMBURGH.
(OXFORD PRIZE-SUBJECT FOR 1823*.)
NO gorgeous dome, whose summits proudly shroud
No longer vibrate to the Zephyr's sigh
What, tho' no rescued records guard the fame,
Vain dreams! those aged Trilithons reveal
Such were thine altars, Albion! stain'd with gore,
* See Mr. Salmon's Poem, which gained the Prize, in p. 549.
IN the Preface to our last Volume we had occasion to express our satisfaction that our great National resources were not only entire, and in every respect unimpaired, but that all of them were existing in a condition which promised effectual relief to the difficulties of Trade and Agriculture. During the last six months the progress of all these sources of our National wealth has very greatly exceeded our expectation. The four great channels of our riches are our AGRICULTURE, our MANUFACTURES, our COMMERCE, and that INTERNAL TRADE, which, like one of our general canals, receiving the contributions of all the branches, circulates and conveys them through every division of the community, thus affording to the vast majority of society the wages of labour, and to the more opulent classes, enlarged means of consuming and enjoying the produce.
To commence, then, with our AGRICULTURE. In January last, the average price of wheat, as given in the Gazette, was thirty-nine shillings. On Saturday, June 22, the average price of wheat, by the official document, was sixty-two shillings. Here, therefore, in one article, is a rise of thirty-five per cent. Such are the present prospects of Agriculture, that Sir Thomas Lethbridge withdrew his motion for an inquiry into the causes of Agricultural distress, and expressed his satisfaction at the present condition of the Landlord and Farmer.-Within the same period, there has occurred a like favourable progress in the great MoneY MARKET. In February the price of three per cent. stock was seventy-two pounds. The price of the same stock was, on June 30, a considerable fraction above eighty.-- In MANUFACTUREs, another division of our National resources, there is the same ground of congratulation; though our limits will not permit us to go through the detail of the accounts, and more particularly to follow the official report of our colonial and minor exports. Under the head of Com. MERCE, the main subject for observation is, that the amount of our tonnage very nearly corresponds with the highest amount during the war ; or, in other words, that its diminution, in consequence of the resumption of trade by the Continental Nations, answers in no degree to the general apprehension, which, not only our merchants, but almost every one who has reflected upon this subject, very reasonably entertained. Our Liverpool Correspondent informs us, as a proof of the increasing prosperity of that “ Western Capital,” that the amount of last year's Dock Rates, audited to the 25th of June, “had exceeded that of any preceding one, the tonnage of vessels having produced 61,4221. 125. 4d.; and the dues on Merchandise 62,945l. 16s. ld., forming a total of 124,3681. 8s. 5d. In 1818-19, which was the previous most productive year, the amount was in round rumbers 118,0001. and in 1821–22, 110,oool." -Our INTERIOR TRADE is equally gratifying to every patriotic feeling. One of the greatest criterions of the prosperity of this branch of our general dealing is the astonishing and unforeseen facility with which cash payments have been resumed, and the
prosperous and secure condition of almost all our Banks in town and country. Another criterion is in the vast increase of vessels employed in the coasting trade. A third proof is in the prosperity of our Canals, and the high prices of their shares. A fourth is, in the activity of building. A fifth is, in the full employment of all labouring hands in Manchester, Sheffield, Leeds, Birmingham, &c.