Summary

Sir George Grant Suttie Letter to the Right Honourable Lord Viscount Melbourne on the Cause of the Higher Average Price of…

The real wages, therefore, the quantity of wheat the labourers could purchase, was double in Britain what it was in Prussia. In a national point of view, labour is the true standard of value; if it is admitted that labour in Britain exchanges for a greater quantity of grain than it does in Prussia, it follows that grain is cheaper in Britain.
I shall now advert to what may almost be termed a fourth cause for the higher average price of grain in Britain—the cultivation of poor land. This the abolitionists maintain to be the necessary and natural consequence of monopoly.
Source: Gutenberg

Sir George Grant Suttie Letter to the Right Honourable Lord Viscount Melbourne on the Cause of the Higher Average Price of…

Now, I believe it will be admitted, that at no period of the history of Britain has the average price of grain so far exceeded the price on the Continent as during the present century; and I think it will also be admitted, that at no period of the history of Britain, or of any other nation, has so rapid an increase taken place in the amount of the population, in the wealth, and, above all, in the amount of taxation actually levied from the people.
Source: Gutenberg

Sir George Grant Suttie Letter to the Right Honourable Lord Viscount Melbourne on the Cause of the Higher Average Price of…

If, therefore the manufacturers complain, with justice, that the higher rate of taxation, by raising wages, prevents them from competing with continental manufacturers, the same argument applies to the agriculturist, only with infinitely greater force, in proportion to the trifling assistance which machinery has as yet afforded to manual labour in the production of food. The whole population of Britain would not be able to do for the manufacturers in a year what the steam engine does for them in a day
Source: Gutenberg

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