Page:An Essay of the Impolicy of a Bounty on the Exportation of Grain (1804).djvu/9



ESSAY

ON

CHAP. I,

Of the History of the Corn Laws.

prove from experience the good effects of granting a bounty on the exportation of corn and of imposing a duty on importation, the advocates for that measure give us a chronological account of the corn trade, from the time of Edward the 3d. It will contribute to distinctness, if I make a division of this period. In the year 1688, a law was passed for the first time, granting a bounty on the exportation of corn, and imposing a duty on importation. This law continued in force till about the year 1770, when it was in a great measure repealed. And since the year 1770, the exportation of corn has scarcely been encouraged. We may therefore consider the history of the corn trade, as comprehending three great periods; 1st. That preceding the enactment of the exportation law in 1688; 2d. The period during