Page:History of merchant shipping and ancient commerce (Volume 3).djvu/17

 CHAPTER IX.

The debate, March 1849—Speech of Mr. Herries—Mr. J. Wilson—Question of reciprocity—Doubtful even in the case of shipping—Difficulty of the "Favoured-nation" clause—Marquess of Granby—Mr. Cardwell—Mr. Henley—Mr. Gladstone—Burdens to be removed from Shipowners—Conditional legislation recommended—Views on the subject of the coasting trade—Americans not Free-traders—Smuggling in the coasting trade—Mr. Robinson—Mr. Clay—Mr. T. A. Mitchell—Mr. Hildyard—Mr. Ricardo—Mr. H. Drummond—Mr. Labouchere's reply—Majority of 56 for Bill—Committee on the Bill—Coasting clauses withdrawn—Mr. Bouverie's amendment opposed by Shipowners' Committee—Mr. Gladstone's scheme also opposed by the Shipowners—Questions of reciprocity, conditional legislation, and retaliation—Details of American Law—Mr. Bouverie's plan rejected—Mr. Disraeli's speech—Third reading of Bill—Mr. Herries' speech—Mr. Robinson—Mr. Walpole—Sir James Graham—Mr. T. Baring—Lord J. Russell—Mr. Disraeli—Majority for Bill, 61     230-263

CHAPTER X.

Debate in the Lords, May 7, 1849, on second reading—Speech of the Marquess of Lansdowne—Lord Brougham—Condemnation of Mr. Porter's statistics—Protected and unprotected Trade—Voyages to the Continent—Napoleon's desire for ships, colonies, and commerce—Earl Granville—Earl of Ellenborough—Increase of foreign peace establishments—Earl of Harrowby—Earl Grey—Lord Stanley—Admits need of modifications—Canada not our only colony—Majority for the Bill, 10—Duke of Wellington votes for it—Proceedings and debate in Committee—Lord Stanley's amendment—Rejected by 13—Earl of Ellenborough's amendment—Claims of Shipowners, and fear of competition—Amendment rejected by a majority of 12—Bill read a third time—Timber duties, &c., admitted to be grievances—Lord Stanley's protest—Royal assent given, June 26—Coasting trade thrown open, 1854—Americans, October 1849, throw open all, except their coasting trade     264-286

CHAPTER XI.

Despondency of many shipowners after the repeal of the Navigation Laws—Advantage naturally taken by foreigners, and especially by the Americans—Jardine and Co. build vessels to compete with the