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 report of this committee, the shipowners abandoned whatever designs some of them may have had to prolong the inquiry.

On the 14th February Mr. Labouchere, still President of the Board of Trade, moved a fresh resolution almost in the identical terms employed in the preceding year. He recapitulated at great length the arguments in favour of repeal which he had employed in the previous session. It will be unnecessary to dwell upon these here; but his new light with regard to the coasting trade deserves a place in tracing the progress of our mercantile marine: on this branch of the subject he seemed to tremble before the superior abilities of Mr. Gladstone; and the remarks of that gentleman intimating a strong desire to surrender the coasting trade, with a view to obtain in return that of the United States, evidently made considerable impression upon his mind, so that he scarcely knew what to grant or refuse. Mr. Gladstone asked, not merely that we should give colonial trade for colonial trade, but our coasting trade for theirs. It was asserted that the American trade, say from New York to California, was a foreign, or colonial, rather than a coasting traffic. But to argue that a voyage from London to Malta was to be held part of a colonial trade, while a voyage from California to New York was to be considered part of a coasting trade, was preposterous, and Mr. Labouchere affected to believe that the United States would not persist in a policy so contrary to the dictates of justice and common sense.