always in some degree balances cheapness.

5. Since sending the above to the press I have heard of the new
resolutions that are to be proposed. The machinery seems to be a
little complicated, but if it will work easily and well, they are
greatly preferable to those which were suggested last year.

To the free exportation asked, no rational objection can of course
be made, though its efficiency in the present state of things may be
doubted. With regard to the duties, if any be imposed, there must
always be a queston of degree. The principal objection which I see to
the present scale, is that with an average price of corn in the
actual state of the currency, there will be a pretty strong
competition of foreign grain; whereas with an average price on the
restoration of the currency, foreign competition will be absolutely
and entirely excluded.



[Transcriber's note: The sentence

It is alleged, first, that security is of still more importance than
wealth, and that a great country likely to excite the jealousy of
others, if it become dependent for the support of any
considerable portion of people upon foreign corn, exposes itself to
the risk of having its most essential supplies suddenly fail at the
time of its greatest need.

originally read: