THE LATEST FROM THE AMERICAN PRESS ON FREE TRADE--AUG. 24TH.

THE CORN-LAW CONTROVERSY.--A friend has placed in our hands numbers of

the tracts which the corn-law reformers of England circulate among the

people. They are about the size and length of the religious tracts of

this country, and are put up in an envelope, which is stamped with neat

and appropriate devices. These little publications comprise essays on

all the topics involved in the corn-law controversy, sometimes in the

form of dialogues, sometimes of tales, and sometimes of extracts from

famous books and speeches. The arguments are arranged so as to be easily

comprehended by the meanest capacities.

The friend to whom we are indebted for these is well informed on the

subject, and says that a more advanced state of opinion prevails among

the people of England, in relation to the operation of tariffs, than in

this nation generally so much more enlightened. It is a singular

spectacle which is thus presented to the eyes of the civilized world.

While the tendency of opinion, under an aristocratic monarchy, is

towards the loosening of the restraints under which the labour of the

people has long suffered, a large and powerful party in a nation, whose

theory of government is nearly a century in advance of the world, is

clamouring for their continuance and confirmation. Monarchical England

is struggling to break the chains that an unwise legislation has forged

for the limbs of its trade; but democratic America is urged to put on

the fetters which older but less liberal nations are throwing off. The

nations of Europe are seeking to extend their commercial relations, to

expand the sphere of their mutual intercourse, to rivet the market for

the various products of their soil and skill, while the "model republic"

of the new world is urged to stick to the silly and odious policy of a

semi-barbarous age.

We look upon the attempt which is making in Great Britain to procure a

revision of the tariff laws, as one of the most important political

movements of the age. It is a reform that contemplates benefits, whose

effects would not be confined to any single nation, or any period of

time. Should it be successful, it would be the beginning of a grand and

universal scheme of commercial emancipation. Let England--that nation so

extensive in her relations, and so powerful in her influences--let

England adopt a more liberal policy, and it would remove the only

obstacles now in the way of a complete freedom of industry throughout

the globe. It is the apparent unwillingness of nations to reciprocate

the advantages of mutual trade, that has kept back this desirable reform

so long. The standing argument of the friends of exclusiveness--their

defence under all assaults, their shelter in every emergency--has been

that one nation cannot pursue a free system until all others do, or, in

other words, that restriction is to be met by restriction. It is a

flimsy pretence, but such as it is, has answered the purposes of those

who have used it, for many centuries.

The practice of confining trade by the invisible, but potent chains of

law, has been a curse wherever it has prevailed. In England, more

dependent than other nations on the extent of its commercial

intercourse, it may be said to have operated as a scourge. The most

terrible inflictions of natural evil, storms, famine, and pestilence,

have not produced an equal amount of suffering. Indeed, it has combined

the characteristics of the worst of those evils. It has devastated, like

the storm, the busy hives of industry; it has exhausted, like famine,

the life and vital principle of trade; and, like the pestilence, it has

"walked in the darkness and wasted at noon-day." When we read of

thousands of miserable wretches, in all the cities and towns of a great

nation, huddled together like so many swine in a pen; in rags, squalor,

and want; without work, bread, or hope; dragging out from day to day, by

begging, or the petty artifices of theft, an existence which is

worthless and a burden; and when, at the same time, we see a system of

laws, that has carefully drawn a band of iron around every mode of human

exertion; which with lynx-eyed and omniscient vigilance, has dragged

every product of industry from its retreat to become the subject of a

tax, can we fail in ascribing the effect to its cause, or suppress the

utterance of our indignation at a policy so heartless and destructive?

Yet, this is the very policy that a certain class of politicians in this

country would have us imitate. Misled by the selfish and paltry

arguments of British statesmen, but unawed by the terrible experience of

the British people, they would fasten upon us a system whose only

recommendation, in its best form, is that it enriches a few, at the cost

of the lives and happiness of many. They would assist a constrictor in

wrapping his folds around us, until our industry shall be completely

crushed.

* * * * *

ST OLAVE'S CHURCH.--The rebuilding of this church in the early part of

the last century cost the parishioners a less sum than the organ. The

old church having fallen down, the new one (that recently destroyed by

fire) was erected by raising an annuity of 700_l_., and the granter died

after receiving the first half year's payment of 350_l_. The organ was

the most ancient instrument in the metropolis.

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