The commercial world will...
The commercialworld will perceive, by ourjournal of this day, 'that we faithfully described the vices, and pro- phetically atiticipated ihe fate, of the proposed Chamber of Commerce. The scheme' is very preperly relinquished. It received moital wounds from various quarters, the readi- gst execution, probably, being inflicted by Lord LIVER- rooi's letters, of wbich we gave intimation yesterday. Its proaehed 'the- meeting yesterday, even in this rage for meeting and public speaking, being very thinly attended. It is new alniost useless to repeat the arguments used in favour of the institution. It was said that there were Cham- bers of Commerce at the outports, and therefore why not in the metropolis? Might not the outports argue iu the like manner-There is a Parliament assembled in London, why may not we have' a similar institution? 'With- out, however, defending the provincial Chambers of Comnmerce, we can see reasons why such may be esta- blished in the outports, which reasons do not apply to the metropolis. Foreign intelligence passes tArough the ports and to the capital: it explodes in the latter place. *But it may be useful to institute a bndy with power to col- lect the tenour of that intelligence in transit a, as soon as it reaches a port from. vhich vessels may be on the pointpf departure, and wvhich it would be injurious to detain. In Manchester also, or Sheffield,-if tbere are Chambers of Commerce in those and other inland towns,-it may he ob- served that tbe subjects on wlhich the Chamnbers will have to deliberate must be matters springing up out of the ma- nufacture of the place: but in London, which is the centre of all manufactures, each baving a separate interest, how can any single Chamber represent all their wishes, and satisfy all their desires ? Fcf.ext,mple, the introduction of foreign wool is iljurious to the native grower, and bene- ticial to the clothier; what would a single Chamber of Commerce make of such a ease as his.? But what sur- priscs us most is, that it should have been supposed that foreign Chambers of Commerce were esteemed by the natives beneficial to trade. They are the subjects of con- tinual execration. Their operation upon cornierce is by many reputed to be as injurious as the great revenue raisecl in lEigland is upon our mercantile transactions.