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" "Whatever country squires may think, it is not safe to guarantee the continuance of the present Corn Laws.
Sir Robert Peel, 2nd Baronet (5 February 1788 – 2 July 1850) was a British Conservative statesman who served twice as Prime Minister of the United Kingdom (1834–1835 and 1841–1846) simultaneously serving as Chancellor of the Exchequer (1834-1835) and twice as Home Secretary (1822–1827 and 1828–1830). He is regarded as the father of modern English policing, owing to his founding of the Metropolitan Police Service. Peel was one of the founders of the modern Conservative Party.
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Each town and each country will command the amount of currency which it requires for its own purposes, undisturbed in the slightest degree by consulting its manifest interest, namely, by purchasing that which it wants in the cheapest market. [Derisive cheers.] Yes, by purchasing that which it wants in the cheapest market. You consider this a very low and unworthy principle; that it is a doctrine of the Manchester school; that it is a novel doctrine of some speculative political philosophers, and that it may be safely rejected. But this doctrine of purchasing in the cheapest market is not a doctrine of speculative philosophers only. It is not a doctrine introduced by modern economists. It is, no doubt, a doctrine sanctioned expressly and directly by the authority of Adam Smith. It is the doctrine of Say and of Hume. It is opposed to a doctrine which was fashioned some eighty or ninety years since, of which such writers as Montesquieu and Voltaire were the patrons; but Smith, and Say, and Hume, demonstrated the true principles which ought to regulate the commercial policy of a nation.
I believe as firmly as any of those who dissent from me with respect to the mode in which the object is to be attained, that it is a vital question for the country—that unless our domestic industry be encouraged, we cannot expect peace, contentment, or prosperity. ... It is a question which affects the happiness of the people, which affects their social progress, their progress in morals, in the enjoyment of life, in refinement of taste and civilisation of manners—it concerns these things at least as much as it concerns the accumulation of wealth.
In relinquishing power...I shall leave a name execrated by every monopolist who, from less honourable motives, clamours for protection because it conduces to his own individual benefit; but it may be that I shall leave a name sometimes remembered with expressions of good will in the abodes of those whose lot it is to labour, and to earn their daily bread by the sweat of their brow, when they shall recruit their exhausted strength with abundant and untaxed food, the sweeter because it is no longer leavened by a sense of injustice.