I cannot conclude this chapter concerning bounties without observing that the praises which have been bestowed upon the law which establishes the bounty upon the exportation of corn, and upon that system of regulations which is connected with it, are altogether unmerited.

A particular examination of the nature of the corn trade, and of the principal British laws which relate to it. will sufficiently demonstrate the truth of this assertion. The great importance of this subject must justify the length of the digression. The trade of the corn merchant is composed of four different branches, which, though they may sometimes be all carried on by the same person, are in their own nature four separate and distinct trades. These are, first, the trade of the inland dealer; secondly, that of the merchant importer for home