22 JANUARY 1870, Page 3

Sir Stafford Northcote made a very manly speech in Exeter

on l'hursclay to the Chamber of Commerce, in which he utterly rejected the nonsense talked by reciprocitarians. As to recipro- city, suppose you give a bale of English cloth for a hogshead of French wine. Well, the French Government taxes your cloth, so you don't get quite your full hogshead ; but will you get more if, when the wine comes, the British Government takes some of it for import duty ? That is very neatly put, and will, we should think, be intelligible even to Lord J. Manners, Lord Malwesbury, and the rest of the gentlemen who will have it that if you will only stick up brambles enough the sheep must bring you more wool.