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restrictions; attained during the Empire to a higher degree of



prosperity than they had ever enjoyed under the preceding ancien



r間ime。 The same effects were noticeable in Germany and in all



countries over which the Continental blockade extended。



    Napoleon said in his trenchant style; that under the existing



circumstances of the world any State which adopted the principle of



free trade must come to the ground。 In these words he uttered more



political wisdom in reference to the commercial policy of France



than all contemporary political economists in all their writings。



We cannot but wonder at the sagacity with which this great genius;



without any previous study of the systems of political economy;



comprehended the nature and importance of manufacturing power。 Well



was it for him and for France that he had not studied these



systems。 'Formerly;' said Napoleon; 'there was but one description



of property; the possession of land; but a new property has now



risen up; namely; industry。' Napoleon saw; and in this way clearly



enunciated; what contemporary economists did not see; or did not



clearly enunciate; namely; that a nation which combines in itself



the power of manufactures with that of agriculture is an



immeasurably more perfect and more wealthy nation than a purely



agricultural one。 What Napoleon did to found and promote the



industrial education of France; to improve the country's credit; to



introduce and set going new inventions and improved processes; and



to perfect the means of internal communication in France; it is not



necessary to dwell upon in detail; for these things are still too



well remembered。 But what; perhaps; does call for special notice in



this connection; is the biassed and unfair judgment passed upon



this enlightened and powerful ruler by contemporary theorists。



    With the fall of Napoleon; English competition; which had been



till then restricted to a contraband trade; recovered its footing



on the continents of Europe and America。 Now for the first time the



English were heard to condemn protection and to eulogise Adam



Smith's doctrine of free trade; a doctrine which heretofore those



practical islanders considered as suited only to an ideal state of



Utopian perfection。 But an impartial; critical observer might



easily discern the entire aBsence of mere sentimental motives of



philanthropy in this conversion; for only when increased facilities



for the exportation of English goods to the continents of Europe



and America were in question were cosmopolitan arguments resorted



to; but so soon as the question turned upon the free importation of



corn; or whether foreign goods might be allowed to compete at all



with British manufactures in the English market; in that case quite



different principles were appealed to。(3*) Unhappily; it was said;



the long continuance in England of a policy contrary to natural



principles had created an artificial state of things; which could



not Be interfered with suddenly without incurring the risk of



dangerous and mischievous consequences。 It was not to be attempted



without the greatest caution and prudence。 It was England's



misfortune; not her fault。 All the more gratifying ought it to be



for the nations of the European and American continents; that their



happy lot and condition left them quite free to partake without



delay of the blessings of free trade。



    In France; although her ancient dynasty reascended the throne



under the protection of the banner of England; or at any rate by



the influence of English gold; the above arguments did not obtain



currency for very long。 England's free trade wrought such havoc



amongst the manufacturing industries which had prospered and grown



strong under the Continental blockade system; that a prohibitive



r間ime was speedily resorted to; under the protecting aegis of



which; according to Dupin's testimony;(4*) the producing power of



French manufactories was doubled between the years 1815 and 1827。







NOTES:







1。 'Eloge de Jean Baptiste Colbert; par Necker' (1773) (OEuvres



Completes; vol。 xv。)。







2。 See Quesnay's paper entitled; 'Physiocratie; ou du Gouvernement



le plus avantageux au Genre Humain (1768);' Note 5; 'sur la maxime



viii;' wherein Quesnay contradicts and condemns Colbert in two



brief pages; whereas Necker devoted a hundred pages to the



exposition of Colbert's system and of what he accomplished。 It is



hard to say whether we are to wonder most at the ignorance of



Quesnay on matters of industry; history; and finance; or at the



presumption with which he passes judgment upon such a man as



Colbert without adducing grounds for it。 Add to that; that this



ignorant dreamer was not even candid enough to mention the



expulsion of the Huguenots; nay; that he was not ashamed to allege;



contrary to all truth; that Colbert had restricted the trade in



corn between province and province by vexatious police ordinances。







3。 A highly accomplished American orator; Mr Baldwin; Chief Justice



of the United States; when referring to the Canning…Huskisson



system of free trade; shrewdly remarked; that; like most English



productions; it had been manufactured not so much for home



consumption as for exportation。



    Shall we laugh most or weep when we call to mind the rapture of



enthusiasm with which the Liberals in France and Germany; more



particularly the cosmopolitan theorists of the philanthropic



school; and notably Mons。 J。 B。 Say; hailed the announcement of the



Canning…Huskisson system? So great was their jubilation; that one



might have thought the millennium had come。 But let us see what Mr



Canning's own biographer says about this minister's views on the



subject of free trade。



    'Mr Canning was perfectly convinced of the truth of the



abstract principle; that commerce is sure to flourish most when



wholly unfettered; but since such had not been the opinion either



of our ancestors or of surrounding nations; and since in



consequence restraints had been imposed upon all commercial



transactions; a state of things had grown up to which the unguarded



application of the abstract principle; however true it was in



theory; might have been somewhat mischievous in practice。' (The



Political Life of Mr Canning; by Stapleton; p。 3。) In the year



1828; these same tactics of the English had again assumed a



prominence so marked that Mr Hume; the Liberal member of



Parliament; felt no hesitation in stigmatising them in the House as



the strangling of Continental industries。







4。 Forces productives de la France。







Chapter 7







The Germans







    In the chapter on the Hanseatic League we saw how; next in



order to Italy; Germany had flourished; through extensive commerce;



long before the other European states。 We have now to continue the



industrial history of that nation; after first taking a rapid



survey of its earliest industrial circumstances and their



development。



    In ancient Germania; the greater part of the land was devoted



to pasturage and parks for game。 The insignificant and primitive



agriculture was abandoned to serfs and to women。 The sole



occupation of the freemen was warfare and the chase; and that is



the origin of all the German nobility。



    The German nobles firmly adhered to this system throughout the



Middle Ages; oppressing agriculturists and opposing manufacturing



industry; while quite blind to the benefits which must accrued to



them; as the lords of the soil; from the prosperity of both。



    

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