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opinions¡¡which¡¡we¡¡in¡¡another¡¡place¡¡have¡¡propounded¡¡and¡¡explained¡¡
that¡¡all¡¡individual¡¡branches¡¡of¡¡industry¡¡have¡¡the¡¡closest
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striking¡¡confirmation¡£
NOTES£º
1¡£¡¡Even¡¡a¡¡part¡¡of¡¡the¡¡production¡¡of¡¡wool¡¡in¡¡England¡¡is¡¡due¡¡to¡¡the
observance¡¡of¡¡this¡¡maxim¡£¡¡Edward¡¡IV¡¡imported¡¡under¡¡special
privileges¡¡3£»000¡¡head¡¡of¡¡sheep¡¡from¡¡Spain¡¡£¨where¡¡the¡¡export¡¡of
sheep¡¡was¡¡prohibited£©£»¡¡and¡¡distributed¡¡them¡¡among¡¡various¡¡parishes£»
with¡¡a¡¡command¡¡that¡¡for¡¡seven¡¡years¡¡none¡¡were¡¡to¡¡be¡¡slaughtered¡¡or
castrated¡£¡¡£¨Essai¡¡sur¡¡le¡¡Commerce¡¡d'Angleterre£»¡¡tome¡¡i¡£¡¡p¡£¡¡379¡££©¡¡As
soon¡¡as¡¡the¡¡object¡¡of¡¡these¡¡measures¡¡had¡¡been¡¡attained£»¡¡England
rewarded¡¡the¡¡Spanish¡¡Government¡¡for¡¡the¡¡special¡¡privileges¡¡granted
by¡¡the¡¡latter£»¡¡by¡¡prohibiting¡¡the¡¡import¡¡of¡¡Spanish¡¡wool¡£¡¡The
efficacy¡¡of¡¡this¡¡prohibition¡¡£¨however¡¡unjust¡¡it¡¡may¡¡be¡¡deemed£©¡¡can
as¡¡little¡¡be¡¡denied¡¡as¡¡that¡¡of¡¡the¡¡prohibitions¡¡of¡¡the¡¡import¡¡of
wool¡¡by¡¡Charles¡¡II¡¡£¨1672¡¡and¡¡1674£©¡£
2¡£¡¡France£»¡¡said¡¡Pitt£»¡¡has¡¡advantages¡¡above¡¡England¡¡in¡¡respect¡¡of
climate¡¡and¡¡other¡¡natural¡¡gifts£»¡¡and¡¡therefore¡¡excels¡¡England¡¡in
its¡¡raw¡¡produce£»¡¡on¡¡the¡¡other¡¡hand£»¡¡England¡¡has¡¡the¡¡advantage¡¡over
France¡¡in¡¡its¡¡artificial¡¡products¡£¡¡The¡¡wines£»¡¡brandies£»¡¡oils£»¡¡and
vinegars¡¡of¡¡France£»¡¡especially¡¡the¡¡first¡¡two£»¡¡articles¡¡of¡¡such
importance¡¡and¡¡of¡¡such¡¡value£»¡¡that¡¡the¡¡value¡¡of¡¡our¡¡natural
products¡¡cannot¡¡be¡¡in¡¡the¡¡least¡¡compared¡¡with¡¡them¡£¡¡But£»¡¡on¡¡the
other¡¡hand£»¡¡it¡¡is¡¡equally¡¡certain¡¡that¡¡England¡¡is¡¡the¡¡exclusive
producer¡¡of¡¡some¡¡kinds¡¡of¡¡manufactured¡¡goods£»¡¡and¡¡that¡¡in¡¡respect
of¡¡other¡¡kinds¡¡she¡¡possesses¡¡such¡¡advantages¡¡that¡¡she¡¡can¡¡defy
without¡¡doubt¡¡all¡¡the¡¡competition¡¡of¡¡France¡£¡¡This¡¡is¡¡a¡¡reciprocal
condition¡¡and¡¡a¡¡basis¡¡on¡¡which¡¡an¡¡advantageous¡¡commercial¡¡treaty
between¡¡both¡¡nations¡¡should¡¡be¡¡founded¡£¡¡As¡¡each¡¡of¡¡them¡¡has¡¡its
peculiar¡¡staple¡¡commodities£»¡¡and¡¡each¡¡possesses¡¡that¡¡which¡¡is
lacking¡¡to¡¡the¡¡other£»¡¡so¡¡both¡¡should¡¡deal¡¡with¡¡one¡¡another¡¡like¡¡two
great¡¡merchants¡¡who¡¡are¡¡engaged¡¡in¡¡different¡¡branches¡¡of¡¡trade£»¡¡and
by¡¡a¡¡reciprocal¡¡exchange¡¡of¡¡their¡¡goods¡¡can¡¡at¡¡once¡¡become¡¡useful
to¡¡one¡¡another¡£¡¡Let¡¡us¡¡further¡¡only¡¡call¡¡to¡¡mind¡¡on¡¡this¡¡point¡¡the
wealth¡¡of¡¡the¡¡county¡¡with¡¡which¡¡we¡¡stand¡¡in¡¡the¡¡position¡¡of
neighbours£»¡¡its¡¡great¡¡population£»¡¡its¡¡vicinity¡¡to¡¡us£»¡¡and¡¡the
consequent¡¡quick¡¡and¡¡regular¡¡exchange¡£¡¡Who¡¡could¡¡then¡¡hesitate¡¡a
moment¡¡to¡¡give¡¡his¡¡approval¡¡to¡¡the¡¡system¡¡of¡¡freedom£»¡¡and¡¡who¡¡would
not¡¡earnestly¡¡and¡¡impatiently¡¡wish¡¡for¡¡the¡¡utmost¡¡possible
expedition¡¡in¡¡establishing¡¡it£¿¡¡The¡¡possession¡¡of¡¡such¡¡an¡¡extensive
and¡¡certain¡¡market¡¡must¡¡give¡¡quite¡¡an¡¡extraordinary¡¡impulse¡¡to¡¡our
trade£»¡¡and¡¡the¡¡customs¡¡revenue¡¡which¡¡would¡¡then¡¡be¡¡diverted¡¡from
the¡¡hands¡¡of¡¡the¡¡smuggler¡¡into¡¡the¡¡State¡¡revenue¡¡would¡¡benefit¡¡our
finances£»¡¡and¡¡thus¡¡two¡¡main¡¡springs¡¡of¡¡British¡¡wealth¡¡and¡¡of
British¡¡power¡¡would¡¡be¡¡made¡¡more¡¡productive¡£
3¡£¡¡Since¡¡List¡¡wrote¡¡these¡¡lines£»¡¡the¡¡duties¡¡which¡¡foreign¡¡silk
manufacturers¡¡had¡¡to¡¡pay¡¡on¡¡the¡¡import¡¡of¡¡their¡¡goods¡¡into¡¡England
have¡¡been¡¡totally¡¡abolished¡£¡¡The¡¡results¡¡of¡¡their¡¡abolition¡¡may¡¡be
learned¡¡from¡¡Mr¡¡Wardle's¡¡report¡¡on¡¡the¡¡English¡¡silk¡¡trade£»¡¡as
follows£º¡¡London£»¡¡in¡¡1825£»¡¡contained¡¡24£»000¡¡looms¡¡and¡¡60£»000
operatives¡¡engaged¡¡in¡¡silk¡¡manufacture¡£¡¡At¡¡the¡¡present¡¡time¡¡these
have¡¡dwindled¡¡to¡¡1£»200¡¡looms¡¡and¡¡less¡¡then¡¡4£»000¡¡operatives¡£¡¡In
Coventry£»¡¡in¡¡1861£»¡¡the¡¡ribbon¡¡trade¡¡is¡¡stated¡¡to¡¡have¡¡given
subsistence¡¡to¡¡40£»600¡¡persons£»¡¡while¡¡at¡¡the¡¡present¡¡time¡¡probably
not¡¡more¡¡than¡¡10£»000¡¡persons¡¡are¡¡supported¡¡by¡¡it£»¡¡and¡¡the
power¡looms¡¡at¡¡work¡¡in¡¡Coventry¡¡have¡¡decreased¡¡from¡¡1£»800¡¡to¡¡600¡£
In¡¡Derby¡¡the¡¡number¡¡of¡¡operatives¡¡employed¡¡in¡¡silk¡¡manufacture¡¡has
decreased¡¡from¡¡6£»650¡¡£¨in¡¡1850£©¡¡to¡¡2£»400¡¡at¡¡present¡£¡¡In¡¡the
Congleton¡¡district¡¡they¡¡have¡¡decreased¡¡from¡¡5£»186¡¡£¨in¡¡1860£©¡¡to
1£»530¡¡£¨in¡¡1884£©£»¡¡while¡¡of¡¡the¡¡forty¡¡silk¡throwsters'¡¡works¡¡which
that¡¡district¡¡contained¡¡£¨in¡¡1859£©¡¡only¡¡twelve¡¡now¡¡remain£»¡¡with
'about¡¡three¡fourths¡¡of¡¡their¡¡machinery¡¡employed¡£'¡¡In¡¡Manchester
this¡¡trade¡¡has¡¡practically¡¡died¡¡out£»¡¡while¡¡at¡¡Middleton¡¡the
industry¡¡is¡¡'simply¡¡ruined¡£'¡¡These¡¡results¡¡£¨stated¡¡by¡¡Mr¡¡Wardle£©
may¡¡account¡¡for¡¡the¡¡decrease¡¡in¡¡England's¡¡imports¡¡of¡¡raw¡¡silk£»¡¡from
8£»000£»000¡¡pounds¡¡£¨in¡¡1871£©¡¡to¡¡less¡¡than¡¡3£»000£»000¡¡pounds¡£
¡¡¡¡¡¡¡¡On¡¡the¡¡other¡¡hand£»¡¡since¡¡List¡¡wrote£»¡¡the¡¡United¡¡States¡¡of
America¡¡have¡¡increased¡¡and¡¡steadily¡¡maintained¡¡a¡¡considerable
protective¡¡duty¡¡on¡¡the¡¡importation¡¡of¡¡foreign¡¡silk¡¡manufactures¡£
The¡¡results¡¡of¡¡that¡¡policy¡¡were¡¡publicly¡¡stated¡¡by¡¡Mr¡¡Robert¡¡P¡£
Porter¡¡£¨member¡¡of¡¡the¡¡United¡¡States'¡¡Tariff¡¡Commission£©£»¡¡in¡¡a
speech¡¡in¡¡1883£»¡¡to¡¡have¡¡been¡¡as¡¡follows£º
¡¡¡¡¡¡¡¡Five¡¡thousand¡¡persons¡¡were¡¡employed¡¡in¡¡silk¡¡manufacture¡¡in¡¡the
United¡¡States¡¡before¡¡the¡¡Morill¡¡tariff¡¡£¨1861£©¡£¡¡In¡¡1880¡¡their¡¡number
had¡¡increased¡¡to¡¡30£»000¡£¡¡The¡¡value¡¡of¡¡silk¡¡manufactures¡¡produced¡¡in
the¡¡States¡¡increased¡¡from¡¡1£»200£»000¡¡l¡£¡¡in¡¡1860¡¡to¡¡more¡¡than
8£»000£»000¡¡l¡£¡¡in¡¡1880¡£¡¡'Yet¡¡the¡¡cost¡¡of¡¡the¡¡manufactured¡¡goods¡¡to
the¡¡consumer£»¡¡estimated¡¡on¡¡a¡¡gold¡¡basis£»¡¡has¡¡steadily¡¡declined¡¡at
a¡¡much¡¡greater¡¡rate¡¡than¡¡the¡¡cost¡¡of¡¡the¡¡raw¡¡material¡£'¡¡After
reference¡¡to¡¡the¡¡earthenware¡¡and¡¡plate¡glass¡¡manufactures£»¡¡Mr
Porter¡¡adds£º¡¡'The¡¡testimony¡¡before¡¡the¡¡Tariff¡¡Commission¡¡showed
unquestionably¡¡that¡¡the¡¡competition¡¡in¡¡the¡¡United¡¡States¡¡had
resulted¡¡in¡¡a¡¡reduction¡¡in¡¡the¡¡cost¡¡to¡¡the¡¡American¡¡consumer¡£¡¡In
this¡¡way£»¡¡gentlemen£»¡¡I¡¡contend£»¡¡and¡¡am¡¡prepared¡¡to¡¡prove
statistically¡£¡¡that¡¡protection£»¡¡so¡¡far¡¡as¡¡the¡¡United¡¡States¡¡are
concerned£»¡¡has¡¡in¡¡every¡¡case¡¡ultimately¡¡benefited¡¡the¡¡consumer£»¡¡and
on¡¡this¡¡ground¡¡I¡¡defend¡¡it¡¡and¡¡believe¡¡in¡¡it¡£'¡¡¡¡TRANSLATOR¡£
4¡£¡¡Chaptal£»¡¡De¡¡l'Industrie¡¡Française¡¡vol¡£¡¡ii¡££»¡¡p¡£¡¡147¡£
Chapter¡¡34
The¡¡Insular¡¡Supremacy¡¡and¡¡the¡¡German¡¡Commercial¡¡Union
¡¡¡¡¡¡¡¡What¡¡a¡¡great¡¡nation¡¡is¡¡at¡¡the¡¡present¡¡day¡¡without¡¡a¡¡vigorous
commercial¡¡policy£»¡¡and¡¡what¡¡she¡¡may¡¡become¡¡by¡¡the¡¡adoption¡¡of¡¡a
vigorous¡¡commercial¡¡policy£»¡¡Germany¡¡has¡¡learnt¡¡for¡¡herself¡¡during
the¡¡last¡¡twenty¡¡years¡£¡¡Germany¡¡was¡¡that¡¡which¡¡Franklin¡¡once¡¡said¡¡of
the¡¡State¡¡of¡¡New¡¡Jersey£»¡¡'a¡¡cask¡¡which¡¡was¡¡tapped¡¡and¡¡drained¡¡by
its¡¡neighbours¡¡on¡¡every¡¡side¡£'¡¡England£»¡¡not¡¡conten