=Bounties and Free Trade.=--Much discussion is going on in England over the question of bounties and the propriety of putting a tariff on those imported articles which, owing to bounties or other form of government aid at their place of manufacture, can be sold "too cheaply." The following paragraphs are taken from an article in the London Spectator: "In our opinion there can be no question between the policy of free and open market and the policy of only allowing goods to be sold here 'at the natural price of the world's market.' We hold that the maintenance of an open and unhindered market is essential to our welfare; ... that is the real principle involved, and that is the ground on which this question of bounties must be fought out. It is not Cobdenism or free trade that is involved, but that which underlies them both--the great principle of the free and open market.... We attach such immense importance to the open market because we believe not only that our internal prosperity is essentially bound up with the right, not merely of consumers, but of producers, to buy as cheaply as they can and where and how they will, but that the empire itself rests upon the preservation of a free and open market. Mr. Morley never spoke a truer word than when he insisted that Cobden and Bright and the old free traders were empire builders. That they were so and that our empire could not possibly have grown up except with the help of free trade and a market always open must be clear to all whose eyes are not blinded by that evil and foolish spirit of commercial jealousy under which a man, in order to injure his neighbor, wounds himself. Free trade made our empire possible and created what the world before had never seen, overwhelming commercial power wielded without jealousy or narrowness and based on wide and liberal ideas. How long would our colonies have tolerated the connection with us had we been forever worrying them with tariffs and excluding this or that product because it was unnaturally cheap?... As it is, we bid all men welcome in our markets and none are aggrieved.... Foreign powers may hate us for our wealth and prosperity, but not one of them would care to spoil their best market. How would the commerce of France, or Germany, or Russia get on if England were ruined and the English market destroyed? The principle of maintaining a free and open market, coupled with our moral and physical energy, and our liberal aims and aspirations have given us a great and splendid empire. Are we to risk its destruction because the sugar refiners grumble, and because the words of Cobden on another subject may possibly be interpreted to show that he would not, were he alive, have voted against the imposition of countervailing duties?"