Beacon Lights of History, Volume 12: American LeadersLord, John
History
Beacon Lights of History, Volume 12: American Leaders
Lord, John
History; United States -- Biography
I know that this is a controverted point. Everything _is_ controverted
in political economy. There is scarcely a question which is settled in
its whole range of subjects; and I know that many intellectual and
enlightened men are in favor of what they call free-trade, especially
professors in colleges. But there is no such thing as free-trade,
strictly, in any nation, or in the history of nations. No nation
legislates for universal humanity on philanthropic principles; it
legislates for itself. There is no country where there are not high
duties on some things, not even England. No nation can be governed on
abstract principles and in disregard of its necessities. When it was for
the interest of England to remove duties on corn, in order that
manufactures might be stimulated, they took off duties on corn, because
the laboring-classes in the mills had to be fed. Agricultural interests
gave way, for a time, to manufacturing interests, because the wealth of
the country was based on them rather than on lands, and because
landlords did not anticipate that bread-stuffs brought from this country
would interfere with the value of their rents. But England, with all
her proud and selfish boasts about free-trade, may yet have to take a
retrograde course, like France and Prussia, or her landed interests may
be imperilled. The English aristocracy, who rule the country, cannot
afford to have the value of their lands reduced one-half, for those
lands are so heavily mortgaged that such a reduction of value would ruin
them; nor will they like to be forced to raise vegetables rather than
wheat, and turn themselves into market-gardeners instead of great
proprietors. The landlords of Great Britain may yet demand protection
for themselves, and, as they control Parliament, they will look out for
themselves by enacting measures of protection, unless they are
intimidated by the people who demand cheap bread, or unless they submit
to revolution. It is eternal equity and wisdom that the weak should be
protected. There may be industries strong enough now to dispense with
protection; but unless they are assisted when they are feeble, they will
cease to exist at all. Take our shipping, for instance, with foreign
ports,--it is not merely crippled, it is almost annihilated. Is it
desirable to cut off that great arm of national strength? Shall we march
on to our destiny, blind and lame and halt? What will we do if England
and other countries shall find it necessary to protect themselves from
impoverishment, and reintroduce duties on bread-stuffs high enough to
make the culture of wheat profitable? Where then will our farmers find a
market for their superfluous corn, except to those engaged in industries
which we should crush by removing protection?
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