This statement furnishes ample ground for reflection. The truth is, that the whole scheme of free trade was erected and framed, not for the purpose of benefiting the manufacturers at the expense of the landed interest, but rather to get a monopoly of export for one or two of the leading manufactures of the empire. Those who were engaged in the cotton and woollen trade, along with some of the iron-masters, were at the head of the movement. No influx of foreign manufactured produce could by possibility swamp _them_ in the home market, for they are not exposed to that competition with which the smaller trades must struggle. The Germans will take shirtings, but they will not now take cutlery from us. The articles which they produce are certainly not so good as ours, but they are cheaper, and protected, and it is even worth their while to compete with us in the home markets of Britain. The same may be said of the trade in brass, gloves, shoes, hats, earthenware, porcelain, and fifty others. They are not now exporting trades, and at home, under the new tariffs, we are completely undersold by the foreigners. As for the glass trade, no one who is acquainted with the present state of that manufacture on the Continent, can expect that it will ever again recover. This, in reality, is the cause of the present depression; and until this is thoroughly understood by the tradesmen who are suffering, there can be no improvement for the better. What advantage, we ask, can it be to a man who finds his profits disappearing, his trade reduced to stagnation, and his capability of giving employment absolutely annihilated, to know that, in consequence of some sudden impulse, twenty million additional yards of calico have been exported from Great Britain? The glass-blower, the brazier, and the cutler, have not the remotest interest in calico. They may think, indeed, that part of the profit so secured may be indirectly advantageous in the purchase of their wares, but they find themselves lamentably mistaken. The astute calico-master sells his wares to the foreigner abroad, and he purchases with equal disinterestedness from the manufacturing foreigner at home. This is the whole tendency of free trade, and it is amazing to us that the juggle should find any supporters amongst the class who are its actual victims. If they look soberly and deliberately into the matter, they cannot fail to see that the adoption by the state of the maxim, to sell in the dearest and buy in the cheapest market, more especially when that market is the home one, and when cheapness has been superinduced by the introduction of foreign labour, must end in the consummation of their ruin. Can we really believe in the assertion of ministers, that manufactures are improving, when we find, on all hands, such pregnant assurances to the contrary? For example, there was a meeting held in St James's, so late as the 11th of January, "to consider the unprecedented number of