This, it will be seen, is an infinitesimally small portion of our whole
products. The manufacturer can export, though not to an extent
corresponding to his powers of production. Manufactures have been
cheapening year by year, in consequence of augmented foreign
competition, and that struggle is likely to go on for years as fiercely
as ever. To maintain the export trade in a competition which cannot end
otherwise than disastrously, we have been called upon to sacrifice
everything. This is the true secret of the lowered tariffs, of the
unnatural policy which we have pursued towards our colonies, of the
clamour for financial reform which has been so industriously raised.
Without speculating as to future operations, which probably will include
a direct attack upon the Monarchy and the National Debt, we shall simply
draw the attention of our readers to this fact, that, for the sake of
increasing the bulk of our exports by the annual value of three, four,
or ten millions, (which we have _not achieved_, our exports last year
being lower than those of 1845,) we have lowered the annual value of our
home productions by ninety-one millions! And the men who have done this
call themselves statesmen, and congratulate each other on the results of
their singular sagacity!
But, let the manufacturers do what they can, two-thirds of their
produce, in round numbers £120,000,000, must still be consumed at home.
The shopkeepers are the brokers of this amount of produce. And how is it
to be consumed, if the great agricultural interest is to be broken up?
No Free-trader alive can answer that question. We perfectly understand
the virulence of their organs, and their wrath and rage at the
unanswerable case which we have laid before the public in former papers;
but no rage or wrath will extricate the Free-traders from their dilemma.
They must now explain to the tradesmen and artisans the profitable
nature of their scheme. They may take credit, if they please, for
increased exportations to the amount of ten millions—let them debit
themselves _per contra_ with ninety-one millions of decrease in the
power of the home consumers to purchase, and then account to us for the
defalcation. We have a high authority behind whom we shall retire for
shelter, if again assailed. That redoubted political economist, Mr James
Wilson, must in common consistency put forth his ægis before us, and
defend, lion-like, his original proposition, “that _individuals_,
_communities_, or _countries_, can only be prosperous in proportion to
the prosperity of the whole.”
Public-domain text, read in full here on John Shaqi.
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