Our second reason for drawing your attention to the cheerless
prospect of manufactures, has reference to the sacrifices, not
only indirect but direct, which the other classes of the community
were called upon to make in order to prop them up. In the first
place, the Property and Income Tax, which we are still called upon
to pay, was imposed by Sir Robert Peel expressly for the object of
effecting "such an improvement in the _manufacturing interests_ as
will react on every other interest in the country." He admitted
that it was an unjust and partial impost, and therefore promised
that it should be only temporary--however, we have endured it for
ten years, and the Whigs will no doubt make an effort to continue
it still longer. Here, then, you have a sum of five millions and a
half annually confiscated for the benefit of the manufacturers, who
were relieved from taxation to that amount. So far for sacrifice the
first. Then came sacrifice the second, in the shape of Free Trade,
mulcting the productive classes of this country to the extent of at
least five-and-thirty per cent of their annual returns. Then came
sacrifice the third, which handed over the carrying trade to the
foreigner.
Now, considering that all these sacrifices have been made for the
encouragement of manufactures, or at least with that professed
object, is it not, to say the least of it, extraordinary that
they have not thriven? How are we to account for a result so
wholly contrary to the avowed anticipations of our statesmen? The
explanation is, after all, not very difficult. All these sacrifices
have been made, not for the great body of the manufacturers, but for
a mere section of them. We possess no authentic official information
as to the amount of manufactures consumed at home; but we have
records, more or less trustworthy, of the amount of our exports,
and these are used to mislead the minds of the multitude as to the
actual extent and relative importance of our trade. England has no
more title than France has to the character of the workshop of the
world. We are driven from the markets of civilised countries by the
protective duties imposed by their governments for the righteous and
prudent purpose of fostering native industry, and we are compelled
to seek our marts among people who are not yet so far advanced in
political economy as to detect the enormous discrepancy between our
principles and our practice. Listen to Mr Harvey's sketch of our
foreign trade:--
Public-domain text, read in full here on John Shaqi.
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