Mr McCulloch has told us, that the commerce and manufactures of
Great Britain have now risen to such a prodigious height, that any further
extension of them is undesirable, and that no real patriot would have
desired them to have become so extensive as they already are. Is it
desirable, in such a state of matters, to go on increasing the same
splendid but perilous system, and to do so at the expense of the great
pillar of national wealth, security, and independence--the land of the
state?
Further, the proposed system is pernicious even with reference to the
national wealth and interests of the manufacturers themselves, as tending
to undermine the main branches of our national resources, and substitute
encouragement to an inferior, to upholding of the superior market for our
manufacturing industry.
Although in the meetings where they address the agricultural
constituencies, the free traders hold out that their measures would
benefit the manufacturers, and _not injure the agriculturists_; yet
nothing can be clearer than that this is a mere shallow pretext, put forth
to conceal their real objects and the effect of their measures, and that
the result they _really_ anticipate is as different from that as the poles
are asunder. What is the benefit they hold out to the community as an
inducement to go into their measures? Cheap grain. What is the motive
which stimulates all their efforts, and which, among themselves and in
private conversation with all men of sense, they at once admit is their
ruling object? _Reduced wages_; the hope of extending our export in
foreign countries by taking an additional quantity of their rude produce;
and diminishing the cost of production to our manufacturers by lowering
the price of food, and with it the wages of labour. The whole strength of
their case rests in these propositions. Their influence over the urban
multitudes arises solely from the continual reiteration of these alluring
hopes. If these effects are not to follow free trade and the efforts of
the League, in the name of Heaven, what good are they to do, and why do
they agitate the country and subscribe to the League fund? Sensible men do
not throw away £100,000 for nothing, for no benefit to themselves or
others. But these prospects are as fallacious as they are alluring, and so
a very few observations will demonstrate.
Public-domain text, read in full here on John Shaqi.
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