But we feel no apprehension of such a result. There is now no democracy
to be fooled into a new excitement in favour of a Whig ministry, or to
be cheated by a cry of cheap bread, counteracted as it must be by the
contemplation of lower wages, and an increased competition in the
labour-market. The middle classes, again, and all who have any thing to
lose, are too wise to hazard the prosperity of the last four years, by
supporting the men to whose ejection from office that prosperity is
attributable.
We should, at the same time, act with a want of candour and frankness
towards our agricultural friends, if we did not direct their attention
to another aspect of the case. If it be true, contrary to our own hopes
and convictions, that repeal is inevitable, _every thing depends_ on the
TIME and MANNER of effecting it. There is a inestimable value attending
every year of continued protection that can yet be gained. Even a
comparatively short period might be of infinite importance in completing
those great improvements now in progress, which will raise the available
fertility of so large a portion of our soil, but which must instantly
stop, if protection be suddenly withdrawn. It is not in our power to see
far into futurity, but every delay is precious, as enabling us better to
meet the demands of public necessity, and to stand a competition with
foreign soils, if that competition must ultimately be entered upon
without legislative aid. How infinite, too, the difference of any change
produced WITH A PANIC, and WITHOUT ONE! There may be various
arrangements, moreover, which, if boldly and equitably made, might
possibly go to place our protection on a footing nearly as firm, and not
so likely to be assailed. On all this, however, we suspend our judgment
for the present, remarking merely that we are not prepared to quit our
present amount and plan of protection without DEMONSTRATION that we
cannot fairly or prudently retain it.
In the meantime let us hope and struggle for the best, for the
maintenance either of the present law, or of a scale substantially
equivalent. If that fails us, let us aim at the _next best_ arrangement;
and by a firm and temperate course, we need not at least despair of
averting that overwhelming confusion and wide destruction of property
that would inevitably follow from the nostrums of desperate and
designing men, devised and conducted with an equal absence of wisdom and
of honesty.
Public-domain text, read in full here on John Shaqi.
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