The two great parties into which the country was divided on the subject of our commercial relations with foreign states, maintained principles diametrically opposite on the effects to be anticipated from the adoption of their respective systems. The Free-Traders constantly alleged, that the great thing was to increase our _importations_; and that, provided this was done, government need not disquiet themselves about our _exportations_. Individuals, it was said, equally with nations, do not give their goods for nothing: if foreign produce of some sort comes in, British produce of some sort must go out. Both parties will gain by the exchange. The inhabitants of this country will devote their attention to those branches of industry in which we can undersell foreign nations, and they will devote their attention to those branches of industry in which they can undersell us. Neither party will waste their time, or their labour, upon vain attempts to raise produce for which nature has not given them the requisite facilities. Both will buy cheaper than they could have done if an artificial system of protection had forced the national industry into a channel which nature did not intend, and experience does not sanction. We may be fed by the world, but we will clothe the world. The abstraction of the precious metals is not to be dreaded under such a system, for how are the precious metals got but in exchange for manufactures? Their existence in this country presupposes the exit of a proportionate amount of the produce of British industry. Nobody gives dollars, any more than corn, for nothing. Our farmers must take to dairy and pasture cultivation to a greater extent than heretofore. A certain number of agricultural labourers, may, it is true, be thrown out of employment by the displacing of rural industry in making the transition from the one species of country labour to the other; but the evil will only be temporary, and they will speedily be absorbed in the vast extension of our manufacturing industry. High prices need never be feared under such a system: a bad season is never universal over the world at the same time; and free-trade will permanently let in the superfluity of those countries where food is abundant, to supply the deficiencies of those in which, from native sources, it is scanty.