Blackwood's Edinburgh Magazine, Volume 64, No. 393, July 1848Various
History
Blackwood's Edinburgh Magazine, Volume 64, No. 393, July 1848
Various
England -- Periodicals; Scotland -- Periodicals
Observe how one false step in policy by nations, like one deviation
from virtue in private life, leads by natural consequences to a
repetition of errors and crimes, till irreparable ruin ensues.
The agricultural interest at home was first attacked; and by the
cry of cheap bread, and the weight of class legislation, its
protection was taken away. The West India islands were the next
victims; because, if the farmer in England raises his wheat with
nothing but a nominal protection, it was plausible to say the West
India planter must raise his sugar on the same terms. The ruinous
competition to which this exposed the West India planters naturally
produced in them a desire to be liberated from any burdens to which
they were subjected for the benefit of the mother country; and in
this demand the Canadians, exposed to the competition of American
grain, for a similar reason concurred. Thus the cry for cheap
freights, originating in free-trade principles in England, came to
be responded to from the British colonies on the other side of the
Atlantic; and the Navigation Laws began to be repudiated by the
colonies--the very thing which formerly it was their most anxious
desire to uphold. The firm though unseen bond of mutual interest,
founded on protective principles, which has hitherto held together
the vast and widely separated dominions of the British empire, is
dissolved. Being deprived of the benefit of protection, they very
naturally wished to be relieved of its burdens. Such is the maze
of error and danger into which we have been led by the sophistry
of free trade; and such the way in which the greatest and best
consolidated empires are first loosened, and then destroyed, by the
delusions of those entrusted with their guidance.
The manner in which foreign shipping has encroached upon British,
since the reciprocity system began in 1823, is clearly proved by the
centesimal proportions of each, published by Mr Porter, from 1820 to
1844, both inclusive.
It will be seen from the following table, that, since 1820, the
centesimal proportion of British shipping employed in conducting our
trade has _declined_ from 78 to 72, while that of foreign nations
has _increased_ from 21 to 27. But this proportion, such as it is,
is solely upheld by our colonial trade, which, as already shown,
employs nearly 2,000,000 tons of our shipping. But for it, the
encroachment of foreign on British shipping would appear in such
alarming colours as to strike the most inconsiderate. It is the
rapid growth of our colonial trade under the protective system which
has alone concealed the ravages effected on it by free trade under
the reciprocity.
Centesimal Proportions of the British and Foreign Tonnage employed
in the Import Trade of the United Kingdom from 1820 to 1844.
Public-domain text, read in full here on John Shaqi.
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