Blackwood's Edinburgh Magazine, Volume 64, No. 397, November 1848Various
History
Blackwood's Edinburgh Magazine, Volume 64, No. 397, November 1848
Various
England -- Periodicals; Scotland -- Periodicals
Look at the effect of our present free-trade laws, not only upon
the revenue, but upon the internal industry of Britain. Is it not
clear and utterly beyond dispute, that our exports, for which we
have sacrificed every thing, are greatly on the decline, and that
our imports are steadily increasing? Not even the merest tyro in
political science,--not even the dullest dolt that clamoured at
the meetings of the League,--will venture to affirm that this is a
state of things which can continue without entailing ruin on the
country; and yet the Whigs, with that insensibility and sottishness
which is as much their characteristic as obstinacy, have announced
for next session their intention of pushing the experiment further!
For a year, we have had no budget, a circumstance entirely without
a parallel in parliamentary history. The excess of the national
expenditure above the revenue has been stated at the enormous sum
of a million and a half, though we believe that in reality three
millions would not cover the deficiency; and a considerable item even
of that revenue is to be cut off from us, when the act repealing
the corn law shall come into full operation. We cannot look for any
improvement in trade whilst we leave our markets open to the produce
of foreign labour, and allow the wealthy classes to be supplied
with almost all their articles of consumption from an unremunerating
source. We must again look to the customs as our main source of
revenue, and more than that, as our absolute salvation from the
anarchy which must ensue, if the hundred small non-exporting trades
of the country are to be sacrificed for the monopoly of the few, and
the millions engaged in these pursuits made beggars and driven to
desperation.
And what is the state of the monopoly? How have the manufacturers
gained? Let FOUR MILLIONS of diminished exports _on the half year_
only, and the suppression of the Manchester return of the number of
unemployed operatives in the very metropolis of the League, be the
reply. Yes--it has come to this pass, that the free-traders DARE
not publish to the world the results of their own madness. In the
month of June last, there were within a fraction of EIGHT THOUSAND
workmen without employment in Manchester alone, and the numbers were
increasing so fast, that it was deemed expedient to discontinue
the startling return. How can we be surprised that Chartism and
disaffection are rankling in men's minds, when we take such
deliberate pains to make them paupers?
Public-domain text, read in full here on John Shaqi.
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