Blackwood's Edinburgh Magazine, Volume 67, Number 414, April, 1850Various
History
Blackwood's Edinburgh Magazine, Volume 67, Number 414, April, 1850
Various
England -- Periodicals; Scotland -- Periodicals
But, in truth, we deprecate, and that in the most earnest manner, all
these calculations of class loss or suffering, so far as they proceed
on the idea that it is possible for one class to suffer without every
other speedily doing the same. Such arguments and topics were never
heard of in Great Britain till the Reform Bill gave _one class_ in
society, viz. the urban shopkeepers, the command of the British Empire.
We acknowledge one only interest in the whole community, and that is
the interest of all classes; we acknowledge one only family--that is,
the whole British people. Their real interests are, and ever must be,
the same. It is impossible, in one community, that one great interest
can be suffering while others are thriving. Such a thing might happen
for a time, when the manufacturing interest was prosperous from a
sudden extension of the export sale in some considerable foreign
markets; but such a gleam of sunshine must be temporary only, if not
accompanied by a simultaneous growth in the great and, only durable
issue for goods--the home market. The whole manufactures exported at
present--one of the most prosperous years, so far as the export sale
goes--are about £60,000,000 a-year. The manufactures taken off by the
home market are estimated, by the most experienced authorities, at
£120,000,000. Of the £60,000,000 exported, about £16,000,000 goes to
our own Colonies, so that the home and colonial market takes off yearly
£136,000,000; all foreign markets put together, £44,000,000.
In other words, the home and colonial market is more than _three times
all foreign markets put together_. How is it possible after this to
deny that a serious and lasting blow, struck at the rural producing
interests in the British islands and the Colonies, must ere long
react, and that, too, with terrible effect, on the prosperity of our
manufacturers? Mr Villiers boasts that Free Trade has cut £91,000,000
off the remuneration of the British farmers. Is it not evident that,
assuming this to be true, the greater part of this sum is cut of the
funds which pay in the home market? and if so, how long will our
£120,000,000 consumed in the home market be in sinking to £80,000,000,
or some still lower figure? And will Manchester and Glasgow be much
benefited, if they gain £10,000,000 or £12,000,000 annually in the
foreign market, and lose £40,000,000 or £50,000,000 in the home?
Public-domain text, read in full here on John Shaqi.
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