His tariffs and Free-trade measures exhibit
precisely the same tendency. They are all constructed with a view
to cheapness, or, what is the same thing, to the diminution of the
value of labour, so that the fortune of the capitalist or fundholder
is now virtually doubled: while the industrious classes, with a
lowered rate of wage, are compelled to undergo the additional evil
of unrestricted foreign competition.
Let us now, for a brief space, proceed to consider the internal
adjustment of the strength and industry of Britain. It is a
subject well worthy of study, especially at the present moment,
when a general feeling of perplexity prevails, and when those who
unfortunately gave ear to the specious representations of the
Free-traders are convinced of their error, but are yet in doubt
whether it be possible to retrace our steps. It is a subject,
moreover, upon which we are bound to enter, seeing that official
cunning has been used to conceal the real posture of affairs in this
country, and, by undervaluing the magnitude of some interests, to
give a factitious and altogether imaginary importance to others.
We trust that we shall be able to show, to the satisfaction of
our readers, the gross extent to which this kind of delusion and
imposture has been carried.
Upon no subject whatever are more erroneous impressions entertained,
than upon the relative importance and strength of the two great
classes of the country. Of late it has been quietly assumed that
the manufacturers are infinitely superior to the agriculturists,
not only in point of numbers, but in respect of capital employed or
available; and many people have been puzzled to understand why, if
this should be the case, such vehement opposition should be made to
any proposal for readjusting the direct and local taxation, which
confessedly weighs most heavily upon the proprietors and occupiers
of the land. We have been told, in as many words, that henceforward
the voice of the towns is to dictate the policy of Britain--that the
agriculturists are a worn-out class, scarce worth preserving--and
the most influential of the Free-trade journals has not hesitated to
recommend a wholesale emigration to the Antipodes, or any portion of
the surface of the globe where corn can be cultivated cheaper than
in England. We have been not only taunted, but threatened, whenever
we presumed to expostulate. Reference was made to certain "masses,"
who were ready to rise in defence of perennial cheapness; and Mr
Cobden has warned us not to provoke the exercise of that power
which is vested in himself, as dictator of the democracy. In short,
we have been given to understand that, if protection to native
industry, in any shape, should be re-introduced--which only can be
done by the will and legitimate sanction of Parliament--physical
force shall not be wanting on the other side.
Public-domain text, read in full here on John Shaqi.
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