with increased vigilance; whilst, on the other hand, they are
availing themselves of our folly, by deluging our market with their
agricultural produce, securing by these means the double advantage
of promoting both branches of industry. Never was there a vainer
notion than the chimera that other states would abandon their rising
manufactures to reciprocate with Great Britain, when that haughty
power had deliberately deprived herself of the means of enforcing
reciprocity. _The countries from which we import the largest amount
of grain are not the countries which take the largest amount of our
manufactures._ Even if the case were otherwise, we maintain that we
should be heavy losers, and in no way gainers, by the transaction.
Nationally, this is so clear that we need not waste words by arguing
the point; but we go further and say that, even had other states
reciprocated, the manufacturers, as a body, could not have been
gainers by Free Trade, unless the relative proportions between the
amount of home and foreign consumption had been entirely changed.
For, so long as two-thirds of our whole manufactures are annually
consumed in Britain, the condition of the consumers there, and their
power of purchase, must be a matter of greater importance to the
manufacturer than that of consumers abroad. The interest of the
shopkeepers and of the artisans is almost entirely bound up with the
home trade; and nothing can be more suicidal to the traders than
to give any countenance to a system which strikes at the amount of
their profits, by crippling the means of their customers.
Public-domain text, read in full here on John Shaqi.
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