Blackwood's Edinburgh Magazine, Volume 69, No. 423, January 1851Various
History
Blackwood's Edinburgh Magazine, Volume 69, No. 423, January 1851
Various
England -- Periodicals; Scotland -- Periodicals
of woe, and want, and fearful deprivation, which are forced upon the
public ear. And yet few of them appear to have traced the evil to
its source, which lies simply in the legislative discouragement of
production, for the sake of a system of conversion which can offer no
means adequate to the wants and numbers of the competing population.
Our exports, when we deduct the value of the raw material, constitute
in reality an insignificant item in the account of our annual creation
of wealth. The greatness and prosperity of Britain never did, and never
will, depend upon the amount of her foreign trade, though that is now
regarded by our statistical quack-doctors as the sole criterion. What
we must depend upon is the home trade, and that can only be prosperous
by maintaining the value of production. For how else, save from
production, are the labouring population, or indeed any of us, high or
low, rich or poor, as we may call ourselves, to be maintained? All of
us derive our subsistence from the earth, and beyond what is reaped
or redeemed from its bosom we have nothing. If, for example, there is
no market for iron, the furnaces will be blown out, and the ores left
unworked; if there is no market for agricultural produce--that is, a
remunerative market--the fields will be left untilled. What, then,
becomes of the converters?--for whom do they work?--or how do they
acquire the wherewithal to purchase the food which the foreigner may
chance to send them? Let Ireland answer. That unhappy island is at
this moment paying the last penalties of Free Trade. It stands before
us as a beacon and warning of what we must expect, and cannot avoid,
if we continue to discourage production, in the insane hope of thereby
stimulating conversion; and perhaps we cannot do better than quote an
American opinion as to the cause of its wretchedness and ruin:--
Public-domain text, read in full here on John Shaqi.
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