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
"The bulk of the trade of Canada is outwards; and the
consequence is that outward freights are high, while our
imports of men and other valuable commodities keep them low
with us; and therefore it is that the cost of transporting
wheat and flour from our side of the line is so much lower than
from the other, that both now pass through New York on their
way to Liverpool. Hence it is that there has arisen so vehement
a desire for commercial reciprocity, and even for annexation.
The protective system has thus not only the effect of bringing
consumers to take their places by the side of the producer,
facilitating the consumption on the land of the products of
the land, and facilitating also the exportation of the surplus
to foreign markets by diminishing outward freights, but the
further one of producing among our neighbours a strong desire
for the establishment of the same perfect freedom of trade that
now exists among the several states, by becoming themselves a
part of the Union. Protection, therefore, tends to the increase
of commerce, and the establishment of Free Trade; while the
British system tends everywhere to the destruction of commerce,
and to the production of a necessity for restriction.
"We see, thus, that if we desire to secure the command of
that which is falsely termed 'the great grain-market of the
world,' it is to be effected by the adoption of such measures
as will secure valuable return freights. The most costly and
the most valuable of all are men; the least so are pig-iron
and coal. The more of the latter we import, the larger will be
our surplus of food, the higher will be the outward freight,
internal and external, the greater will be the waste, and the
poorer will be the farmer. The more of the former we import,
the smaller will be our surplus of food, the lower will be the
outward freights, and the more numerous will be the commodities
that can go to Europe, to be given in exchange for luxuries
that now we cannot purchase."
So much for the American views of reciprocity. Secured by her system
of tariffs, which she is now about to heighten, against the effects of
foreign competition, America is resolutely bent on availing herself
to the utmost of all the vast natural resources which she possesses,
and to render herself wholly independent of the conversion of foreign
countries. By following such a course she must, as her population
increases, grow in greatness and in might, as must every nation wherein
labour is estimated and cherished according to its proper value, and
the rights of the domestic producer and workman guarded with untiring
vigilance.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account