remedy practicable--and even that is so only for a short season--is
the _extension to the colonies of a direct share in the Imperial
Parliament_; but that is far too just and wise a measure to permit the
hope that it will ever be embraced by the class interest who now rule
the state.
[19] "At present the native consumption of cotton in India is estimated
at from 1,000,000,000 lb. to 3,000,000,000 lb. annually; while the
export to Great Britain is only 60,000,000 lb., and to all the world
only 150,000,000 lb. In this state of things, the rough production that
suits the home market will, of course, only be carried on; while, if
sufficient means of conveyance existed to render the cotton that is now
grown in the interior, at 1¼d. per lb., remunerative for export,
increased care in its preparation would be manifested, as was the
case in the United States, just in proportion to the increased reward
that would result. In developing these views, Mr Chapman undertakes
to demonstrate, by well-arranged facts and tables, that the export of
cotton from India to England has risen exactly as the difficulties or
expense of its transmission have been diminished; and also that costs
and impediments still remain which are sufficient to account for the
smallness of the quantity we continue to receive."--_Times_, Jan. 1851.
Notwithstanding all the obvious advantages of the course of policy
which we have recommended--though it would at once furnish the
means, as we have shown in a former paper, of obviating our external
dangers and maintaining our national independence, and at the same
time relieve our internal distresses and extend and consolidate our
colonial dependencies--we have scarcely any hope that it will be
adopted. The Free-traders have got such a hold of the burghs--to which
the Reform Bill gave a decided majority in the House of Commons--and
their leaders so perseveringly pursue their own _immediate_ interest,
without the slightest regard to the ruin they are bringing upon all
other interests of the state, that the hope of any change of policy--at
least till some terrible external disaster has opened the eyes of
the nation to a sense of the impending calamities brought on them by
their rulers--may be regarded as hopeless, without a general national
effort. The imposition of a moderate import duty upon the produce,
whether rude or manufactured, of all other nations, but with an entire
exemption to our own colonies, is obviously the first step in the right
direction, and would go far to alleviate our distresses, and at the
same time replenish the public Treasury and avert our external dangers.
In taking it, we should only be following the example of America,
Prussia, and nearly all other nations, who levy a duty of 30 per cent
on our manufactures, and thereby make us pay half of their taxes. But
it is to be feared the mania of Free Trade will prevail over a wise and
expedient policy, calculated equally to advance the interests of all
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account