Great Britain -- History -- 19th century -- Sources
of British exports has increased above £10,000,000 during the period
which has elapsed since the relaxation of the duties on your part. I
say, therefore, to you that these hostile tariffs, so far from being
an objection to continuing your policy, are an argument in its favour.
But, depend upon it, your example will ultimately prevail.... I do
hope that the friends and lovers of peace between nations will derive
material strength from the example which I have advised, by remitting
the impediments to commercial intercourse. But observe, if that be the
effect, I think in all probability that the continuance of permanent
peace will expose us to more extensive and more formidable competition
with foreign countries with respect to manufactures. During war we
commanded the supply of nations. Peace has introduced not only new
consumers, but also formidable manufacturing interests. In order that
we may retain our pre-eminence it is of the greatest importance that
we neglect no opportunity of securing to ourselves those advantages by
which that pre-eminence can be alone secured. Sir, I firmly believe
that abundance and cheapness of provisions is one of the constituents
by which the continuance of manufacturing and commercial pre-eminence
may be maintained. You may say the object of these observations is
to flatter the love of gain, and administer merely to the desire of
accumulating money. I advise this measure on no such ground. I believe
that the accumulation of wealth, that is, the increase of capital, is a
main element, or at least one of the chief means by which we can retain
the eminence we have so long possessed. But I have attempted to show
that abundance of provisions, and security (which is the main thing)
for continued abundance, not only contributes to the accumulation
of wealth, but that it is directly conducive to the alleviation of
public burdens, by increasing the revenue; to the alleviation of local
burdens, by diminishing crimes; but, above all, that it is conducive
to the spread of morality, by diminishing those temptations to crime
which arise from distress and poverty.... I cannot appeal to any
ungenerous feeling—I cannot appeal to fear, or to anything which will
be calculated to exercise an undue sway over the reason of those to
whom these proposals are made. There may be agitation, but it is not
one which has reached the great mass of the labouring classes, there
being among them a total absence of all excitement. But this I do
say—there has been a great change in the opinions of the great mass
of the community with respect to the Corn Laws. There is between the
master manufacturers and the operative classes a common conviction that
did not prevail at 1842 or at a former period—that it will be for the
public advantage that these laws should be repealed; and while there is
that union of sentiment between them, there appears at the same time to
be a general contentment and loyalty, and a confidence in your justice
and impartiality.
Public-domain text, read in full here on John Shaqi.
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