England -- Social life and customs -- 19th century -- Fiction
“Why, look at this,” said Thornberry. “I had been driving a capital
trade with the States for nearly five years. I began with nothing, as
you know. I had paid off all my borrowed capital; my works were my own,
and this house is a freehold. A year ago I sent to my correspondent at
New York the largest consignment of goods I had ever made and the best,
and I cannot get the slightest return for them. My correspondent writes
to me that there is no end of corn and bread-stuffs which he could send,
if we could only receive them; but he knows very well he might as well
try and send them to the moon. The people here are starving and want
these bread-stuffs, and they are ready to pay for them by the products
of their labour--and your blessed laws prevent them!”
“But these laws did not prevent your carrying on a thriving trade with
America for five years, according to your own account,” said Endymion.
“I do not question what you say; I am asking only for information.”
“What you say is fairly said, and it has been said before,” replied
Thornberry; “but there is nothing in it. We had a trade, and a thriving
trade, with the States; though, to be sure, it was always fitful and
ought to have been ten times as much, even during those five years. But
the fact is, the state of affairs in America was then exceptional. They
were embarked in great public works in which every one was investing his
capital; shares and stocks abounded, and they paid us for our goods with
them.”
“Then it would rather seem that they have no capital now to spare to
purchase our goods?”
“Not so,” said Thornberry sharply, “as I have shown; but were it so,
it does not affect my principle. If there were free exchange, we should
find employment and compensation in other countries, even if the States
were logged, which I don’t believe thirty millions of people with
boundless territory ever can be.”
“But after all,” said Endymion, “America is as little in favour of free
exchange as we are. She may send us her bread-stuffs; but her laws will
not admit our goods, except on the payment of enormous duties.”
“Pish!” said Thornberry; “I do not care this for their enormous duties.
Let me have free imports, and I will soon settle their duties.”
“To fight hostile tariffs with free imports,” said Endymion; “is not
that fighting against odds?”
“Not a bit. This country has nothing to do but to consider its imports.
Foreigners will not give us their products for nothing; but as for their
tariffs, if we were wise men, and looked to our real interests, their
hostile tariffs, as you call them, would soon be falling down like an
old wall.”
“Well, I confess,” said Endymion, “I have for some time thought the
principle of free exchange was a sound one; but its application in a
country like this would be very difficult, and require, I should think,
great prudence and moderation.”
“By prudence and moderation you mean ignorance and timidity,” said
Thornberry scornfully.
Public-domain text, read in full here on John Shaqi.
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