Great hopes were laid, some time ago, in Australia as a market for
British goods; but Australia will soon do what Canada already does.
She will manufacture. And the colonial exhibitions, by showing to
the “colonists” what they are able to do, and how they must do, are
only accelerating the day when each colony _farà da sè_ in her turn.
Canada and India already impose protective duties on British goods.
As to the much-spoken-of markets on the Congo, and Mr. Stanley’s
calculations and promises of a trade amounting to £26,000,000 a
year if the Lancashire people supply the Africans with loin-cloths,
such promises belong to the same category of fancies as the famous
nightcaps of the Chinese which were to enrich England after the first
Chinese war. The Chinese prefer their own home-made nightcaps; and as
to the Congo people, four countries at least are already competing
for supplying them with their poor dress: Britain, Germany, the
United States, and, last but not least, India.
There was a time when this country had almost the monopoly in the
cotton industries; but already in 1880 she possessed only 55 per
cent. of all the spindles at work in Europe, the United States and
India (40,000,000 out of 72,000,000), and a little more than one-half
of the looms (550,000 out of 972,000). In 1893 the proportion was
further reduced to 49 per cent. of the spindles (45,300,000 out of
91,340,000), and now the United Kingdom has only 41 per cent. of
all the spindles.[32] It was thus losing ground while the others
were winning. And the fact is quite natural: it might have been
foreseen. There is no reason why Britain should always be the great
cotton manufactory of the world, when raw cotton has to be imported
into this country as elsewhere. It was quite natural that France,
Germany, Italy, Russia, India, Japan, the United States, and even
Mexico and Brazil, should begin to spin their own yarns and to weave
their own cotton stuffs. But the appearance of the cotton industry in
a country, or, in fact, of any textile industry, unavoidably becomes
the starting-point for the growth of a series of other industries;
chemical and mechanical works, metallurgy and mining feel at once
the impetus given by a new want. The whole of the home industries,
as also technical education altogether, _must_ improve in order to
satisfy that want as soon as it has been felt.
Public-domain text, read in full here on John Shaqi.
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