History of merchant shipping and ancient commerce, Volume 2 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 2 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
Thus, whenever a war with a maritime power supervened, the navigation
laws were relaxed in favour of some paramount interests, such as, in
the present case, that of the cotton-spinners, whose demands for raw
cotton required to be supplied. Even in a state of war every nation
must of necessity provide as far as possible for the supply and sale of
those raw materials of produce, the manipulation of which tends in a
great degree to employ the industry and promote the general prosperity
of large classes of the community. England had been thus compelled to
sacrifice, or evade by licences or otherwise, her Orders in Council,
although every statesman who could exercise a disinterested judgment
had a full conviction of their expediency under the circumstances in
which she was then placed. In like manner the United States, a few
years previously, had been compelled to sacrifice their system of
embargoes, which was a favourite policy of the actual dominant party
in America; and the Czar, in his incipient efforts, had been incited
to resist Napoleon’s dictation as to what merchant vessels he should
or should not admit into his ports, although this decision raised the
question of the existence of national independence.
[Sidenote: High duties on cotton.]
But with all these obvious principles patent to every legislator in
both Houses of Parliament, it is the fact that a duty of TWOPENCE per
_pound_ was levied on the importation of COTTON WOOL if imported in
British ships, and THREEPENCE per _pound_ if imported in _ships not
British built_. Such were the strange anomalies of protection and such
the difficulties which all similar legislative measures must ever
create in the necessary commercial intercourse between nations. England
has, however, now happily corrected all this fallacious legislation,
and consequently a population of wealth and national power has been
created in the very centre of the kingdom unsurpassed for intelligence
in any previously existing manufacturing community. The shipowners
of the kingdom, instead of stopping up and checking the fountain
of prosperity at its source, now suffer it to flow in its natural
channels, and they find that their own interests, instead of being
impaired by the change, have kept pace with the general prosperity
enjoyed by other classes.
[Sidenote: Great European Alliance.]
Public-domain text, read in full here on John Shaqi.
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