History of merchant shipping and ancient commerce, Volume 3 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 3 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
Sir James Graham added, that, however valuable reciprocity might have
been, when Mr. Huskisson considered the question in the abstract, he,
Sir James, was not much attached to it now. It might have been wise
and politic at the time; but he could not help thinking that it made
the interest of others the measure of our interest, he had almost said
it made the folly of others the limit of our wisdom. With respect to
reciprocity and to retaliation, which is reciprocity in another shape,
as a general rule he would rather leave the Navigation Laws as they
were than adopt that principle. What is retaliation? he asked. It is
this: because some foreign nation does that which is more injurious
to herself than it is to ourselves, we, in the spirit of blind,
vindictive passion, proceed to do that which is more injurious to
ourselves than to our rivals. To reciprocity and to retaliation, as a
rule, Sir James was opposed; but he supported the Bill, on the whole,
because without having recourse to either the one or the other, and
considering the character of the people of this country, their capital,
their undaunted courage, and the advantages they possessed in the race
they had already run, he was satisfied that any measure throwing open
the trade of the world would greatly increase commerce, and that the
lion’s share of the addition would fall to our lot. Every reason, he
argued, existing, in the days of Mr. Huskisson, for the relaxation of
the system existed in a yet stronger degree at the present moment; and,
quoting the expression employed by Lord Stanley, _Vestigia nulla
retrorsum_,[119] as applicable to the recent Free-trade policy, he
concluded a highly elaborate speech by remarking that Protection or
no Protection was the question at issue; and, as the present measure
would crown the work they had already accomplished, he was opposed
to reaction, and favourable to progress tempered by prudence and
discretion. Upon these grounds he supported the third reading.
[Sidenote: Mr. T. Baring.]
Public-domain text, read in full here on John Shaqi.
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