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
The General Shipowners’ Society[31] attributed this prosperity to the
guano trade, which had recently arisen on the coast of Africa; but
other and _far_ more influential causes had been at work. The
treaties of reciprocity had, with all their imperfections, no doubt,
tended materially to increase our intercourse with foreign nations,
while the admission of their ships to our own ports, strange as it may
appear, had greatly increased the employment for our own. Though our
shipowners resolutely denied that these measures had anything whatever
to do with the increased prosperity, more enlightened men had arrived
at entirely different conclusions, and were convinced that the policy
of reciprocity, however unsatisfactory in many respects, was not
merely a step in the right direction, but was the best, and perhaps
then the only, mode of breaking down, bit by bit, the huge fabric of
protection, the growth of more than two centuries: indeed, it was clear
that the “Great Maritime Charter of England,” as the Act of Cromwell
had been somewhat ostentatiously denominated, could only be destroyed
by degrees. This vast tree, if it may be so described, had taken too
deep root in the soil of England to be overthrown at one blow; and the
Reciprocity Treaties undoubtedly served as wedges for its destruction.
In the meantime, Sir Robert Peel had made great changes in the Tariff.
Commencing with the coarser sorts of manufactures, he had relinquished
all duties on the importation of wool, linen, and cotton, and had
reduced the duties on the finer qualities of the same goods from twenty
to ten per cent., and on manufactured silks from thirty to fifteen per
cent., making equally important reductions in the duties imposed on
various other articles.
[Sidenote: New Class of Statesmen, well supported by the People
outside.]
But a new class of men had now arisen to extend the principles of
Free-trade, and to force home the wedges of unfettered commerce with
heavier blows than Canning, Huskisson, or even Peel, had ever done.
The people, led in this instance by men from among themselves, of
the industrial classes; and, guided by the voice of Wisdom, were now
trumpet-tongued proclaiming their rights and demanding justice, on
conditions which, however large, were yet so unanswerable, that, before
long, the proudest of our aristocracy and the most exalted of our
statesmen paid their homage to the “unadorned eloquence” resounding
throughout the land.
[Sidenote: Exertions of Lord John Russell,]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account