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
stating, in his evidence in 1844-45, that he “considered the whole
system of Navigation Laws as relating more to the encouragement of
maritime commerce than to any other object, and that, therefore, many
sacrifices of pecuniary interests ought to be made for it,” adding, “I
have no doubt that private interests ought to be sacrificed for the
general interests of the country. If the Legislature should decide that
it was no longer necessary to keep up the Navigation Laws as a means
of national security, no doubt the consumers of foreign articles could
purchase at a cheaper rate, since this would be the natural consequence
of admitting imports in the ships of foreign nations.”
Fortified by these quotations from his opponent’s evidence, Mr. Ricardo
boldly came to the point by asserting it must be clear that, by every
ton of shipping driven from the ports of England, there was lost
the benefit of the sale of an equivalent amount of our merchandise,
and that, thereby, our workmen were deprived of their wages, our
manufacturers of their profit, and our Government of revenue. If the
Spaniards wanted earthenware, the French sugar, and we wine, “why on
earth,” he exclaimed, “should we forbid the natural course of the
transaction!” He pointed out the roundabout and expensive way whereby
such exchanges of produce must be carried,[41] instancing a case where
American hides brought from Marseilles to Rotterdam, not finding a
market there, were taken back to Marseilles; and when sent thence to
Liverpool, were seized as imported in a French bottom, and released
only on the condition that they should be sent back to New York! Such
interruptions of commerce, Mr. Ricardo rightly contended, were alike
inconvenient and wasteful. He next pointed out discrepancies in the
working of the Act, with the various Orders in Council made under it,
asserting, at the same time, that freights were artificially enhanced
by protection. He espoused, too, the cause of the colonists, who now
demanded as a matter of justice, that trade should be as free in
shipping as it was in sugar. Could, Mr. Ricardo demanded, any ground
of political expediency or any national advantage be shown to justify
the retention of these laws? He admitted that the authority of Adam
Smith would be adduced against him,[44] but denied that Adam Smith
had brought forward evidence to support his argument. He allowed that
a defensive navy was of the first importance for the welfare of the
country, and that the commercial marine was the nucleus and nursery of
that branch of the public service; but he emphatically contended that
the way to encourage the commercial navy was to free the commerce of
the country from all restrictions, impediments, and obstructions. He
held that England could compete successfully with the United States
and all the world in building ships, and he produced a variety of
statistical statements showing the difference between protected and
Public-domain text, read in full here on John Shaqi.
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