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
Connected with this important subject of the free navigation of the
St. Lawrence west of Quebec, which the Americans were desirous of
procuring, a corresponding desire prevailed on the part of the Canadian
farmers to avail themselves of the American home market, whenever it
offered superior prices to those derived from exportation to Europe.
The price of wheat and flour in the Eastern States, required for
home consumption, was often much higher than the price in Canada for
exportation, and when this happened, it would obviously have been
greatly to the advantage of the Canadian agriculturist if he could
have exported his produce to the United States. This he was prevented
from doing by a protective duty of a quarter of a dollar per bushel
upon wheat. Efforts had been made in the United States to abolish this
duty; but the advocates of its abolition were constantly defeated by
the Protection cries of the American farmers, or by a difficulty as to
the “most favoured” nation-clause in treaties with Foreign Powers, the
more so, as a relaxation in favour of Canada was, naturally, capable of
extension to any or all nations with whom the United States had such
treaties subsisting. Here is a clear instance how commercial treaties,
even of a liberal character, become as much “entangling alliances” as
the political conventions of “amity and friendship” have so frequently
been. Indeed, the “favoured” nation-clause, however well intended and
beneficial in the highest degree in certain cases, has often been a
source of dispute to those States who either have accepted or enforced
it, and, even more so, to those countries which have been compelled
to adopt it. The interests of great nations vary so much at different
periods that inflexible rules in politics or commerce must frequently
operate very prejudicially, and cannot be maintained with entire
consistency for the true interests of the commonwealth.
[Sidenote: Negotiations proposed.]
It was thought that if the free navigation of the St. Lawrence were
offered to the American Government in return for the abolition of the
protecting duty, one measure to be co-existent with the other, Congress
would be inclined to abolish the protective duty; while the abolition,
being a matter of reciprocal arrangement, all difficulty arising from
the commercial relations of the United States with foreign countries
might thus be avoided.
[Sidenote: Canadians urge the abolition of Protection.]
Public-domain text, read in full here on John Shaqi.
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