Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
MY LORD--My friend Mr. Ferguson showed me a few days ago a
letter in which your Lordship was so good as to say that you
wished to know my opinion concerning the consequence of
granting to the Irish that _free trade_ which they at
present demand so importunately. I shall not attempt to
express how much I feel myself flattered by your Lordship's
very honourable remembrance of me, but shall without further
preface endeavour to explain that opinion, such as it may
be, as distinctly as I can.
Till we see the heads of the bill which the Irish propose to
send over, it is impossible to know precisely what they mean
by a free trade.
It is possible they may mean by it no more than the freedom
of exporting all goods, whether of their own produce or
imported from abroad, to all countries (Great Britain and
the British settlements excepted) subject to no other duties
or restraints than such as their own Parliament may impose.
At present they can export glass, tho' of their own
manufacture, to no country whatever. Raw silk, a foreign
commodity, is under the same restraint. Wool they can export
only to Great Britain. Woollen manufactures they can export
only from certain ports in Ireland to certain ports in Great
Britain. A very slender interest of our own manufacturers is
the foundation of all these unjust and oppressive
restraints. The watchful jealousy of those gentlemen is
alarmed least the Irish, who have never been able to supply
compleatly even their own market with glass or woollen
manufactures, should be able to rival them in foreign
markets.
The Irish may mean by a _free trade_ to demand, besides, the
freedom of importing from wherever they can buy them
cheapest all such foreign goods as they have occasion for.
At present they can import glass, sugars of foreign
plantations, except those of Spain or Portugal, and certain
sorts of East India goods, from no country but Great
Britain. Tho' Ireland was relieved from these and from all
restraints of the same kind, the interest of Great Britain
could surely suffer very little. The Irish probably mean to
demand no more than this most just and reasonable freedom of
exportation and importation; in restraining which we seem to
me rather to have gratified the impertinence than to have
promoted any solid interest of our merchants and
manufacturers.
Public-domain text, read in full here on John Shaqi.
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