Reminiscences of a Canadian Pioneer for the last Fifty Years: An AutobiographyThompson, Samuel
History
Reminiscences of a Canadian Pioneer for the last Fifty Years: An Autobiography
Thompson, Samuel
Frontier and pioneer life -- Ontario; Thompson, Samuel, 1810-1886; Toronto (Ont.) -- Biography; Toronto (Ont.) -- History
He would be met, he supposed, with a stale objection that protection is
a tax imposed for the benefit of one class upon the rest of the
community. Never was any assertion more fallacious. Admitting that the
value of an article was enhanced by protection, which he (Mr. G.) did
not admit, the rest of the community were benefited a thousand fold by
that very protection; for instance, if a farmer paid a little more for
his coat, was he not doubly, quadruply compensated for his wool, to say
nothing of the market, also at his own door, for his potatoes, turnips,
cabbages, eggs, and milk. But he denied that increase of price
invariably followed a protective policy; that policy furnished the
manufacturer a market at home _for quantity and quantity only_, while
home competition, stimulated by a system securing a fair reward for
industrial pursuits, soon brought down the manufactured article as low
as it ought to be. He might be answered, your system will destroy our
foreign trade altogether. The fact was the very reverse; the saving made
by home consumption of food and raw produce on the soil where it was
grown, to the producer, enabled that producer to purchase a greater
quantity of articles brought from a distance, and made him a greater
consumer of those very articles than when the value of the produce of
his own farm was diminished by carriage to, and by charges in a distant
market. He had now in his possession statistical tables of the United
States, for successive periods, sufficient to convince the most
sceptical, that during the periods their manufacturers had been most
strongly protected, the average prices of such manufactures had been
less, while the amount of imported goods had exceeded that of similar
periods under low duties. Mr. Gowan had alluded to a case in which the
very sand of the opposite shore was turned into a source of wealth by a
glass manufactory, and also to the rocks of New Hampshire. He had also
visited the Eastern States, and was delighted with the industry, the
economy and intelligence of the people; but as to the country, he
believed it would be a hard matter to induce a Canadian to take up his
abode among its granite rocks and ice, yet those very rocks and that ice
were by that thrifty people converted into wealth, and formed no small
item in their resources.
Public-domain text, read in full here on John Shaqi.
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