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
Such are the results, the legitimate results of a protective policy, but
the United States have not always followed that policy. The revolution
did not do away with their prejudices in favour of British goods; for a
long period after, nothing would go down but British cloths, cottons,
and hardware. Then came the war of 1812, which showed them that they
were but nominally independent while other nations supplied their
wants; the war forced them to manufacture for themselves. After that
war, excepting in some coarse goods, low _ad valorem_ duties were
imposed; the consequence was, a general prostration of the manufacturing
interests, followed by low prices in all agricultural staples. In 1824
recourse was again had to protection; national prosperity was soon
visible; but why should he further detail the experiments made by that
country? Suffice it to say, three times was the trial of free trade
made, and three times had they to retrace their steps and return to the
protective system, now so successfully in operation. England herself,
with above one hundred millions of unprotected subjects, now declares
the partially protected United States her best customer; in 1844 the
amount of her exports to that country was eight millions, a sum equal to
the whole of her exports to all her colonies. In 1846 the amount of
cotton goods imported into the United States was one-fifth of their
whole consumption, the amount of woollens likewise a fifth, and the
amount of iron imported one-eighth of the entire quantity consumed. What
proportion our importation of these articles in Canada bears to our
consumption he had not been able to ascertain; but his conviction was,
that if we adopted a similar commercial policy to that of the United
States, the time would come when we should only import one-fifth of our
cottons, one-fifth of our woollens, one-eighth of our iron; and when
that time did come, and not till then, might we hope to cast our eye
upon our republican neighbour without envying her greater prosperity.
[Footnote 18: Although no notice of the annexation movement in Montreal
was taken publicly at the meeting, it was well known that in the
discussions with closed doors, all violence, and all tendencies towards
disloyalty were utterly condemned and repudiated. The best possible
testimony on this point is contained in the following extract from the
Kingston correspondence of the _Globe_ newspaper, of July 31st, 1849,
the perusal of which now must, I think, rather astonish the well-known
writer himself, should he happen to cast his eye upon these pages:
Public-domain text, read in full here on John Shaqi.
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