Representative British Orations Volume 3 (of 4): With Introductions and Explanatory Notes
History
Representative British Orations Volume 3 (of 4): With Introductions and Explanatory Notes
Speeches, addresses, etc., English
the exports of British produce were thirty-nine and a half millions
sterling in value. The population at that time,—no, I won’t speak of
the exact figure of the population, because I have not got it for
the three kingdoms.[71] In the years 1826 to 1830,—that is, after a
medium period of eight-and-twenty years,—the average of our exports for
those five years, which had been thirty-nine and a half millions in
1800, was thirty-seven millions. It is fair to admit that in 1800 the
currency was somewhat less sound, and therefore I am quite willing to
admit that the thirty-seven millions probably meant as much in value
as the thirty-nine and a half millions; but substantially, gentlemen,
the trade of the country was stationary, practically stationary, under
protection. The condition of the people grew, if possible, rather worse
than better. The wealth of the country was nearly stationary. But now I
show you what protection produced; that it made no addition, it gave no
onward movement to the profits of those who are your customers. But on
these profits you depend; because, under all circumstances, gentlemen,
this I think, nobody will dispute,—a considerable portion of what the
Englishman or the Scotchman produces will, some way or other, find its
way down his throat.
What has been the case, gentlemen, since we cast off the superstition
of protection, since we discarded the imposture of protection? I will
tell you what happened between 1830, when there were no railways,
and 1842, when no change, no important change, had been made as to
protection, but when the railway system was in operation, hardly in
Scotland, but in England to a very great extent, to a very considerable
extent upon the main lines of communication. The exports which in 1830
had been somewhere about £37,000,000, between 1840 and 1842 showed
an average amount of £50,000,000. That seems due, gentlemen, to the
agency of railways; and I wish you to bear in mind the increasing
benefit now derived from that agency, in order that I may not claim
any undue credit for freedom of trade. From 1842, gentlemen, onward,
the successive stages of free trade began; in 1842, in 1845, in 1846,
in 1853, and again in 1860, the large measures were carried which have
completely reformed your customs tariff, and reduced it from a taxation
of twelve hundred articles to a taxation of, I think, less than twelve.
Now, under the system of protection, the export trade of the country,
the wealth and the power of the manufacturing and producing classes
to purchase your agricultural products, did not increase at all. In
the time when railways began to be in operation, but before free
trade, the exports of the country increased, as I have shown you, by
£13,000,000 in somewhere about thirteen years—that is to say, taking it
roughly, at the rate of £1,000,000 a year.
Public-domain text, read in full here on John Shaqi.
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