The Arena, Volume 4, No. 24, November, 1891 — John Shaqi
The Arena, Volume 4, No. 24, November, 1891Various
General
The Arena, Volume 4, No. 24, November, 1891
Various
American literature -- Periodicals
In the third place, the ardent tariff reformer at the present moment
always discourses upon his subject as if he had some perfectly new
truth to lay before the world from which it would be as impossible to
differ, unless one was illiterate or corrupt, as from the conclusion
of Galileo in regard to the movement of the earth. In one of our
recent political campaigns I quoted an argument of Hamilton's in favor
of protection from his famous Report of Manufactures. Thereupon one of
my opponents in a public speech, referring to this quotation, said it
would be as sensible to adopt Hamilton's views on the tariff as to go
back to stage coaches simply because those vehicles were the means of
conveyance in Hamilton's time. I could not help wondering what my
learned opponent would have thought if I had retorted that, by parity
of reasoning, we ought to reject the "Wealth of Nations" because Adam
Smith flourished a little earlier than Hamilton, and stage coaches
were used in his day also. The simple truth is that there is nothing
very new to-day in the question of free trade or protection. The
subject is one which has been under consideration for some time. It
has received great developments in the last hundred years, and is
still so far from the last word that it is safest not to be too
dogmatic about it.
In this matter of the tariff, then, we have before us a question which
is not new, which is not moral, but which deals simply with matters of
self-interest according to the dictates of an enlightened selfishness.
What is the condition of the question of free trade to-day in its
practical aspect? Fifty years ago, roughly speaking, the movement for
it in England became successful, and the English people abandoned a
protective tariff which they had maintained for some centuries and
adopted the free trade tariff which they have to-day. The latter
system has had a thorough trial in England under the most favorable
circumstances. If there is any country in the world which, by its
situation, its history and its condition, is adapted for free trade,
England is that country. If free trade, therefore, is the certain and
enormous benefit which its advocates assert, and if it is the only
true system for nations to adopt, its history in England ought to
prove the truth of these propositions. How near has free trade come to
performing all that its original promoters claimed in its behalf? How
brilliant has been its success in practise? One thing at least is
certain: it has not been such an overwhelming and glittering success
as to convince any other civilized nation of its merits. England
stands alone to-day, as she has stood for the last fifty years, the
one free trade nation in the world. Possibly England of all the
nations may be right and everybody else may be wrong, but there is, at
least, a division of opinion so respectable that we may assume, with
all due reverence for our free trade friends, that there are two sides
to this question as to many others.
Public-domain text, read in full here on John Shaqi.
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