Cannot you see that the want of a _light_ tax on corn (I do not
defend the Corn Laws as they existed, for they imposed an excessive
tax) has ruined agriculture, and you are preparing for yourself a
serious difficulty? In case of war with any combination of strong
maritime powers[96] wheat will rise to famine rates.
Don’t you see that if we transferred a small portion of the tax on
tea, sugar, coffee, &c., giving a preference to our dependencies
in the case of wheat, we should not only encourage our home,
but also our colonial, industries, which are trembling in the
balance between existence and nonexistence for want of some slight
fostering care.
You are like Nero fiddling while Rome was burning. You are fiddling
with your Free Trade, whilst England is going to ruin.
How can it be otherwise? Unlimited foreign competition must
necessarily end in disaster. Don’t you see that you are
handicapping your people in every way. They have higher wages than
other nations. You tax them more heavily, and you pass enactments
to prevent their working long hours. You thereby place them at a
disadvantage with people who are thrifty and industrious and are
not restricted in their hours of work. The same amount of money now
buys only half the labour it did forty years ago, this increases
the cost of production. Competition forces your manufacturers to
work only three or four days a week. This again increases it.
Increased leisure gives opportunities for intemperance. This again
has a deteriorating effect on produce. Your best hands emigrate to
prosperous countries not cursed with free trade,--another cause
of deterioration in quality of manufactures. The cheap freights,
almost nominal, place foreign productions in England at prices very
little beyond that at which they can be produced in their native
country.
Public-domain text, read in full here on John Shaqi.
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