On the contrary, unless our prosperity is to still further
decline, it becomes a matter of vital necessity that in those
manufactures in which England can still keep the lead, she shall
have the same privileges as she ungrudgingly gives to others; or
that we should be protected in our markets from those who refuse us
admission to theirs.
You go on to say “to suppose your case will be improved by refusing
to buy what you want from foreigners, to punish them for not buying
freely from you, is an idea and scheme only worthy of the inmates
of a lunatic asylum.” But, if you seriously believe this statement,
you must believe also that the astute, far-seeing citizen of the
United States,--the plodding, theorizing German,--the thrifty and
ingenious Frenchman,--and the hard-headed, practical Russian,--the
intelligent Italian,--and even the hard-working Swede and
Norwegian, are all lunatics. Are you prepared, seriously, to assert
this as your belief? The fact is, you adopt an ingenious way of
misstating a principle. No one thinks of refusing to buy from the
foreigner when it is to our interest to do so. In our commercial
relations one with another, it is usual for every man to buy from
one who will probably become a return purchaser, or to put it in
plainer language, each man supports the person who will be most
likely to support him in return. But in buying from the foreigner,
we are buying from the man who will never buy from us if he can
possibly help it, and leaving those who would be our customers in
return to starve.
Again, you say, that “to return to Protection under the name of
Reciprocity, is to confess to the Protectionists abroad that we
have been wrong, and that they are right.” But the fact is, no such
confession is necessary. The Protectionist abroad knows _too well_
that he is right, without any confession on our part. The vast
progress of the United States, the immense strides they have made
in commerce, manufactures, and wealth--strides so vast that our own
progress, even at its greatest, is insignificant--will convince
every intelligent American that the principle of protection to
native industry is, under many circumstances, wholesome and
necessary. The same may be said of France, which has made even
greater progress in some particulars than ourselves; and of
Russia, which, under protection, seems likely to come to the fore.
Public-domain text, read in full here on John Shaqi.
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