The International Magazine, Volume 2, No. 3, February, 1851Various
History
The International Magazine, Volume 2, No. 3, February, 1851
Various
Art, Modern -- 19th century -- Periodicals; Literature, Modern -- 19th century -- Periodicals; Science -- History -- Periodicals
More recently, in his _Harmony of Interests_, Mr. Carey has published a
full examination of the great question of commercial policy, with a view
to show that protection, as it exists in this country, is the true and
_only_ road to free trade. He has brought to the illustration of this
important doctrine a mass of facts, greater, probably, than was ever
before displayed in support of any position in political economy. It
commences with an examination of our whole commercial policy for the
last thirty years, and shows the effect of protection in increasing the
sum of production and consumption, the means of transportation, internal
and external, and the influx of population from abroad, always an
evidence of the increased productiveness of labor. In this work it is
shown conclusively, that shipping grows with protection, because
protection tends to promote immigration, or the import of men, the most
valuable of commodities, and thus to diminish the cost of _sending_ to
market the less valuable ones, grain, tobacco, and cotton. The question
is examined in every point of view--material, moral, intellectual, and
political; and the result arrived at is, "that between the interests of
the treasury and the people, the farmer, planter, manufacturer and
merchant, the great and little trader and the ship-owner, the slave and
his master, the land-owners and laborers of the Union and the world, the
free-trader and the advocate of protection, there is perfect harmony of
interests, and that the way to the establishment of universal peace and
universal free trade, is to be found in the adoption of measures tending
to the destruction of the _monopoly of machinery_, and the location of
the loom and the anvil in the vicinity of the plough and the harrow."
Public-domain text, read in full here on John Shaqi.
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