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acquired advantages of skill, capital, and machinery; free intercourse is necessary to give them their most efficient operation, and to allow them scope for their full development. • When any given portion of capital can, in England, fabricate a greater quantity of woollens or of cottons than in France, and can in France produce a greater supply of corn or wine ⚫ than in England; then the absence of all regulation is all that ' is necessary to establish between the two countries an active ⚫ and mutually beneficial commerce.

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It will no doubt be contended, that to throw open our ports to the importation of French commodities, without having previously stipulated that they should at the same time relinquish their restrictions and prohibitions, instead of extending the market for our manufactures, would only drain us of our bullion. But our practical Statesmen need not give themselves much ununeasiness on this head. We have neither gold nor silver mines; and whatever additional quantities of bullion might be exported to France, must previously have been obtained by an equally increased exportation of some species of our produce to the countries possessed of the precious metals. It is mere error and delusion to suppose it possible to drain any State of its bullion. Gold and silver are never exported to destroy, but always to find their level. Nor, although the utmost freedom was given to import all sorts of French products, would a single ounce of bullion be sent to that kingdom, unless its real price. was higher there than here, and, consequently, unless its exportation was advantageous.

Nothing, therefore, but our own absurd regulations—our being prohibited from purchasing from the French those commodities which we do not raise at home, and with which they could supply us cheaper than any other people, prevents us from maintaining a vastly greater and more advantageous intercourse with that country than with any other in the world. It is completely in our power to open a new and boundless market for our surplus products. We may, if we choose, immediately double or triple the number of the foreign consumers of British manufactures. Nor is it at all necessary, in order to bring about this most desirable result, that we should attempt to negociate a commercial treaty with France. It is extremely probable, indeed, that such an attempt would, at the present moment, prove unsuccessful; and it is therefore fortunate that it is of very secondary importance. All that is required to lay the foundation of a commerce which would give an immediate stimulus to the lan

* Torrens on the External Corn Trade, 2d ed. p. 296.

guishing industry of the country, and of which it is impossible to estimate the future extent, is to consent to act, as a nation, on the same principles which regulate the conduct of every prudent individual-or, which is the same thing, to buy in the cheapest market. This is all the sacrifice that we are called on to make. The French, we may depend upon it, will not refuse to sell; and as there can be no selling without an equal buying-no exportation without a proportional importation-by acting on a liberal system ourselves, we shall not only reap a very great immediate advantage, but shall inevitably compel them to abandon their restrictions.

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In supposing that the French would not refuse to sell, we pay them, it must be confessed, a compliment which, if applied to this country, would be altogether undeserved. We not only refuse to admit French commodities, but we prevent our merchants from exporting those for which there is a very great demand in France! Were it not for the enormous duty of about 70 per cent. with which exported coal is burdened, that article would find a ready market in France. But Ministers having resolved that we should neither drink the wines and brandies, nor clothe ourselves with the silks and cambrics, of our ingenious neighbours, appear to have thought it only reasonable that they, in their turn, should be prevented from warming themselves with our fuel.-We are totally unable to divine any other reason for this absurd prohibition. What should we think of the policy of the South Americans, were they to prohibit the exportation of bullion? Yet we believe there is just as good reason to apprehend the exhaustion of the mines of Mexico and Peru, as of those of Durham and Cumberland.

This illiberal policy is disadvantageous in many other respects besides being fatal to our commerce. Our open and avowed jealousy of the commercial prosperity of other countries, and the power to which we have attained, excites at once their illwill and their envy; and disposes them as well to manifest an unaccomodating spirit on occasion of any petty quarrel, as to adopt retaliatory measures on our trade. This has been especially the case with France. But, if things were left to their natural course, the connexion between the two countries would be so intimate-the one would constitute so near, so advantageous, and so extensive a market for the produce of the otherthat they could not remain long at war without occasioning the most extensively ruinous distress-distress which no government would be willing to inflict on its subjects, and to which, though it were willing, it is probable no people would be dis

posed to submit. By doing away all restrictions on the trade with France, the two nations would acquire one common interest. And we should thus not only cause a prodigiously increased demand for our products, and a proportionable augmentation of the comforts of all classes, but, in a great measure, secure ourselves against the risk of future hostilities. Les peuples ne s'entrehaïssent jamais; and we trust the period is now arrived when a selfish and repulsive system of policy will no longer be permitted to

'Make enemies of nations who had else,

Like kindred drops, been mingled into one.

The late glorious revolution in Spain, will not only give additional strength to the cause of freedom in this and every other country; but if we avail ourselves of the opportunity which it presents, it may also be rendered of the very greatest service to our commerce. During the period when Ferdinand was employed in the appropriate task of embroidering petticoats for the Virgin, the Cortes did every thing in their power to promote a free intercourse with this country. No sooner, however, had the Cortes been put down, and the Usurper restored, than our cotton goods were strictly excluded from the Peninsula; and a duty of from 26 to 43 per cent. imposed on the two finer qualities of our woollens, and of 130 per cent. on the inferior qualities. This put an entire stop to the operations of the fair trader:-But there is every reason to hope that the Cortes will again return to their former policy; and that a generous and liberal conduct on our part, will be sufficient to give a vastly greater extent to the commerce with Spain.

But it is not in Europe and America only that the abandonment of the exclusive system would give fresh vigour to commerce.-It has been nearly as destructive to our intercourse with the Eastern nations, as to that with France and the Baltic. The disadvantages under which our commerce with China is at present carried on, have, it is said, impressed even the practical statesmen of the Board of Trade with a conviction of the necessity of making some partial relaxation in the East India Company's monopoly.-But this can be of no material service. If Government are really desirous that the surplus produce of this country should find a vent in the immense market of China, it is indispensably requisite that the freest scope should be given to competition, and that every exclusive privilege, granted to any particular class of traders, should be done away. It is certain, indeed, that if the monopoly is not entirely abolished, we shall very soon be deprived of the share we at present possess of the China trade. Notwithstanding every advantage derived from

first appeared at Canton so late as 1784, have already completely stript us of all share in the foreign tea trade; and, but for the monopoly which the Company have acquired of the home market, they would not be able to send out a single ship. It is not, therefore, a partial opening to the trade with China which can be of any service. All the skill and capital of our merchants would, under a system of perfectly free intercourse, be barely sufficient to enable them to enter into a successful competition with the Americans. It is quite visionary to suppose that we shall be able to regain the ground we have lost, if we continue to fetter and shackle the spirit of private adventure. As a proof of the advantages resulting from the freedom of industry, it is enough to mention, that, under all the absurd and teasing regulations about size of ships, places of sale, &c. imposed by the late act for partially opening the trade to Hindostan and the Eastern Archipelago, the private traders have already fairly beat the Company out of the market, and have prodigiously extended our intercourse with these rich and populous regions. Nor is it possible to estimate the addition that would be made to this traffic, were the nuisance of monopoly completely put down-restraints and shackles of every kind thrown aside-and the vast continent of Asia opened as a field for the unrestricted competition of our merchants.

There are a number of other regulations in our exclusive system equally pernicious and absurd with those to which we havẹ thus directed the attention of our readers; but we cannot spare time at present to specify them. We have already stated enough to show the absolute necessity of abandoning it altoge ther. When the former sources of our wealth and channels of our commerce have been either dried up or shut against us, and, in consequence, a seventh part of the entire population of the Empire plunged in the abyss of poverty, and reduced to the condition of paupers,-it becomes the imperative duty of Ministers to endeavour to open new markets for our manufactures, and to stimulate the natural demand for labour. It has been our object to endeavour to point out how this may be effected; and to show that, by giving freedom to commerce, those commodities which are now pent up in our warehouses, would meet with an advantageous and ready market. Instead of having too large a supply of manufactured produce, it would be found, were we to consent to relinquish our restrictions and prohibitions, and gradually to recur to the only sound principle on

which commercial prosperity can ever be bottomed-that of a perfect freedom of trade-that we might add indefinitely to its amount. The market of the world never has been, and never can be, glutted. The distresses of the manufacturers, as far as they originate in the want of a market, (and this is undoubtedly their principal source), are entirely a consequence of our own perverse policy-of our refusing to admit the cheap corn of Poland and America-the timber and iron of the Baltic-the wines, brandies, and cambrics of France-the silks of Spain-the sugars of Brazil, and so forth. Let our rulers renounce this selfish monopolizing system; let them cease to counteract the benevolent wisdom of Providence, which, by giving a diversity of soils, climates and products to different nations, has provided for their mutual intercourse and commerce; and it may be boldly affirmed, that whatever evils we may in future suffer from our oppressive taxation, and these will be neither few nor small, we shall at least be relieved from those which arise from a deficiency of demand for our commodities.

We have not chosen to incumber this discussion with any inquiry as to the probable effects which a reduction of the present exorbitant duties on French wines, brandies, &c. might have on the Revenue: And this because, in the first place, it is proved, by universal experience, that a low duty levied from a large quantity, is always more productive than a high duty levied from a comparatively small quantity; and, in the second place, because, although it were otherwise, the loss of two or three hundred thousand pounds, or even of one million, the whole of the present duty on wine, could not be considered as forming any valid objection to a measure, which would infallibly be productive of such very great advantages, and which is indeed absolutely necessary to save the commerce of the country from ruin.

ART. IV. 1. A General History of Music, from the Earliest Times to the Present: Comprising the Lives of Eminent Composers and Musical Writers. The whole accompanied with Notes and Observations, Critical and Illustrative. By THоMAS BUSBY, Mus. Doc. 2 vols. 8vo. pp. 1075. Published by Sir R. Phillips. London, 1819.

2. The Lives of Haydn and Mozart. In a Series of Letters. Translated from the French of L. H. C. BOMBERT. 8vo. pp. 493. Murray, London, 1817.

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