No sooner was the Baltic open to our merchants, than corn was bought up there for importation into England; at the same time the continent was glutted with English goods, which, because the supply greatly exceeded the demand, were sold at less than their prime cost, and upon which the foreign governments soon laid new duties...to prevent the ruin of their own manufactures. This might have been a salutary lesson, if nations were ever rendered wise by experience; it might have taught us that, however willing one part of this nation might be to see the other ruined by the free admission of foreign grain, foreign governments would never consent to have their fabrics destroyed by the unrestricted introduction of British goods. It is a sound maxim in politics, whatever it may be in morals, that charity begins at home.
Robert Southey
Related topics
admission
baltic
bought
british
charity
consent
continent
corn
cost
demand
english
experience
foreign
free
glut
goods
grain
home
importation
introduction
lay
less
lesson
maxim
might
nation
open
politics
prime
ruin
see
sold
sound
supply
teach
time
whatever
willing
wise
sooner
morals
england
Related quotes
What is the good, I ask, in the name of common sense, of prohibiting sweating in this country if you allow sweated goods to come in from foreign countries? If you insist on limitation, of hours and upon precautions for security, bear in mind all these things add to the cost of production, to the difficulties of the manufacturer in selling his goods, and unless you give him some increased price, some increased advantage in compensation, then he cannot carry on competition any longer. All these conditions in the long run will result not to your advantage, for you will have no work to do, but to the advantage of the foreigner, who is not so scrupulous and who conducts his work without any of these conditions...If protected labour is good, and I think in many ways it is...then it is good to protect the results of labour, and you cannot do one without the other.
Joseph Chamberlain
With regard to certain other fallacies with which the farmers have been beset, and latterly more so than ever; the farmer has been told that if there was a free trade in corn, wheat would be so cheap, that he would not be able to carry on his farm. He is directed only to look at Dantzic, where corn, he is told, was once selling at 15s. 11d. per quarter, and on this the Essex Protection Society put out their circulars, stating that Dantzic wheat is but 15s. 11d. per quarter, and how would the British farmer contend against this? ...As far as I can obtain information from the books of merchants, the cost of transit from Dantzic, during an average of ten years, may be put down at 10s. 6d. a quarter, including in this, freight, landing, loading, insurance, and other items of every kind. This is the natural protection enjoyed by the farmers of this country.
Richard Cobden
The economic betterment of a nation which is at a low level of intelligence and culture, or in which the population is small in relation to the extent and productivity of its territory, is best accomplished through free trade with highly cultivated, rich, and industrious nations. In the case of such a country every restriction of trade, intended to plant manufacturing industry within its borders, is premature and injurious, not only to the welfare of mankind in general, but to the progress of the nation itself. Only when the intellectual, political, and economic education of the nation has so far advanced as a result of free trade that its further progress would be checked and hindered by the import of foreign manufactures and the lack of a sufficient market for its own goods, can protective measures be justified.
Friedrich List
What should be the profession of faith of a sound but reasonable Imperialist? He will not be possessed with any secret desire to see the whole of Africa or of Asia painted red on the maps. He will entertain not only a moral dislike, but also a political mistrust of that excessive earth-hunger, which views with jealous eyes the extension of other and neighbouring European nations. He will have no fear of competition. He will believe that, in the treatment of subject races, the methods of government practised by England, though sometimes open to legitimate criticism, are superior, morally and economically, to those of any other foreign nation; and that, strong in the possession and maintenance of those methods, we shall be able to hold our own against all competitors.
Evelyn Baring, 1st Earl of Cromer
The manufacture of yarn being at length full established, the demand for it became too great for the patentees to supply, and then they sold licenses very extensively, so that at least 60,000 l. has been expended in consequence of such grants. Mr. Arkwright and his partners have expended upwards of 30,000/. in buildings and machinery in Derbyshire, and above 4,000 /. in Manchester; and they have lost not less than 5,000 l. or 6.000 l. by injuries from mobs, and from fire. The saving of labour by this machinery is several hundred thousands per annum, and yet trade is so greatly increased, that many more people are employed, and can earn a comfortable maintenance, than were employed before. The same inventions maybe applied with equal advantage to prepare and spin wool.
Richard Arkwright