The Return to Protection: Being a Re-statement of the Case for Free Trade

Macmillan, 1906 - 297 páginas

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Página 50 - This fortress, built by nature for herself Against infection and the hand of war ; This happy breed of men, this little world, This precious stone set in the silver sea, Which serves it in the office of a wall, Or as a moat defensive to a house, Against the envy of less happier lands ; This blessed plot, this earth, this realm, this England...
Página 60 - A protecting duty, continued for a reasonable time, will sometimes be the least inconvenient mode in which the nation can tax itself for the support of such an experiment. But the protection should be confined to cases in which there is good ground of assurance that the industry which it fosters will after a time be able to dispense with it...
Página 16 - The attention of government was turned away from guarding against the exportation of gold and silver, to watch over the balance of trade, as the only cause which could occasion any augmentation or diminution of those metals. From one fruitless care it was turned away to another care much more intricate, much more embarrassing, and just equally fruitless.
Página 232 - But so long as a preferential tariff, even a munificent preference, is still sufficiently protective to exclude us altogether, or nearly so, from your markets, it is no satisfaction to us that you have imposed even greater disability upon the same goods if they come from foreign markets, especially if the articles in which the foreigners are interested come in under more favourable conditions.
Página 122 - Europe just now — (there never were so many, owing to the spread of a shallow, blotching, blundering, infectious "information," or rather deformation, everywhere, and to the teaching of catechisms and phrases at schools instead of human meanings) — there are masked words abroad, I say, which nobody understands, but which everybody uses, and most people will also fight for, live for, or even die for, fancying they mean this or that, or the other, of things dear to them: for such words wear chameleon...
Página 18 - The values of the Imports represent the cost, insurance, and freight ; or, when goods are consigned for sale, the latest sale value oj t>uch (foods. The values of the. Exports represent the cost and the charges of delivering the goods on board the Ship, and are known as the " free on board
Página 60 - The superiority of one country over another in a branch of production often arises only from having begun it sooner. There may be no inherent advantage on one part or disadvantage on the other, but only a present superiority of acquired skill and experience.
Página 76 - The Tariff of the United Kingdom presents neither congruity nor unity of purpose ; no general principles seem to have been applied. * * * The Tariff often aims at incompatible ends ; the duties are sometimes meant to be both productive of revenue and for protective objects...
Página 75 - They encourage the investment of capital in manufacturing enterprise by rash and unskilled speculators, to be followed by disaster to the adventurers and their employes, and a plethora of commodities which deranges the operations of skilled and prudent enterprise.
Página 77 - They do not make the receipt of revenue the main consideration, but allow that primary object of fiscal regulations to be thwarted by an attempt to protect a great variety of particular interests, at the expense of the revenue, and of the commercial intercourse with other countries. Whilst the Tariff has been made subordinate to many small producing interests at home, by the sacrifice of Revenue in order to support...

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