impoverished millions to abandon a system the effect of which was to
build up immense fortunes in the hands of the few and to reduce the
laboring millions to pauperism and misery. Nearly in the same ratio that
labor was depressed capital was increased and concentrated by the
British protective policy.

The evils of the system in Great Britain were at length rendered
intolerable, and it has been abandoned, but not without a severe
struggle on the part of the protected and favored classes to retain the
unjust advantages which they have so long enjoyed. It was to be expected
that a similar struggle would be made by the same classes in the United
States whenever an attempt was made to modify or abolish the same unjust
system here. The protective policy had been in operation in the United
States for a much shorter period, and its pernicious effects were not,
therefore, so clearly perceived and felt. Enough, however, was known of
these effects to induce its repeal.

It would be strange if in the face of the example of _Great Britain_,
our principal foreign customer, and of the evils of a system rendered
manifest in that country by long and painful experience, and in the face
of the immense advantages which under a more liberal commercial policy
we are already deriving, and must continue to derive, by supplying her
starving population with food, the United States should restore a policy
which she has been compelled to abandon, and thus diminish her ability
to purchase from us the food and other articles which she so much needs
and we so much desire to sell. By the simultaneous abandonment of the
protective policy by Great Britain and the United States new and
important markets have already been opened for our agricultural and
other products, commerce and navigation have received a new impulse,
labor and trade have been released from the artificial trammels which