Famous Americans of Recent Times by James Parton
page 32 of 570 (05%)
page 32 of 570 (05%)
![]() | ![]() |
|
many years to come. But, of all men, a citizen of the United States
should be the very last to accept the protective system as final; for when he looks abroad over the great assemblage of sovereignties which he calls the United States, and asks himself the reason of their rapid and uniform prosperity for the last eighty years, what answer can he give but this?--_There is free trade among them_. And if he extends his survey over the whole earth, he can scarcely avoid the conclusion that free trade among all nations would be as advantageous to all nations as it is to the thirty-seven States of the American Union. But nations are not governed by theories and theorists, but by circumstances and politicians. The most perfect theory must sometimes give way to exceptional fact. We find, accordingly, Mr. Mill, the great English champion of free trade, fully sustaining Henry Clay's moderate tariff of 1816, but sustaining it only as a temporary measure. The paragraph of Mr. Mill's Political Economy which touches this subject seems to us to express so exactly the true policy of the United States with regard to the tariff, that we will take the liberty of quoting it. "The only case in which, on mere principles of political economy, protecting duties can be defensible, is when they are imposed temporarily, (especially in a young and rising nation,) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country. 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. A country which has this skill and experience yet to acquire may, in other respects, |
|