all such arrangements as the Methuen treaty, by which, in
consideration of obtaining the control of the market of Portugal for
the sale of her manufactures, Great Britain agreed to give to the
wines of that country great advantage over those of France.

Against all the errors of the system, Dr. Smith, however, raised in
vain his warning voice. "England's treasure" was, it was thought, to
be found "in foreign trade," and every measure adopted by the
government had in view the extension of that trade. With each new
improvement of machinery there was a new law prohibiting its export.
The laws against the export of artisans were enforced, and a further
one prohibited the emigration of colliers. The reader will readily see
that a law prohibiting the export of cotton or woollen machinery was
precisely equivalent to a law to compel all the producers of wool or
cotton to seek the distant market of England if they desired to
convert their products into cloth. The inventors of machinery, and the
artisans who desired to work it, were thus deprived of freedom of
action, in order that foreigners might be made the slaves of those who
controlled the spinning-jenny, the loom, and the steam-engine, in
whose hands it was desired to centralize the control of the farmers
and planters of the world. England was to be made "the workshop of the
world," although her people had been warned that the system was not
only unnatural, but in the highest degree unjust, and even more
impolitic than unjust, because while tending to expel capital and
labour from the great and profitable home market, it tended greatly to
the "discouragement of agriculture" in the colonies and nations
subjected to the system, and to prevent the natural increase of the
smaller and less profitable distant market upon which she was becoming
more and more dependent.