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ad¡¡proved¡¡impracticable£»¡¡this¡¡new¡¡method¡¡of¡¡securing¡¡the¡¡desired¡¡end¡¡was¡¡soon¡¡found¡¡to¡¡be¡¡useless£»¡¡as¡¡the¡¡prohibition¡¡could¡¡be¡¡easily¡¡evaded¡£¡¡In¡¡the¡¡last¡¡resort£»¡¡therefore£»¡¡it¡¡was¡¡sought¡¡to¡¡insure¡¡a¡¡continuous¡¡influx¡¡of¡¡the¡¡precious¡¡metals¡¡through¡¡the¡¡ordinary¡¡channels¡¡of¡¡trade¡£¡¡If¡¡we¡¡bought¡¡less¡¡than¡¡we¡¡sold£»¡¡it¡¡was¡¡argued£»¡¡the¡¡balance¡¡of¡¡trade¡¡must¡¡be¡¡paid¡¡in¡¡coin¡£¡¡To¡¡accomplish¡¡this¡¡end¡¡every¡¡encouragement¡¡was¡¡given¡¡to¡¡the¡¡importation¡¡of¡¡raw¡¡materials¡¡and¡¡the¡¡necessaries¡¡of¡¡life£»¡¡but¡¡the¡¡purchase¡¡of¡¡foreign¡¡manufactures¡¡was£»¡¡for¡¡the¡¡most¡¡part£»¡¡prohibited£»¡¡and¡¡individuals¡¡were¡¡entreated¡¡not¡¡to¡¡buy¡¡imported¡¡luxuries¡£¡¡The¡¡result¡¡was¡¡retaliation¡¡abroad£»¡¡and¡¡a¡¡deadlock¡¡in¡¡the¡¡commercial¡¡machine¡£¡¡Wars¡¡of¡¡tariff¡¡were¡¡common£»¡¡for¡¡instance£»¡¡we¡¡prohibited¡¡the¡¡importation¡¡of¡¡gold¡lace¡¡from¡¡Flanders£»¡¡and¡¡the¡¡Flemings¡¡in¡¡return¡¡excluded¡¡our¡¡wool¡£¡¡The¡¡system£»¡¡however£»¡¡resisted¡¡the¡¡teaching¡¡of¡¡experience£»¡¡despite¡¡the¡¡fact¡¡that¡¡in¡¡abolishing¡¡the¡¡prohibition¡¡of¡¡the¡¡export¡¡of¡¡gold¡¡and¡¡silver£»¡¡the¡¡Government¡¡acknowledged¡¡the¡¡true¡¡principle¡¡of¡¡free¡¡trade¡¡put¡¡forward¡¡by¡¡the¡¡East¡¡Indian¡¡Company¡£¡¡The¡¡latter¡¡contended¡¡that¡¡the¡¡law¡¡forbidding¡¡the¡¡export¡¡of¡¡bullion¡¡was¡¡not¡¡only¡¡useless£»¡¡since¡¡it¡¡was¡¡easily¡¡stultified¡¡by¡¡smuggling£»¡¡but¡¡even£»¡¡if¡¡enforced£»¡¡was¡¡hurtful£»¡¡since¡¡the¡¡Orientals¡¡would¡¡only¡¡sell¡¡their¡¡valuable¡¡goods¡¡for¡¡silver¡£¡¡The¡¡success¡¡of¡¡this¡¡contention¡¡marks¡¡the¡¡transition¡¡from¡¡the¡¡Mercantile¡¡System¡¡proper¡¡to¡¡modern¡¡Protection¡£¡¡The¡¡advocates¡¡of¡¡that¡¡system¡¡had¡¡shifted¡¡their¡¡ground£»¡¡and¡¡instead¡¡of¡¡seeking¡¡merely¡¡to¡¡prohibit¡¡the¡¡export¡¡of¡¡the¡¡precious¡¡metals£»¡¡they¡¡established¡¡a¡¡general¡¡protection¡¡of¡¡native¡¡industries¡£¡¡¡¡¡¡¡¡¡¡Their¡¡measures¡¡were¡¡not¡¡all¡¡alike¡¡bad¡£¡¡The¡¡Navigation¡¡Acts£»¡¡for¡¡instance£»¡¡were¡¡defended¡¡by¡¡Adam¡¡Smith£»¡¡and¡¡Mill¡¡has¡¡indorsed¡¡his¡¡defence£»¡¡on¡¡the¡¡ground¡¡that¡¡national¡¡defence¡¡is¡¡more¡¡important¡¡than¡¡national¡¡opulence¡£¡¡¡¡¡¡¡¡¡¡The¡¡most¡¡famous¡¡of¡¡these¡¡Acts¡¡was¡¡the¡¡law¡¡of¡¡1651£»¡¡by¡¡which¡¡no¡¡goods¡¡of¡¡the¡¡growth¡¡or¡¡manufacture¡¡of¡¡Asia£»¡¡