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women save a dowry for themselves。(2*)



    This last is evidently the effect of the cheap prices of the



common necessaries of life; light taxation; and an equitable



customs tariff。 Let England repeal the restrictions on the import



of agricultural produce; decrease the existing taxes on consumption



by one…half or two…thirds; cover the loss by an income tax; and her



factory workers will be put into the same position。



    No nation has been so misconstrued and so misjudged as respects



its future destiny and its national economy as the United States of



North America; by theorists as well as by practical men。 Adam Smith



and J。 B。 Say had laid it down that the United States were; 'like



Poland;' destined for agriculture。 This comparison was not very



flattering for the union of some dozen of new; aspiring; youthful



republics; and the prospect thus held out to them for the future



not very encouraging。 The above…mentioned theorists had



demonstrated that Nature herself had singled out the people of the



United States exclusively for agriculture; so long as the richest



arable land was to be had in their country for a mere trifle。 Great



was the commendation which had been bestowed upon them for so



willingly acquiescing in Nature's ordinances; and thus supplying



theorists with a beautiful example of the splendid working of the



principle of free trade。 The school; however; soon had to



experience the mortification of losing this cogent proof of the



correctness and applicability of their theories in practice; and



had to endure the spectacle of the United States seeking their



nation's welfare in a direction exactly opposed to that of absolute



freedom of trade。



    As this youthful nation had previously been the very apple of



the eye of the schoolmen; so she now became the object of the



heaviest condemnation on the part of the theorists of every nation



in Europe。 It was said to be a proof of the slight progress of the



New World in political knowledge; that while the European nations



were striving with the most honest zeal to render universal free



trade possible; while England and France especially were actually



engaged in endeavouring to make important advances towards this



great philanthropic object; the United States of North America were



seeking to promote their national prosperity by a return to that



long…exploded mercantile system which had been clearly refuted by



theory。 A country like the United States; in which such measureless



tracts of fruitful land still remained uncultivated and where wages



ruled so high; could not utilise its material wealth and increase



of population to better purpose than in agriculture; and when this



should have reached complete development; then manufactures would



arise in the natural course of events without artificial forcing。



But by an artificial development of manufactures the United States



would injure not only the countries which had long before enjoyed



civilisation; but themselves most of all。



    With the Americans; however; sound common sense; and the



instinct of what was necessary for the nation; were more potent



than a belief in theoretical propositions。 The arguments of the



theorists were thoroughly investigated; and strong doubts



entertained of the infallibility of a doctrine which its own



disciples were not willing to put in practice。



    To the argument concerning the still uncultivated tracts of



fruitful land; it was answered that tracts of such land in the



populous; well…cultivated states of the Union which were ripe for



manufacturing industry; were as rare as in Great Britain; that the



surplus population of those states would have to migrate at great



expense to the west; in order to bring tracts of land of that



description into cultivation; thus not only annually causing the



eastern states large losses in material and intellectual resources;



but also; inasmuch as such emigration would transform customers



into competitors; the value of landed property and agricultural



produce would thereby be lessened。 It could not be to the advantage



of the Union that all waste land belonging to it should be



cultivated up to the Pacific Ocean before either the population;



the civilisation; or the military power of the old states had been



fully developed。 On the contrary; the cultivation of distant virgin



lands could confer no benefit on the eastern states unless they



themselves devoted their attention to manufacturing; and could



exchange their manufactures against the produce of the west。 People



went still further: Was not England; it was asked; in much the same



position? Had not England also under her dominion vast tracts of



fertile land still uncultivated in Canada; in Australia; and in



other quarters of the world? Was it not almost as easy for England



to transplant her surplus population to those countries as for the



North Americans to transplant theirs from the shores of the



Atlantic to the banks of the Missouri? If so; what occasion had



England not only continuously to protect her home manufactures; but



to strive to extend them more and more?



    The argument of the school; that with a high rate of wages in



agriculture; manufactures could not succeed by the natural course



of things; but only by being forced like hothouse plants; was found



to be partially well…founded; that is to say; it was applicable



only to those manufactured goods which; being small in bulk and



weight as compared to their value; are produced principally by hand



labour; but was not applicable to goods the price of which is less



influenced by the rate of wages; and as to which the disadvantage



of higher wages can be neutralised by the use of machinery; by



water power as yet unused; by cheap raw materials and food; by



abundance of cheap fuel and building materials; by light taxation



and increased efficiency of labour。



    Besides; the Americans had long ago learnt from experience that



agriculture cannot rise to a high state of prosperity unless the



exchange of agricultural produce for manufactures is guaranteed for



all future time; but that; when the agriculturist lives in America



and the manufacturer in England; that exchange is not unfrequently



interrupted by wars; commercial crises; or foreign tariffs; and



that consequently; if the national well…being is to rest on a



secure foundation; 'the manufacturer;' to use Jefferson's words;



'must come and settle down in close proximity to the



agriculturist。'



    At length the Americans came to realise the truth that it



behoves a great nation not exclusively to set its heart upon the



enjoyment of proximate material advantages; that civilisation and



power  more important and desirable possessions than mere



material wealth; as Adam Smith himself allows  can only be



secured and retained by the creation of a manufacturing power of



its own; that a country which feels qualified to take and to



maintain its place amongst the powerful and civilised nations of



the earth must not shrink from any sacrifice in order to secure



such possessions for itself; and that at that time the Atlantic



states were clearly the region marked out for such possessions。



    It was on the shores of the Atlantic that European settlers and



European civilisation first set a firm foot。 Here; at the first;



were populous; wealthy; and civilised states created; here was the



cradle and seat of their sea fisheries; coasting trade; and naval



power; here their independence was won and their union founded。



Through these states on the coast the foreign trade of the Union is



carried on; through them it is connected with the civilised world;



through them it acquires the surplus population; material; capital;



and mental powers of Europe; upon the civilisation; power; and



wealth of these sea…board states depend the future civilisation;



power; wealth; and independence of the whole nation and its future



influence over less civilised communities。 Suppose that the



population of these Atlantic states decreased instead of growing



larger; that their fisheries; coasting trade; shipping engaged in



foreign trade and foreign trade itself; and; above all; their



general prosperity; were to fall off or remain stationary instead



of progressing; then we should see the resources of civilisation of



the whole nation; the guarantees for its independence and external



power; diminish too in the same degree。 It is even conceivable



that; were the whole territory of the United States laid under



cultivation from sea to sea; covered with agricultural states; and



densely populated in the interior; the nation itself might



nevertheless be left in a low grade as respects civilisation;



independence; foreign power; and foreign trade。 There are certainly



many nationalities who are in such a position and whose shipping



and naval power are nil; though possessing a numerous inland



population!



    If a power existed that cherished the project of keeping down



the rise of the American people and bringing them under subjection



to itself industrially; commercially; or politically; it could only



succeed in its aim by trying to depopulate the Atlantic states of



the Union and driving all increase of population; capital; and



intellectual power into the interior。 By that means it would not



only check the further growth of the nation's naval power; but



might also indulge the hope of getting poss

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