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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