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PROTECTIVE DUTIES ON IMPORTS AND HOW THEY
WORK
LonpoN, 7 July, 1767.
Suppose a country, X, with three manufactures, as
cloth, silk, iron, supplying three other countries, A,
B, C, but is desirous of increasing the vent, and rais-
ing the price of cloth in favor of her own clothiers.
In order to this, she forbids the importation of
foreign cloth from A.
A, in return, forbids silks from X.
Then the silk-workers complain of a decay of trade.
And X, to content them, forbids silks from B.
B, in return, forbids iron ware from X.
Then the iron-workers complain of decay.
And X forbids the importation of iron from C.
C, in return, forbids cloth from X.
What is got by all these prohibitions?
Answer.—All four find their common stock of the
enjoyments and conveniences of life diminished.
B. F.