370 POSTSCRIPT
and thus have a prospect of either obtaining a revenue,
or of inducing our neighbours to give us better terms.
It seems as if a time were coming when it would only be
by specific agreement that we shall have access to markets in
which to dispose of the wares with which we purchase the
necessaries of life, and of industrial activity. The imposition
of retaliatory tariffs on protectionist countries may be forced
upon us as the only means of strengthening our business
connection? with the great self-governing colonies, and of
thus securing the command of supplies of food and raw
materials. It is possible that England would by this means
not only ward off the dangers which threaten her very
existence, but enter on a path by which the completest
sconomic co-operation between the distant regions which
form parts of the Empire may be most quickly and easily
realised.
The persuasive force of economic principles becomesgreater
when concrete instances, which affect immediate interests, can
be adduced in supporting them. The manufacturers in 1846
realised that by the adoption of Free Trade and the admission
of foreign cereals, the demand for our manufactures would be
enormously increased®. They had such a belief in the su-
periority of our methods of production, and the eagerness of
foreigners to buy on the cheapest terms, that they could not
conceive that any market which was once open to our goods
would ever be deliberately closed against us. Circumstances
have so far changed, and our industrial rivals have so far
developed in efficiency and in commercial influence, that the
Thiscourse question is forced upon public attention whether itis prudent
amonise for us to continue to trust entirely to laissez faire, or whether
oith Ie we are not compelled to take active measures to retain and
agvies extend the market for our goods. Under changed conditions
benefit of there may be a new reading of the Whig commercial tradition.
and
securing
an open
door for
our manu-
factures.
1 Such retaliation is quite different in economic character from any scheme for
reverting to the protection of home industries, as it was in vogue in the eighteenth
tentury, or is maintained in any country which regulates economic life on a strictly
National basis. Huskisson attempted to modify our tariffs in such a fashion as to
create new ties of common interests throughout the Empire, but his plan would
cot be applicable to present conditions. (Cunningham, Wisdom of the Wise, 50.) The
scheme for an Imperial Zollverein is discussed sympathetically by Lord Elgin, who
-egarded it as no longer practicable, Letters and Journals, 61. But it may still
be possible to introduce particular measures that benefit the mother-country and
some particular colony too, without attempting to impose one system on all the
members of the Empire. 3 Moxley, op. ett. 1. 141.