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continents。 With all their liberality with philanthropical and



cosmopolitical phrases which they uttered in general discussions



respecting the commercial systems of England and other countries;



they nevertheless did not think it inconsistent; whenever the



question arose of the alteration of any particular English duties;



to base their arguments on the principle of protection。



    Huskisson certainly reduced the duties on several articles; but



he never omitted to take care that at that lower scale of duty the



home manufactories were still sufficiently protected。 He thus



followed pretty much the rules of the Dutch water administration。



Wherever the water on the outside rises high; these wise



authorities erect high dykes; wherever it rises less; they only



build lower dykes。 After such a fashion the reform of the English



commercial policy which was announced with so much pomp reduced



itself to a piece of mere politico…economical jugglery。 Some



persons have adduced the lowering of the English duty on silk goods



as a piece of English liberality; without duly considering that



England by that means only sought to discourage contraband trade in



these articles to the benefit of her finances and without injury to



her own silk manufactories; which object it has also by that means



perfectly attained。 But if a protective duty of 50 to 70 per cent



(which at this day foreign silk manufacturers have to pay in



England; including the extra duty(3*)) is to be accepted as a proof



of liberality most nations may claim that they have rather preceded



the English in that respect than followed them。



    As the demonstrations of Canning and Huskisson were specially



intended to produce an effect in France and North America; it will



not be uninteresting to call to mind in what way it was that they



suffered shipwreck in both countries。 Just as formerly in the year



1786; so also on this occasion; the English received great support



from the theorists; and the liberal party in France; carried away



by the grand idea of universal freedom of trade and by Say's



superficial arguments; and from feelings of opposition towards a



detested Government and supported by the maritime towns; the wine



growers; and the silk manufacturers; the liberal party clamorously



demanded; as they had done in the year 1786; extension of the trade



with England as the one true method of promoting the national



welfare。



    For whatever faults people may lay to the charge of the



Restoration; it rendered an undeniable service to France; a service



which posterity will not dispute; it did not allow itself to be



misled into a false step as respects commercial policy either by



the stratagems of the English or by the outcry of the liberals。 Mr



Canning laid this business so much to heart that he himself made a



journey to Paris in order to convince Monsieur Vill鑜e of the



excellence of his measures; and to induce him to imitate them。 M。



Vill鑜e was; however; much too practical not to see completely



through this stratagem; he is said to have replied to Mr Canning;



'If England in the far advanced position of her industry permits



greater foreign competition than formerly; that policy corresponds



to England's own well…understood interests。 But at this time it is



to the well…understood interests of France that she should secure



to her manufactories which have not as yet attained perfect



development; that protection which is at present indispensable to



them for that object。 But whenever the moment shall have arrived



when French manufacturing industry can be better promoted by



permitting foreign competition than by restricting it; then he (M。



Vill鑜e) would not delay to derive advantage from following the



example of Mr Canning。'



    Annoyed by this conclusive answer; Canning boasted in open



Parliament after his return; how he had hung a millstone on the



neck of the French Government by means of the Spanish intervention;



from which it follows that the cosmopolitan sentiments and the



European liberalism of Mr Canning were not spoken quite so much in



earnest as the good liberals on the Continent might have chosen to



believe。 For how could Mr Canning; if the cause of liberalism on



the Continent had interested him in the least; have sacrificed the



liberal constitution of Spain to the French intervention owing to



the mere desire to hang a millstone round the neck of the French



Government? The truth is; that Mr Canning was every inch an



Englishman; and he only permitted himself to entertain



philanthropical or cosmopolitical sentiments; when they could prove



serviceable to him in strengthening and still further extending the



industry and commercial supremacy of England; or in throwing dust



into the eyes of England's rivals in industry and commerce。



    In fact; no great sagacity was needed on the part of M。 Vill鑜e



to perceive the snare which had been laid for him by Mr Canning。 In



the experience of neighbouring Germany; who after the abolition of



the Continental system had continually retrograded farther and



farther in respect of her industry; M。 Vill鑜e possessed a striking



proof of the true value of the principle of commercial freedom as



it was understood in England。 Also France was prospering too well



under the system which she had adopted since 1815; for her to be



willing to attempt; like the dog in the fable; to let go the



substance and snap at the shadow。 Men of the deepest insight into



the condition of industry; such as Chaptal and Charles Dupin; had



expressed themselves on the results of this system in the most



unequivocal manner。



    Chaptal's work on French industry is nothing less than a



defence of the French commercial policy; and an exposition of its



results as a whole and in every particular。 The tendency of this



work is expressed in the following quotation from it。 'Instead of



losing ourselves in the labyrinth of metaphysical abstractions; we



maintain above all that which exists; and seek above all to make it



perfect。 Good customs legislation is the bulwark of manufacturing



industry。 It increases or lessens import duties according to



circumstances; it compensates the disadvantages of higher wages of



labour and of higher prices of fuel; it protects arts and



industries in their cradle until they at length become strong



enough to bear foreign competition; it creates the industrial



independence of France and enriches the nation through labour;



which; as I have already often remarked; is the chief source of



wealth。'(4*)



    Charles Dupin had; in his work 'On the Productive Powers of



Franc
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