The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-05-11 00:00:00

THE EVIL EFFECTS OF FREE TRADE,

' Mr. Isaac Buchanan continues
convince the pu

at FREE 'I

his indefatigable exertions to
'IIADE cannot fail to produce
cts on England :

the following w
Ist. A reductio
in the Colo
end. A dep

all sorts'both at hone ar

iation of

3rd. The ivithdr
her national

,bility to pay the interest of

,ncies abroad

6th. The lois o

g SEA, and our becom
bearing of a great em

in; gradually rc

piie-to that of

gh bur becoming

military ir.ste
Thouzh Gurselv

kt opinions, we have troy
what Mr. Buchanan ha
vs, and we shall continu

prodoc
.to do s

CRITICAL POSIT I(
(FROM THE SC
"Mr. Isaac Bachana

1E BANK OF ENGLAND,

3AZETTE.)

omewhat fore'
icy and of Free-trad(

are in truth only oile qi
"His view is, that to

way to protect the mrr

need ti

is through me
by the Legiel
object—viz.,

aizhtforward and legitimate
)er circulation of any country
es, but that if this is neglected
?. way of attaining the same

prejudices at he

Stational Bankr

The following
ionist press of I

than tc

mold a course which, to our
) the world abroad, will savour

In the Free-trade and Prote

lOL STANDARD.)

of bread stuffs from th

Omission, with tht
caving the

s of ti

1 are rapidly

ling the efforts made to

!ection of paper

king upon the position of

iook most par-

2,) while their 'Ba-
sed .e738;051, mak-
to be attributed to
riciency bills at the
bilities became im-

far more than coun•

any power
lic. Our i.

arties will regard as
)N OF INSOLVENCY.

for billion may con-

r difficulties fairly in

is Buchanan, the lat

Mchanan, we may r

rids lea,

to the corn-
. One part

ad will be able to
or the payment of
e it rises, passes a
IER SHILLINGS A

very irk

paierit chat or
of " events ca
We are sure

only countri

1 on the Bank of
parties to hoard

ion to British la.

s views, as to the n►

ELS ITSEL
iterday, cot

roiigly stated the
is above."

RDIAN.)

ve will venture uno
!erred to h

to sell Govern-
vidends; ft if it

iorting to th

ANAN, or any of

well as far as

rdian'Oleading
)hidethecritical
Ll the fact that

AS ACTUALLY

They will abolish the Excise duties probably in tote, and
tat-dish a FREE TRADE COMMERCIAL LEAGUE, with which
o countermarch the North American Union of States, and the
German Zollverein. which at first would only be composed of
England and her Colonies, with China (the refusal of the Free
Traders to reciprocate with which country has been monstrous
I conduct)
admission by a very

But the act will provide that ANY NATION MAY AT ANY
TIME COME INTO THE FREE TRADE LEAGUE BY AGREEING
TO TRADE WITH ENGLAND AND HER COLONIES ON A RECI-
PROCAL DUTY OF 10 PER CENT. ON THE VALUE, IN THE
COUNTRY INTO WHICH IT IS IMPORTED, ON EVERY ARTICLE.

That this plan would find more employment and scope for
British labour, there can be little doubt ; but, in order to give
it a fair start, the Protectionists might be driven, contrary to
their declared intentions, to continue Peel's Property and In-
come Tax for a few years.

WE WOULD HAVE'. FREE TRADE WITH THE COLONIES, AND
BETWEEN THE DIFFERENT COLONIES, IN EVERY ARTICLE,
it being stipulated with each colony that all the public lands
revert to the Crown, and are hereafter to be viewed the birth-
right of any British subject who chooses to go and live on them.
In this way, an enormous and incessantly increasing outlet
for manufactures would spring up in the Colonies ; for, to take
one instance, the West Indies would be supplied with provi-
sions and bread stuffs from British North America,. and these
would be paid for in BRITisH LABOUR sent to Canada to clothe
the increasing population thus employed, instead of being paid
for, as at present, in BRITISH GOLD sent from the West Indies
to the United States.

In the meantime, all foreign countries who do not join the
British League would be charged—

o duty

except

that there will be no duty When the p:
All other articles now in the Tariff to remain as at present
And ALL articles NOT in the Tariff to pay 10 per cent. on the

-
value in this country.
We feel satisfied that the Protectionis

much more matured than people generally suppose, and that
we have now given a good bird's-eye view, at least, of the ob-
jects desired to be attained by them.
That a policy so generous and enlarged will be all carried
ttempted, at once, so as to secure its success, is a
we scarcely expect, for in all parties there will
always be found small men "fearful and unbel

them to attempt only little matters, success in
e honour and failure is disgraceful,—instead of,

aspirin!; at worthy objects in which, even in failiire, you .are
associated with greatness, and with what, in your own mind at

purposely thrown something of

)bject.beink to excite th

of the Whiffs to the p?sgibilitiof another party starting up on

es, while we are desfrouti to make it ap-
ITORITY" amounts to no more than that

statement, that it

I. Sir R. Peel is much more likely to support, than,
!ling of the last Parliament, he was to support the
e carripri_

perable difficulties attendant on

Trade even with our Colonic

the world which are able and willing
have the effect of showing np the h

ken on the subj
Trade with all the world.

of the-practicability of