The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-10-01

/ sax capital n manufactures and shipping
4 from It's egnitaA.e share Of taxation.
I shereay protecting these oecupat1ons 81
/ the expense Of Other pursuits Taxation
/ ea cspitAi n these protected Industries i
about oas-foarth af wAss Is Is in the
7 United States. Al the same nne tie nav
isasioa laws we're repeated nader Which
{ Cromwell arrested commercial supremacy
from Holland and made Earlsnd N stress
/ Of the seas. Uaaer these lass foreign
ships we're restricted ia their commerce
slih Engiand % the transportation Of
those commodities only which were the
production OF the countries 10 whieh they
helonged
john Stewart Mill expresses the subtle
theory Of English protecsionissa when he
says: But Eagilsa saips can now nsvi-
gate SIS ehssply as those Of any other
country. The ends which may once have
Justified navigation LAYS reqa.re them no
longer" Having attained this position.
English ports were opened 10 the worlds
commerce and sys,emste policy Of sub
sides adopted 10 prevent corapet en-
from the shiu> Of other nations These
subsidies amounted 10 more than So. co.
GO n the course OF about forty years
In order that this new policy might have
free field for operation the whole power
OF the English government. through di-
plomacy and literature. was directed to-
ward removing the barriers which OBJ
strueied the entrance Of British ships
aud merchandise into foreign ports. The
trade OF the United States from which
England had been partially excluded by
protective laws. and the freighting business,
which American ships had hitherto shared
equally with her own, became the object
OF her special desire. The Walker tariff OF
1916 is a memorable instance of the sue
cess Of British arts where British arms had
signally failed. success made more en-
phatie by the change in cur own nav CATION
laws due 30 concessions by our minister in
England. George bancroft, in diplomatic
controversy with Lord Palmersten, and by
the subsequent withdrawal By our govern
ment of It's support to the then recently
organized American steamship lines,
speedily followed by the surrender OF
American commerce 10 British control.
This bold and almost desperate reversal
of England's economic policy in the face
of encroaching rivals of British industries
was attended by apparent success. The
statesmen who conceived aud brought to
the manufacturing and commercial inter
ests sought 10 maintain and augment their
power by destroying British agriculture
and by Gripping the commerce and indus
tries of rival nations. could not have
failed TO enjoy the prosperity which char
acterixed the sixth decade of the century
They may not have recognized the chief
cause of that prosperity in the stimula-
ton to industry and commerce given by
the discovery of gold IN California, and In
the wonderful movements of wealth and
population which followed. The Ameri-
can civil war in the seventh decade and
the withdrawal Of American ships from
the ocean contributed to prolong that pros
perity. But the depression and exhaustion
which might have been expected from
false policy have now become manifest in
the abandonment of British tiiiage, the
desertion of the land and the shrinkage OF
its value. the increasing number oil the
mpioyed. the almost innumerable
societies for the distribution Of charities,
the decline of wages for those who find
employment, the decrease of trade, foreign
and domestic, the stoprage of factories,
the low rates of interest for loans. and in
the protest against the economic policy