Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1901-06-05
FREE TRADE A DEAD ONE.
England Has Tardity Discovered
the Superiority OF
Protection.


Even in the house of its friends the
once undetermined policy of free
trade, the idol of the Cobdenites. con-
mands but scant respect. Ii gets more
kicks and abuse than praise in the
England of to-day, not because all or
even a majority of nglish free trad
ers have been converted to protection.
but because they have lost faith in the
system TO such an extent that they no
longer defend il, even if they cannot
bring themselves to openly condemn
II. Now that il is "a condition" not a
theory, that confronts England, in
the form of foreign trade competition.
1T Is being discovered that free trade
Is not the great national blessing that
was once pretended. The Englishmen
who have for years believed that the
building up of their country's great
commerce was made possible by the
repeal of the so-called corn laws and
the adoption of free trade system
are rapidly revising their opinions,
and on every side doubts are being cx-
pressed as TO the advisability of re-
tanning an economic policy wk,ch
Landicaps instead of helping.
The National Review, never an advo-
cate of free trade, but a conservative
representative of British public opin-
ion, points out the proof that has come
10 hand of late of the fallacy of the
contention that Great Britain's ma
tional prosperity during the last half
OF the nineteenth century was due TO
free trade. The National Review
says:
$50 long as we had no serious induVtriaI
competitors for the markets or the world.
our commercial ard fiscal system worked
we'll enough. IL was not seriously teAted.
We are apt to overlook the fact that the
lines Of our Industrial greatness were laid
during an age of monopoly-we being the
monopolists-and that our methods are
only now beginning TO be tried by competi-
ton. We had a worry long start from which
we shall derive some benefit. but already
We suffer from this threefold disadvantage
u Our home market is very seriously
eaten into by foreign competitors; e. the
markets OF our competitors are almost
sealed against US; CD in the neutral mar
kets OF the world free trade England is be-
ing rapidly overhauled by protectionist
America and protectionist Germany. The
age OF foreign competition has succeeded
the age of British monopoly and the rival
systems are now. for the first time, seri-
ously pitted against one another The
omens are unfavorable for free trade"
1t is not only interesting but impor-
tant for us to learn that British opin-
ion concerning the relative merits OF
free trade and protection is gradually
Undergoing change. II it were not
that the British move somewhat slow.
ly, we would be in danger of an immc-
date revision of the British system
and would have to prepare to meet
a commercial enemy fighting US with
our own weapons. But il is not to be,
expected that in Great Britain protec-
ton Will soon be substituted for free
trade, although it would seem as
though it must come To that ia time.
Americans, however, will be we'll con-
tent to see things remain as they are
now. We do not want to be kept out OF
the British markets where VIC have
been building up so profitable a bust
ness, and as long as the British cannot
bring themselves to break with tile
free trade system that business can
continue
But the tardy discovery made by
EngliShmen of the superiority of the
protective over the free trade system
is undoubtedly vindication of Amer
lean judgment. The people OF the
United States have repeatedly shown
their faith in the protective system,
and only upon one or two occasions
have they displayed any wavering in
that belief. The free traders have al
most invariably been in the minority.
and to-day that minority has shrunk
almost TO the vanishing point. The
nation from its own experience knows
that protection is the policy that builds
up trade, both domestic and foreign.
1t would have known this even with
out any English testimony on the sub
ject, but it is nevertheless gratifying
to have that testimony presented
Troy Times.