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latter condition, when the balance of imports over exports is against us. For under free trade we cannot conserve the industries of the country. These decline, as agriculture has declined; and the order in which they decline depends upon the forces they have at their disposal to resist the adverse consequences of unequal competition.

CHAPTER XII.

THE ONE-SIDED FREE-TRADERS AND INCREASING IMPORTS

"NEW DOCTRINES TO SUIT FRESH CONDITIONS."

"The world is still deceived with ornament."

'' There is no vice so simple but assumes
Somo mark of virtue on its outward parts."

"Thus ornament is but the guiled shore
To a most dangerous sea; the beauteous scarf
Veiling an Indian beauty: in a word
The seeming truth which cunning times put on
To entrap the wisest."

Shakespeare.

The "unexpected" Development Of Codden's Free ImportsInStead Op Growing 20,000,000 Quarters, We Import 16,000,000 Quarters Of WheatCobden And The Chartist MovementThe Nature Of The Support Given To CobdenHow It Was He And His Colleagues Could Menace The Prime Minister With Civil DisturbanceCorn Imports Form The Great Bulk Of Our Import Trade Explain The Difference Between ExPorts And ImportsOur Ability To Pay For Imports Depends In Great Measure Upon State Of Our Export TradeBut Labour Interests Encroached Upon By State Aids To Foreign ManuFacturesUniversal Free Trade Would Bear Unequally

\ Upon Small And Unfavourably Placed PeoplesFree Trade And Race Antipathies Foreign Securities Discharge Our Corn-billTendency To Displacement Of British Labour Slow, And Therefore Insidious.

§ 28. Free trade docs not tend to induce commercial equality among nations whosc original surrounding conlatter condition, when the balance of imports over exports is against us. For under free trade we cannot conserve the industries of the country. These decline, as agriculture has declined; and the order in which they decline depends upon the forces they have at their disposal to resist the adverse consequences of unequal competition.

CHAPTER XII.

THE ONE-SIDED FREE-TRADERS AND INCREASING IMPORTS

"NEW DOCTRINES TO SUIT FRESH CONDITIONS."

"The world is still deceived with ornament."

"There is no vice so simple but assumes
Some mark of virtue on its outward parts."

"Thus ornament is but the guiled shore
To a most dangerous sea; the beauteous scarf
Veiling an Indian beauty: in a word
The seeming truth which cunning times put on
To entrap the wisest."

—shakespeare.

The "unexpected" Development Of Cobden's Fp.ee ImportsInStead Of Growing 20,000,000 Quarters, We Import 16,000,000 Quarters Of WheatCobden And The Chartist Movement— The Nature Of The Support Given To CobdenHow It Was He And His Colleagues Could Menace The Trime Minister With Civil DisturbanceCorn Imports Form The Great Bulk Of Our Import TradeExplain The Difference Between ExPorts And ImportsOur Ability To Pay For Imports Depends In Great Measure Upon State Of Our Export TradeBut Labour Interests Encroached Upon By State Aids To Foreign ManuFacturesUniversal Free Trade Would Bear Unequally

\ Upon Small And Unfavourably Placed PeoplesFree Trade And Race Antipathies Foreign Securities Discharge Our Corn-billTendency To Displacement Of British Labour Slow, And Therefore Insidious.

§ 28. Free trade does not tend to induce commercial equality among nations vjhose original surrounding con

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