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The Texas Republican, which appears semi-occasionally at Greenville, Tex., denounces in what Dorenus was wont to term "livid language," my statement to the effect that a nation pays for its imports with its exports.
A private railroad spur pierced the western side of the enclosure, for food and coal supplies, as well as for the handling of the numerous imports and exports of this wonderfully complete feudal domain. As the colony lay there basking in the sunshine of early spring, under its drifting streamers of smoke, it seemed an ideal picture of peaceful activities.
The effect of those laws was confessedly injurious, but the evil was greatly exaggerated by the unfounded theory you were taught to believe that its burthens were in proportion to your exports, not to your consumption of imported articles.
If only the Chamberlain scheme of a tariff against the world, free trade within the empire, could have evolved into practical politics, Canada for purely practical reasons would have welcomed Imperial Federation. It would have given her exports a wonderful outlet. But to-day Imperial Federation is a deader issue in Canada than reciprocity with the United States. No more books are written about it.
The foremost task facing Britain was meeting the costs of victory. To gain and maintain the new empire cost great sums of money which the crown knew it could not extract from British taxpayers already overburdened with levies on land, imports, exports, windows, carriages, deeds, newspapers, advertisements, cards and dice, and a hundred other items of daily use.
George Canning, but that he ride up and down Pall Mall glorious upon a white horse, and that they cry out before him, 'Thus shall it be done to the statesman who hath written The Needy Knife-Grinder'?" Letter VIII. begins with the statistics of Ireland, its area, population, trade, manufactures, exports and imports.
The power of the king, and therefore of the empire, was based on his ability to maintain law and order in his kingdom. This provided the development of a flourishing commerce, and it was by taxing all imports and exports that the king was able to finance his government.
It is but necessary to consult a statistical handbook in order to obtain a conception of the gigantic figures involved in the exports and imports of the multifarious articles of commerce to and from all countries figures whose magnitude precludes the possibility of forming an adequate conception of their true significance.
But when the worst is said that can be said of the public works policy, its good deeds still outweigh its evil. It is true that between 1870 and 1898 the public debt has been multiplied six times; but the white population has nearly tripled, the exports have more than doubled, and the imports increased by 75 per cent.
Factories found growing markets; banks multiplied branches and business; exports mounted fast and imports faster; closer relations were formed with London and New York financial interests; mushroom millionaires, country clubs, city slums, suburban subdivisions, land booms, grafting aldermen, and all the apparatus of an advanced civilization grew apace.
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