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Updated: May 10, 2025
They see a population hard at work and getting good wages, masters making great profits, and no end of bales going off to town; and do not consider that half the price of the cloth is wasted, and that the protection-duty sets the people to work which they cannot do to advantage, while it takes them away from occupations which their country is fit for.
We may reckon roughly that for this article alone the Mexicans have to pay a million sterling annually more than they could get it for if there were no protection-duty. The only advantage anybody gets by this is that a certain part of the population is employed in a manufacture unsuited to the country, and is thus taken away from work that may be done profitably.
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