United States or Micronesia ? Vote for the TOP Country of the Week !
Another and more determined effort, made by them in 1878, under the lead of their old Copperhead ally, Fernando Wood, to cut down the wise Protective duties imposed by the Tariff Act, about 15 per cent., together with the cold-blooded Free-Trade declaration of Mr.
We have learned that English criticism is dictated by love for us, by a warm interest in our intellectual development, just as English anxiety about our revenue laws is based upon a yearning that our down-trodden millions shall enjoy the benefits of free-trade.
The closeness of this vote their almost triumph, in 1876, encouraged the Solid South to press upon the National Democratic Convention of 1880, the expediency of adopting a Free-Trade "plank" similar to that with which, in 1876, they had so nearly succeeded. Hence the Democratic platform of 1880, also declared decidedly for "A Tariff for revenue only."
The third compromise, at the cost of postponing for twenty years the abolition of the foreign slave-trade, secured absolute free-trade between the states, with the surrender of all control over commerce into the hands of the federal government.
Hyslop said: "With what facility could I superintend the work of helping a drowning person and talk philosophy at the same time? How well could I hold a plough in stony ground and discuss protection and free-trade?" It is small wonder that the messages should be fragmentary and incomplete, were any such difficulties as these experienced!
First, it touches on the Sand River Convention of 1852, by which independence was granted to the State, and shows that the "evident objects and inciting motives" in granting such guarantee were to promote peace, free-trade and friendly intercourse, in the hope and belief that the Republic "would become a flourishing and self-sustaining State, a source of strength and security to neighbouring European communities, and a point from which Christianity and civilisation might rapidly spread toward Central Africa."
His commercial policy was identical with that of his friend Huskisson, which was that commerce flourished best when wholly unfettered by restrictions. He held that protection, in the abstract, was unsound and unjust; and thus he opened the way for free-trade, the great boon which Sir Robert Peel gave to the nation under the teachings of Cobden.
But the Democrats, who controlled the House of Representatives, attempted to solve the problem by cutting down the revenue, and passed a tariff bill, called the Mills Bill, after its chief author, Mr. R. Q. Mills of Texas. The Republicans declared it was a free-trade measure and defeated it in the Senate.
Moreover, so long as our economical and free-trade 'fads' endure, it is highly advisable to avoid the neighbourhood of France and invidious comparisons between its policy and our non-policy, or rather impolicy.
It is, perhaps, impossible to ascertain whether or not the actual value of the goods carried would be in the same proportion; but it seems probable that the value of the 800,000,000 tons of the home trade of America must considerably exceed that of the free portion of the trade of the British Empire, i.e., practically the whole of its import trade and that portion of its export trade carried on with free-trade countries or colonies.
Word Of The Day