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Buchanan calls himself a Democrat; he is loud in his protestations of respect for the sagacity, the good-sense, and the virtue of the people; his political school takes for its motto the well-known adage, "That government is best which governs least"; his party, if he does not, purports to be a great advocate of the emancipation of trade from all the old-fashioned restraints which take the names of protections, tariffs, bounties, etc. etc.; and we wonder how it is, that, in his presumed excursions over the entire domain of free-trade, he should have got no inkling of a thought as to the benefits of free-trade in banking.
To provide revenue, Peel introduced an income tax of seven pence in the pound, to stand for three years; and to offset that again lowered the import duties on domestic animals, dairy products, other articles of food, and some drugs. When Parliament assembled in 1843 the discussions centred on free-trade. Sir Robert Peel and Mr.
He was a pronounced Liberal, and a strenuous advocate of free-trade. In the summer of 1825 advances were made to him to become the Liberal candidate for Dover at the next election. After due consideration he responded favourably to these advances, and was in due course returned by a considerable majority. One of his earliest votes in the House of Commons was in favour of free-trade.
Our legislators have not yet learned the comparative value of free-trade and of freedom, of union, and of rectitude, to a nation. They have no genius or talent for comparatively humble questions of taxation and finance, commerce and manufacturers and agriculture.
A series of good crop years, the low tariff of the United States, and the free-trade policy of England stimulated the unprecedented commercial activity. The financial system was more stable than it had ever been before, and the inter-sectional trade was assuming proportions never dreamed of in the earlier days of the Republic.
By-the-by, Anne" here a bright idea seemed to strike the worthy man "what a help he would be to us against the Protectionists! Wouldn't he see the blessing of Free-trade?" Anne smiled, with her finger on her lip to stop the conversation; and they stepped in at the window; Mrs. Harper taking care to glide away, lest they should suspect what she had so unintentionally heard.
The manner in which he was driven from the marine of the Stuarts, on account of his opposition to tyranny; his refuge with an only daughter, in the colonies; and his final recourse to the free-trade for a livelihood, have often been alluded to between us."
The system of finance was reformed by the gradual substitution of direct for indirect taxation. By the Navigation Laws all differential and transit dues upon shipping were reduced; tolls on through-cargoes on the rivers were abolished, and the tariff on raw materials lowered. It was a considerable step forward in the direction of free-trade.
It was the rapid growth of manufacturing industry in Manchester that changed its politics, and it was here that was first conspicuously advocated the free-trade agitation in England which triumphed in the repeal of the Corn Laws, so as to admit food free of duty for the operatives, and in the Reform bill that changed the representation in Parliament.
That an ``upstart'' a ``mere school-teacher'' should presume to reply to a man like himself, who had sat at the feet of Henry Clay, and was old enough to be my father, was monstrous presumption; but that a professor in the State university of a commonwealth largely Republican should avow free-trade opinions was akin to treason, and through twelve successive issues of his paper he lashed me in all the moods and tenses.
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