[From a Speech in the House, April 1, 1870.]
As an abstract theory of political economy free-trade has many advocates, and much can be said in its favor; nor will it be denied that the scholarship of modern times is largely on that side; that a large majority of the great thinkers of the present day are leading in the direction of what is called free-trade.
While this is true, it is equally undeniable that the principle of protection has always been recognized and adopted in some form or another by all nations, and is to-day, to a greater or less extent, the policy of every civilized government....
Protection, in its practical meaning, is that provident care for the industry and development of our own country which will give our own people an equal chance in the pursuit of wealth, and save us from the calamity of being dependent upon other nations with whom we may any day be at war.
In so far as the doctrine of free-trade is a protest against the old system of oppression and prohibition, it is a healthy and worthy sentiment. But underlying all theories, there is a strong and deep conviction in the minds of a great majority of our people in favor of protecting American industry....