“Why, look at this,” said Thornberry. “I had been driving a capital trade with the States for nearly five years. I began with nothing, as you know. I had paid off all my borrowed capital; my works were my own, and this house is a freehold. A year ago I sent to my correspondent at New York the largest consignment of goods I had ever made and the best, and I cannot get the slightest return for them. My correspondent writes to me that there is no end of corn and bread-stuffs which he could send, if we could only receive them; but he knows very well he might as well try and send them to the moon. The people here are starving and want these bread-stuffs, and they are ready to pay for them by the products of their labour—and your blessed laws prevent them!”
“But these laws did not prevent your carrying on a thriving trade with America for five years, according to your own account,” said Endymion. “I do not question what you say; I am asking only for information.”
“What you say is fairly said, and it has been said before,” replied Thornberry; “but there is nothing in it. We had a trade, and a thriving trade, with the States; though, to be sure, it was always fitful and ought to have been ten times as much, even during those five years. But the fact is, the state of affairs in America was then exceptional. They were embarked in great public works in which every one was investing his capital; shares and stocks abounded, and they paid us for our goods with them.”
“Then it would rather seem that they have no capital now to spare to purchase our goods?”
“Not so,” said Thornberry sharply, “as I have shown; but were it so, it does not affect my principle. If there were free exchange, we should find employment and compensation in other countries, even if the States were logged, which I don’t believe thirty millions of people with boundless territory ever can be.”
“But after all,” said Endymion, “America is as little in favour of free exchange as we are. She may send us her bread-stuffs; but her laws will not admit our goods, except on the payment of enormous duties.”
“Pish!” said Thornberry; “I do not care this for their enormous duties. Let me have free imports, and I will soon settle their duties.”
“To fight hostile tariffs with free imports,” said Endymion; “is not that fighting against odds?”
“Not a bit. This country has nothing to do but to consider its imports. Foreigners will not give us their products for nothing; but as for their tariffs, if we were wise men, and looked to our real interests, their hostile tariffs, as you call them, would soon be falling down like an old wall.”
“Well, I confess,” said Endymion, “I have for some time thought the principle of free exchange was a sound one; but its application in a country like this would be very difficult, and require, I should think, great prudence and moderation.”