Both treaties will also very injuriously affect the interests of the fishermen of Newfoundland, who among the Catholic population of Brazil and the territories of Spain seek the principal market for that dried fish, the sale of which, until improved fish trade and other mercantile relations are established with England, as they might easily be, constitutes their principal means of existence.
A like treaty has been concluded with San Domingo, and others are in active negotiation.
The vaunted object is "the breaking up piece-meal of British foreign trade," and whether or no it obtains that aim, the untoward influence these treaties, placing American trade upon a preferential basis, are calculated to exert in that direction, is not, I fear, a circumstance well calculated to induce the masses of the American people, in their present frame of mind, very speedily to destroy the instrument.
Effect of British Inaction.
28.—It is a paramount duty to direct the attention of the Sheffield Chamber of Manufacture, as a body representative of the commercial and industrial community of Great Britain and Ireland, to this practical aspect of the present situation, lest buoyed up by a vain hope that the markets of the United States will be thrown open, England allows all opportunity to pass of following the example of America and Central Europe in establishing preferential trading relations on mutually advantageous terms. A commercial union richer in its prospects than any attainable by whatever phalanx of foreign nations, lies now, but not for much longer, ready to her hand—that of the British Empire, of a fifth of the entire world, peopled or fostered by her own people, capitalized by her own capital.
Inaction much longer maintained on the part of the mother country will be ascribed by the energetic minds of Greater Britain to callous indifference to Imperial responsibilities, and can have no other effect than to expose Canada, Newfoundland, the West Indies, British Guiana and British Honduras, aggregating not much short of half the area of the Empire, and not impossibly other Colonies, to the temptation of entering instead into commercial alliance with the United States, involving discrimination in favour of foreigners against the British flag, which even the loyalty of the most loyal Colonial subjects of her Majesty the Queen may not, with due regard to their material interests, be able to resist.
American Pioneers of Commerce.
29.—But in any event I must note the amazing energy and push shown by American business houses. On every journey in nearly every quarter of the globe you meet their representatives, who lose no opportunity of skilfully advancing American trade; and while Germany, backed by a vigilant Government, is following closely in the same direction with astonishing results, the reports of her Majesty's Consular officers agree in declaring that the appearance of an English commercial traveller becomes more and more rare.
Boards of Trade.
30.—American Boards of Trade, corresponding to our Chambers of Commerce, are also very active organizations, sparing neither expense nor trouble.