Let us suppose again that to-morrow every barrier to the introduction of foreign goods should be removed.
Then, to judge of the effect of such a reform, let a new inventory be made three months hence.
Is it not certain that at the time of the second inventory, the quantity of grain, cattle, goods, iron, coal, sugar, etc., will be greater than at the first?
So true is this, that the sole object of our protective tariffs is to prevent such articles from reaching us, to diminish the supply, to prevent low prices, or which is the same thing, the abundance of goods.
Now I ask, are the people under the action of these laws better fed because there is less bread, less meat, and less sugar in the country? Are they better dressed because there are fewer goods? Better warmed because there is less coal? Or do they prosper better in their labor because iron, copper, tools and machinery are scarce?
But, it is answered, if we are inundated with foreign goods and produce, our coin will leave the country.
Well, and what matters that? Man is not fed with coin. He does not dress in gold, nor warm himself with silver. What difference does it make whether there be more or less coin in the country, provided there be more bread in the cupboard, more meat in the larder, more clothing in the press, and more wood in the cellar?
To Restrictive Laws, I offer this dilemma:
Either you allow that you produce scarcity, or you do not allow it.