The Slave Trade, Domestic and Foreign / Why It Exists, and How It May Be Extinguished

by Henry Charles Carey

"According to the natural course of things," says Dr. Smith, "the greater part of the capital of every growing society is, first, directed to agriculture, afterward to manufactures, and, last of all, to foreign commerce."

This, says he, is in accordance with natural laws. As subsistence precedes luxuries, so must the production, of commodities precede their conversion or their exchange.

"Necessity imposes," he continues, "that order of things" which "is in every country promoted by the natural inclinations of man. If human institutions had never thwarted those natural inclinations, the towns could nowhere have increased beyond what the improvement and cultivation of the territory in which they were situated could support; till such time, at least, as the whole of that territory was completely cultivated and improved. Upon equal, or nearly equal profits, most men will choose to employ their capitals rather in the improvement and cultivation of land, than either in manufactures or in foreign trade. The man who employs his capital in land, has it more under his view and command; and his fortune is much less liable to accidents than that of the trader, who is obliged frequently to commit it, not only to the winds and the waves, but to the more uncertain elements of human folly and injustice, by giving great credits, in distant countries, to men with whose character and situation he can seldom be thoroughly acquainted. The capital of the landlord, on the contrary, which is fixed in the improvement of his land, seems to be as well secured as the nature of human affairs can admit of. The beauty of the country, besides the pleasures of a country life, the tranquillity of mind which it promises, and, wherever the injustice of human laws does not disturb it, the independency which it really affords, have charms that, more or less, attract everybody; and as to cultivate the ground was the original destination of man, so, in every stage of his existence, he seems to retain a predilection for this primitive employment.

"Without the assistance of some artificers, indeed, the cultivation of land cannot be carried on, but with great inconveniency and continual interruption. Smiths, carpenters, wheelwrights and ploughwrights, masons and bricklayers, tanners, shoemakers, and tailors, are people whose service the farmer has frequent occasion for. Such artificers, too, stand occasionally in need of the assistance of one another; and as their residence is not, like that of the farmer, necessarily tied down to a precise spot, they naturally settle in the neighbourhood of one another, and thus form a small town or village. The butcher, the brewer, and the baker soon join them, together with many other artificers and retailers, necessary or useful for supplying their occasional wants, and who contribute still further to augment the town. The inhabitants of the town and those of the country are mutually the servants of one another. The town is a continual fair or market, to which the inhabitants of the country resort, in order to exchange their rude for manufactured produce. It is this commerce which supplies the inhabitants of the town, both with the materials of their work and the means of their subsistence. The quantity of the finished work which they sell to the inhabitants of the country, necessarily regulates the quantity of the materials and provisions which they buy. Neither their employment nor subsistence, therefore, can augment, but in proportion to the augmentation of the demand from the country for finished work; and this demand can augment only in proportion to the extension of improvement and cultivation. Had human institutions, therefore, never disturbed the natural course of things, the progressive wealth and increase of the towns would, in every political society, be consequential, and in proportion to the improvement and cultivation of the territory or country."

The demand on the artisan "can augment only in proportion to the extension of improvement and cultivation." Nothing can be more true. The interests of the farmer and the mechanic are in perfect harmony with each other. The one needs a market for his products, and the nearer the market the greater must be the produce of his land, because of his increased power to carry back to it the manure. The other needs a market for his labour, and the richer the land around him the greater will be the quantity of products to be offered in exchange for labour, and the greater his freedom to determine for himself for whom he will work and what shall be his wages. The combination of effort between the labourer in the workshop and the labourer on the farm thus gives value to land, and the more rapid the growth of the value of land the greater has everywhere been the tendency to the freedom of man.

These views were opposed to those then universally prevalent.
"England's treasure in foreign trade" had become

"A fundamental maxim in the political economy, not of England only, but of all other commercial countries. The inland or home trade, the most important of all, the trade in which an equal capital affords the greatest revenue, and creates the greatest employment to the people of the country, was considered as subsidiary only to foreign trade. It neither brought money into the country, it was said, nor carried any out of it. The country, therefore, could never become richer or poorer by means of it, except as far as its prosperity or decay might indirectly influence the state of foreign trade."

It was against this error chiefly that Dr. Smith cautioned his countrymen. He showed that it had led, and was leading, to measures tending to disturb the natural course of things in all the countries connected with England, and to produce among them a necessity, for trade while diminishing the power to maintain trade. "Whatever tends," says he, "to diminish in any country the number of artificers and manufacturers, tends to diminish the home market, the most important of all markets, for the rude produce of the land, and thereby still further to discourage agriculture," and consequently to diminish the power of producing things with which to trade. He nowhere refers to the fact that any system which looks to compelling a nation to export raw produce, tends necessarily to the impoverishment of the land and its owner, and to the diminution, of the freedom of the labourer, and yet that such was the case could scarcely have escaped his observation. The tendency of the then existing English policy was, as he showed, to produce in various countries a necessity for exporting every thing in its rudest form, thus increasing the cost of transportation, while impoverishing the land and exhausting the people. The legislature had been, he said, "prevailed upon" to prevent the establishment of manufactures in the colonies, "sometimes by high duties, and sometimes by absolute prohibitions." In Grenada, while a colony of France, every plantation had its own refinery of sugar, but on its cession to England they were all abandoned, and thus was the number of artisans diminished, to "the discouragement of agriculture." The course of proceeding relative to these colonies is thus described:—

"While Great Britain encourages in America the manufacturing of pig and bar iron, by exempting them from duties to which the like commodities are subject when imported from any other country, she imposes an absolute prohibition upon the erection of steel furnaces and slit-mills in any of her American plantations: She will not suffer her colonies to work in those more refined manufactures, even for their own consumption; but insists upon their purchasing of her merchants and manufactures all goods of this kind which they have occasion for.

"She prohibits the exportation from one province to another by water, and even the carriage by land upon horseback, or in a cart, of hats, of wools, and woollen goods, of the produce of America; a regulation which effectually prevents the establishment of any manufacture of such commodities for distant sale, and confines the industry of her colonists in this way to such coarse and household manufactures as a private family commonly makes for its own use, or for that of some of its neighbours in the same province."