Miscellanies, Chiefly Addresses, Academical And Historical

Cover Miscellanies, Chiefly Addresses, Academical And Historical
Miscellanies, Chiefly Addresses, Academical And Historical
Newman Francis William
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The traders who urged their suit were not unacquainted with political economy and the doctrine of Laissez- faire; but they pleaded that it had its limits, — that there were things which no private persons could do ; that obstacles created by Government, only Government could remove ; and that when a trade overspread a great area, involving the fortunes of an entire population, its failure would be a public calamity, to say nothing 300 GUroANCE OR ANARCHY ?
of the prospects to the Exchequer. The
... Manchester Chamber of Commerce did what it could by sending agents of its own to India, in hope of promoting the growth and exportation of Indian cotton to England ; but the impediments from want of road or watercarriage, with the peculiarities of Indian taxation which dis- inclined English capitalists to risk at once their fortunes against incalculable elements and their lives against the climate, — ^besides the fixed habits of the natives, — ^made progress very slow. The enormous danger of depending on slave culture was well under- stood.

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