On Financial Reform

Voorkant
J. Murray, 1830 - 294 pagina's
 

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Pagina 75 - That a policy founded on these principles would render the commerce of the world an interchange of mutual advantages, and diffuse an increase of wealth and enjoyments among the inhabitants of each state. That, unfortunately, a policy the very reverse of this has been, and is, more or less, adopted and acted upon by the government of this and...
Pagina 213 - With respect to Canada, (including our other possessions on the continent of North America,) no case can be made out to shew that we should not have every commercial advantage we are supposed now to have, if it were made an independent state. Neither our manufactures, foreign commerce, nor shipping, would be injured by such a measure.
Pagina 11 - ... immense expenditure of the English government during the last twenty years, there can be little doubt but that the increased production on the part of the people has more than compensated for it. The national capital has not merely been unimpaired, it has been greatly increased, and the annual revenue of the people, even after the payment of their taxes, is probably greater at the present time than at any former period of our history.
Pagina 78 - That although, as a matter of mere diplomacy, it may sometimes answer to hold out the removal of particular prohibitions, or high duties, as depending upon corresponding concessions by other states in our favour, it does not follow that we should maintain our restrictions, in cases where the desired concessions on their part cannot be obtained. Our restrictions would not be the less prejudicial to our own capital and industry, because other governments persisted in preserving impolitic regulations.
Pagina 75 - That the prevailing prejudices in favour of the protective or restrictive system may be traced to the erroneous supposition that every importation of foreign commodities occasions a diminution or discouragement of our own production to the same extent...
Pagina 75 - ... yet as no importation could be continued for any length of time without a corresponding exportation, direct or indirect, there would be an encouragement for the purpose of that exportation of some other production to which our situation might be better suited; thus affording at least an equal, and probably a greater, and certainly a more beneficial, employment to our own capital and labour.
Pagina 75 - ... every other country ; each trying to exclude the productions of other countries, with the specious and well-meant design of encouraging its own productions ; thus inflicting on the bulk of its subjects, who are consumers, the necessity of submitting to privations in the quantity or quality of commodities, and thus rendering, what ought to be the source of mutual benefit and of harmony among States, a constantly recurring occasion of jealousy and hostility...
Pagina 214 - Among the primary and most important causes which influence the wealth of nations, must unquestionably be placed, those which come under the head of politics and morals. Security of property, without a certain degree of which, there can be no encouragement to individual industry, depends mainly upon the political constitution of a country, the excellence of its laws and the manner in which they are administered.
Pagina 104 - If right principles were referred to, they would suggest that taxation is the price we pay for government ; and that every particle of expense that is incurred beyond what necessity absolutely requires for the preservation of social order, and for protection against foreign attack, is waste, and an unjust and oppressive imposition upon the public.
Pagina 208 - ... than it is on capital employed at home. When capital is employed in the United Kingdom — for instance, on manufactures — it pays wages to English workmen instead of buying clothes and food for slaves; it employs agents, clerks, and managers; it employs ships and sailors to import raw materials, and to export the finished goods, and the rate of net profit on it is full as high as that on capital employed in the colonies. The incomes derived by West India proprietors from their profits are...

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