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Editorial September 14, 1829

Daily Richmond Whig

Richmond, Virginia

What is this article about?

The editorial quotes a British article criticizing reliance on foreign food supplies as hazardous, then argues against free trade by noting Britain's protection of agriculture through corn laws and high prices, urging the US to similarly protect its own industries and agriculture rather than buying cheap British goods without means to pay.

Clipping

OCR Quality

98% Excellent

Full Text

Sound Reasoning.-In an article in Bell's Weekly Messenger on the "Distress arising from the restricted circulation of the country," we find the following passage. "The reliance on other countries for food is the most hazardous state of dependence in which a nation can be placed; it is the phrenzy of the political economists, and the maxim of those who without any regard to country or to any civil institutions, think all good to be summed up in buying cheap and selling dear."

We are repeatedly told by the friends of free-trade, that our restrictive policy prevents Great Britain from taking from us our bread-stuffs. But the fallacy is sufficiently exposed, when we find efforts made on all hands to preserve the English corn laws, and to sustain a state of currency favorable to high prices. Great Britain does not want our corn, and will take it only in times of scarcity. She protects her home industry-her agriculture. And shall we do less? What would be the object to Great Britain of buying corn cheap, if her agriculturists were to be starved and ruined? And we may ask, what object is there in this country in purchasing British manufactures dog cheap, if we have not the money with which to pay for them?

What sub-type of article is it?

Economic Policy Trade Or Commerce Agriculture

What keywords are associated?

Free Trade Critique Corn Laws Agricultural Protection Protectionism British Agriculture Us Trade Policy Economic Dependence

What entities or persons were involved?

Great Britain Bell's Weekly Messenger Political Economists Friends Of Free Trade English Corn Laws

Editorial Details

Primary Topic

Defense Of Protectionism Against Free Trade

Stance / Tone

Supportive Of Agricultural Protection And Restrictive Trade Policies

Key Figures

Great Britain Bell's Weekly Messenger Political Economists Friends Of Free Trade English Corn Laws

Key Arguments

Reliance On Foreign Food Is Hazardous Dependence Free Trade Maxim Of Buying Cheap And Selling Dear Ignores National Interests Britain Protects Agriculture Via Corn Laws And High Prices Us Restrictive Policy Does Not Hinder British Imports Of Us Bread Stuffs Britain Buys Us Corn Only In Scarcity Us Should Protect Its Own Agriculture And Industries Like Britain Does Buying Cheap British Manufactures Is Pointless Without Money To Pay

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