"
"They should render distant consumers subject to their laws, in order
to dispose of them in favor of national labor."
The first of these formulas is termed _protection_; the latter,
_expediency_.
Both rest on the principle called Balance of Trade; the formula of
which is:
"A people impoverishes itself when it imports, and enriches itself
when it exports."
Of course, if every foreign purchase is a tribute paid, a loss, it is
perfectly evident we must restrain, even prohibit, importations.
And if all foreign sales are tribute received, profit, it is quite
natural to create channels of outlet, even by force.
Protective System--Colonial System: two aspects of the same theory. To
_hinder_ our fellow-citizens purchasing of foreigners, _to force_
foreigners to purchase from our fellow-citizens, are merely two
consequences of one identical principle. Now, it is impossible not to
recognize that according to this doctrine, general utility rests on
_monopoly_, or interior spoliation, and on _conquest_, or exterior
spoliation.
Let us enter one of the cabins among the Adirondacks.
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