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The Pamphlet Collection of Sir Robert Stout: Volume 56

What Does Reciprocity-Protection Propose To Do?

What Does Reciprocity-Protection Propose To Do?

It Proposes
1.To put Import Duties on Foreign Goods, which would make all of you who consume such goods pay dearer for them.
2.To thereby Diminish the Quantity that will be imported of such Goods, and therefore to diminish the Quantity of our staple articles that we now send abroad to pay for the same. For Goods are paid for in Goods, and Imports and Exports rise and fall together.
3.To throw out of Employment a number of Working Men now engaged in producing those staple articles. For if you Export less you must Manufacture less.
4.To Diminish our Foreign Trade in order to punish the Foreigners for not increasing it. For if we both Import and Export less there will be fewer Ships, fewer Seamen, fewer Docks, and fewer Labourers of all kinds wanted.
5.To imitate the very Policy which we condemn in Foreigners; and instead of going on exchanging our Cheap Goods for their Cheap Goods, to leave off taking the latter, and, as a necessary consequence, to leave off making the former.
6.To do a foolish thing because other Countries will not do a wise one.