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THREE:In 1823 we behold the starting-point of the liberal system of commercial policy, for which not only England, but all the world, is so much indebted��the rivulet which gradually expanded into a mighty river bearing incalculable blessings upon its bosom to every nation under heaven. The appointment of Mr. Huskisson as a member of the Government was an immense advantage to the nation. He was a man of great abilities, which he had perseveringly devoted to the study of political economy. He was a complete master of all subjects in which statistics were involved, and was universally looked up to as the highest authority on all financial and commercial questions. As President of the Board of Trade he had ample opportunities of turning his knowledge to account, and to him is mainly due the initiation and direction of the course of commercial policy which a quarter of a century later issued in the complete triumph of Free Trade. Mr. Huskisson was not only intimately acquainted with the whole range of economic, financial, and mercantile subjects, in their details as well as in their principles, he was also a powerful debater, a sound reasoner, and was animated in all he did by a spirit of generous philanthropy. At the same time it is only just to point out that he did but carry out the policy of Mr. Wallace, the Vice-President of the Board of Trade, a statesman whose name is almost forgotten.The West India interest in the City held great meetings, and instructed their Parliamentary representatives for the coming contest. The Free Traders argued that the Government proposition was simply that the West India proprietors should receive 10s. per cwt. more for the sugar they sent here than the growers in any other part of the world could get. This was equivalent to a tax of ��2,000,000 upon the people of Britain, because the West India landlords were alleged to be in distress, and could not cultivate their estates. It was, indeed, the old question of protection for the landed interest on the ground of peculiar burdens. The white population of the West Indies amounted only to about a tenth of the whole; and it was admitted that the free coloured people, forming the bulk of the community, had no interest in the proposed monopoly. Moreover, it had been shown by repeated experiment that these differential duties always defeated their own objects. The slave-grown sugar was simply exported first to the free country, and then to Britain��the British people paying in the enhanced cost of the article all the cost of this circuitous mode of supply.

FORE:The Free Trade journals did not fail to observe that what they called "this remarkable lecture on Free Trade, Protection, and smuggling, delivered from the Tory Treasury bench," was wound up by the avowal that the principles of Free Trade were now beyond a question, and that the rule to buy in the cheapest market and sell in the dearest was[490] the only valid theory of commerce. In the House some opposition was offered to the reduction of duties on pigs, apples, butter, fish, and other articles; but the Government proposals were affirmed by large majorities, except in the case of apples, which were made to pay 6d. in the bushel. The Opposition, however, raised the old question of the sugar duties, which had been omitted from the list of changes; but the Chancellor of the Exchequer declined to give way, and the Tariff Bill passed the Commons on the 28th of June. It was fiercely debated in the Upper House, but the Whigs did not carry any material amendments. FORE: