254 POLITICAL ACTIVITY. 



should not have been re-elected if I had', stood again. 

 For the rest the prohibition has worked well, although 

 unfortunately it has not been carried out in all its 

 strictness. Since then in that old and famous seat of 

 industry, as in general throughout Germany a manu- 

 facturing pride has grown up, which only permits 

 the supply of articles of good quality, and it has 

 also come to be seen in many ways, that a more 

 effective protection is afforded by the good name 

 of the manufacturers of a country than by high pro- 

 tective duties. 



An effective system of protection , securing the 

 consumption of the produce of native industry, can in 

 fact only be consistently carried out, if the country, 

 as e. g. the Uniteds States of North America, includes 

 all climates, and itself produces all the raw materials 

 which its industry needs. Such a country can exclude 

 all imports, but thereby at the same time diminishes 

 its own exports. It must be regarded as a fortunate 

 circumstance for Europe that America by its prohibi- 

 tively protective system has checked the rapid, and for 

 us dangerous, development of its industrial resources, 

 and restricted its own exporting power. Europe, 

 divided by high tariff barriers, thereby gains time to 

 perceive the danger of its situation, which will make 

 competition with a free -trading America in the world's 

 market impossible, if it does not in good time present 

 a united front by a thorough mercantile organization. 

 The contest of the old with the new world in all 

 departments of life will in all likelihood be the 



