211 



<cent war- 



However, should anything in tin- way <>;' ; j cJH 

 .of policy in regard to the freedom of the seas result. 

 or should any other nation eventually reach a position 

 to challenge thr supremacy of England's fleet and 

 <hou)d the dominating ))ositioii of controlling the sea 

 be lost to England, then there must be an end to Free 

 trade in wheat in England. 



Our prosperity, so much as it depends on the ex- 

 portation of wheat to England, is bound up with the 

 supremacy of England on the seas. As things stand 

 .^at present we stand and fall with England. 



The theory of Adam Smith was that a country 

 would be, in a sounder economic position if its capital 

 were employed at home in developing natural resources, 

 than in building up a foreign trade by stimulating na- 

 tive industry elsewhere. 



FREE TRADE versus PROTECTION. 



"While the agitation over the advisability of main- 

 taining taxes on foreign imports of wheat has lasted 

 it has seriously affected those countries relying on Eng- 

 land as a client for their surplus produce. 



Curiously it was to a similar attempts to impede 

 the introduction of foreign grown cereals, aftei* the Na- 

 poleonic wars, which so seriously affected the then 

 sources of supply (the Baltic Provinces, Northern Bus- 

 sia, and Prussia), that led to the elementary basis 

 being laid for various of the co-operative associations 

 whose names are now familiar, to the germs of the ele- 

 mentary Schulze-Delitche and Raffeise co-operati\e ef- 

 forts, and to the establishing of warehousing ss one of 

 the fundamentals of cereal growing for export. A 

 study of the attempts of the then statesmen, of 1819, 

 demonstrates how eternally the same problems are pre- 

 sented for elucidation by the men at the helm of the 

 :ship of State. 



ENGLAND MUST IMPORT CEREALS OR 

 CHANGE HER SYSTEM. 



We have, however, the assurance that MO matter 

 how energetic the steps taken to induce the State to 

 favour home products, unless England become*? de- 

 populated to the extent approximately of 75 per ^ent. 

 she will have to continue importing cereal stuffs. 



The only effect, then, which England will have 



