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Few Months in America: Containing Remarks on Some of Its Industrial and Commercial Interests (Classic Reprint)

James Robertson

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Excerpt from Few Months in America: Containing Remarks on Some of Its Industrial and Commercial Interests
With longer experience, and with more information, those opinions were much modified. The country is not so rich as it seems to be at first sight, though its wealth is more equally diffused than in England, and is much more freely expended.
I would here venture to make a remark which more properly should have formed a part of the text. The New Englanders - the Yankees, properly so called - are essentially a commercial people. Their natural inclinations lead them to trade - to manufacture - to drive a bargain - to speculate. To secure a field for the exercise of this their peculiar talent, they have encouraged, and succeeded in establishing, an illiberal commercial policy throughout the Union, under favour of which, undertakings of various kinds have thriven that otherwise would not have existed for many months. By means of protection, undertakings have been fostered that are a tax upon the community; and their profits have been made at the expense of the nation. Hence, capital has been diverted to unnatural channels, and the average rate of profit has been diminished throughout the Union.
On this account, the New England States, to some extent Pennsylvania, and part of Louisiana may be said to be burdens on the industry of the other states in the Union, and to prosper at their expense. Were the other states to inaugurate a more liberal policy, and to introduce the principles of Free Trade, I venture to believe that in a few years the population of the New England States would be considerably diminished, and that in the meantime, emigration would go on towards the West as actively as it has done in recent years from Ireland.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Language: English

Pages: 250

Format: Paperback

Release: September 27, 2015

ISBN 13: 9781330448410

Few Months in America: Containing Remarks on Some of Its Industrial and Commercial Interests (Classic Reprint)

James Robertson

0/5 ( ratings)

Excerpt from Few Months in America: Containing Remarks on Some of Its Industrial and Commercial Interests
With longer experience, and with more information, those opinions were much modified. The country is not so rich as it seems to be at first sight, though its wealth is more equally diffused than in England, and is much more freely expended.
I would here venture to make a remark which more properly should have formed a part of the text. The New Englanders - the Yankees, properly so called - are essentially a commercial people. Their natural inclinations lead them to trade - to manufacture - to drive a bargain - to speculate. To secure a field for the exercise of this their peculiar talent, they have encouraged, and succeeded in establishing, an illiberal commercial policy throughout the Union, under favour of which, undertakings of various kinds have thriven that otherwise would not have existed for many months. By means of protection, undertakings have been fostered that are a tax upon the community; and their profits have been made at the expense of the nation. Hence, capital has been diverted to unnatural channels, and the average rate of profit has been diminished throughout the Union.
On this account, the New England States, to some extent Pennsylvania, and part of Louisiana may be said to be burdens on the industry of the other states in the Union, and to prosper at their expense. Were the other states to inaugurate a more liberal policy, and to introduce the principles of Free Trade, I venture to believe that in a few years the population of the New England States would be considerably diminished, and that in the meantime, emigration would go on towards the West as actively as it has done in recent years from Ireland.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Language: English

Pages: 250

Format: Paperback

Release: September 27, 2015

ISBN 13: 9781330448410

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