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beneficial　to　the　prosperity　of　the　nation　so　far　as　it　corresponds



with　the　degree　of　the　nation's　industrial　development。　Every



exaggeration　of　protection　is　detrimental；　nations　can　only　obtain



a　perfect　manufacturing　power　by　degrees。　On　that　account　also；　two



nations　which　stand　at　different　stages　of　industrial　cultivation；



can　with　mutual　benefit　make　reciprocal　concessions　by　treaty　in



respect　to　the　exchange　of　their　various　manufacturing　products。



The　less　advanced　nation　can；　while　it　is　not　yet　able　to　produce



for　itself　with　profit　finer　manufactured　goods；　such　as　fine



cotton　and　silk　fabrics；　nevertheless　supply　the　further　advanced



nation　with　a　portion　of　its　requirements　of　coarser　manufactured



goods。



　　　　Such　treaties　might　be　still　more　allowable　and　beneficial



between　nations　which　stand　at　about　the　same　degree　of　industrial



development；　between　which；　therefore；　competition　is　not



overwhelming；　destructive；　or　repressive；　nor　tending　to　give　a



monopoly　of　everything　to　one　side；　but　merely　acts；　as　competition



in　the　inland　trade　does；　as　an　incentive　to　mutual　emulation；



perfection；　and　cheapening　of　production。　This　is　the　case　with



most　of　the　Continental　nations。　France；　Austria；　and　the　German



Zollverein　might；　for　instance；　anticipate　only　very　prosperous



effects　from　moderately　low　reciprocal　protective　duties。　Also；



between　these　countries　and　Russia　mutual　concessions　could　be　made



to　the　advantage　of　all　sides。　What　they　all　have　to　fear　at　this



time　is　solely　the　preponderating　competition　of　England。



　　　　Thus　it　appears　also　from　this　point　of　view；　that　the



supremacy　of　that　island　in　manufactures；　in　trade；　in　navigation；



and　in　her　colonial　empire；　constitutes　the　greatest　existing



impediment　to　all　nations　drawing　nearer　to　one　another；　although



it　must　be　at　the　same　time　admitted　that　England；　in　striving　for



this　supremacy；　has　immeasurably　increased；　and　is　still　daily



increasing；　the　productive　power　of　the　entire　human　race。









End