I can conceive it is a possible theory that we might be even richer if we became simply a distributive Empire, a home for millionaires and for their dependents, with no productive industry whatever, no one who would come under our present description of working men, that is to say, a man who labours at some definitive trade or industry for himself. I can conceive that it might be possible that there should be even more cheques passing through the Clearing-house than there are now; that the returns of income-tax would be larger. A single millionaire might increase the returns from income-tax more than they would be diminished by the destruction of a whole industry of Birmingham. But, for reasons of difference in national character and position (hear, hear), you may be richer, but not greater. (Hear, hear). You may sink to a position which I do not like to contemplate, and yet all these official statistics might show you a constant tale of progress and increasing wealth.

What Washington did for the United States of America, when he made what is in itself a self-contained and self-sufficient empire of some 80 millions of souls, what Bismarck did for Germany when he united between 50 and 60 millions of people, that it is our business and duty to do for the British Empire.

What is the good, I ask, in the name of common sense, of prohibiting sweating in this country if you allow sweated goods to come in from foreign countries? If you insist on limitation, of hours and upon precautions for security, bear in mind all these things add to the cost of production, to the difficulties of the manufacturer in selling his goods, and unless you give him some increased price, some increased advantage in compensation, then he cannot carry on competition any longer. All these conditions in the long run will result not to your advantage, for you will have no work to do, but to the advantage of the foreigner, who is not so scrupulous and who conducts his work without any of these conditions... If protected labour is good, and I think in many ways it is...then it is good to protect the results of labour, and you cannot do one without the other.

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It is absolutely impossible to reconcile free trade with trade unionism. You can have one or you can have the other, but you cannot have both; and I am glad to say that in saying that I have the support of a trade unionist with whom I have disagreed upon almost every other question, Mr. Keir Hardie... [I]t is not only the consumer you have got to consider. The producer is of still more importance; and to buy in the cheapest market is not the sole duty of man, and it is not in the best interest of the working classes.

What is the whole problem as it effects the working classes of this country? It is all contained in one word—employment. Cheap food, a higher standard of living, higher wages—all these things, important as they are, are contained in the word employment. If this policy will give you more employment, all the others would be added unto you. If you lose your employment, all the others put together will not compensate you for that loss.

Lord Goschen tells you that France only takes 2 per cent. of its corn from abroad, that it is self-sufficient, and that Germany only takes 30 per cent., whereas, he says, we take four-fifths. That is not a comforting reflection...it is not a comforting reflection to think that we, a part of the British Empire that might be self-sufficient and self-contained, are, nevertheless, dependent, according to Lord Goschen, for four-fifths of our supplies upon foreign countries, any one of which, by shutting their doors upon us, might reduce us to a state of almost absolute starvation... [T]he working man has to fear the result of a shortage of supplies and of a consequent monopoly. If in time of war one of the great countries, Russia, Germany, France, or the United States of America, were to cut off its supply, it would infallibly raise the price according to the quantity which we received from that country. If there were no war, if in times of peace these countries wanted their corn for themselves, which they will do, or if there were bad harvests, which there may be in either of these cases, you will find the price of corn rising many times higher than any tax I have ever suggested. And there is only one remedy for it. There is only one remedy for a short supply. It is to increase your sources of supply. You must call in the new world, the Colonies, to redress the balance of the old. Call in the Colonies, and they will answer to your call with very little stimulus or encouragement. They will give you a supply which will be never failing and all sufficient.

When I was in South Africa nothing was more inspiring, nothing more encouraging, to a Briton to find how the men who had either themselves come from its shore or were the descendants of those who had still retained the old traditions, still remembered that their forefathers were buried in its churchyards, that they spoke a common language, that they were under a common flag, still in their hearts desired to be remembered above all as British subjects, equally entitled with us to a part in the great Empire which they, as well as us, have contributed to make...I did not hesitate, however, to preach to them that it was not enough to shout for Empire...but that they and we alike must be content to make a common sacrifice...in order to secure the common good. To my appeal they rose. And I cannot believe that here in this country, in the mother country, their enthusiasm will not find an echo. They felt, as I felt, and as you feel, that all history is the history of States once powerful and now decaying. Is Britain to be numbered among the decaying States? Has all the glory of the past to be forgotten? Have we to prove ourselves unregenerate sons of the forefathers who left us so glorious an inheritance? Are we to be a decaying State? Are the efforts of all our sons to be frittered away? Are their sacrifices to be vain? Or are we to take up a new youth as members of a great Empire which will continue for generation after generation, the strength, the power, and the glory of the British race?

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The Colonies are no longer in their infancy. They are growing rapidly to a vigorous manhood. Now is the time—the last time—that you can bind them closer to you. If now you disregard their aspirations and wishes, if when they make you an offer not specially in their interests but in the interests of the Empire of which we are all a portion—if when they make you this offer you reject it or treat it with scorn you may do an injury which will be irreparable, and, whatever you yourselves may feel in after life, be sure that your descendants will scorn and denounce the cowardly and selfish policy which you will have pursued.

Free imports have destroyed this industry, at all events for the time, and it is not easy to recover an industry when it has once been lost... They have destroyed agriculture... Agriculture as the greatest of all trades and industries of this country has been practically destroyed. Sugar has gone, silk has gone, iron is threatened, wool is threatened, cotton will go! How long are you going to stand it? At the present moment these industries, and the working men who depend upon them, are like sheep in a field. One by one they allow themselves to be led out to slaughter, and there is no combination, no apparent prevision of what is in store for the rest of them. Do you think, if you belong at present to a prosperous industry, that your industry will be allowed to continue? Do you think that the same causes which have destroyed some of our industries, and which are in the course of destroying others, will not be equally applicable to you when your turn comes?

Greenock was one of the great centres of the sugar trade... Then came foreign competition, aided by bounties; and your trade declines so seriously that only the very best, the very richest, the most enterprising, the most inventive can possibly retain their hold upon it. If there had been no bounties and no unfair competition of this kind what would have happened? In the last 20 or 30 years the consumption of sugar throughout the world has increased enormously. The consumption in this country has increased enormously; and you would have had your share...if normal conditions and equal fairness had prevailed; and at this moment in Greenock, quite independently of the other industries you may have found to occupy you, there would have been in sugar alone ten times as many men employed as there were in the most palmy days of the trade. But normal conditions have not obtained. You have been the sufferers; and, as I have said, a great number of your refineries have been closed, have disappeared altogether. The capital invested in them has been lost, and the workmen who work in them—what has become of them?

Now the Cobden Club all this time rubs its hands in the most patriotic spirit and says, "Ah, yes; but how cheap you are buying." Yes, but think how that effects different classes in the community. Take the capitalist... His interest is to buy in the cheapest market, because he does not produce, but can get every article he consumes. He need not buy a single article in this country; he need not make a single article. He can invest his money in foreign countries and live upon the interest, and then in the returns of the prosperity of the country it will be said that the country is growing richer because he is growing richer. What about the working men? What about the class that depends upon having work in order to earn wages or subsistence at all? They cannot do without the work; and yet the work will go if it is not produced in this country. This is the state of things which I am protesting.

If you allow this state of things to go on, what will follow? If these foreign goods come in cheaper, one of two things must follow. Either you will have to give up the conditions you have gained, either you will have to abolish and repeal the fair-wages clause of our Factory Acts, and the compensation to workmen, and either you will have to take lower wages, or you will lose work. You cannot keep your work at this higher standard of living and pay if at the same time you allow foreigners at a lower standard and lower rate of pay to send their goods freely in competition with yours.

We, in a spirit of humanity of which I entirely approve, have passed legislation—to which I may say I have without boasting myself contributed very largely—to raise the standard of living amongst our working people, to secure to them higher wages, to save them from the competition of men of a lower social scale. We have surrounded them with regulations which are intended to provide for their safety. We have secured them, or the majority of them, against the pecuniary loss which would follow upon accidents incurred in the course of their employment. There is not one of those things which I have not supported... But they have all entailed expense, they have all raised the cost of production; and what can be more illogical than to raise the cost of production in this country in order to promote the welfare of the working classes, and then to allow the products of other countries—which are not surrounded by any similar legislation, which are free from all similar cost and expenditure—to allow them freely to bring each country in competition with our goods, which are hampered in the struggle?