I am a member of a Liberal Government. I am in association with the Liberal party. I have never swerved from what I conceived to be those truly Conservative objects and desires with which I entered life. I am, if possible, more fondly attached to the institutions of my country than I was when as a boy I wandered among the sand-hills of Seaforth or the streets of Liverpool. But experience has brought with it its lessons. I have learnt that there is wisdom in a policy of trust, and folly in a policy of mistrust. I have not refused to receive the signs of the times. I have observed the effect that has been produced by Liberal legislation, and if we are told...that all the feelings of the country are in the best and broadest sense Conservative,—that is to say, that the people value the country and the laws and institutions of the country; if we are told that, I say honesty compels us to admit that result has been brought about by Liberal legislation.

There was no instalment of Free Trade, which need be taken into our account, before 1842. ... I therefore take 1843 as the first operative year of the first instalment of Liberal legislation under what was called the new Tariff. The second instalment was the new Tariff of 1845. The third instalment was the repeal of the Corn Laws at the opening of 1849, together with the repeal of the Navigation Laws during the Parliamentary Session of that year. The fourth was the new Tariff of 1853, accompanied with the repeal of the Soap Duties and other changes. The fifth and last great instalment was granted by the Customs Act of 1860, which at length gave nearly universal effect to the following principles:
1. That neither on raw produce, nor on food, nor on manufactured goods, should any duty of a protective character be charged.
2. That the sums necessary to be levied for the purposes of revenue in the shape of Customs duty should be raised upon the smallest possible number of articles.

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There is, in fact, a great deal of resemblance between the system which prevails in Turkey and the old system of negro slavery. In some respects it is less bad than negro slavery, and in other respects a great deal worse. It is worse in this respect, that in the case of negro slavery, at any rate, it was a race of higher capacities ruling over a race of lower capacities; but in the case of this system, it is unfortunately a race of lower capacities which rules over a race of higher capacities.

It is a lamentable fact if, in the midst of our civilization, and at the close of the nineteenth century, the workhouse is all that can be offered to the industrious labourer at the end of a long and honourable life. I do not enter into the question now in detail. I do not say it is an easy one; I do not say that it will be solved in a moment; but I do say this, that until society is able to offer to the industrious labourer at the end of a long and blameless life something better than the workhouse, society will not have discharged its duties to its poorer members.

Sir, there were other days, when England was the hope of freedom. Wherever in the world a high aspiration was entertained, or a noble blow was struck, it was to England that the eyes of the oppressed were always turned—to this favourite, this darling home of so much privilege and so much happiness, where the people that had built up a noble edifice for themselves would, it was well known, be ready to do what in them lay to secure the benefit of the same inestimable boon for others. You talk to me of the established tradition and policy in regard to Turkey. I appeal to an established tradition, older, wider, nobler far—a tradition not which disregards British interests, but which teaches you to seek the promotion of those interests in obeying the dictates of honour and of justice.

I am inclined to say that the personal attendance and intervention of women in election proceedings, even apart from any suspicion of the wider objects of many of the promoters of the present movement, would be a practical evil not only of the gravest, but even of an intolerable character.

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I venture to say that every man who is not presumably incapacitated by some consideration of personal unfitness or of political danger is morally entitled to come within the pale of the Constitution. ...fitness for the franchise, when it is shown to exist—as I say it is shown to exist in the case of a select portion of the working class—is not repelled on sufficient grounds from the portals of the Constitution by the allegation that things are well as they are. I contend, moreover, that persons who have prompted the expression of such sentiments as those to which I have referred, and whom I know to have been Members of the working class, are to be presumed worthy and fit to discharge the duties of citizenship, and that to admission to the discharge of those duties they are well and justly entitled.

I agree with you that a grave calamity overhangs the Liberal party in connection with the plan which I described to you in two peculiar monosyllabic epithets [mad and drunk]... Liberalism cannot put on the garb of Jingoism without suffering for it... [For sixty years my life has been] a constant effort to do all I could for economy & for peace; not the peace of this country only but of the world... it is not now economy but peace which supplies the key note of the situation... If the thing is to be done at all let it be done by those who think it right.

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There ought to be a great effort of the Liberal party to extend the labour representation in Parliament. ... And we affirm that it is among the high and indispensable duties of the party...to proceed to provide for the establishment of district councils and parish councils, and thereby to bring self-government to the very doors of the labouring men throughout the country. Further, I will add boldly that it will be their duty to enact compulsory powers for the purpose of enabling suitable bodies to acquire land upon fair and suitable terms, in order to place the rural population in nearer relations to the land, to the use and profit of the land which they have so long tilled for the benefit of others, but for themselves almost in vain.

I am thankful to have borne a part in the emancipating labours of the last sixty years; but entirely uncertain how, had I now to begin my life, I could face the very different problems of the next sixty years. Of one thing I am, and always have been, convinced—it is not by the State that man can be regenerated, and the terrible woes of this darkened world effectually dealt with. In some, and some very important, respects, I yearn for the impossible revival of the men and the ideas of my first twenty years, which immediately followed the first Reform Act.

For my own part I am deeply convinced that all excess in the public expenditure beyond the legitimate wants of the country is not only a pecuniary waste—for that is a comparatively trifling matter—but a great political and a great moral evil. It is a characteristic of the mischief which arise from financial prodigality, that they creep onwards with a noiseless and surreptitious step; that they are unseen and unfelt until they have reached a magnitude absolutely overwhelming, and then at length, we see them, as perhaps they now exist in the case of one at least among the great European nations, so fearful and menacing in their aspect that they seem to threaten the very foundations of national existence.