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" "Disraeli, in his youth, laid down the principles on which the England of his time ought to have been based, and his comparative failure to convince his contemporaries or to overbear his philosophic opponents left his country the richer by a supreme instance of political genius and the poorer by its slums, its wasted physique, and its industrial unrest and class hatred. If a Providence could have made Disraeli a dictator in the early 'thirties, there would have been no social problem to-day. That great man desired to build up the new industrial State on the principles and practice which had animated the older rural and urban dispensations—on the community of interest between master and man, between capitalist and employee, between guild and guild, between agricultural labourer and town workman. What was best in the feudal conception of the past was to be applied to the new progressive forces of the nineteenth century, and the aristocracy of industry was to follow in the tradition of the aristocracy of feudalism and make itself the guardian, and not the exploiter, of its new retainers.
Frederick Edwin Smith, 1st Earl of Birkenhead, GCSI, PC (12 July 1872 – 30 September 1930) was a British Conservative statesman and lawyer of the early 20th century. He was a skilled orator, noted for his staunch opposition to Irish nationalism, his wit, pugnacious views, and hard living and drinking. He is perhaps best remembered today as Winston Churchill's greatest personal and political friend until Smith's untimely death at age 58.
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As the Tories happened to be right then, and their opponents happened to be wrong, as they had been wrong at every moment in the nation's history when similar issues had arisen, was he to remain silent when men were preaching the same crazy doctrine that there would be no more war and when he looked round and saw wars and threats of wars? Whenever he met such sentimental folly he would castigate it.
Free trade had once and for all broken down. Even when combined with depredation it did not pay; it could not find them the money to pay this year's national bills. The Conservative party had one alternative to a Budget which destroyed capital—the alternative of men who had watched the history of tariffs in Europe and America for 30 years, and learnt the great lesson upon which Bismarck taught his fellow-countrymen.