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 … - F. E. Smith, 1st Earl of Birkenhead

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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.

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About F. E. Smith, 1st Earl of Birkenhead

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.

Also Known As

Native Name: Frederick Edwin Smith, 1. Earl of Birkenhead
Alternative Names: Frederick Edwin Smith Frederick Edwin Smith Birkenhead
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Politically, economically and philosophically the motive of self-interest not only is but must...and ought to be the mainspring of human conduct...For as long a time as the records of history have been preserved human societies passed through a ceaseless process of evolution and adjustment. This process has sometimes been pacific, but more often it has resulted from warlike disturbance. The strength of different nations, measured in terms of arms, varies from century to century. The world continues to offer glittering prizes to those who have stout hearts and sharp swords; it is therefore extremely improbable that the experience of future ages will differ in any material respect from that which has happened since the twilight of the human race … it is for us who, in our history have proved ourselves a martial … people … to maintain in our own hands the adequate means for our own protection and … to march with heads erect and bright eyes along the road of our imperial destiny.

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