I have endeavoured to steer a middle course between the general verbosity of our English statutes, and the extreme brevity of the French criminal cod… - Robert Peel

I boldly maintain that the principle of protection to domestic industry, meaning thereby legislative encouragement for purpose of protection—duties on import imposed for that purpose, and not for revenue, is a vicious principle. I contest the hon. Gentleman's assumption, that you cannot fight hostile tariffs by free imports. I so totally dissent from that assumption, that I maintain that the best way to compete with hostile tariffs is to encourage free imports. So far from thinking the principle of protection a salutary principle, I maintain that the more widely you extend it, the greater the injury you will inflict on the national wealth, and the more you will cripple the national industry.

[A]ll my own interests are identified with agricultural prosperity. It is true that I am under the deepest obligation to commerce and manufactures; and I am proud to acknowledge them; but all my present pecuniary and personal interests are centred in the prosperity of agriculture.

We are bound also to consider what are those taxes, the removal of which will give more scope to commercial enterprise, and occasion an increased demand for labour. ... let the House remember that the principle on which we have gone, and gone advisedly, is the absolute repeal of taxation in many cases. ... We do hope that the direct and instant effect will be increased consumption of many articles now subject to duty, invigorating the industry and extending the commercial enterprise of the country through other channels, and supplying the void we cannot hope to fill up by direct taxation. ... We have taken this course after careful consideration, and we recommend this plan from a deliberate conviction that if sanctioned by Parliament it will conduce to the extension of industry, to the encouragement of enterprise, and that the result of that extension of industry and encouragement of enterprise will be the benefit of all classes of the community, whether they are directly or indirectly connected with commerce, manufactures, or agriculture.