Further Observations On the Practicability And Expediency of Liquidating the Public Debt of the United Kingdom : With Reference, Particularly, to the Landed Proprietor : Including Some Considerations On Population And the Poor 18
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The foreign consumer, also, contributes in some proportion, provided the price paid by him include the entire cost of the goods and charges. It ma^, however, be considered ; 74 First — ^That the risks of foreign trade are. very great, and that the competition of the venders, and the consequent low rates of prices, leave the venders, as a body, exposed to great losses. Second — That the working manufacturer, to great extent, has not received more than half the amount of wages necessary to his su...bsist- ence, and that the master manufacturer may be presumed to have sold the goods to the fo- reign consumer, upon the calculation of the wages paid by him and not upon a calculation of the actual cost of the maintenance of the workman. In this manner the British nation may clothe foreign nations, at a very cheap rate to the wearer, but upon a principle of exhaustion to the United Kingdom. The participation of foreigners in the national burthens, cannot therefore be relied upon, for the present cal- culation ; nor can the principle of taxing fo- reign nations, through the medium of their demand upon the national industry, be sup- ported upon any principle, unless indeed by way of exception, under extraordinary circum- stances.
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