Political Prophecies An Address to the Edinburg Philosophical Society Delivered

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Experience has shown that few speculations are so uncertain as those concerning the probable consequences of an extension of the franchise, nor was there any more remarkaljle feature of the francliisc debates of 1917 than the abandonment by tacit consent of this ancient field of contentious augury and gratuitous error.
Nor has History Ijeen kind to those thinkers who, standing in the main line of the English liberal tradition, too hastily assumed that the world was passing out of a military int
...o an industrial stage. The first apostles of Free Trade judged aright the economic consequences likely to flow from the adoption of their policy, but were disposed to exaggerate the influence of economic exchange as a factor making for peace. Closer intercourse, while it is a condition of friendship, is also a cause of friction, and the first result of the Com- mercial Treaty of 1860 between England and France was the outburst of a storm of indignation against this country in the forests and factories of our present Ally.

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