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merely agricultural industry; but it does not in the least follow



from this; that those treaties are also detrimental and



objectionable whereby the reciprocal exchange of agricultural



products and raw materials; or the reciprocal exchange of



manufactured products; is promoted。



    We have previously explained that free trade in agricultural



products and raw materials is useful to all nations at all stages



of their industrial development; from this it follows that every



commercial treaty which mitigates or removes prohibitions and



restrictions on freedom of trade in such articles must have a



beneficial effect on both contracting nations; as e。g。 a convention



between France and England whereby the mutual exchange of wines and



brandies for pig…iron and coal; or a treaty between France and



Germany whereby the mutual exchange of wine; oil; and dried fruit;



for corn; wool; and cattle; were promoted。



    According to our former deductions; protection is only



beneficial to the prosperity of the nation so far as it corresponds



with the degree of the nation's industrial development。 Every



exaggeration of protection is detrimental; nations can only obtain



a perfect manufacturing power by degrees。 On that account also; two



nations which stand at different stages of industrial cultivation;



can with mutual benefit make reciprocal concessions by treaty in



respect to the exchange of their various manufacturing products。



The less advanced nation can; while it is not yet able to produce



for itself with profit finer manufactured goods; such as fine



cotton and silk fabrics; nevertheless supply the further advanced



nation with a portion of its requirements of coarser manufactured



goods。



    Such treaties might be still more allowable and beneficial



between nations which stand at about the same degree of industrial



development; between which; therefore; competition is not



overwhelming; destructive; or repressive; nor tending to give a



monopoly of everything to one side; but merely acts; as competition



in the inland trade does; as an incentive to mutual emulation;



perfection; and cheapening of production。 This is the case with



most of the Continental nations。 France; Austria; and the German



Zollverein might; for instance; anticipate only very prosperous



effects from moderately low reciprocal protective duties。 Also;



between these countries and Russia mutual concessions could be made



to the advantage of all sides。 What they all have to fear at this



time is solely the preponderating competition of England。



    Thus it appears also from this point of view; that the



supremacy of that island in manufactures; in trade; in navigation;



and in her colonial empire; constitutes the greatest existing



impediment to all nations drawing nearer to one another; although



it must be at the same time admitted that England; in striving for



this supremacy; has immeasurably increased; and is still daily



increasing; the productive power of the entire human race。









End

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