Summary

Thomas Allnutt Brassey Problems of Empire — Tariff Reform and the Cotton Industry (1903)

For the past sixty years the fiscal policy of this country has been governed by the interests of the consumer. No other important country has followed our example. It is therefore possible that our existing policy may be wrong, and that a fiscal policy which would pay some regard to the interests of the producer while not ignoring those of the consumer may be worthy of adoption. In any scheme of tariff reform the cotton industry is entitled to full consideration, but those engaged in it must remember that there are other industries of great, if not of equal, national importance.
Source: Wikisource

Thomas Allnutt Brassey Problems of Empire — Tariff Reform and the Cotton Industry (1903)

All bounties are open to grave objection, but a bounty such as I suggest could be justified on the ground that the cotton industry accounts for over one-fourth of our export trade, that it gives employment to a large proportion of our population, and that its continued existence is of importance not only to Lancashire, but to the nation.
Source: Wikisource

Thomas Allnutt Brassey Problems of Empire — Tariff Reform and the Cotton Industry (1903)

It has been foreseen for some time that the development of the cotton manufacturing industry in the immediate neighbourhood of the cotton plantations of the Southern States of the Union, where an unlimited supply of black labour is available, might produce the conditions with which we are now face to face. If American cotton mills gradually absorb, as I believe they will, the whole of the cotton produced in the United States, the British cotton trade may be ruined by the loss of the main source of supply of its raw material.
Source: Wikisource

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