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Front Page arrow Titles (by Subject) arrow FOREIGN TRADE OF THE COUNTRY 12 February 1823 - The Works and Correspondence of David Ricardo, Vol. 5 Speeches and Evidence

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FOREIGN TRADE OF THE COUNTRY 12 February 1823 - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 5 Speeches and Evidence [1819]

Edition used:

The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 5 Speeches and Evidence 1815-1823.

Part of: The Works and Correspondence of David Ricardo, 11 vols (Sraffa ed.)

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


FOREIGN TRADE OF THE COUNTRY
12 February 1823

Mr. Wallace (the retiring Vice-President of the Board of Trade) moved for the revival of the committee on foreign trade of the previous session.

Mr. Ricardo rose for the purpose of paying his tribute of respect to the merits of the right hon. gentleman, who had so lately filled the office of vice-president of the Board of Trade. He would say this; that, much as the right hon. gentleman’s plans had benefitted the commerce of the country, they would have benefitted it still more, had all of them been fully carried into effect. They had met, however, with too many obstacles from interests that were hostile to his improvements; and, though he regretted the circumstance much, he must still observe, that those interests ought to be tenderly dealt with. He thought it would be wiser to make a compensation to any parties who might be injured by the alteration, than to persist in a system which was proved to be detrimental to the commercial interests of the nation at large. He had heard with the greatest pleasure, the very liberal speech which the right hon. gentleman had made that evening; nor was it with less satisfaction that he had heard his flattering account of the export trade of the country. It had been said, that the exports were greater now than they had been during the most flourishing year of the war. It ought likewise to be stated, that during the war our great foreign exports went to meet our great foreign expenditure; whereas at present we received valuable returns for every thing we exported. In looking at the general state of the country, it was satisfactory to find that, amid the gloom and distress in which the agricultural interests were involved, its foreign commerce was in a flourishing condition. He was sure that it must be the wish of all who heard him, that it might long go on, prospering and to prosper. His only reason for rising was to bear his testimony to the extraordinary merits of the right hon. gentleman.