And now it seems in danger of being cast away
through the folly that has prevailed among us since the War. Nothing will ever persuade us that to hamper trade by taxing it is the right way to increase it, or that tariffs on goods can bring increased plenty or cheapness to the population of an overcrowded island. Yet here was Mr. Graham, a Free Trade economist of the Labour Party, admitting that he wavers in his faith. Here was Mr. Churchill, who left his party for the first time to fight brilliantly with us against Mr. Joseph Chamberlain's campaign, and greatly helped to defeat it, shouting for Protection. Lastly, here was Sir John Simon, with the acutest brains of the Liberal Party, proving to himself by cold reasoning that, if we have lost the favourable balance of our trade, we shall be driven to tariffs. If so, lehabodl The glory is departed, for the ark is taken.
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