England cannot, in her present condition, greatly
increase her consumption of such merchandize as India can
furnish, or dispose of such merchandize abroad, to any great
extent, for the reasons already given.
[Footnote A: "Englishmen, reasoning from a restricted course of
trade, are constantly prone to the belief that the purchase of
foreign corn, from some unexplained necessity, must take away
their gold. Americans, from the same cause, reason in the same
manner respecting the purchase of foreign goods. Under the
action of the restrictive system, there may be some truth in the
reasonings of each party, but they certainly form a beautiful
running commentary upon each other."]
"As to any proposed gain by the Colonial trade, it is the very
thing rejected by the restrictions on the trade with the United
States. What are these States but the greatest colonies ever
planted by Great Britain? and their independence does not at all
prevent England from deriving all the advantage from them ever
to be derived from colonies.
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