Page:History of merchant shipping and ancient commerce (Volume 3).djvu/120

 that they should be protected from the competition of those who were not so tied down, otherwise they would not be able to compete with the shipowners of foreign nations. They further argued, and not without reason, that, by the Registry Laws they were compelled to use the most costly ships in the world; by the Navigation Laws to employ exclusively the highest paid and most expensively fed seamen, those of native birth; and, by a variety of laws, presumed, also, to be of essential importance, they were specially taxed, and, at the same time, were prevented from conducting their pursuits in the way most conducive to their own profit. Clinging, however, tenaciously as they did to the principle of the Navigation Laws, they could hardly expect that their view in favour of protection to their own interest would be entertained; and this, too, at a period when every vessel at their command was fully employed; when they were realizing large profits, and when, indeed, ships could scarcely be found to convey from other countries sufficient food to meet the wants of the people.

The Committee who were appointed on Mr. Ricardo's motion had examined during the session a great number of witnesses, and in the course of their inquiry made no less than five reports, limiting themselves, however, to the evidence taken, the substance of which I shall hereafter lay before my readers.

But before I do so, it is necessary, even at the