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 having recourse to either the one or the other, and considering the character of the people of this country, their capital, their undaunted courage, and the advantages they possessed in the race they had already run, he was satisfied that any measure throwing open the trade of the world would greatly increase commerce, and that the lion's share of the addition would fall to our lot. Every reason, he argued, existing, in the days of Mr. Huskisson, for the relaxation of the system existed in a yet stronger degree at the present moment; and, quoting the expression employed by Lord Stanley, ''Vestigia nulla retrorsum'', as applicable to the recent Free-trade policy, he concluded a highly elaborate speech by remarking that Protection or no Protection was the question at issue; and, as the present measure would crown the work they had already accomplished, he was opposed to reaction, and favourable to progress tempered by prudence and discretion. Upon these grounds he supported the third reading.

Mr. Thomas Baring avowed his opinion that, as a general principle, restriction must be an injury to trade. If the whole community were to be regarded as a community of merchants, certainly it was desirable to allow the importers to get their wants supplied, and ship their goods where and whence they pleased. If we were, like the inhabitants of the Hanseatic Towns, mere receivers and distributors, then we might say, let every other consideration be disregarded. But the real grievances of the merchants might fairly be taken from their representations, and, if they had sustained such grievances as had been