Page:The Clipper Ship Era.djvu/124

92 Holland upon the sea, but they had quite the contrary effect. With a few slight changes, however, they were passed along from generation to generation, until Adam Smith exposed the fallacy of Protection in his Wealth of Nations, which appeared in 1776. From that time on, British statesmen, few in number at first, adopted his teachings, and under the pressure of popular clamor some concessions were made, especially in the way of reciprocity treaties, but it was nearly three quarters of a century before these barbaric old laws, a legacy from the thieving barons, were finally swept away.

It may be well briefly to enumerate these laws as they stood previous to their repeal, for it is seldom that one comes across so much ingenious stupidity in so compact a form; also mainly because through their repeal the ships of Great Britain eventually became the greatest ocean carriers of the world.

(I.) Certain enumerated articles of European produce could only be imported to the United Kingdom for consumption, in British ships or in ships of the country of which the goods were the produce, or in ships of that country from which they were usually imported.

(II.) No produce of Asia, Africa, or America could be imported for consumption in the United Kingdom from Europe in any ships; and such produce could only be imported from any other place in British ships or in ships of the country of which they were the produce.

(III.) No goods could be carried coastwise from