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94 the ocean carriers of the world, and to remove every restraint as to where they should build or buy their ships. This step was a natural sequence to the repeal of the Corn Laws in 1846, and the glorious dawn of Free Trade, by which every British subject was permitted to purchase whatever he required in the best and cheapest market, and so was able to work at a moderate wage, and to have continuous employment. Thus Great Britain, with few natural advantages, became the great workshop of the world and controlled every market upon the globe in which her manufactures were not excluded by the barrier of Protection. Even from these countries she reaped a decided benefit, for they were so hampered by Protection, which increased the expense of living, created high rates of wages for labor but with uncertain employment, and brought about increased cost of production, whether of ships or merchandise, that it became impossible for them to compete in the open markets of the world, and these avenues of trade were left open for Great Britain to exploit at her pleasure.

Such was the belief of the great leader, Richard Cobden, and his brilliant colleagues. They were convinced that if British merchants were to carry on the commerce of Great Britain they must do so untrammelled as to where they bought or built their ships; they realized the fact that cheaper and better wooden sailing vessels—then the ocean cargo carriers of the world—were being built in the United States than could be constructed in Great Britain. (Indeed, as we shall presently see, the finest, largest, and fastest ships owned or chartered in Great