...attended with the most injurious consequences ; and that " Humanity, in this case, requires, that the freedom of trade should be restored only by slow gradations,...all at once, many thousands of our people of their •rdinary employment and means of subsistence ."* ' Vol. ii. pagt 10f . - Ibid, pagt 203. Though no...

...attended with the most injurious consequences •, and that " Humanity, in l;his case, requires, that the freedom of trade should be restored only by slow gradations,...kind, might be poured so fast into the home market, a» to deprive, all at once, many thousands of our people of their ordinary employment and means of...

...requires that the freedon of trade should be restored only by slow gradations, and with caution aid circumspection. Were these high duties and protections...poured so fast into the home market, as to deprive, sis at once, many thousands of our people of their, ordinary employment and means of subsistence."—...

...circumspection. Were these high duties and protections taken away all at once; cheaper foreign goods, of tht same kind, might be poured so fast into the home market, as to deprive, ail at once, many thousands of our people of their ordinary employment and means of subsistence." —...

...gradations and with a good deal of reserve and circumspection. Were these high duties and prohibitions taken away all at once, cheaper foreign goods of the...market as to deprive all at once many thousands of their ordinary employment and means of subsistence."* The caution here given bj Adam Smith certainly...

...his celebrated work. But he admits that if high duties and prohibitions were all at once taken off, " cheaper foreign goods, of the " same kind, might be...all at once many thousands of our people of their ordi" nary employment and means of subsistence.'1'' This is not a problematical case. It would be some...

...gradations, and with a good deal of reserve and circumspection. Were those high duties and prohibitions taken away all at once, cheaper foreign goods of the same kind might be poured so fast upon the market, as to deprive all at once many thousands of our people of their ordinary employment...

...circumspection. Were those high duties and prohibitions taken away all at ouce, cheaper foreign goods might be poured so fast into the home market as to...their ordinary employment and means of subsistence. Changes should be made slowly, gradually, and after a very long •warning." Another remark here presented...

...gradations, and with a good deal of reserve and circumspection. Were those high duties and prohibitions taken away all at once, cheaper foreign goods, of the same kind, might be poured so fast into the home-market, as to deprive all at once, many thousands of our people of their ordinary employment and...

...for any other purpose than for raising revenue. Smith admits that, on removing protecting duties, " cheaper foreign goods of the same kind might be poured so fast into the domestic market, as to dcprirc, all at once, THOUSANDS op PEOPLE of their ordinary employment and means...