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Imperialism, A Study

repeal or reduce the import duties. When the sudden financial stress of the Crimean war came on the country the Free Trade policy was in the prime of its popularity and success, and a Liberal ministry, in preference to a reversion to Protection which would otherwise have been inevitable, gave permanency to the tax, extending the area of its application and making its removal more difficult by further repeals of import duties. No Government could now remove it, for the new unpopularity caused by finding adequate substitutes would have outweighed the credit gained by its removal, while its productivity and calculability are advantages shared in an equal degree by no other mode of taxation.

Some allowance may also be made for the principles and personal convictions of political financiers trained in the English science of political economy, and still more for the temptation of competing parties to seek the favour of the newly enfranchised populace by a well-paraded policy of class taxation. The seething revolutionism of the mid-century throughout Europe, the rapid growth of huge industrial centres throughout England, with their masses of ill-explored poverty and their known aptitude for ignorant agitation, made the establishment of formal democracy seem a most hazardous

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