It was not only the column of free trade which has been crowned in this memorable year. Another column, more firm in its structure, more lasting in its duration, more conspicuous amidst the wonders of creation, has, in the same season, been crowned by British hands. While the sacrilegious efforts of those whom it had sheltered were tearing down the temple of protection in the West, the last stone was put to the august structure which it had reared in the East. The victory of Goojerat on the Indus was contemporary with the repeal of the Navigation Laws on the Thames. The completion of the conquest of India occurred exactly at the moment when the system which had created that empire was repudiated. Protection placed the sceptre of India in our hands, when free trade was surrendering the trident of the ocean in the heart of our power. With truth did Lord Gough say, in his noble proclamation to the army of the Punjaub, on the termination of hostilities, that "what Alexander had attempted they had done." Supported by the energy of England, guided by the principles of protection, restrained by the dictates of justice, backed by the navy which the Navigation Laws had created, the British arms had achieved the most wonderful triumph recorded in the annals of mankind. They had subjugated a hundred and forty millions of men in the Continent of Hindostan, at the distance of ten thousand miles from the parent state; they had made themselves felt alike, and at the same moment, at Nankin, the ancient capital of the Celestial Empire, and at Cabool, the cradle of Mahommedan power. Conquering all who resisted, blessing all who submitted, securing the allegiance of the subjects by the justice and experienced advantages of their government, they had realised the boasted maxim of Roman administration--
"Parcere subjectis et debellare superbos,"
and steadily advanced through a hundred years of effort and glory, not unmixed with disaster, from the banks of the Hoogley to the shores of the Indus--from the black hole of Calcutta to the throne of Aurengzebe.
"Nulla magna civitas," said Hannibal, "diu quiescere potest--si foris hostem non habet, _domi invenit_: ut praevalida corpora ab externis causis tuta videntur, suis ipsis viribus conficiuntur."[15] When the Carthaginian hero made this mournful reflection on the infatuated spirit which had seized his own countrymen, and threatened to destroy their once powerful dominion, he little thought what a marvellous confirmation of it a future empire of far greater extent and celebrity was to afford. That the system of free trade--that is, the universal preference of foreigners, for the sake of the smallest reduction of price, to your own subjects--must, if persisted in, lead to the dismemberment and overthrow of the British empire, cannot admit of a moment's doubt, and will be amply proved to every unbiassed reader in the sequel of this paper. Yet the moment chosen for carrying this principle into effect was precisely that, when the good effects of the opposite system had been most decisively demonstrated, and an empire unprecedented in magnitude and magnificence had reached its acme under its shadow. It would be impossible to explain so strange an anomaly, if we did not recollect how wayward and irreconcilable are the changes of the human mind: that action and reaction is the law not less of the moral than of the material world; that nations become tired of hearing a policy called wise, not less than an individual called the just; and that if a magnanimous and truly national course of government has been pursued by one party long in possession of power, this is quite sufficient to make its opponents embrace the opposite set of tenets, and exert all their influence to carry them into effect when they succeed to the direction of affairs, without the slightest regard to the ruin they may bring on the national fortunes.