Note 359 — Chapter IV

In regard to the interference of the English legislature, it is stated by Mr. M'Culloch (Polit. Econ. p. 269), on the authority of a committee of the House of Commons, that before the year 1820, ‘no fewer than two thousand laws with respect to commerce had been passed at different periods.’ It may be confidently asserted, that every one of those laws was an unmitigated evil, since no trade, and indeed no interest of any kind, can be protected by government without inflicting immeasurably greater loss upon the unprotected interests and trades; while, if the protection is universal, the loss will be universal. Some striking instances of the absurd laws which have been passed respecting trade, are collected in Barrington's Observations on the Statutes, pp. 279–285. Indeed, it was considered necessary that every parliament should do something in this way; and Charles II., in one of his speeches, says, ‘I pray, contrive any good short bills which may improve the industry of the nation … and so God bles your councils.’ Parl. History, vol. iv. p. 291. Compare the remarks on the fishery-trade, in Somers' Tracts, vol. xii. p. 33.