Note A3-5-6 — Chapter III

That a posterior people would never be in a condition to establish industries of their own, where full freedom of trade prevails, I do not by any means assert. Compare the list of industries which attained to so flourishing a condition without the aid of a protective tariff, that they were able to supply foreign markets, in Rau, Lehrbuch, II, § 206, a. But when Switzerland is so frequently cited as an illustration in this connection (J. Bowring, On the Commerce and Manufactures of Switzerland, 1836), people forget the many favorable circumstances of another kind which coöperated here to elevate industry; a neutrality of three hundred years, during the French Huguenot War, the Thirty Years' War, the Wars of Louis XIV., and as a consequence of this, no military budgets, few taxes and state debts, etc. In addition to this, at an earlier period, the many mercenary troops, and afterwards the foreign travelers.