Excerpt from The Tariff Problem
To place the industry of this country on a secure basis, and at the same time to consolidate the British Empire, is a task not yet beyond the power of a bold and constructive statesmanship. The gradual creation of a system of Imperial inter-dependence will, indeed, be the work of a generation; and it will be an exceedingly delicate, and difficult business. What we have now to do is to soberly set our faces in the right direction, and to trust to the common sense and mutual forbearance of the British peoples. That there are great risks to be run in doing anything is only an argument for those who do not recognise that there are greater risks in doing nothing.
In view of my present academic position I may be allowed to add a word of personal explanation. By upbringing and sympathies I am a Liberal.
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