manufactured articles which will fairly swamp the world's markets; for, sad to say, there is little doubt but they can take out of our hands all textile trade, and probably several other lines of trade that England, Germany, and America now hold. India and China being populated, the one by a set of people at sixes and sevens with each other, and the other by a set of people who, to put it mildly, are not born warriors, cannot, except under the dominion and protection of a powerful European nation, commercially prosper. But England and Germany are not everybody. There is France. I could quite imagine France, for example, in possession of China, managing it on similar lines to those on which she is now managing West Africa, but with enormously different results to herself and the rest of the world. Her system of differential tariffs, be it granted, keeps her African possessions poor, and involves her in heavy imperial expenditure; but the Chinaman's industry would support the French system, and thrive under her jealous championship. This being the case, it is of value to England and Germany to hold as close a grip as possible over such regions as India and China, even though by so doing they are nourishing vipers in their commercial bosoms.
The case of the second class of markets—the tropical African—is different. Such markets are of enormous value to us; they are, especially the West African ones, regions of great natural riches in rubber, oil, timber, ivory, and minerals from gold to coal. They are in most places densely populated with customers for England's manufactured goods. The advantages of such a region to a manufacturing nation like ourselves are enormous; for not only do we get rid there of our manufactured goods, but we
