"I say, then, assuming, as I have given you reason to assume, that the price of wheat, when this system is established, ranges in England at 35s. per quarter, and other grain in proportion, this is not a question of rent, but it is a question of displacing the labour of England that produces corn, in order, on an extensive and even universal scale, to permit the entrance into this country of foreign corn produced by foreign labour. Will that displaced labour find new employment? ... But what are the resources of this kind of industry to employ and support the people, supposing the great depression in agricultural produce occur which is feared—that this great revolution, as it has appropriately been called, takes place—that we cease to be an agricultural people—what are the resources that would furnish employment to two-thirds of the subverted agricultural population—in fact, from 3,500,000 to 4,000,000 of people? Assume that the workshop of the world principle is carried into effect—assume that the attempt is made to maintain your system, both financial and domestic, on the resources of the cotton trade—assume that, in spite of hostile tariffs, that already gigantic industry is doubled...you would only find increased employment for 300,000 of your population...What must be the consequence? I think we have pretty good grounds for anticipating social misery and political disaster."