"The principle he laid down was that, whatever course other nations might choose to take, a policy of Free Trade was always the best. It appeared to him that the refusal of other nations to buy from us on equal terms was no reason in the world why we should refuse to buy from them. Buying and selling are but two sides of one and the same transaction, and if we managed to buy from them, it is certain that they would be obliged, directly or indirectly, to buy from us in return. The high duties imposed by their tariffs would be paid by their own people on every article imposed."