"Now the Cobden Club all this time rubs its hands in the most patriotic spirit and says, "Ah, yes; but how cheap you are buying." Yes, but think how that effects different classes in the community. Take the capitalist...His interest is to buy in the cheapest market, because he does not produce, but can get every article he consumes. He need not buy a single article in this country; he need not make a single article. He can invest his money in foreign countries and live upon the interest, and then in the returns of the prosperity of the country it will be said that the country is growing richer because he is growing richer. What about the working men? What about the class that depends upon having work in order to earn wages or subsistence at all? They cannot do without the work; and yet the work will go if it is not produced in this country. This is the state of things which I am protesting."

“Our Imperial trade is absolutely essential to our prosperity at the present time. If that trade declines, or if it does not increase in proportion to our population and to the loss of trade with foreign countries, then we sink at once into a fifth-rate nation. Our fate will be the fate of the empires and kingdoms of the past. We have reached our highest point...I do not believe in the setting of the British star; but then I do not believe in the folly of the British people. I trust them, I trust the working classes of this country. I have confidence that they who are our masters, electorally speaking, that they will have intelligence to see that they must wake up. They must modify their policy to suit new conditions.”

“Hitherto, the well-to-do have governed this country for their own interest; and I will do them this credit—they have achieved their object. Now I trust the time is approaching for those who work and have not. My aim in life is to make life pleasanter for this great majority; I do not care if it becomes in the process less pleasant for the well-to-do minority. Take America, for instance. Cultured persons complain that the society there is vulgar; less agreeable to the delicate tastes of delicately trained minds. But it is infinitely preferable to the ordinary worker.”

“The Colonies are prepared to meet us. In return for a very moderate preference they will give us a substantial advantage. They will give us, in the first place—I believe they will reserve to us the trade which we already enjoy. They will arrange for tariffs in the future in order not to start industries in competition with those which are already in existence in the mother country...But they will do a great deal more for you. This is certain. Not only will they enable you to retain the trade which you have, but they are ready to give you preference to all the trade which is now done with them by foreign competitors...We must either draw closer together or we shall drift apart...It is, I believe, absolutely impossible for you to maintain in the long run your present loose and indefinable relations and preserve these Colonies parts of the Empire...Can we invent a tie which must be a practical one, which will prevent separation...I say that it is only by commercial union, reciprocal preference, that you can lay the foundations of the confederation of the Empire to which we all look forward as a brilliant possibility.”

“I venture to claim two qualifications for the great office which I hold, which to my mind, without making invidious distinctions, is one of the most important that can be held by any Englishman; and those qualifications are that in the first place I believe in the British Empire, and in the second place I believe in the British race. I believe that the British race is the greatest of the governing races that the world has ever seen.”

“During the last 100 years, the House of Lords has never contributed one iota to popular liberties or popular freedom, or done anything to advance the common weal; but during that time it has protected every abuse and sheltered every privilege.”

“Let it be our endeavour, let it be our task, to keep alight the torch of imperial patriotism, to hold fast the affection and the confidence of our kinsmen across the seas; so that in every vicissitude of fortune the British Empire may present an unbroken front to all her foes, and may carry on even to distant ages the glorious traditions of the British flag.”