V.—: Conclusion.

This statistical examination of the textile industry proves: (i.) That such industries as the wool and silk trade are tributary to the protected cotton-spinners; (ii.) textiles being the raw material of all the clothing trades as well as of linen-drapery and millinery, all protection to spinners and weavers is at the expense of their trades; (iii.) since labour is a much more important element in the latter than in the textile trades, protection to them falls especially upon the wages of those employed in the clothing trades, linendrapery, and millinery, who stand in the ratio of seven to one to those employed in cotton and linen manufacture; (iv.) such protection, by raising the price of goods, restricts or closes their market; (v.) protected industries, stimulated to over-production, end after short periods of fictitious prosperity in crisis and stoppage.