* Possessing some landed property, on which he lives, he
belongs to the protected class. This circumstance should
disarm criticism. It shows that if he uses hard words, they
are directed against the thing itself, and not against men's
intentions or motives.
Nor do I boast of being the first to give the thing its right name. Adam Smith said, sixty years ago, that "when manufacturers hold meetings, we may be sure a plot is hatching against the pockets of the public." Can we be surprised at this, when the public winks at it?
Well, then, suppose a meeting of manufacturers deliberating formally, under the title of conseils generaux. What takes place, and what is resolved upon?
Here is an abridged report of one of their meetings:—
"Shipowner: Our merchant shipping is at the lowest ebb. (Dissent) That is not to be wondered at. I cannot construct ships without iron. I can buy it in the market of the world at 10 francs; but by law the French ironmaster forces me to pay him 15 francs, which takes 5 francs out of my pocket. I demand liberty to purchase iron wherever I see proper.
"Ironmaster: In the market of the world I find freights at 20 francs. By law I am obliged to pay the French shipowner 30; he takes 10 francs out of my pocket. He robs me, and I rob him; all quite right.
"Statesman: The shipowner has arrived at a hasty conclusion. Let us cultivate union as regards that which constitutes our strength. If we give up a single point of the theory of protection, the whole theory falls to the ground.
"Shipowner: For us shipowners protection has been a failure. I repeat that the merchant marine is at its lowest ebb.
"Shipmaster: Well, let us raise the surtaxe, and let the shipowner who now exacts 30 francs from the public for his freight, charge 40.
"A Minister: The government will make all the use they can of the beautiful mechanism of the surtaxe; but I fear that will not be sufficient.