But here we are assailed by clamorous exclamations: You are theorists, metaphysicians, ideologists, utopians, men of maxims! and immediately all the prejudices of the public are against us.

What then shall we do? We must invoke the patience and candor of the reader, giving to our deductions, if we are capable of it, sufficient clearness to throw forward at once, without disguise or palliation, the true and the false, in order, once for all, to determine whether the victory should be for Restriction or Free Trade.

I wish here to make a remark of some importance.

Some extracts from this volume have appeared in the "Journal des Economistes."

In an article otherwise quite complimentary published by the Viscount de Romanet (see Moniteur Industriel of the 15th and 18th of May, 1845), he intimates that I ask for the suppression of custom houses. Mr. de Romanet is mistaken. I ask for the suppression of the protective policy. We do not dispute the right of government to impose taxes, but would, if possible, dissuade producers from taxing one another. It was said by Napoleon that duties should never be a fiscal instrument, but a means of protecting industry. We plead the contrary, and say, that duties should never be made an instrument of reciprocal rapine; but that they may be employed as a useful fiscal machine. I am so far from asking for the suppression of duties, that I look upon them as the anchor on which the future salvation of our finances will depend. I believe that they may bring immense receipts into the treasury, and, to give my entire and undisguised opinion, I am inclined, from the slow progress of healthy, economical doctrines, and from the magnitude of our budget, to hope more for the cause of commercial reform from the necessities of the Treasury than from the force of an enlightened public opinion.


I.

ABUNDANCE—SCARCITY.

Which is the best for man or for society, abundance or scarcity?

How, it may be exclaimed, can such a question be asked? Has it ever been pretended, is it possible to maintain, that scarcity can be the basis of a man's happiness?