The same duty—of securing the free exercise of industry—requires that companies should be privileged to carry on works of public utility which are not within the reach of individual enterprize,—as in the case of roads, canals, bridges, &c., and also,
That the fruits of rare ingenuity and enterprize should be secured to the individual,—according to the design of our patent law.
In the first mentioned instances of interference, the three great evils arise of
The restraint of fair competition in some cases;
The arbitrary increase of competition in other cases;
The obstruction of the circulation of labour and capital from employment to employment, and from place to place.
In the last mentioned instances of protection, none of these evils take place.
THE END.
London: Printed by William Clowes, Duke-street, Lambeth.