ppear； and with it the whole class of free and honest laborers。 This certainly is not my plan for the abolition of property。 Far from mobilizing the soil； I would； if possible； immobilize even the functions of pure intelligence； so that society might be the fulfilment of the intentions of Nature； who gave us our first possession； the land。 For； if the instrument or capital of production is the mark of the laborer； it is also his pedestal； his support； his country； and； as the Psalmist says； THE PLACE OF HIS ACTIVITY AND HIS REST。＇1＇
＇1＇ _Tu cognovisti sessionem meam et resurrectionem meam_。 Psalm 139。
Let us examine more closely still the inevitable and approaching result of the last law concerning judicial sales and mortgages。 Under the system of competition which is killing us； and whose necessary expression is a plundering and tyrannical government； the farmer will need always capital in order to repair his losses； and will be forced to contract loans。 Always depending upon the future for the payment of his debts； he will be deceived in his hope； and surprised by maturity。 For what is there more prompt； more unexpected； more abbreviatory of space and time； than the maturity of an obligation？ I address this question to all whom this pitiless Nemesis pursues； and even troubles in their dreams。 Now； under the new law； the expropriation of a debtor will be effected a hundred times more rapidly； then； also； spoliation will be a hundred times surer； and the free laborer will pass a hundred times sooner from his present condition to that of a serf attached to the soil。 Formerly； the length of time required to effect the seizure curbed the usurer's avidity； gave the borrower an opportunity to recover himself； and gave rise to a transaction between him and his creditor which might result finally in a complete release。 Now； the debtor's sentence is irrevocable： he has but a few days of grace。
And what advantages are promised by this law as an offset to this sword of Damocles； suspended by a single hair over the head of the unfortunate husbandman？ The expenses of seizure will be much less； it is said； but will the interest on the borrowed capital be less exorbitant？ For； after all； it is interest which impoverishes the peasant and leads to his expropriation。 That the law may be in harmony with its principle； that it may be truly inspired by that spirit of justice for which it is commended； it mustwhile facilitating expropriationlower the legal price of money。 Otherwise； the reform concerning mortgages is but a trap set for small proprietors；a legislative trick。
Lower interest on money！ But； as we have just seen； that is to limit property。 Here； sir； you shall make your own defence。 More than once； in your learned lectures； I have heard you deplore the precipitancy of the Chambers； who； without previous study and without profound knowledge of the subject； voted almost unanimously to maintain the statutes and privileges of the Bank。 Now these privileges； these statutes； this vote of the Chambers； mean simply this；that the market price of specie； at five or six per cent。； is not too high； and that the conditions of exchange； discount； and circulation； which generally double this interest； are none too severe。 So the government thinks。 M。 Blanquia professor of political economy； paid by the State maintains the contrary； and pretends to demonstrate； by decisive arguments； the necessity of a reform。 Who； then； best understands the interests of property；the State； or M。 Blanqui？
If specie could be borrowed at half the present rate； the revenues from all sorts of property would soon be reduced one… half also。 For example： when it costs less to build a house than to hire one； when it is cheaper to clear a field than to procure one already cleared； competition inevitably leads to a reduction of house and farm…rents； since the surest way to depreciate active capital is to increase its amount。 But it is a law of political economy that an increase of production augments the mass of available capital； consequently tends to raise wages； and finally to annihilate interest。 Then； proprietors are interested in maintaining the statutes and privileges of the Bank； then； a reform in this matter would compromise the right of increase； then； the peers and deputies are better informed than Professor Blanqui。
But these same deputies；so jealous of their privileges whenever the equalizing effects of a reform are within their intellectual horizon；what did they do a few days before they passed the law concerning judicial sales？ They formed a conspiracy against property！ Their law to regulate the labor of children in factories will； without doubt； prevent the manufacturer from compelling a child to labor more than so many hours a day； but it will not force him to increase the pay of the child； nor that of its father。 To…day； in the interest of health； we diminish the subsistence of the poor； to…morrow it will be necessary to protect them by fixing their MINIMUM wages。 But to fix their minimum wages is to compel the proprietor； is to force the master to accept his workman as an associate； which interferes with freedom and makes mutual insurance obligatory。 Once entered upon this path； we never shall stop。 Little by little the government will become manufacturer； commission…merchant； and retail dealer。
It will be the sole proprietor。 Why； at all epochs； have the ministers of State been so reluctant to meddle with the question of wages？ Why have they always refused to interfere between the master and the workman？ Because they knew the touchy and jealous nature of property； and； regarding it as the principle of all civilization； felt that to meddle with it would be to unsettle the very foundations of society。 Sad condition of the proprietary regime；one of inability to exercise charity without violating justice！＇1＇
＇1＇ The emperor Nicholas has just compelled all the manufacturers in his empire to maintain； at their own expense； within their establishments； small hospitals for the reception of sick workmen；the number of beds in each being proportional to the number of laborers in the factory。 〃You profit by man's labor；〃 the Czar could have said to his proprietors； 〃you shall be responsible for man's life。〃 M。 Blanqui has said that such a measure could not succeed in France。 It would be an attack upon property；a thing hardly conceivable even in Russia； Scythia； or among the Cossacks； but among us； the oldest sons of civilization！ 。 。 。 I fear very much that this quality of age may prove in the end a mark of decrepitude。
And； sir； this fatal consequence which necessity forces upon the State is no mere imagination。 Even now the legislative power is asked； no longer simply to regulate the government of factories； but to create factories itself。 Listen to the millions of voices shouting on all hands for THE ORGANISATION OF LABOR； THE CREATION OF NATIONAL WORKSHOPS！ The whole laboring class is agitated： it has its journals； organs； and representatives。 To guarantee labor to the workingman； to balance production with sale； to harmonize industrial proprietors； it advocates to…day as a sovereign remedyone sole head； one national wardenship； one huge manufacturing company。 For； sir； all this is included in the idea of national workshops。 On this subject I wish to quote； as proof； the views of an illustrious economist； a brilliant mind； a progressive intellect； an enthusiastic soul； a true patriot； and yet an official defender of the right of property。＇1＇
＇1＇ Course of M。 Blanqui。 Lecture of Nov。 27；1840。
The honorable professor of the Conservatory proposes then；
1。 TO CHECK THE CONTINUAL EMIGRATION OF LABORERS FROM THE COUNTRY INTO THE CITIES。
But； to keep the peasant in his village； his residence there must be made endurable： to be just to all； the proletaire of the country must be treated as well as the proletaire of the city。 Reform is needed； then； on farms as well as in factories； and； when the government enters the workshop； the government must seize the plough！ What becomes； during this progressive invasion； of independent cultivation； exclusive domain； property？
2。 TO FIX FOR EACH PROFESSION A MODERATE SALARY； VARYING WITH TIME AND PLACE AND BASED UPON CERTAIN DATA。
The object of this measure would be to secure to laborers their subsistence； and to proprietors their profits； while obliging the latter to sacrifice from motives of prudence； if for no other reason； a portion of their income。 Now； I say； that this portion； in the long run； would swell until at last there would be an equality of enjoyment between the proletaire and the proprietor。 For； as we have had occasion to remark several times already； the interest of the capitalistin other words the increase of the idlertends； on account of the power of labor； the multiplication of products and exchanges； to continually diminish； and； by constant reduction； to disappear。 So that； in the society proposed by M。 Blanqui； equality would not be realized at first； but would exist potentially； since property； though outwardly seeming to be industrial feudality； being no longer a principle of exclusion and encroachment； but