《the origins of contemporary france-4》

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with it; a series of elaborations; a succession of metamorphoses; one

elimination and transportation after another; mostly invisible and

obscure; but all indispensable; and all of them carried out by

infinitely delicate organs; so delicate that; under the slightest

pressure; they get out of order; so dependent on each other that an

injury to one affects the operations of the rest; and thus suppresses

or perverts the final result to which; nearly or remotely; they all

contribute。



Consider; for a moment; these precious economical organs and their

mode of operation。  In any tolerably civilized community that has

lasted for any length of time; they consist; first in rank; of those

who possess wealth arising from the accumulation of old and recent

savings; that is to say; those who possess any sort of security; large

or small; in money; in notes; or in kind; whatever its form; whether

in lands; buildings or factories; in canals; shipping or machinery; in

cattle or tools; as well as in every species of merchandise or

produce。  … And see what use they make of these: each person;

reserving what he needs for daily consumption; devotes his available

surplus to some enterprise; the capitalist his ready money; the real…

estate owner his land and tenements; the farmer his cattle; seed and

farming implements; the manufacturer his mills and raw material; the

common…carrier his vessels; vehicles and horses; the trader his

warehouses and stock of goods for the year; and the retailer his shop

and supplies for a fortnight。  To which everybody; the agriculturist;

merchant and manufacturer; necessarily adds his cash on hand; the

deposits in his bank for paying the monthly salaries of his clerks;

and at the end of the week; the wages of his workmen。  … Otherwise; it

would be impossible to till the soil; to build; to fabricate; to

transport; to sell; however useful the work might be; it could not be

perfected; or even begun; without a preliminary outlay in money or in

kind。  In every enterprise; the crop presupposes labor and seed corn。

If I want to dig a hole I am obliged to hire a pick and the arms to

wield it; or; in other terms; to make certain advances。  But these

advances are made only on two conditions: first; that he who makes

them is able to make them; that is to say; that he is the possessor of

an available surplus; and next; being the owner of this surplus; that

he desires to make them; with this proviso that he may gain instead of

losing by the operation。  … If I am wholly or partially ruined; if my

tenants and farmers do not pay their rent;'2' if my lands or goods do

not bring half their value in the market; if the net proceeds of my

possessions are threatened with confiscation or pillage; not only have

I fewer securities to dispose of; but; again; I become more and more

uneasy about the future; over and above my immediate consumption I

have to provide for a prospective consumption; I add to my reserve

stores especially of coin and provisions; I hold on to the remnant of

my securities for myself and those who belong to me; they are no

longer available and I can no longer make loans or enter upon my

enterprise。  And; on the other hand; if the loan or enterprise;

instead of bringing me a profit; brings me loss; if the law is

powerless or fails to do me justice and adds extra to ordinary risks;

if my work once perfected is to become the prey of the government; of

brigands or of whoever pleases to seize it; if I am compelled to

surrender my wares and merchandise at one…half their cost; if I cannot

produce; put in store; transport or sell except by renouncing all

profit and with the certainty of not getting back my advances; I will

no longer make loans or enter upon any under…taking whatever。



Such is the disposition and situation of people able to make advances

in anarchical times; when the State falters and no longer performs its

customary service; when property is no longer adequately protected by

the public force; when jacqueries overspread the country and

insurrections break out in the towns; when chateaux are sacked;

archives burnt; shops broken into; provisions carried off and

transportation is brought to a halt; when rents and leases are no

longer paid; when the courts dare no longer convict; when the

constable no longer dares serve a warrant; when the gendarmerie holds

back; when the police fails to act; when repeated amnesties shield

robbers and incendiaries; when a revolution brings into local and

central power dishonest and impoverished adventurers hostile to every

one that possesses property of any kind。  … Such is the disposition

and situation of all who are in possession of the means to initiate

projects in socialistic times



* when the usurping State; instead of protecting private property;

destroys or seizes it;

* when it takes for itself the property of many of the great

corporations;

* when it suppresses legally established credits without indemnity;

* when; by dint of expenditure and the burdens this creates; it

becomes insolvent;

* when; through its paper…money and forced circulation; it annuls

indebtedness in the hands of the creditor; and allows the debtor to go

scot…free;

* when it arbitrarily seizes current capital;

* when it makes forced loans and requisitions;

* when its tax on productions surpasses the cost of production and on

merchandise the profit on its sale;

* when it constrains the manufacturer to manufacture at a loss and the

merchant to sell at a loss;

* when its principles; judged by its acts; indicate a progression from

partial to a universal confiscation。  …



Ineluctably every phase of disease engenders the evil which follows:

it is like a poison the effects of which spread or pass onwards。  Each

function; affected by the derangement of the adjacent one; becoming

disturbed in its turn。  The perils; mutilation and suppression of

property diminish available securities as well as the courage that

risks them; that is to say; the mode of; and disposition to; make

advances。  Through a lack of funds; useful enterprises languish; die

out or are not undertaken。  Consequently; the production; supply; and

sale of indispensable articles slacken; become interrupted and cease

altogether。  There is less soap and sugar and fewer candles at the

grocery; less wood and coal in the wood…yard; fewer oxen and sheep in

the markets; less meat at the butcher's; less grain and flour at the

corn…exchange; and less bread at the bakeries。  As articles of prime

necessity are scarce they become dear; as people contend for them

their dearness increases; the rich man ruins himself in the struggle

to get hold of them; while the poor man never gets any; and the bare

necessities become unattainable。



II。  Conditions in 1793。  A Lesson in Market Economics。



Economical effect of the Jacobin policy from 1789 to 1793。  … Attacks

on property。  … Direct attacks。  … Jacqueries; effective confiscations

and proclamation of the socialist creed。  … Indirect attacks。  … Bad

administration of the public funds。  … Transformation of taxation and

insignificance of the returns。  … Increased expenditures。  … The War…

budget and subsistence after 1793。  … Paper money。  … Enormous issues

of it。  … Credit of the Assignats run down。  … Ruin of Public

creditors and of all private credit。  … Rate of interest during the

Revolution。  … Stoppage of trade and industry。  … Bad management of

new land…owners。  … Decrease of productive labor。  … Only the small

rural land…owner works advantageously。  … Why he refuses Assignats。  …

He is no longer obliged to sell his produce at once。  … High cost of

food。  … It reaches a market with difficulty and in small quantities。

… The towns buy at a high price and sell at a low one。  … Food becomes

dearer and famine begins。  … Prices during the first six months of

1793。



Such is the hardship in France at the moment when the Jacobin conquest

has been completed; a misery of which the Jacobins are the cause due

to the systematic war they have waged against property during the

preceding four years。



From below; they have provoked; excused; amnestied; or tolerated and

authorized all the popular attacks on property;'3' countless

insurrections; seven successive jacqueries; some of them so extensive

as to cover eight or ten departments at the same time。  The last one

let loose on all France a universal and lasting brigandage; the

arbitrary rule of paupers; vagabonds and ruffians; every species of

robbery; from a refusal to pay rents and leases to the sacking of

chateaux and ordinary domiciles; even to the pillage of markets and

granaries。  Free scope was given to mobs which; under a political

pretext; tax and ransom the 〃suspects 〃 of all classes at pleasure;

not alone the noble and the rich but the peaceable farmer and well…to…

do artisan。  In short; the country reverted back to a natural state;

the sovereignty of a
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