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Updated: May 19, 2025
Branches of the company over all France and a complete public administration were to complete the system, which should have as its object the organisation and centralisation of exchange of products in return for products, according to the formulæ of J. B. Say, with as little money as possible, as few intermediaries as possible, with the least possible expense, and for the exclusive benefit of producers and consumers.
And with their desires fixed on these as needful, their attitude towards the political centralisation planned by their common ruler, often betrayed both ignorance and inconsistency. At various epochs some degree of imperialism for the Netherland group had been quite to popular taste.
Was there ever in the world such prodigious nonsense? What French sources, what French models? If French models point in any one direction rather than another, it is away from disintegration and straight towards centralisation. Everybody knows that this is one of the most notorious facts of French history from the days of Lewis XI. or Cardinal Richelieu down to Napoleon Bonaparte.
By the amalgamation of the Jewish charities is not to be understood the depriving of any of the present institutions of their funds, or of their control over them, nor do I wish to divert legacies or the accumulations of years from their legitimate channels, but to secure an efficient centralisation, with wholesome and necessary control; for it must be admitted that, independent of the money so liberally bestowed by the wealthy portion of the Jews, the humblest as well as the most distinguished give continually large sums in proportion to their incomes.
But in France and England, where the centralisation is far less complete, the success of the socialistic party and its achievement of supreme power would mean an almost entire subversal of all established methods of administration, for all the threads would have first to be gathered into a single hand.
They pick up and deposit in their baskets, by aid of their rakes, whatever they may find, with the same facility as a Chinaman uses his chopsticks. Paris is a city of centralisation and centralisation and classification are closely allied. In the early times, when centralisation is becoming a fact, its forerunner is classification.
Electors who voted for Jefferson thought he stood for principles exactly opposite to those of Adams. His antipathy to Hamilton was the best guarantee against centralisation being continued under his management.
The monarchy had imposed administrative centralisation upon France without securing national unity. Thus the great provinces that had been slowly added one after the other to the monarchy, while becoming members of the same kingdom, still retained different institutions and isolated usages.
A question, perhaps, of common sense of realising that local institutions often work with less friction and less outlay than that system of governmental centralisation of which the carbineers are an example. Meanwhile we are still at Alatri which, I am glad to discover, possesses five gateways five or even more. It is something of a relief to be away from that Roman tradition of four.
But we are a long way yet from any such achievement, and if it is the case that the rapid centralisation of banking power in comparatively few hands carries with it the danger of an attempt to nationalise a business which requires, above all, extreme adaptability and sensitiveness to the needs of the moment as they arise, this is certainly a danger which has to be carefully considered by those who are responsible for the development of these amalgamation processes.
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