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In the interest of our navy the government had thought it best to grant to outfitters of transport-ships a premium for every man employed on their vessels. Now, I continue to quote M. Reybaud: On every vessel that starts for Newfoundland from sixty to seventy men embark.

And M. Reybaud then points out the disastrous consequences of reciprocity: France consumes five hundred thousand bales of cotton, and the Americans land them on our wharves; she uses enormous quantities of coal, and the English do the carrying thereof; the Swedes and Norwegians deliver to us themselves their iron and wood; the Dutch, their cheeses; the Russians, their hemp and wheat; the Genoese, their rice; the Spaniards, their oils; the Sicilians, their sulphur; the Greeks and Armenians, all the commodities of the Mediterranean and Black seas."

M. Louis Reybaud, novelist by profession, economist on occasion, breveted by the Academy of Moral and Political Sciences for his anti-reformatory caricatures, and become, with the lapse of time, one of the writers most hostile to social ideas, M. Louis Reybaud, whatever he may do, is none the less profoundly imbued with these same ideas: the opposition which he thus exhibits is neither in his heart nor in his mind; it is in the facts.

M. Reybaud repeats, with greater emphasis, the wail of his master, M. Dunoyer: one would think them the two seraphim of Isaiah chanting a Sanctus to competition.

But, it will be said, MM. Blanqui and Rossi mean to strike only the ABUSES of competition; they have taken care not to proscribe the PRINCIPLE, and in that they are thoroughly in accord with MM. Reybaud and Dunoyer. I protest against this distinction, in the interest of the fame of the two professors. In fact, abuse has invaded everything, and the exception has become the rule.

In June, 1844, at the time when he published the fourth edition of his "Contemporary Reformers," M. Reybaud wrote, in the bitterness of his soul: To socialists we owe the organization of labor, the right to labor; they are the promoters of the regime of surveillance. . . . The legislative chambers on either side of the channel are gradually succumbing to their influence. . . . Thus utopia is gaining ground. . . .

If I could be understood by M. Reybaud, I would say to him: Take your stand in favor of competition, you will be wrong; take your stand against competition, still you will be wrong: which signifies that you will always be right.

Do you accept the wager? To better prepare M. Reybaud for this sort of reconciliation with himself, let us show him first that this versatility of judgment, for which anybody else in my place would reproach him with insulting bitterness, is a treason, not on the part of the writer, but on the part of the facts of which he has made himself the interpreter.

M. Reybaud, in my opinion, belongs rather to the category of dupes, which includes in its bosom so many honest people and people of so much brains. M. Reybaud will remain, then, in my eyes, the vir probus dicendi peritus, the conscientious and skilful writer, who may easily be caught napping, but who never expresses anything that he does not see or feel.

Though authority can do nothing towards the solution of this problem, association COULD DO EVERYTHING. M. Reybaud speaks here like a writer of the phalansterian school. . . . M. Reybaud had advanced a little, as one may see. Endowed with too much good sense and good faith not to perceive the precipice, he soon felt that he was straying, and began a retrograde movement.