New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-05-08

Pan. Correspondence o. The Ju9uur.
PARIS. Apu 49, l-f.
No.. G,e.ieg s NrEtoh
GsSrLEMEN: Itwss not possible for me 70 al
,,s.. YOU bv the last Ocean steamer. was Vn-
AZ, the pressure Of events which have exacted al
nv time. and mainly IA regard to the forced IqoI-
5snon Of the Bank If the People You know that
lake gres, interest ia this affair 1t was ne
ee.,ary to collect together the scattered remnants
n the week aud set new vessel aioGt y make
,he same VOYAGE. This however. is now nearly
accomplished, though no. without some difficulty
10 consequence OF the condemnation which has
falen upon Proudhon, and which will not be Ell
faced by another decision. even should the decree
Of the Court Of Assizcs be annuled, II has become
orobsble that the vigorous athlete Of tic Econo-
mic Revolution will be obliged 10 withdraw from
active business life lie therefore consulted his
friends aud associates, hose unanimous advice
vss that he should retain, although absent, his
plsce at the head Of the Society. According TO
our laws the thing IS possible, and Proudhon had
,u,borized one of his best and Oldest friends -
,ign in his name. rs hrs representative. But he
had responsibility, the burden Of which is ord
narily not suffered 10 rest upon another and we
nj. friends W ere still in consultation and there was
some reason why we should not count upon so alb
mt a determination.
Everybody has been surprised at this llqplda
ton. and especially those interested In the Bank
The process was oasy, the Society not having
even been organized. II was done punctualy
and with the most rigorous exactness. All the
stockholders have been completely reimbursed,
and Proudhon alone bears the loss. The greater
no,tion of the stockholders have contributed
part Of their returns to pay the fine imposed upon
II Pcupe. II one thing, among thousand others
could aid in proving the unjust spirit OF perse-
cution which snimatcs the Government, 1t IS the
aaixing Of seals on the Office and treasury OF the
Bank of tho People, which has taken place IN
manner entirely illegal. Pfoudhon, having left an
a.,orneywiihf full pow er regularly appointed should
have been considered as present and at the head
Of his affairs But in cOniscating the establish
ment for a time. 1t WINS endeayOred to force HIM
into def catou, aud in that, thank God, the Minis
try has only succeeded in drawing upon itsclia
new shame Everything is now honorably settled.
Tho Office is opened to the public, but will soon
be closed or if it is opened again it will be for
The essential point to be proved is that the
idea in itself has received no check. The Inventor
witbdraws from the lists with the pow or OF com
inenciug anew but it IS probable that he Will not
undertake At. The experience of two months OF
propaganda has demonstrated that, even on the
part Of the people, there is around froudhon
neither sufficient attraction nor degree OF con-
hdenoe elevated enough to determine the moral
power a'one capable of establishing and maintain
me Reciprocal Credit The idea Of Transforming
our entire industrial mechanism ~ that of Old
Europe particularly-by the sole effect OF new
instrument of circulation, is evidently purely
theoretical view, which has no chance OF being
carried into execution by Itself Production must
be organized and Distribution regulated. Bust
ness must he dsentangled from al! the complma
tons of anarchy, IN order that circulation may be
established on a basis of value, having neither
the character of gold nor silver. - thought the
associates of Proudhon, and made all the success
OF the Bank of the People turn upoa the orgsni-
zation aud development OF Industrial Associations
1t has been found that Proudhon was united to this
idea through policy rather than convlcton-1hat he
sought, as managing Director, to compress rather
then give play to the principles ct organization
which came from other social schools AT the
moment of his flight he manifested IN all their
brutal energy. his convictions m thus respect. lie
forced hs friends to recall the veIitablc terms IN
which they had given their concurrence Tie
controversy which has arisen in respect 0l tins
matter is great misfortune bat the respons-
biity of 1t should not rest on his coadjutors
81. lao il TAR
having been favorable to Proudhon And, at bot
tom the public is not in the wrong. This man,
remarkable in more than one respect. possesses a
power Of destruction, a pride OF knowledge IN
compatible with all practical understandings and
with the government Of mankind. All his value lies
in his writings. Tho deN eopIaonto the most part
of hs theoretical ideas is still due US. But as a
statesman in political affairs aud as business
man IN industrial affairs hls part is play cd TO It's
end
Imay also say to you that 1t Is considered as q
benefit that the practical work OF Socialism is dis
embarrassed of his terrible and brutal fury. Il 4
ox.coadutors have Immediately associated to re-
sume the work. The past month has produced
the best results Two meetings have already
been held to hear the communications OF the Com
m,ttee of provisional organization These meet
ioss have had great success. You will find en-
closed a proof sheet OF the report of this meet
Ing. No one in France has yet received this
printed s,stcment, which will not be published
until to. morTow. In fine, there is reason to be
satisfied, and l am persuaded that the Industrial
Associations will create centre OF operation and
succeed much better by themselves than with
the concurrence of any particular system-mRker.
Iannounce TO you this movement a' serious and
susceptible Of great extension.
Ihaye thus written TO you at length, upon sub
ice, which sayors much of personal interest, and
which Won at a distance May perhaps consider as
secondary event but since the meeting OF the
Committee Of Luxembourg, under the presidency
OF Louis Blanc nothing has 50 greatly moved the
labsring classes, and there IS nothing more impo'
htc thsn the sct OF the Government which leaves
them stu under the prestige OF Proudhon name
increased hy persecution sod by the iseti'ioNs
power which has been accorded to him.