New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-04-30
Frederick lsustiat.


from the galveston tIeA) news
In the first year Of this century, at Bayonne, was
born Frederick Bastiat. The son of a merchant
he became, not an adept in business, as might
have been expected, but business philosopher.
His written words are founded on the idea of the
harmony of human interests. Admitting that per-
sonal interest is the main spring of action, he
tended that the socaization of this principle would
produce harmony and prosperity. He took great
trouble to show not only that men cherished their
own preiudiCes to the detriment of their real i'll
terest, but that those prejudGes deity played
upon by the evil leaders OF the race When the
press of France was fostering q feeling of bitter
ness against England, by quoting from speech of
Sir Robert Peel, off we ADOPT this course we
shall fall like France, to the lowest level of civil
lied nations" his clear. human instinct convinced
him that there was something wrong; he sub
scrihed for the Parliamentary Debates, and found
that the words * like France" were not in the
original speech, but had been maiiciously intro
duced into the French version.
Bastats argument against protection con-
tanned in his " candle-makers' petition to the
chamber of Deputies put the subject in clearer
light than all the reasoning of Adam and Smith.
The candle-makers say they are suffering from the
intoerable competition of foreign rival placed,
it would seem, in condition far superior to theirs
for the producing of iightat price fabulousy re-
duced. It turns out that this rival is no other than
the sun; and the petition prays for law ordering
the shutting up of all windows, sky Lights, dormer
windows, outside and inside shutters, curtains,
bulls eyes, openings, cletts, assures and chnks.
IniS VIII CFeaLe ueillauQ LOT tdloW, ana liat lOT
| oxen and sheep, and hey for meadows The de-
mlnd for oil will create navy capable of com
| peting with England A great demand for gid
ings bronzes, candelehra, candle sticks, ETC., will
| be created
In answer to the objection that if the candle
makers gain by this protection the country will
| lose, because the consumer must bear the loss,
the petition says the deputies have ceased to have
any right to that doctrine, since wherever the in
| terest of the consumer is opposed to that of the
| nv the former sacrificed. In TpOlV tD the
objection that the SUMS light is gift of nature
and that to reject such gifts is to reject wealth
itself under pretense of encouraging the means Of
acquiring, the petition says Lisbon orange sells
| for half the price of Paris orange, because ma
tural and consequently gratuitous, heat does fol
the one what artificial, and therefore expensive
| heat must do for the other. ..9n"-'l
/ When orange comes from Portugal it is fur
hlshed i'll part gratuitousy in part for consldera
ton; in other words, it comes at half price a:
compared with those of Paris. When products
such as coal! iron textile fabrics are sent iron
ABROAD, and we can acquire them with less labo
is free "" a, made them for ourselves the derenc
ID d Tree gut conferred upon US. The gift is NOR
or less considerable in pronortion as the diferenc
Is more or less great,
~, nasuaI Its exposure of the Fictitious nature c
'h1 meaii, produced by an enlargement of tn
! volume of the currency is equally i5minons re
men sat down to play game, in which thew stake
each hundred dollars. Each man was provide
dollars IH When H. eaeh counter representing te
ceived as many times ten dollars as he bannene
to have counters. One Of the party, more Of :
l arithmetlcan than logieian remarked that he a
ways found himself richer at the end of the ran
E in proportion as he had greater number of con-
r tiers, and remarked to the others: /" What holds
S my case must hold in yours; for what is true
c each must be true of ALL" He proposed, Their
f fore, that each should have double the form
number OF counters. Double the number we
= Distributed but when the party rose finally fro
. play, they found themselves richer than befor
t The stake had not been increased, and fell to
o proportionally divided. Each man had, no dout
double the number of counters; but each counte