- 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.
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