I only discuss here a question of principle. If I wished to investigate the subject of premiums for exportation, as shown in their economical effects, I could place them in the most ridiculous light, for they are nothing more than a gratuitous gift made by France to foreigners. It is not the seller who receives it, but the purchaser, in virtue of that law which you yourself have stated with regard to taxes; the consumer in the end supports all the charges, as he reaps all the advantages of production. Thus we are brought to the subject of premiums, one of the most mortifying and mystifying things possible. Some foreign governments have reasoned thus: 'If we raise our import duties to a figure equal to the premium paid by the tax-payers in France, it is clear that nothing will be changed as regards our consumers, for the net price will remain the same. The goods reduced by five francs on the French frontier, will pay five francs more at the German frontier; it is an infallible means of paying our public expenses out of the French Treasury.' But other governments, they assure me, have been more ingenious still. They have said to themselves, 'The premium given by France is properly a present she makes us; but if we raise the duty, no reason would exist why more of those particular goods should be imported than in past times; we ourselves place a limit on the generosity of these excellent French people; let us abolish, on the contrary, provisionally, these duties; let us encourage, for instance, an unusual introduction of cloths, since every yard brings with it an absolute gift.' In the first case, our premiums have gone to the foreign exchequer; in the second they have profited, but upon a larger scale, private individuals. Let us pass on to restriction.