The number of twenty-four million proprietors perceptibly tends to increase. I maintain that it perceptibly tends to decrease. Who is the real proprietor, in your opinion,--the nominal holder, assessed, taxed, pawned, mortgaged, or the creditor who collects the rent? Jewish and Swiss money-lenders are today the real proprietors of Alsace; and proof of their excellent judgment is to be found in the fact that they have no thought of acquiring landed estates: they prefer to invest their capital. To the landed proprietors must be added about fifteen hundred thousand holders of patents and licenses, or, assuming four persons to a family, six million individuals interested as leaders in industrial enterprises. But, in the first place, a great number of these licensed individuals are landed proprietors, and you count them twice. Further, it may be safely said that, of the whole number of licensed manufacturers and merchants, a fourth at most realize profits, another fourth hold their own, and the rest are constantly running behind in their business. Take, then, half at most of the six million so-called leaders in enterprises, which we will add to the very problematical twelve million landed proprietors, and we shall attain a total of fifteen million Frenchmen in a position, by their education, their industry, their capital, their credit, their property, to engage in competition. For the rest of the nation, or nineteen million souls, competition, like Henri IV.'s pullet in the pot, is a dish which they produce for the class which can pay for it, but which they never touch. Another difficulty. These nineteen million men, within whose reach competition never comes, are hirelings of the competitors. In the same way formerly the serfs fought for the lords, but without being able themselves to carry a banner or put an army on foot. Now, if competition cannot by itself become the common condition, why should not those for whom it offers nothing but perils, exact guarantees from the barons whom they serve? And if these guarantees can not be denied them, how could they be other than barriers to competition, just as the truce of God, invented by the bishops, was a barrier to feudal wars? By the constitution of society, I said a little while ago, competition is an exceptional matter, a privilege; now I ask how it is possible for this privilege to coexist with equality of rights? And think you, when I demand for consumers and wage-receivers guarantees against competition, that it is a socialist's dream? Listen to two of your most illustrious confreres, whom you will not accuse of performing an infernal work.