Now, who, among the jurisconsults and economists, has ever approached even within a thousand leagues of this magnificent and yet so simple idea? "I do not think," says M. Troplong, "that the spirit of association is called to greater destinies than those which it has accomplished in the past and up to the present time. . . ; and I confess that I have made no attempt to realize such hopes, which I believe exaggerated. . . . There are well-defined limits which association should not overstep. No! association is not called upon in France to govern everything. The spontaneous impulse of the individual mind is also a living force in our nation and a cause of its originality. . . . "The idea of association is not new. . . . Even among the Romans we see the commercial society appear with all its paraphernalia of monopolies, corners, collusions, combinations, piracy, and venality. . . . The joint-stock company realizes the civil, commercial, and maritime law of the Middle Ages: at that epoch it was the most active instrument of labor organized in society. . . . From the middle of the fourteenth century we see societies form by stock subscriptions; and up to the time of Law's discomfiture, we see their number continually increase. . . . What! we marvel at the mines, factories, patents, and newspapers owned by stock companies! But two centuries ago such companies owned islands, kingdoms, almost an entire hemisphere. We proclaim it a miracle that hundreds of stock subscribers should group themselves around an enterprise; but as long ago as the fourteenth century the entire city of Florence was in similar silent partnership with a few merchants, who pushed the genius of enterprise as far as possible. Then, if our speculations are bad, if we have been rash, imprudent, or credulous, we torment the legislator with our cavilling complaints; we call upon him for prohibitions and nullifications. In our mania for regulating everything, EVEN THAT WHICH IS ALREADY CODIFIED; for enchaining everything by texts reviewed, corrected, and added to; for administering everything, even the chances and reverses of commerce,--we cry out, in the midst of so many existing laws: `There is still something to do!'" M. Troplong believes in Providence, but surely he is not its man.