I ask M. Renouard's permission to translate his thought by reversing his phrase: Regulation was a corrective of privilege. For whoever says regulation says limitation: now, how conceive of limiting privilege before it existed? I can conceive a sovereign submitting privileges to regulations; but I cannot at all understand why he should create privileges expressly to weaken the effect of regulations. There is nothing to prompt such a concession; it would be an effect without a cause. In logic as well as in history, everything is appropriated and monopolized when laws and regulations arrive: in this respect civil legislation is like penal legislation. The first results from possession and appropriation, the second from the appearance of crimes and offences. M. Renouard, preoccupied with the idea of servitude inherent in all regulation, has considered privilege as a compensation for this servitude; and it was this which led him to say that PRIVILEGES ARE A CORRECTIVE OF REGULATION. But what M. Renouard adds proves that he meant the opposite: The fundamental principle of our legislation, that of granting temporary monopoly as a condition of a contract between society and the laborer, has always prevailed, etc. What is, in reality, this grant of a monopoly? A simple acknowledgment, a declaration. Society, wishing to favor a new industry and enjoy the advantages which it promises, BARGAINS with the inventor, as it has bargained with the farmer; it guarantees him the monopoly of his industry for a time; but it does not create the monopoly. The monopoly exists by the very fact of the invention; and the acknowledgment of the monopoly is what constitutes society. This ambiguity cleared up, I pass to the contradictions of the law. All industrial nations have adopted the establishment of a temporary monopoly as a condition of a contract between society and the inventor. . . . . I do not take readily to the belief that all legislators of all countries have committed robbery. M. Renouard, if ever he reads this work, will do me the justice to admit that, in quoting him, I do not criticise his thought; he himself has perceived the contradictions of the patent law. All that I pretend is to connect this contradiction with the general system.