The Gallery of Portraits: with Memoirs. Volume 4 (of 7)Malkin, Arthur Thomas
History
The Gallery of Portraits: with Memoirs. Volume 4 (of 7)
Malkin, Arthur Thomas
Biography
By another regulation, which shows a mind advanced
beyond the prejudices of his day, liberty was granted to the nobility to
enter into commerce, and for a time to lay down their rank; with the
power of resuming it, when the purpose of their temporary industry had
been answered. Thus far the valuable services, and the enlightened views
of the minister, will be acknowledged by all; but when it is added that
the infant manufactures of France were propped by prohibitory laws,
minute regulations, and protecting duties, the agreement ceases; and the
two great parties which respectively support and oppose free trade, will
judge him in accordance to their opinions on this important subject. So
also with respect to another great question, the free or limited
exportation of corn. M. Necker, in his ‘Eloge de Colbert,’ has argued
strongly in favour of the course which the minister pursued, of opening
and shutting the ports by royal edict, as the exigencies of the season
seemed to require; and his authority is entitled to respect, from those
who hesitate to admit the soundness of his arguments on this subject.
But whatever judgment be passed on Colbert’s policy touching these
questions, it should not be forgotten, in estimating his character, that
at the time, political economy had no existence as a science, and that
he had to think out for himself the principles which conduct nations to
wealth and happiness. What wonder then if old prejudices did sometimes
stand in his way, or if he deviated from the straight line to his
object, where there was no track to guide him?
Public-domain text, read in full here on John Shaqi.
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