E-text prepared by Sankar Viswanathan and the Project Gutenberg Online Distributed Proofreading Team (https://www.pgdp.net) from page images generously made available by the Making of America Collection of the University of Michigan Library (http://www.hti.umich.edu/m/moagrp/) Note: Images of the original pages are available through the Making of America Collection of the University of Michigan Library. See http://www.hti.umich.edu/m/moagrp/ WHAT IS FREE TRADE? An Adaptation of Frederick Bastiat's "Sophismes Économiques" Designed for the American Reader by EMILE WALTER A Worker New York: G. P. Putnam & Son, 661 Broadway The New York Printing Company, 81, 83, And 85 Centre Street, New York 1867 CONTENTS. CHAPTER I. Plenty and Scarcity CHAPTER II. Obstacles to Wealth and Causes of Wealth CHAPTER III. Effort--Result CHAPTER IV. Equalizing of the Facilities of Production CHAPTER V. Our Productions are Overloaded with Internal Taxes CHAPTER VI. Balance of Trade CHAPTER VII. A Petition CHAPTER VIII. Discriminating Duties CHAPTER IX. A Wonderful Discovery CHAPTER X. Reciprocity CHAPTER XI. Absolute Prices CHAPTER XII. Does Protection raise the Rate of Wages? CHAPTER XIII. Theory and Practice CHAPTER XIV. Conflict of Principles CHAPTER XV. Reciprocity Again CHAPTER XVI. Obstructed Rivers plead for the Prohibitionists CHAPTER XVII. A Negative Railroad CHAPTER XVIII. There are no Absolute Principles CHAPTER XIX. National Independence CHAPTER XX. Human Labor--National Labor CHAPTER XXI. Raw Material CHAPTER XXII. Metaphors CHAPTER XXIII. Conclusion INTRODUCTION.