"Why should I not confess it, gentlemen? I have aspired to your suffrages and sought the title of your pensioner, hating all which exists and full of projects for its destruction; I shall finish this investigation in a spirit of calm and philosophical resignation. I have derived more peace from the knowledge of the truth, than anger from the feeling of oppression; and the most precious fruit that I could wish to gather from this memoir would be the inspiration of my readers with that tranquillity of soul which arises from the clear perception of evil and its cause, and which is much more powerful than passion and enthusiasm. My hatred of privilege and human authority was unbounded; perhaps at times I have been guilty, in my indignation, of confounding persons and things; at present I can only despise and complain; to cease to hate I only needed to know. "It is for you now, gentlemen, whose mission and character are the proclamation of the truth, it is for you to instruct the people, and to tell them for what they ought to hope and what they ought to fear. The people, incapable as yet of sound judgment as to what is best for them, applaud indiscriminately the most opposite ideas, provided that in them they get a taste of flattery: to them the laws of thought are like the confines of the possible; to-day they can no more distinguish between a savant and a sophist, than formerly they could tell a physician from a sorcerer. 'Inconsiderately accepting, gathering together, and accumulating everything that is new, regarding all reports as true and indubitable, at the breath or ring of novelty they assemble like bees at the sound of a basin.' [4] "May you, gentlemen, desire equality as I myself desire it; may you, for the eternal happiness of our country, become its propagators and its heralds; may I be the last of your pensioners! Of all the wishes that I can frame, that, gentlemen, is the most worthy of you and the most honorable for me. "I am, with the profoundest respect and the most earnest gratitude, "Your pensioner, "P. J. PROUDHON." Two months after the receipt of this letter, the Academy, in its debate of August 24th, replied to the address of its pensioner by a note, the text of which I give below:-- "A member calls the attention of the Academy to a pamphlet, published last June by the titulary of the Suard pension, entitled, "What is property?" and dedicated by the author to the Academy. He is of the opinion that the society owes it to justice, to example, and to its own dignity, to publicly disavow all responsibility for the anti-social doctrines contained in this publication. In consequence he demands: "1. That the Academy disavow and condemn, in the most formal manner, the work of the Suard pensioner, as having been published without its assent, and as attributing to it opinions diametrically opposed to the principles of each of its members;