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work。 Great quantities of wine and salt were exported to the



Spanish Netherlands; while the silks; the velvets; as also



especially the articles of luxury of French manufacture; were sold



in considerable quantities in the Netherlands; England; Spain; and



Portugal。 Owing to this cause a great deal of Spanish gold and



silver got into circulation in France at an early period。



    But the palmy days of French industry first commenced with



Colbert。



    At the time of Mazarin's death; neither manufacturing industry;



commerce; navigation; nor the fisheries had attained to importance;



while the financial condition of the country was at its worst。



    Colbert had the courage to grapple single…handed with an



undertaking which England could only br ing to a successful issue



by the persevering efforts of three centuries; and at the cost of



two revolutions。 From all countries he obtained the most skilful



workmen; bought up trade secrets; and procured better machinery and



tools。 By a general and efficient tariff he secured the home



markets for native industry。 By abolishing; or by limiting as much



as possible; the provincial customs collections; by the



construction of highways and canals; he promoted internal traffic。



These measures benefited agriculture even more than manufacturing



industry because the number of consumers was thereby doubled and



trebled; and the producers were brought into easy and cheap



communication with the consumers。 He further promoted the interests



of agriculture by lowering the amounts of direct imposts levied



upon landed property; by mitigating the severity of the stringent



measures previously adopted in collecting the revenue; by



equalising the incidence of taxation; and lastly by introducing



measures for the reduction of the rate of interest。 He prohibited



the exportation of corn only in times of scarcity and high prices。



To the extension of the foreign trade and the promotion of



fisheries he devoted special attention。 He re…established the trade



with the Levant; enlarged that with the colonies; and opened up a



trade with the North。 Into all branches of the administration he



introduced the most stringent economy and perfect order。 At his



death France possessed 50;000 looms engaged in the manufacture of



woollens; she produced annually silk manufactures to the value of



50 millions of francs。 The State revenues had increased by 28



millions of francs。 The kingdom was in possession of flourishing



fisheries; of an extensive mercantile marine; and a powerful



navy。(1*)



    A century later; the economists have sharply censured Colbert;



and maintained that this statesman had been anxious to promote the



interests of manufactures at the expense of agriculture: a reproach



which proves nothing more than that these authorities were



themselves incapable of appreciating the nature of manufacturing



industry。(2*)



    If; however; Colbert was in error in opposing periodical



obstacles to the exportation of raw materials; yet by fostering the



growth and progress of native industries he so greatly increased



the demand for agricultural produce that he gave the agricultural



interest tenfold compensation for any injury which he caused to it



by the above…named obstacles。 If; contrary to the dictates of



enlightened statesmanship; he prescribed new processes of



manufacture; and compelled the manufacturers by penal enactments to



adopt them; it should be borne in mind that these processes were



the best and the most profitable known in his day; and that he had



to deal with a people which; sunk into the utmost apathy by reason



of a long despotic rule; resisted every innovation even though it



was an improvement。



    The reproach; however; that France had lost a large portion of



her native industry through Colbert's protective system; could be



levelled against Colbert only by that school which utterly ignored



the revocation of the Edict of Nantes with its disastrous



consequences。 In consequence of these deplorable measures; in the



course of three years after Colbert's death half a million of the



most industrious; skilful; and thriving inhabitants of France were



banished; who; consequently; to the double injury of France which



they had enriched; transplanted their industry and their capital to



Switzerland; to every Protestant country in Germany; especially to



Prussia; as also to Holland and England。 Thus the intrigues of a



bigoted courtesan ruined in three years the able and gifted work of



a whole generation; and cast France back again into its previous



state of apathy; while England; under the aegis of her



Constitution; and invigorated by a Revolution which called forth



all the energies of the nation; was prosecuting with increasing



ardour and without intermission the work commenced by Elizabeth and



her predecessors。



    The melancholy condition to which the industry and the finances



of France had been reduced by a long course of misgovernment; and



the spectacle of the great prosperity of England; aroused the



emulation of French statesmen shortly before the French Revolution。



Infatuated with the hollow theory of the economists; they looked



for a remedy; in opposition to Colbert's policy; in the



establishment of free trade。 It was thought that the prosperity of



the country could be restored at one blow if a better market were



provided for French wines and brandies in England; at the cost of



permitting the importation of English manufactures upon easy terms



(a twelve per cent duty)。 England; delighted at the proposal;



willingly granted to the French a second edition of the Methuen



Treaty; in the shape of the so…called Eden Treaty of 1786; a copy



which was soon followed by results not less ruinous than those



produced by the Portuguese original。



    The English; accustomed to the strong wines of the Peninsula;



did not increase their consumption to the extent which had been



expected; whilst the French perceived with horror that all they had



to offer the English were simply fashions and fancy articles; the



total value of which was insignificant : whereas the English



manufacturers; in all articles of prime necessity; the total amount



of which was enormous; could greatly surpass the French



manufacturers in cheapness of prices; as well as in quality of



their goods; and in granting of credit。 When; after a brief



competition; the French manufacturers were brought to the brink of



ruin; while French wine…growers had gained but little; then the



French Government sought to arrest the progress of this ruin by



terminating the treaty; but only acquired the conviction that it is



much easier to ruin flourishing manufactories in a few years than



to revive ruined manufactories in a whole generation。 English



competition had engendered a taste for English goods in France; the



consequence of which was an extensive and long…continued contraband



trade which it was difficult to suppress。 Meanwhile it was not so



difficult for the English; after the termination of the treaty; to



accustom their palates again to the wines of the Peninsula。



    Notwithstanding that the commotions of the Revolution and the



incessant wars of Napoleon could not have been favourable to the



prosperity of French industry notwithstanding that the French lost



during this period most of their maritime trade and all their



colonies; yet French manufactories; solely from their exclusive



possession of their home markets; and from the abrogation of feudal



restrictions; attained during the Empire 

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