vents my entering on such a discussion, I am inclined to believe it no longer essential for arriving at the true merits of the question. Still, if such an investigation could be radically, and, what is especially important, historically conducted, it would not fail to be useful, in that it would tend still more convincingly to approve these ideas, and ascertain at the same time the possibility of their being put in practice, however materially modified,—for the once existing order of things in any political community would scarcely allow of their unmodified application. Leaving this inquiry however to the proper hands, I shall content myself here with a few general reflections. Every occupation, then, of whatever nature, is more efficiently performed if pursued for its own sake alone, rather than for the results to which it leads. So deeply grounded is this in human nature, that what has at first been chosen for its utility, in general becomes ultimately attractive in itself. Now this arises from nothing else than this, that action is dearer to human nature than mere possession, but action only in so far as it is spontaneous. It is just the most vigorous and energetic who would prefer inactivity to a course of labour to which they are constrained. Further, the idea of property gains proportionate strength with the idea of freedom, and it is to the feeling of property that we owe the most vigorous activity. The accomplishment of any great ultimate purpose supposes unity of plan. This requires no proof; and it is equally true of measures for the prevention of great calamities, famines, inundations, etc. But this unity might as easily proceed from national as from merely governmental arrangements. It is only necessary to extend to the nation and its different parts the freedom of entering into contracts. Between a national and a governmental institution there is always a vast and important difference. That has only an indirect—this, a direct influence; and