At the same time that the
reaction against speculators was effected, the common sense of
the public did justice to the numerous official plans of
organization, much inferior in wisdom to the existing law, much
less in harmony with the usages of commerce, much less liberal,
after 1830, than the conceptions of the imperial Council of
State! Now order is restored in everything, and the commercial
code has preserved its integrity, its excellent integrity. When
commerce needs it, it finds, by the side of partnership,
temporary partnership, and the joint-stock company, the free
silent partnership, tempered only by the prudence of the silent
partners and by the provisions of the penal code regarding
swindling."--Troplong: Civil and Commercial Societies: Preface.
What a philosophy is that which rejoices in the miscarriage of
reformatory endeavors, and which counts its triumphs by the
NEGATIVE RESULTS of the spirit of inquiry! We cannot now enter
upon a more fundamental criticism of the civil and commercial
societies, which have furnished M.
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