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History of merchant shipping and ancient commerce, Volume 3 (of 4)

Note 236 — Chapter XV

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It may be remembered that when the Assembly rejected certain important clauses of this foolish Bill, M. Thiers resigned. He, however, knew full well that at that moment the Assembly would submit to his wishes sooner than let itself be deprived of his services. It was only, therefore, in subserviency to him, that the retrogressive law of 1872 passed the Assembly. It may have been the case that, at this period of disorder and financial pressure, there was a rush of Protectionists to propound their schemes for raising revenues—schemes for making other people pay these debts—the cherished but delusive theories of bygone ages; but the main spring of action was the influence of M. Thiers. He was the Government of the day. He abhorred any opinions different from his own well-known principles in favour of Protection, which he urged with all his might, and, being then all-powerful, he carried the Assembly with him; and, that such was the case, is clearly evident from the fact that, immediately after his overthrow, the laws he had forced upon France were changed, and the limited liberties of its people, which he had removed, were again restored.

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