Note A2-1-15 — Chapter III
John J. (John Joseph) Lalor translation
Even Colbert says: nothing is more precious in a state than the labor of men (Lettres, Instructions et Mémoires de C. publiés par P. Clement, 1861 ff., II, 105). The great trade with foreign countries and the small trade in the interior contribute equally to the welfare of nations. (II, 548.) I would not hesitate to do away with all privileges, the moment I found that greater or as great advantages attended their abolition. (II, 694.) His duty-system of 1664 was a simplification, but also an important diminution of his earlier chaotic tariff. (II, 787 ff.)