Sophisms of the Protectionists
SOPHISMS OF THE PROTECTIONISTS. BY THE LATE M. FREDERIC BASTIAT, _Member of the Institute of France_. * * * * * Part I. Sophisms of Protection--First Series. Part II. Sophisms of Protection--Second Series. Part III. Spoliation and Law. Part IV. Capital and Interest.
to erect four rows of dwellings."
"But it is too far out for that," was naturally objected.
"Oh, no. Not a rod. The city is rapidly growing in that direction. I
have only to put up the dwellings referred to, and dozens will be
anxious to purchase lots, and build all around them. Won't the
ground to the left of that you speak of answer as well?"
But the committee replied in the negative. The lot they had
mentioned was the one decided upon as most suited for the purpose,
and they were not prepared to think of any other location.
All this Smith understood very well. He was not only willing, but
anxious for the city to purchase the lot they were negotiating for.
All he wanted was to get a good round price for the same--say four
or five times the real value. So he feigned indifference, and threw
difficulties in the way.
A few years previous to this time, Smith had purchased a
considerable tract of land at the north of the then flourishing
village, at fifty dollars an acre. Its present value was about three
hundred dollars an acre.
After a good deal of talk on both sides, Smith finally agreed to
sell the particular lot pitched upon. The next thing was to arrange
SOPHISMS OF THE PROTECTIONISTS. BY THE LATE M. FREDERIC BASTIAT, _Member of the Institute of France_. * * * * * Part I. Sophisms of Protection--First Series. Part II. Sophisms of Protection--Second Series. Part III. Spoliation and Law. Part IV. Capital and Interest.