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Correspondence & Conversations of Alexis de Tocque

Alexis de Tocqueville

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Book Excerpt: 
. . .become of those on the railways if they are suddenly stopped, as yours were in 1846? What will be the shock if the Crédit Foncier or the Crédit Mobilier fail, after having borrowed each its milliard? Everything seems to me to be preparing for one of your panics, and the Government has so identified itself with the state of prosperity and state of credit of the country that a panic must produce a revolution. The Government claims the merit of all that is good, and of course is held responsible for all that is bad. If we were to have a bad harvest, it would be laid to the charge of the Emperor.

'Of course,' he continued, 'I do not desire the perpetuation of the present tyranny. Its duration as a dynasty I believe to be absolutely impossible, except in one improbable contingency—a successful war.

'But though, I repeat, I do not desire or expect the permanence of the Empire, I do not wish for its immediate destruction, before we are prep. . . Read More

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