5459. MONOPOLY, Tobacco.—[further continued]
The effect of this operation
was vitally felt by every farmer in America,
concerned in the culture of this plant. At
the end of the year, he found he had lost a
fourth or a third of his revenue; the State, the
same proportion of its subjects of exchange
with other nations. The manufacturers of this
country [France], too, were either not to go
there at all, or go through the channel of a
new monopoly, which, freed from the control
of competition in prices and qualities, was not
likely to extend their consumption. It became
necessary to relieve the two countries from the
fatal effects of this double monopoly.—
To Count de Montmorin. Washington ed. ii, 187.
(P.
1787)
