But the Bonapartist slum-proletariat is
to enrich itself. Peculation is carried on with railroad concessions
on the Bourse by the initiated; but no capital is forthcoming for the
railroads. The bank then pledges itself to make advances upon railroad
stock; but the bank is itself to be exploited; hence, it must be
cajoled; it is released of the obligation to publish its reports weekly.
Then follows a leonine treaty between the bank and the Government. The
people are to be occupied: public works are ordered; but the public
works raise the tax rates upon the people; thereupon the taxes are
reduced by an attack upon the national bond-holders through the
conversion of the five per cent "rentes" [#9 The name of the French
national bonds.] into four-and-halves. Yet the middle class must again
be tipped: to this end, the tax on wine is doubled for the people, who
buy it at retail, and is reduced to one-half for the middle class, that
drink it at wholesale. Genuine labor organizations are dissolved, but
promises are made of future wonders to accrue from organization.
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