The History of French Revolution. Taine Hippolyte

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are suppressed without compensation, and by the same stroke.—This is the commencement of the great revolutionary operation, that is to say, of the universal bankruptcy which, directly or indirectly, is to destroy all contracts, and abolish all debts in France. Violations of property, especially of private property, cannot be made with impunity. The Assembly desired to lop off only the feudal branch; but, in admitting that the State can annul, without compensation, the obligations which it has guaranteed, it put the ax to the root of the tree, and other rougher hands are already driving it in up to the haft.

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