Front Page Titles (by Subject) 23.: Letter to Félix Coudroy - The Collected Works of Frédéric Bastiat. Vol. 1: The Man and the Statesman: The Correspondence and Articles on Politics
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23.: Letter to Félix Coudroy - Frédéric Bastiat, The Collected Works of Frédéric Bastiat. Vol. 1: The Man and the Statesman: The Correspondence and Articles on Politics 
The Collected Works of Frédéric Bastiat. Vol. 1: The Man and the Statesman: The Correspondence and Articles on Politics, translated from the French by Jane and Michel Willems, with an introduction by Jacques de Guenin and Jean-Claude Paul-Dejean. Annotations and Glossaries by Jacques de Guenin, Jean-Claude Paul-Dejean, and David M. Hart. Translation editor Dennis O’Keeffe (Indianapolis: Liberty Fund, 2011).
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Letter to Félix Coudroy
Madrid, 16 July 1840
[vol. 1, p. 32]
My dear Félix, I thank you for your fine letters dated 1st and 6th July; my aunt also took the trouble to write to me so that, up to now, I have received news often and I need it. I cannot say that I am bored, but I am so unused to living far from home that I am happy only on the days I receive letters.
You are doubtless curious to know where we are with our insurance company. I am now almost certain that we will succeed. A great deal of time is necessary to win over the Spaniards whose names we need, and then much more is required to operate such a huge machine with inexperienced people. But I am convinced that we will reach our goal. The share that Soustra and I should be having in the profits, as the founders, has not been settled. It is a delicate matter to which we are not referring, since neither of us is very bold in this connection. This being so, we will defer to the decision of the Board of Directors. For me, this will be a subject on which to gain experience and make observations. Let us see whether the Spanish, who are so suspicious, so reserved, and so unapproachable, are honest and great when they know people. Apart from this matter, our business is progressing slowly but surely. Right now, we have the key to the whole matter, nine names from which to form a board, and names that are so well known and honorable that it seems impossible that anyone will think of competing with us. This evening there will be a meeting to examine the statutes and conditions and I hope that at the first round the company’s articles of association will be signed. When this is done, perhaps I will return to France to see my aunt and attend the session of the General Council. If I can do this at all, I will. But I will then have to return to Spain, because the company will give me the opportunity to make a complete journey free of charge. Up to now, I cannot say that I have traveled much. With my two companions, I have not entered a single Spanish house, apart from the stores. The heat has canceled all public meetings, balls, theater performances, and bullfights. Our room and a few offices, the French restaurant and the walk to the Prado form the circle from which we do not stray. I would like to take my revenge soon. Soustra leaves on the 26th as he is needed in Bayonne. Read all of this to my aunt, whom I embrace fondly.
The most marked characteristic of the Spanish nature is its hatred and suspicion of foreigners. I think this is a genuine vice, but it must be said that it is encouraged by the self-conceit and trickery of many foreigners. They blame and ridicule everything; they criticize the cooking, the furniture, the rooms, and all the customs of the country because in fact the Spanish pay little attention to life’s comforts. However, we who know, my dear Félix, to what extent individuals, families, and nations can be happy without enjoying these types of material comforts will be in no hurry to condemn Spain. These foreigners will arrive with their pockets full of plans and absurd projects, and because people do not rush to acquire their shares they become annoyed and cry ignorance and stupidity. This rush of swindlers at first did us a great disservice and will continue to do so to any good business. For my part, I am pleased to think that Spanish suspicion will prevent the nation from falling into the trap, since the foreigners, once they have brought their plans, if they want them to succeed, will be forced to bring in capital and in many instances French workers.
Please give me news of Mugron from time to time, my dear Félix; you know how much homesickness overcomes us when we are far away.
Farewell, my dear Félix; please remember me to your sister.