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[JEAN BAPTISTE] LEON SAY (1826-1896)

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Originally appearing in Volume V24, Page 276 of the 1911 Encyclopedia Britannica.
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JEAN See also:BAPTISTE] See also:LEON SAY (1826-1896)  , See also:French statesman and economist, was See also:born in See also:Paris on the 6th of See also:June 1826 . The See also:family was a most remarkable one . His grandfather See also:JEAN See also:BAPTISTE SAY (q.v.) was a well-known economist . His See also:brother See also:Louis AUGvsTE SAY (1774-1840), director of a See also:sugar refinery at See also:Nantes, wrote several books against his theories . His son See also:HORACE EMILE SAY (1794-1860), the See also:father of See also:Leon Say, was educated at See also:Geneva, and had travelled in See also:America before establishing himself in business in Paris, where he became See also:president of the Chamber of See also:Commerce in 1848 . His careful investigations into the See also:condition of See also:industry at Paris gained for him a seat in the See also:Academy of See also:political and moral sciences, 1857 . Leon Say thus inherited zeal for economic studies, of which he gave See also:proof by See also:publishing at the See also:age of twenty-two a brief Hisloire de la caisse d'escompte . He was at first destined for the See also:law, next entered a See also:bank, and finally obtained a See also:post in the See also:administration of the Chemin de fer du See also:Nord . Meanwhile he became a See also:regular contributor to the See also:Journal See also:des debats, where he established his reputation by a See also:series of brilliant attacks on the See also:financial administration of the See also:prefect of the See also:Seine, See also:Haussmann . He displayed See also:talent for interesting popular audiences in economic questions . His sympathies, like those of his grandfather, were with the See also:British school of economists ; he was, indeed, the hereditary defender of See also:free-See also:trade principles in See also:France . He had, moreover, an intimate acquaintance with the See also:English See also:language and institutions, and translated into French See also:Goschen's Theory of See also:Foreign Exchanges .

He was one of the pioneers of the co-operative See also:

movement in France . Elected to the See also:Assembly of 1871 by the departments of Seine and Seineet-See also:Oise, he adopted the former, and took his seat among the Moderate Liberals, to whose principles he adhered throughout his See also:life . He was immediately chosen as reporter of the See also:commission on the See also:state of the See also:national finances, and in this capacityprepared twa elaborate statements . See also:Thiers, though opposing their publication on grounds of public expediency, was much struck by the ability displayed in them, and on the 5th of June appointed Say prefect of the Seine . The fall of the See also:empire, the See also:siege of Paris, and the See also:Commune had reduced the administration of the See also:capital to See also:chaos, and the task of reconstruction severely tried the new prefect's See also:power of organization.' This was, however, a See also:gift with which he was pre-eminently endowed; and he only quitted his post to assume, in See also:December 1872, the See also:ministry of See also:finance—a remarkable See also:tribute to his abilities from Thiers, who himself held strongly protectionist views . In all other respects Say regarded himself as the See also:disciple of Thiers, who, in his last public utterance, designated Say as one of the younger men who would carry on his See also:work . He See also:fell from See also:office with Thiers on the 24th of May 1873, and was elected president of the See also:Left Centre See also:group, as whose See also:candidate he unsuccessfully contested the See also:presidency of the Chamber with See also:Buffet . In spite of their divergence of views, he consented, at the urgent See also:request of President See also:MacMahon, to take office in See also:March 1875 in the Buffet See also:Cabinet; but the reactionary policy of the premier led to a dispute between him and Say both in the See also:press and in the constituencies, and brought about Buffet's resignation . Say continued to hold the ministry of finance under See also:Dufaure and Jules See also:Simon, and again in the Dufaure ministry of December 1877, and its successor, the See also:Waddington ministry, till December 1879 . During this See also:long See also:period, in which he was practically the autocratic ruler of the French finances, he had first to See also:complete the See also:payment of the See also:war See also:indemnity—an operation which, thanks largely to his consummate knowledge of foreign exchanges, was effected long before the prescribed See also:time . It was at a See also:conference held between Say, See also:Gambetta and M. de See also:Freycinet in 1878 that the See also:great See also:scheme of public See also:works introduced by the latter was adopted . Say's See also:general financial policy was to ameliorate the incidence of See also:taxation .

As a See also:

pendant to his free-trade principles, he believed that the surest way of enriching the See also:country, and therefore the See also:Treasury, was to remove all restrictions on See also:internal commerce . He accordingly reduced the See also:rate of See also:postage, repealed the duties on many articles of See also:prime utility, such as See also:paper, and fought strongly, though unsuccessfully, against the See also:system of octrois . On the 3oth of See also:April 188o he accepted the post of See also:ambassador in See also:London for the purpose of negotiating a commercial treaty between France and See also:England, but the presidency of the See also:Senate falling vacant, he was elected to it on the 25th of May, having meanwhile secured a preliminary understanding, the most important feature of which was a reduction of the See also:duty on the cheaper class of French wines . In See also:January 1882 he became See also:minister of finance in the Freycinet Cabinet, which was defeated in the following See also:July on the See also:Egyptian question . Say's See also:influence over the rising See also:generation See also:grew less ; his " See also:academic Liberalism " was regarded as old-fashioned ; See also:Socialism, which he never ceased to attack, obtained even greater power, and fjee-trade was discarded in favour of M . See also:Maine's policy of See also:protection, against which Say vainly organized the Ligue contre le rencherissement du See also:pain . He had, however, a large See also:share in the successful opposition to the income-tax, which he considered likely to discourage individual effort and See also:thrift . In 1889 he quitted the Senate to enter the Chamber as member for See also:Pau, in the belief that his efforts for Liberalism were more urgently needed in the popular Assembly . Throughout his career he was indefatigable both as a writer and as a lecturer on See also:economics, and in both capacities exerted a far wider influence than in See also:parliament . See also:Special mention must be made of his work, as editor and contributor, on the Dictionnaire des finances and Nouveau Dictionnaire d'economie politique . His See also:style was easy and lucid, and he was often employed in See also:drawing up important See also:official documents, such as the famous presidential See also:message of December 1877 . He was for many years the most prominent member of the Academic des Sciences Morales et Politiques, and in 1886 succeeded to Edmond About's seat in the Academic Francaise .

He died in Paris on the 21st of April 1896 . A selection of his most important writings and speeches has since been published in four volumes under the See also:

title of See also:Les Finandes de la France sous la troisieme republigue (1898-1901) . See Georges See also:Michel, Leon Say (Paris, 1899); Georges Picot, Leon Say, See also:notice historique (Paris, 1901), with a bibliography .

End of Article: [JEAN BAPTISTE] LEON SAY (1826-1896)
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