There is improper distribution, but no loss.

Upon each French orange consumed, there will be about ninety centimes lost; for while the buyer very certainly loses them, the seller just as certainly does not gain them, for even according to the hypothesis, he will receive only the price of production.

I will leave it to the protectionists to draw their conclusion.
IV.

I have laid some stress upon this distinction between the conditions of production and those of sale, which perhaps the prohibitionists may consider as paradoxical, because it leads me on to what they will consider as a still stranger paradox.

This is: If you really wish to equalize the facilities of production, leave trade free.
This may surprise the protectionists; but let me entreat them to listen, if it be only through curiosity, to the end of my argument.