11 JANUARY 1868, Page 21

What is Free Trade? By Emile Walter. (New York, Putnam

; London, Low, Son, and Marston.)—This is an adaptation of Bastiat's Sophismes Economiques designed for American readers. It is not difficult to see the transition from the order and clearness of the original author to the personal illustrations and smart hits of the adapter. But this union of two nationalities is thoroughly successful, and will probably bring the French ideas home to the American mind.