Labor and Capital; A New Monetary System the Only Means of Securing the Respective Rights of Labor and Property and of Protecting the Public from Financial Revulsions (Paperback)

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: Tj-f V f.r. .... ' PREFACE. The laboring classes of all civilized nations have been, and are, as a body, poor. Nearly all wealth is the production of labor; therefore, laborers would have possessed it, had not something intervened to prevent this natural re-suit. Even in our own country. where the reward of labor is greater than in most others, some cause is operating with continual and growing effect to separate production from the producer. The wrong is evident, but neither statesmen nor philanthropists have traced it to its true source; and hence they have not been able to project any plan sufficient for its removal. The design of the present volume is to show the true cause; and to illustrate its operation so plainly and variously, that any ordinary mind may easily perceive how it has produced and continued this unnatural oppression of laborers. It will also be shown, with equal clearness, that a simple and effectual remedy can be applied to the removal of the evil. A good government must have some system by which it can secure the distribution of property according to the earnings of labor, and at the same time strictlypreserve the rights of property: and no government, whether republican or not, that fails in these particulars, can insure the freedom and happiness of the people and become permanent. The plan proposed to secure this distribution is obviously safe and certain; and it contemplates no agrarian or other similar distribution of property, nor any interference in contracts between laborers and capitalists, or in the usual course of business. Fulfilling these requirements, it can hardly fail to recommend itself to all thinking men. Therefore, it is confidently believed that when the plan shall become generally known, it will be quickly put into operation, ...