,! ,LABOR ,DOLL> #ahha ,PEOPLE 3 ,AU?OR 3 ,/EPH5 ,PE>L ,&REWS ,TEXT 3 ,AS ! LABOR QUE/ION IS /EADILY & RAPIDLY 9CREAS+ 9 RECOGNIZ$ IMPORTANCE1 EV]Y EF=T %\LD BE MADE TO PLACE ITS 0SOCIAL SOLUTIONS0 UPON A ?OR\LES ,?OMAS ,F[L]4 ,9 IT ,MR4 ,F[L] SAYS1 ) GREAT T]S5ESS ( EXPRESSION & ) TRU?1 ?AT 0! BIR? ( ! FIR/ BILL ( EX*ANGE WAS ! DEA? ( ! LA/ SPECIE DOLL>40 ,BILLS ( EX*ANGE1 BANK *ECKS1 & NEGOTIABLE PAP] ( ALL SORTS ADD JU/ SO MU* TO ! BODY ( ! CURR5CY2 & ?IS ISSUE IS UNLIMIT$ BY LAW1 & UNLIMIT$ 9 FACT1 EXCEPT BY ! EXIG5CIES ( TRADE4.<#a.> ,!Y >E JU/ AS REALLY CURR5CY AS ! SPECIE DOLL>1 ! GRE5BACK1 OR ! BANK BILL4 ,A FIELD :I* HAS NO F5CE UPON ONE ( ITS SIDES IS NOT F5C$ 91 NO MATT] H[ HI< & /RONG ITS F5CES MAY BE ON ! O!R SIDES4 ,SO1 ! VOLUME ( ! CURR5CY IS NOT1 9 ANY TRUE S5SE1 LIMIT$ BY PROHIBITIONS ( FREE BANK+1 BY A RETURN TO SPECIE BASIS1 OR BY ANY O!R MEANS1 SO LONG AS NEGOTIABLE PAP] CAN BE FREELY ISSU$ BY 9DIVIDUALS2 & ?IS FREE ISSUE ( NEGOTIABLE PAP] IS TOO USEFUL1 & TOO WELL 5TR5*$ 9 NECESSITY1 EV] H]EAFT] TO BE 9T]F]$ )4 ,COMM]CE CAN BE H9D]$ & TRAMMEL$ TO SOME EXT5T--IT MAY EV51 = A TIME1 BE S]I\SLY DI/URB$--BY /ATUTE >RANGEM5TS CLAIM+ TO REGULATE ! CURR5CY1 :E!R BY RE/RICTIVE MEASURES1 OR BY FLOOD+ ! COMMUNITY ) OV]-ISSUES2 BUT ! VOLUME ( ! CURR5CY CAN NO LONG] BE ADJU/$ BY SU* MEANS4 ,!RE IS1 IT IS TRUE1 A C]TA9 TEMPOR>Y ADVANTAGE 9 ! SPECIE BASIS1 SIMPLY BECAUSE IT IS TRADITIONALLY BELIEV$ 91 & BELIEFS OR IDEAS 5T] 9TO ! QUE/ION ( ! /ABILITY ( VALUES4 ,?IS FACT IS FELT BY ! ADVOCATES ( A SPECIE BASIS4 ,!Y1 & O!RS1 W\LD NOT HAVE SO MU* ( ! S5SATION ?AT 0! BOTTOM IS ALL KNOCK$ \T10 IF WE C\LD RETURN TO SU* A BASIS1 & ?AT CONFID5CE W\LD GO = SOME?+4 ,ON ! O!R H&1 ! SOLE ALT]NATIVE1 SO F> AS SE5 BY ! ADVOCATES ( SPECIE BASIS1 IS A FLUCTUAT+ & LIMITLESS ISSUE FROM TIME TO TIME ( GOV]NM5T PAP] MONEY1 ) NO O!R REGULATION ?AN ?AT ( AN IGNORANT & *ANGEABLE PUBLIC OP9ION1 OP]AT$ BY 9T]E/$ POLITICAL & F9ANCIAL AGITATORS & WIREWORK]S4 ,SU* >E ! GR\NDS ( ! HONE/ ADVOCACY1 SO F> AS IT IS 9TELLIG5T1 ( A RETURN TO A SPECIE BASIS4 ,ON ! O!R H&1 ! ADVOCATES ( PAP] MONEY & EXPANSION HAVE !IR SIDE ( ! TRU?4 ,!Y SEE OR FEEL ! FALLACY ( ! CLAIM ?AT SPECIE BASIS REALLY MEANS ANY ?+ BUT AN ILLUSION1 KN[+ AS !Y DO ?AT GOLD & SILV] >E REAL COMMODITIES RIS+ & FALL+ 9 VALUE ALONG ) ALL O!R COMMODITIES1 & ?AT !Y WILL 9 NO EV5T MAKE ! :OLE VOLUME ( ! CURR5CY1 BUT WILL BE ONLY A FIX$ FACTOR--9 SO F> AS FIX$--ALONG ) O!R *ANGEABLE FACTORS 9 ! COMPOSITION ( ITS TOTAL VOLUME2 A F5CE UPON ONE SIDE ( A FIELD :I*1 ON SOME O!R SIDE1 IS AN OP5 COMMON4 ,!Y ALSO SEE OR FEEL ?AT ! BE/ CURR5CY W\LD BE SU* AS %\LD HAVE SOME K9D ( ADJU/$ ELA/ICITY1 OR AN EXPANSIVE & CONTRACTILE QUALITY1 ADAPT$ TO ! FLUCTUAT+ ACTIVITIES ( TRADE1 ( :I* CURR5CY IS ! 9/RUM5T2 &1 9 F9E1 ?AT GOV]NM5T MIE NOT HONE/4 ,! POLITICAL ISSUE AB\T F9ANCE1 N[ COM+ TO ! FRONT 9 ! ,UNIT$ ,/ATES1 & 9 A DEGREE 9 O!R C\NTRIES1 IS1 !RE=E1 ON NEI!R SIDE 9TELLIG5T OR :OLLY WELL-9T5TION$1 :ILE YET1 ON EI!R SIDE1 REPRES5T+ SOME?+ ( ! TRU?4 ,! DISCUSSION & AGITATION >E1 NEV]!LESS1 TO BE HAIL$ AS AMONG ! MO/ AUSPICI\S SIGNS ( ! TIMES4 ,!Y SIGNIFY POLITICS BECOME $UCATIONAL--ELECTIONE]+ A UNIV]SITY TRA9+-S*OOL = ! :OLE PEOPLE4 ,! COMMUNITY MAY HAVE TO PAY DE>LY = ITS 9/RUCTION BE=E IT IS ?R\< ) ?IS NEW W> ( IDEAS 2 BUT ! RI ITSELF WILL BE ! OPPORTUNITY ( ! TRUE TEA*]S4 ,I HAVE SAID ?AT GOV]NM5T PAP] IS NOT ! ONLY ALT]NATIVE ( A SPECIE BASIS4 ,IT IS1 H[EV]1 ! ONLY ONE TO :I* MU* ATT5TION HAS BE5 GIV52 & ! O!R--?AT TO :I* ,I WI% TO CALL ATT5TION--WILL NE$ TO BE C>EFULLY ELABORAT$ & DESCRIB$ FROM TIME TO TIME TO MAKE IT CLE>LY APPREH5D$ AS1 9 F9E1 ! SCI5CE ( ! SUBJECT4 ,I MEAN A CURR5CY & A SY/EM ( BANK+ BAS$ DIRECTLY ON LABOR &1 9 A S5SE1 SELF-REGULAT+2 ?AT IS TO SAY1 REGULAT$ & ADM9I/]$ BY 9DIVIDUALS1 OR BY ! PEOPLE !MSELVES1 )\T LET OR H9DRANCE1 )\T 9T]F]5CE OR PRESCRIPTION FROM ! GOV]NM5T2 AL?\< B5EFIC5T ADJU/M5TS MAY POSSIBLY TAKE PLACE BETWE5 ! ACTION ( ! GOV]NM5T & ?IS LABOR SY/EM ( FREE BANK+4 ,! OBJECT ( ! PRES5T ESSAY IS NOT1 H[EV]1 *IEFLY TO DEF9E OR DESCRIBE EI!R CURR5CY 9 ITS SPECIFIC DETAILS1 OR LABOR BANK+ AS A SY/EM4 ,IT IS RA!R PRELIM9>Y TO ?OSE CONSID]ATIONS1 & WILL BE CONF9$ 9 A GREAT MEASURE TO ! SIMPLE ASC]TA9M5T ( ,! ,U,N,I,T ,( ,L,A,B,O,R1 :I*1 :5 ASC]TA9$1 MAY BE TAK5 AS ! DOLL> ( ! ,LABOR ,BANK4 ,EV]Y SY/EM ( ?\T+-PO9T1 ?AT FROM :I* ALL ITS 9VE/IGATIONS TAKE !IR DEP>TURE1 & TO :I* !Y RECUR AS REGULATIVE ( !M ALL4 ,?US ! UNIT ( >I?METIC IS ! NUM]ICAL UNIT1 OR ! NUMB] ONE2 ! UNIT ( GEOMETRY IS ! PO9T1 OR M9IM ( L5G?2 ! UNIT ( WEIE FURNI%$ ME BY ,PR(4 ,P4 ,H4 ,VAN ,D] ,WEYDE3-- ,A FOOT-P\ND1 ! UNIT ( =CE OR ( WORK1 IS ONE P\ND WEIE1 H[EV]1 PRACTICALLY NEGLECT$4 ,! ELEM5T ( TIME 9 :I* ! WORK IS DONE IS H]E LEFT \T ( ! ACC\NT4 ,A HORSE P[]1 ! UNIT ( P[] OR ( ! AM\NT ( =CE EX]T$ OR WORK DONE 9 A GIV5 TIME1 IS ?IRTY-?REE ?\S& FOOT-P\NDS P] M9UTE2 ?AT IS TO SAY1 ?IRTY-?REE ?\S& P\NDS LIFT$ ONE FOOT HI< P] M9UTE1 OR ?REE HUNDR$ & ?IRTY P\NDS LIFT$ ONE HUNDR$ FEET HI< P] M9UTE1 OR FIVE & ONE-HALF P\NDS ONE HUNDR$ FEET HI< P] SECOND1 OR FIFTY-FIVE P\NDS T5 FEET HI< P] SECOND4 ,A MAN P[] IS ONE-EILY ?REE & ONE-?IRD FEET4 ,A ,FR5* HORSE P[] IS SEV5TY-FIVE KILOGRAMMET]S P] SECOND4 ,! OHM HAS BE5 ACCEPT$ BY ! ,BRITI% ,ASSOCIATION AS ! UNIT ( RESI/ANCE 9 TELEGRAPH WIRES & O!R CONDUCTORS ( ELECTRICITY2 & AS ! /R5G? ( ! BATT]Y P[] MU/ OV]COME SU* RESI/ANCE1 IT HAS AT ! SAME TIME BECOME ! MEASURE ( BATT]Y /R5G?4 ,! OHM IS ! RESI/ANCE :I* AN ELECTRIC CURR5T UND]GOES 9 PASS+ ?R\< ONE-T5? ( A MILE ( ,NO4 #i IRON WIRE4 ,! ,FR5* UNIT ( ELECTRICAL RESI/ANCE IS ?AT ( ONE MET] ( M]CURY CONTA9$ 9 A GLASS TUBE ( ONE SQU>E MILLEMET] SECTION4 ,!SE DEF9ITIONS >E 9TRODUC$ H]E = ! PURPOSE ( %[+ ! PA9S-TAK+ ACCURACY ) :I* ! /UD5T ( ME*ANICS DET]M9ES HIS UNITS ( MEASUREM5T1--) :I*1 9 O!R WORDS1 HE E/ABLI%ES /&>DS1 OR MEASURES ?OSE ?+S BY :I* O!R ?+S >E TO BE MEASUR$1--& TO EMPHASIZE ! /ATEM5T ?AT ,RADICAL ,POLITICAL ,ECONOMY1 OR1 SO TO SPEAK1 ?IS BRAN* ( ,SOCIAL ,ME*ANICS1 WILL BEG9 TO BE RI+ WEAL?1 AS WEAL? %\LD BE PRODUC$ & DI/RIBUT$ 9 ORD] TO SECURE ! ABSOLUTELY EQUITABLE EX*ANGE ( LABOR & COMMODITIES4 ,I SAY ,RADICAL ,POLITICAL ,ECONOMY1 BECAUSE ORD9>Y OR CURR5T ,POLITICAL ,ECONOMY 9QUIRES1 RA!R1 9TO ! LAWS ( WEAL? AS IT IS 9 FACT PRODUC$ & DI/RIBUT$1 ) ONLY SU* SUGGE/IONS ( IMPROVEM5T AS DO NOT AFFECT1 RADICALLY1 ! PRES5T SY/EM4 ,I SAY PRICE-BE>+ WEAL?1 BECAUSE !RE IS MU* WEAL? :I* IS1 OR %\LD BE1 UNPRIC$ OR PRICELESS2 :I* DOES NOT1 OR \Y S5SE ( COMM]CE4 ,! BLESS$ AIR ( HEAV51 ! AFFECTION WE BE> TO LOV]S1 *ILDR51 & FRI5DS1 HAVE 9 !M A WORLD ( WEAL? TO ?OSE :O RECEIVE !M2 BUT !Y >E1 OR %\LD BE1 A FREE GIFT1 UNCALCULAT$ & UNMEASUR$ BY PRICE1 DEF9ITE E/IMATE1 OR EQUIVAL5T4 ,\R AFFECTIONS >E DEGRAD$ :5 !Y >E R$UC$ TO ! LEVEL ( PRICE-BE>+ COMMODITIES4 ,IT IS ONLY1 !RE=E1 PRICE-BE>+ COMMODITIES :I* >E ! SUBJECT-MATT] ( ,RADICAL ,POLITICAL ,ECONOMY4 ,ALL PRICE-BE>+ COMMODITIES--ALL1 ?AT IS TO SAY1 :I* >E RIE ! PRODUCTS ( LABOR2 & IT IS ! AM\NT ( LABOR CONCRET$ 9 ! COMMODITY :I* IS ! TRUE MEASURE ( ITS PRICE1.<#b.> ,?IS LABOR IS SOMETIMES CALL$ LABOR-CO/1 OR ! CO/ 9 LABOR ( PRODUC+ ! COMMODITY2 & IT IS !N SAID ?AT1 FROM ! PO9T ( VIEW ( ,RADICAL ,POLITICAL ,ECONOMY1 ,C,O,/ ,I,S ,! ,L,I,M,I,T ,( ,P,R,I,C,E4 ,! PR9CIPLE IS ! SAME IF ! PRICE IS PUT DIRECTLY UPON ! LABOR1 )\T AWAIT+ ITS CONCRETION 9 A COMMODITY4 ,H5CE IT FOLL[S ?AT1 9 ORD] TO OBTA9 ! TRUE MEASURE ( CO/1 & SO ( PRICE1 & SO A TRUE /&>D ( EX*ANGE OR TRADE1 I4 E41 A TRUE DOLL> AS ! UNIT ( TRADE1--ALL !SE BE+ N[ ID5TIFI$ ) EA* O!R1--WE MU/ FIR/ ASC]TA91 OR 9 SOME WAY DET]M9E UPON1 ! UNIT ( LABOR4 ,! FIR/ & SIMPLE/ SUGGE/ION1 9 ! 9QUIRY AFT] A UNIT ( LABOR1 IS ! DAY'S WORK4 ,! H\R'S WORK IS AN IMPORTANT FRACTION ( ! DAY'S WORK1 BUT IT IS NOT SO NATURALLY ! UNIT AS ! DAY'S WORK4 ,! DAY'S WORK IS1 IT WILL BE F\ND1 VIRTUALLY ! LABOR DOLL>1 & ! H\R'S WORK ACCORDS RA!R ) ! DIME OR BIT4 ,BUT A DAY'S WORK IS1 AS ! MATT] N[ /&S1 TOO 9DET]M9ATE TO S]VE AS ! SCI5TIFIC MEASURE ( SOME?+ ELSE SUPPOS$ TO NE$ MEASUREM5T4 ,WORK ( ANY K9D1 9 ORD] TO BE ACCURATELY & COMPLETELY DEF9$1 MU/ BE DET]M9$ 9 ?REE ASPECTS3-- ,FIR/1 AS TO ! L5G? ( TIME2 ,SECOND1 AS TO ! DEGREE ( ITS 9T5SITY OR SEV]ITY2 ,?IRD1 AS TO ! DEGREE ( ACQUIR$ SKILL1 OR ABILITY PREVI\SLY ACCUMULAT$ BY O!R WORK PREP>ATORY TO ! WORK N[ 9 H&2 & AS TO C]TA9 O!R M9OR CONSID]ATIONS4 ,! DAY'S WORK1 TO BE MADE /&>D1 & TO S]VE AS ! LABOR DOLL>1 OR ! 9/RUM5T BY :I* ALL O!R WORK MAY BE MEASUR$ OR E/IMAT$1 MU/1 !RE=E1 BE ITSELF DEF9$ 9 ALL !SE ?REE P>TICUL>S4 ,FIR/1 AS TO ! L5G? ( ! /&>D DAY'S WORK4 ,WE MAY TAKE = ?IS PURPOSE EIY TO 9SI/ ?AT ?IS IS 9H]5TLY ! TRUE LIMIT ( ! WORK+ DAY1 ?\< MU* HAS BE5 SAID1 & MAY BE SAID1 9 FAVOR ( ! DIVISION ( ! DAY ( TW5TY-F\R H\RS 9TO ?REE EQUAL P>TS1--ONE = WORK1 ONE = SLEEP+ & EAT+1 & ONE = /UDY & RECREATION4 ,IT SUFFICES = \R PURPOSE TO ADOPT ?IS P]IOD1-->BITR>ILY1 IF Y\ WILL4 ,C]TA9TY IS ALL ?AT IS NECESS>Y4 ,! 0MET]10 ! SCI5TIFIC Y>D1 S]VES SUFFICI5TLY WELL TO MEASURE CLO?1 :E!R IT BE PRECISELY ASC]TA9$ TO BE ! T5-MILLION? P>T 7:I* IT IS 9T5D$ TO BE7 ( ! E>?'S DIAMET]1 OR NOT4 ,NEXT1 9 RESPECT TO ! SEV]ITY ( ! WORK2 & ,I AM H]E ESPECIALLY 9DEBT$ TO ,MR4 ,F[L] = 9TRODUC+ ! T]M 9T5SITY1 ,JOSIAH ,W>R51 RECOGNIZ+ ?AT ! *>ACT] ( ! WORK IS AN ELEM5T ( ! PROBLEM1 US$ ! PHRASE 0! AM\NT ( REPUGNANCE OV]COME0 TO D5OTE ! DEGREE ( H>D%IP OR BURD5SOM5ESS ( LABOR4 ,! EXPRESSION IS ACCURATE1 BUT1 LIKE HIS P\NDS ( CORN AS A DEVICE = MEASUR+ LABOR1 IT IS CUMB]SOME2 & ! IDEA IS1 = MO/ PURPOSES1 BETT] EXPRESS$ BY ! SIMPLE WORD 9T5SITY4 ,!RE IS ANO!R REASON :Y ! 9TRODUCTION ( ?IS T]M1 AS A TE*NICALITY = ! PURPOSE1 IS IMPORTANT1 & FAIRLY 5TITLES ,MR4 ,F[L] TO CLAIM TO HAVE 5L>G$ & IMPROV$ ! TE*NICAL MA*9]Y1 9 ?IS P>TICUL>1 ( ! SCI5CE ( ,RADICAL ,POLITICAL ,ECONOMY4 ,I WAS NEV] SATISFI$ ) ! MOD]ATE DEGREE ( SUCCESS :I* ,MR4 ,W>R5--OR MYSELF1 9 MY EF=T TO EXP\ND ,MR4 ,W>R5'S IDEAS ON ?IS SUBJECT TW5TY-?REE YE>S AGO 7SEE 0,SCI5CE ( ,SOCIETY07--HAD A*IEV$ 9 ATTEMPT+ TO MAKE CLE> ! NATURE (1 & MODE ( MEASUR+1 ! ELEM5TS ( WORK O!R ?AN ! TIME OCCUPI$4 ,I /RUGGL$ ) ! DIFFICULTY AT ! TIME1 & HAVE ALWAYS FELT ?AT ,I P>TIALLY FAIL$4 ,IT IS ,MR4 ,F[L]'S USE ( ! T]M 9T5SITY 9 ?IS CONNECTION :I* HAS /IMULAT$ ME TO ?IS R5EWAL ( ! SUBJECT4 ,! SPECIAL APTNESS ( ?IS T]M = ?IS PURPOSE1 & ! REASON :Y ,I DEEM IT SO IMPORTANT1 WILL APPE> FROM ! FOLL[+ CONSID]ATIONS4 ,CONT9UITY 9 TIME1 M]E =?-/RET*+ 9 ! GIV5 DIRECTION1 IS CALL$ BY ! PHILOSOPH]S ,PROT5SION 7=?-/RET*+72 A /RET*+ \TW>D & >\ND 9 ALL DIRECTIONS1 AS 9 SPACE1 IS CALL$ ,EXT5SION 7\T- OR FROM-/RET*+72 & ! 5]GY ( EF=T1 BY :I* ?+S >E1 AS IT W]E1 DRAWN 9 UPON & BY ! C5T]+ P]SONALITY ( ! ACTOR1 IS CALL$ 9T5SITY 79-/RET*+74 ,:AT WE >E DEAL+ ) IS A DEP>TM5T ( MEASURE--! MEASURE ( LABOR1 CO/1 & PRICE2 & ! METAPHYSICIANS HAVE PO9T$ \T ?AT !SE ?REE MODES >E ! ONLY ?REE POSSIBLE REQUISITES ( COMPLETE OR EXHAU/IVE MEASUREM5T2 SO ?AT WE MAY1 :5 WE HAVE ?OR\E 9VE/IGAT+ IS ! QUANTITY ( LABOR2 & ! QUE/ION IS3 ,( :AT DOES IT CONSI/ 9 !SE ?REE POSSIBLE MODES ( CONSID]+ IT8 ,9 RESPECT TO TIME MEASURE1 ! PROT5SITY ( LABOR1 WE HAVE SAID ALL ?AT IS REQUISITE AT ! MOM5T4 ,9 RESPECT TO ITS 9T5SITY OR SEV]ITY WE HAVE ASC]TA9$ ?AT ?IS IS ALSO A PROP] ELEM5T ( ! /&>D DAY'S WORK1 & SO ( ! MEASURE ( ALL WORK2 & WE MU/ N[ 9QUIRE BY :AT /&>D IT CAN ITSELF BE MEASUR$ OR E/IMAT$1 & H[1 PRACTICALLY1 ! /&>D CAN BE APPLI$4 ,! SUBJECT IS CONFESS$LY A DIFFICULT ONE4 ,ALL SORTS ( PEOPLE PUT ALL SORTS ( DIFF]5T E/IMATES UPON ! RELATIVE 9T5SITY OR SEV]ITY ( ALL SORTS ( DIFF]5T LABOR4 ,IT MAY ALMO/ BE SAID ?AT NO TWO AGREE UPON ANY PO9T T\*+ ! SUBJECT4 ,BUT =TUNATELY SCI5CE IS N[ SUFFICI5TLY ADVANC$ TO TEA* US H[ TO OV]COME ?IS DIFFICULTY4 ,! /ATI/ICAL & O!R BRAN*ES ( SCI5CE HAVE FAMILI>IZ$ US ) ! ME?OD ( G5]AL AV]AGES4 ,IT IS POSSIBLE TO TELL ) PROXIMATE ACCURACY H[ MANY P]SONS WILL COMMIT SUICIDE NEXT YE> 9 ,LONDON1 ,P>IS1 OR ,NEW ,YORK2 & EV5 H[ MANY WILL *OOSE ! RAZOR1 H[ MANY ! ROPE1 H[ MANY ! PI/OL1 & H[ MANY DR[N+1 AS ! MEANS ( EFFECT+ DEA?4 ,IT WILL BE F\ND POSSIBLE1 9 A SIMIL> WAY1 :5 ! WORLD WI%ES TO KN[1 TO ASC]TA9 H[ MANY WOM5 ?9K WA%+ H>D] WORK ?AN IRON+1 & H[ MANY ?9K ! O!R WAY2 & H[ MANY M5 W\LD PREF] TO WORK \T ( DOORS1 & H[ MANY UND] %ELT]4 ,ALL !SE /ATI/ICS ( ! DETAILS ( HUMAN LABOR1 & ( ! E/IMATES :I* M5 & WOM5 MAKE ( ! DESIRABL5ESS & UNDESIRABL5ESS ( EV]Y GIV5 PURSUIT & CONDITION1 WILL 9 ! FUTURE BECOME SUBJECTS ( SCI5CE1 & !N ( PRACTICAL EV]YDAY KN[L$GE & UTILITY2 & ! LABOR DOLL>1 !N HAV+ COME 9TO USE1 WILL FURNI% ! UNIT ( ALL SU* CALCULATIONS4 ,9 ?AT FUTURE :5 EQUITY %ALL GIVE LABOR ITS [N1 ! MODES ( RI BETT] ?AN !Y N[ KN[ :AT LABORS !Y REALLY LIKE BE/1 & >E WILL+ TO DO AT ! *EAPE/ RATE4 ,!RE WILL !N GR[ UP A LEGITIMATE LABOR-M>KET1 & ALL K9DS ( LABOR & PRODUCTS WILL BE T5D]$ AT ! M9IMUM PRICE AS MEASUR$ BY ! AV]AGE E/IMATE ( ! DEGREE ( SEV]ITY ( ! LABOR 9VOLV$ 9 !M4 ,9 O!R WORDS1 EV]Y ACT ( PUR*ASE & SALE WILL !N BE ! RESULT ( ! VOTES ( TWO P>TIES ON ! RELATIVE REPUGNANCE & ATTRACTIV5ESS ( ! TWO V>IETIES ( LABOR 9VOLV$2 & ! :OLE BODY ( TRADE WILL BE A CONT9U\S CANVAS+ ( ALL SU* QUE/IONS4 ,IT IS SO N[ 9 P>T1 & EXCEPT ?AT IDEAS >E CONFUS$ ON ! SUBJECT2 ?AT EA* P>TY TO EV]Y TRADE CONSID]S HIMSELF 5TITL$ TO TAKE ADVANTAGE ( ! O!R1 :I* IS AN ILLEGITIMATE ELEM5T--AS MU* SO 9 PR9CIPLE1 AS ! SWORD OR ! SLAVE :IP ?R[N 9TO ! B>GA92 & ?AT NO LABOR DOLL>1 & !RE=E NO 9/RUM5T ( ADJU/+ LABOR-CO/1 HAS HI!RTO EXI/$4 ,ASSUM+1 !N1 ?AT BY ! PREVAL5CE ( EQUITY1 OR ! TRUE 9T]*ANGE ( EQUIVAL5TS 9 LABOR-CO/1 WE HAD A FULL SUPPLY ( EV]YBODY'S E/IMATES ( EV]Y K9D ( WORK 9 RESPECT TO ITS RELATIVE REPUGNANCE OR ATTRACTIV5ESS1--ITS 9T5SITY1 9 FACT1 AS H>D OR EASY WORK1--IT W\LD BE EASY TO /RIKE AN AV]AGE :I* %\LD BE V]Y EXACT--! TRUE P> ( LABOR 9T5SITY2 ALL ABOVE ?AT AV]AGE BE+ WORK ( EXTRA OR PLUS 9T5SITY1 OR ABOVE P>1 & ALL BEL[ IT BE+ WORK ( M9OR 9T5SITY1 OR BEL[ P>4 ,WE HAVE NOT1 IT IS TRUE1 AS ! CASE N[ /&S1 ! NECESS>Y DATA = E/ABLI%+ ! EXACT P> ( LABOR 9T5SITY2 = ! WORLD HAS NOT HI!RTO ?\RIV+ AT A HI<] DECREE ( PRECISION4 ,EV]YBODY HAS SOME IDEA ( :AT CON/ITUTES AN ORD9>Y OR AV]AGE DEGREE ( H>D WORK4 ,WE MAY N[1 !N1 )\T ATTEMPT+ TO FIX ! IDEA ANY MORE DEF9ITELY BE=EH&1 FUR!R DEF9E ! LABOR DOLL> AS A DAY'S WORK ( EIE AB/RACT IDEA ( AN AV]AGE1 OR P>1 IS ALL ?AT IS NE$$1 & ?AT IT IS BETT] ?AN ,MR4 ,W>R5'S CORN MEASURE4 ,WE ALL KN[ SUFFICI5TLY WELL :AT WE MEAN BY 0! USUAL DEGREE ( HEAL?10 & DO NOT HAVE TO ADD 0AS WELL AS ,MR4 ,A OR ,MR4 ,B20 &1 IF WE %\LD UND]TAKE TO SETTLE ! MATT] MORE EXACTLY 9 ?AT WAY1 WE %\LD MO/ LIKELY DIV]GE AT ONCE 9TO A DISCUSSION OV] ! QUE/ION :E!R ,MR4 ,A'S OR ,MR4 ,B'S HEAL? WAS ( ! AV]AGE DEGREE2 ?US DEMON/RAT+ ?AT ! B>E IDEA ( ! AV]AGE IS MORE DEF9ITELY FIX$ 9 \R M9DS ?AN ! P>TICUL> /ATE ( ! HEAL? ( ANY 9DIVIDUAL4 ,?IS VIEW DOES NOT1 H[EV]1 ANTAGONIZE ! PREVI\S SUGGE/ION ?AT ! EXT5D$ & SY/EMATIC OBS]VATION ( DETAILS WILL ULTIMATELY R5D] ! AB/RACT IDEA /ILL MORE DEF9ITE4 ,IF P>TIES1 9 NEGOTIAT+ AN EX*ANGE1 REG>D !IR LABOR AS ( ! ORD9>Y DEGREE ( 9T5SITY1--:I* W\LD OCCUR 9 ! GREAT MAJORITY ( CASES1 ESPECIALLY UND] ! CRITICISM ( A WORLDFUL ( APPRAIS]S1--?AT DET]M9ES ! PO9T )\T FUR!R P>LEY4 ,IF1 ON ! CONTR>Y1 ONE OR BO? DIFF] 9 !IR E/IMATE FROM ! AV]AGE1 ?AT IS MATT] ( NEGOTIATION4 ,IF ONE TOO MU* DEPRECIATES HIS LABOR1 IT WILL BECOME1 ) CULTURE1 UND] ?IS SY/EM1 MATT] ( C\RTESY TO 9SI/ ON RAIS+ ! E/IMATE4 ,:ILE1 !N1 ORD9>ILY A DOLL> NOTE WILL BE PAID = ! DAY'S WORK OR ITS PRODUCE 9 A COMMODITY1 ! PRICE & PAYM5T MAY GO UP TO A DOLL> & A HALF1 OR D[N TO ! HALF DOLL>1 OR MAY DEVIATE TO ANY O!R- DEGREE1 ! DOLL> S]V+ 9 EV]Y CASE AS ! UNIT ( COMP>ISON1--AS1 9 A WORD1 ! /&>D ( LABOR-CO/1 PRICE1 & LABOR-VALUE1 :I* ALL COME TO BE ID5TICAL2 VALUE MEAN+ 9 ?IS CASE1 NOT UTILITY1 BUT ! BUY+-CAPACITY ( ! DOLL>4 ,TO ILLU/RATE3 SUPPOSE A COMMUNITY R$UC$ BY ANY CAUSE TO ! PRIMITIVE CONDITION ( B>T]4 ,9/EAD ( ! POOR DEVICE ( ! %9PLA/]1--REF]R+ = ITS MEASURE ( VALUE TO ! SILV] OR GOLD DOLL>1 :I* HAS TAK5 ITS DEP>TURE & IS NO /&>D1--LET ! LABOR NOTE BE SUB/ITUT$4 ,MISS ,SMI? UND]TAKES ! TEA*+ ( ! VILLAGE S*OOL4 ,%E WILL TEA* EID WORK4 ,?IS1 !N1 BE+ EXACTLY ! VALUE ( ! LABOR DOLL> AS ABOVE DEF9$1 ,MISS ,SMI? *>GES ONE DOLL>--A LABOR DOLL>--A DAY = H] WORK4 ,%E HAS AN AV]AGE ( TW5TY PUPILS4 ,= EA* PUPIL ! P>5TS BECOME1 !RE=E1 9DEBT$ TO ,MISS ,SMI? ! TW5TIE? P>T ( A DOLL>1 OR ONE HALF LABOR DIME1 OR FIVE LABOR C5TS1 P] DAY2 & !Y PAY H] 9 !IR [N LABOR NOTES1 OR 9 ! LABOR DOLL>S1 DIMES1 & C5TS :I* HAVE COME 9TO !IR H&S FROM !IR TRADE ) O!RS4 ,! LABOR MONEY BILLS ONLY DIFF] FROM EV]Y BODY'S 9DIVIDUAL NOTES WRITT5 ON COMMON PAP] 9 ! FACT ?AT ! /OREKEEP] OR PO/MA/] HAS GOT UP HIS [N NOTES 9 BETT] /YLE1 PR9T$ & P]HAPS VIGNETT$1 & ISSUES !M 9 ! PLACE ( ! COMMON WRITT5 SCRAPS ( PAP]4' ,!SE HE KEEPS 9 HIS SAFE 9/EAD1 AS HIS SPECIE BASIS1 !Y BE+ ! IMM$IATE REPRES5TATIVE ( ! LABOR ( ! VILLAGE1 SO F> AS IT IS 9 M>KET4 ,AS FA/ AS ! WORK PROMIS$ IS DONE1 OR ITS EQUIVAL5T GIV5 9 PRODUCTS1 ! NOTES >E R$EEM$ & CANCEL$1 OR RE-ISSU$1 & ! TRANSACTION IS 5D$4 ,9 ?IS MANN] ,MISS ,SMI? GETS H] 5TIRE PAY 9 GOOD LABOR DOLL>S4 ,!SE WILL COMM& EV]Y BODY'S WORK & BUY EV]Y ?+ PRODUC$ 9 ! VILLAGE4 ,DEAL+ ) ! \TSIDE WORLD 9VOLVES AN EXT5SION ( ! PROBLEM :I* WILL NOT BE CONSID]$ AT ?IS PO9T4 ,! S*OOL TEA*] MAY1 9 TURN1 TO ! EXT5T ( H] CR$IT1 & WI%+ TO ANTICIPATE RETURNS1 ISSUE H] LABOR NOTES1 TRANSMUTABLE 9TO LABOR DOLL>S BY ! VILLAGE BANK] --! PO/MA/] OR /ORE-KEEP]1 AS BE=E /AT$4 ,9 ?IS MANN] %E1 & EV]Y ONE 9 ! VILLAGE1 BECOMES A CAPITALI/ TO ! EXT5T TO :I* !IR NEIT ( ! IMM$IATE NEIT ( ! VILLAGE BANK]1 :O MU/ HAVE CONFID5CE ALSO BE=E HE WILL RECEIVE ! 9DIVIDUAL'S LABOR NOTE & REPLACE IT BY HIS [N ISSUE4 ,?US A HEAL?Y & CONT9U\S VIGILANCE WILL BE EX]T$ OV] ?IS O!RWISE P]FECTLY FREE CREATION ( ! LABOR BULLION ( \R NEW BANK+ SY/EM4 ,RISK & ACTUAL LOSSES WILL1 H[EV]1 OCCUR 2 BUT !Y WILL BE R$UC$ TO A M9IMUM BY ! NATURAL WORK+ ( ! SY/EM2 & ! VILLAGE BANK] WILL BECOME AN 9SURANCE AG5T TO COV] !M1 BE+ ALL[$ TO 9CREASE ! CURR5CY BEYOND ! BULLION 9 DEPOSIT ! SLIY TO ?AT 5D4 ,AP>T FROM ?IS P]C5TAGE TO COV] LOSSES1--:I* WILL BE KEPT AT ! L[E/1 AS IT WILL BE ADD$ UND] ! IMM$IATE 9SPECTION ( ! :OLE VILLAGE1 EA* 9DIVIDUAL BE+ CON/ANTLY TAX$ HIS PROPORTION ( EV]Y LOSS1--! VILLAGE BANK] IS NOT TO BE ALL[$ TO ISSUE A S+LE LABOR DOLL> = :I* HE HAS NOT ! SAME AM\NT ( LABOR BULLION--! LABOR NOTES ( ! PEOPLE--9 DEPOSIT2 9CLUD+1 H[EV]1 HIS [N LABOR NOTES COV]+ HIS S]VICES1 & ISSU$ ON ! SAME T]MS AS ?OSE ( ANY O!R CITIZ54 ,EV]Y OV]-ISSUE %\LD BE DEEM$ A FRAUD1 & PREV5T$ OR REM$I$ BY WELL-DEVIS$ *ECKS UPON ! CONDUCT ( ! BANK]1--SU* AS NUMB]S ON ! BILLS ISSU$1 REPORTS & 9SPECTIONS ( COMMITTEES1 ETC41--UNTIL CONFID5CE IS SO E/ABLI%$ AS TO DISP5SE ) UNNECESS>Y CAUTION4 ,! BANK+ (FICE WILL BE OP5 TO COMPETITION 9 RESPECT TO ! BE/ MANAGEM5T1 LIKE ANY O!R BUS9ESS4 ,IF A DOZ5 BANK]S SPR+ UP 9 ! VILLAGE1 NO MATT]4 ,ANO!R ELEM5T REMA9S TO BE ADD$ 9 ! CON/ITUTION ( ! LABOR DOLL>1--ONE :I* HAS BE5 ALLUD$ TO ABOVE1 & !N PURPOSELY PO/PON$ UNTIL N[4 ,?IS IS :AT WE WILL TE*NICALLY CALL ! ,EXT5SITY ( ! DAY'S WORK1--AN ELEM5T :I* EXT5DS BEYOND1 OR GOES \TSIDE (1 ! P>TICUL> DAY UPON :I* ! WORK IS TO BE DONE4 ,?IS ELEM5T IS ! ACQUIR$ SKILL ( ! LABOR]1 SECUR$ BY PREVI\S LABOR FITT+ HIM TO DO ! WORK2 ! WE> & TE> ( 9/RUM5TS OR TOOLS ( HIS [N1 :I* HE BR+S 9TO ! WORK2 P>TICUL> RISKS ( ANY K9D ASSUM$ BY ! LABOR]1 ETC4 ,?IS ITEM IS FIX$ ALSO BY AV]AGES & ! MUTUAL E/IMATES ( ! P>TIES CONTRACT+4 ,PRIOR LABOR GIV+ SKILL IS TO BE E/IMAT$ UPON ! SAME PR9CIPLE AS O!R LABOR2 BUT1 ! CO/ BE+ DI/RIBUT$ BY E/IMATE TO ALL :O WILL BE EV] LIKELY TO AVAIL !MSELVES ( ! SKILL1 IT BECOMES G5]ALLY A SMALL ITEM 9 ! 9DIVIDUAL CASE3 SU* AS IT IS1 H[EV]1 TO BE SETTL$ BY ! E/IMATES ( ! WORK] & EMPLOY]1 OR TACITLY COV]$ BY ! G5]AL PRICE DEM&$ = ! DAY'S WORK4 ,SO ) ! O!R MATT]S 9CLUD$ UND] ?IS HEAD4 ,ALL LEGITIMATE RISKS >E LEGITIMATELY COV]$ BY AN AUGM5TATION ( PRICE4 ,IT IS A CURI\S WORK+ ( ?IS EQUITABLE SY/EM ( EX*ANGES ?AT1 :ILE ACQUIR$ SKILL 9VOLV+ PRIOR LABOR IS AN ELEM5T ( ! PRICE ( LABOR1 SUP]IOR NATURAL ABILITY--0! GIFT ( ,GOD0-- IS LEFT :OLLY \T ( ! ACC\NT1 & DOES NOT 9 ANY MANN] AUGM5T ! PRICE4 ,?IS IS A PO9T :I* IS MORE FREQU5TLY ?AN ANY O!R MISUND]/OOD1 & :I*1 :5 UND]/OOD1 IS MO/ LIKELY TO MEET ) OBJECTION FROM NEW 9VE/IGATORS ( EQUITY4 ,A LITTLE CLOSE ATT5TION TO IT1 H[EV]1 WILL REMOVE ALL DIFFICULTY4 ,IT IS UND\BT$LY TRUE ?AT SUP]IOR NATURAL ABILITY DOES GIVE A NATURAL ADVANTAGE1 :I* ! POSSESSOR MAY1 IF HE WILL1 & :I* AT PRES5T HE DOES1 AVAIL HIMSELF ( 9 DISPOS+ ( HIS LABOR4 ,! QUE/ION N[ IS1 H[EV]1 :E!R HE \GE1 %\LD P>TICIPATE4 ,IT IS C]TA9 ?AT ! PR9CIPLE ( EQUITY1 AS RIGE = EXHIBIT+ H] BEAUTY4 ,IT IS WEAL? TO ! WORLD1 AS IT IS ALSO TO H]SELF1 BUT NOT PRICE-BE>+ WEAL?2 NOT AN OBJECT ( ORD9>Y COMM]CE OR TRADE4 ,\E FIR/ EQUALIZ$ BY GRANT+ TO ! WEAK] P>TY COMP5SAT+ ADVANTAGES4 ,! 0LIE ALMO/ ! ONLY PEOPLE :O HAVE EV] BE5 DEAL+ ) ! QUE/ION ( :AT IS FAIR PLAY 9 ANY COMPETITIVE 5GAGEM5T ( MAN ) HIS FELL[4 ,ORD9>Y POLITICAL ECONOMY NEV] ASKS ! QUE/ION1 BUT ONLY 9QUIRES TO :AT EXT5T1 & BY :AT MEANS1 ! BIG FELL[S ACTUALLY GET ! ADVANTAGE2 :AT >E ! LAWS & OP]ATIONS1 9 O!R WORDS1 ( ! NATURAL T5D5CY TO ADVANTAGE-GETT+4 ,9 ?OSE DEP>TM5TS ( LIFE :]E C\RTESY IS E/ABLI%$1 !RE IS NO D\BT ON ?IS QUE/ION4 ,IF A WEAK WOMAN BURD5$ ) A *ILD IS ALL[$ TO /& 9 A CR[D$ PLACE1 & /RONG M5 SIT AT !IR EASE1 IT IS JU/LY REG>D$ AS AN \TRAGE UPON DEC5CY2 & YET ! /RONG M5 W\LD ONLY BE AVAIL+ !MSELVES ( !IR NATURAL ADVANTAGES4 ,9 A WORD1 ON PR9CIPLE1 ! QUE/ION IS SETTL$ BEYOND ALL D\BT ?AT EQUITY1 9 E/ABLI%+ PRICES1 GRANTS NO?+ ON ! GR\ND ( NATURAL SUP]IORITY1--!RE9 CONCURR+ ) ! PR9CIPLES ( FAIR DEAL+ AS UND]/OOD 9 GAMES1 & ( C\RTESY AS UND]/OOD 9 SOCIETY4 ,BUT /ILL1 ) \R PRES5T HABITS ( ?\% ONE2 & MANY P]SONS WILL P]HAPS BE MORE READILY CONV9C$ IF MADE TO SEE ?AT ! PR9CIPLE WILL WORK WELL 9 PRACTICE1 ?AN BY ! M]E /]NNESS ( ! LOGIC4 ,?IS WELL-WORK+ ( ! PR9CIPLE IS ALSO READILY %[N4 ,BUT FIR/1 LET US CONCLUDE \R DEF9ITION ( ! LABOR DOLL> AS ! MEASURE ( RADICAL EQUITY4 ,! LABOR DOLL> IS !N1 9 F9E1 A VIGNETT$ PAP] REPRES5TATIVE1--OR ITS EQUIVAL5T1--SIGN$ & ISSU$ BY A LABOR BANK]1 ( A DAY'S WORK1 ( MAN1 WOMAN1 OR *ILD1 ( EI MAY BE SIMIL> TO ?AT ( A CURR5T DOLL> BILL MORE OR LESS ELABORATELY DEVIS$4 ,PAP] WILL BE ! ORD9>Y MAT]IAL1 AL?\< IT W\LD NOT CEASE TO FULFILL ! CONDITIONS IF SOME O!R AVAILABLE SUB/ANCE--AS P>*M5T = 9/ANCE--W]E US$ 9/EAD4 ,ITS CO/ & ! LABOR ( SIGN+1 ISSU+1 CANCEL+1 R5EW+1 ETC41 BELONG TO EXP5SES1 & CAN BE REPAID TO ! BANK]1 EQUITABLY E/IMAT$1 ALONG ) ALL O!R LABOR4 ,A PROMISE ( LABOR TO ! SAME AM\NT SIGN$ BY AN 9DIVIDUAL NOT A BANK]1 NOT VIGNETT$1 ETC41 W\LD PASS UND] ! MORE G5]AL DESIGNATION ( 0A LABOR NOTE40 ,TOGE!R1 & ) ALL ACCESSORY COMM]CIAL PAP] ( ! SAME ORD]1 !Y W\LD CON/ITUTE ! LABOR CURR5CY4 ,! LABOR NOTES ( ! PEOPLE1 9 ! SAFE OR VAULTS ( ! BANK]1 SECUR+ HIM 9 MAK+ HIS PROMISES TO R5D] SO MU* LABOR1 OR ITS EQUIVAL5T 9 PRODUCTS1 >E :AT ,I HAVE D5OM9AT$ LABOR BULLION4 ,TRADE OR COMM]CE CONDUCT$ ON ?IS BASIS MAY BE D5OM9AT$ LABOR TRADE2 & ! TRANSACTIONS ( ?IS TRADE1 ) ! RUL+ RATES = DIFF]5T K9DS ( LABOR1 WILL COME TO BE RIKET2 & ! LABOR RATES ( EV]Y SPECIES ( M5'S & WOM5'S LABOR1 D[N TO M9UTIAE1 WILL BE REGUL>LY QUOT$4 ,! RADICAL1 9DE$ ! REVOLUTION>Y1 DIFF]5CE BETWE5 A CURR5CY BAS$ ON ?IS SIMPLE DEVICE & ANY PREVI\SLY EXI/+ CURR5CY MAY /ILL ESCAPE ! READ]1 UNLESS HE AGA9 REFLECTS ?AT ! LABOR DOLL> MEANS SOME?+ DEF9$1 & !RE=E DEF9ITE1 & ?AT ! CURR5T DOLL> MEANS SOME?+ :OLLY UNDEF9$ & 9DEF9ITE4 ,CONSID] ! DIFF]5CE 9 ?IS RESPECT BETWE5 A COMMON TOK51 SU* AS A !AT] TICKET OR A RAILROAD TICKET1 & A PAP]1 OR EV5 A SILV]1 DOLL>4 ,! TOK5 OBTA9$ TO-DAY WILL PUR*ASE A SEAT 9 ! !AT] OR ! C> TO-DAY1 TOMORR[1 OR SIX MON?S H5CE3 ?AT IS TO SAY1 IT REPRES5TS A DEF9ITE SOME?+1 OR1 9 O!R WORDS1 A FIX$ & ASC]TA9$ PUR*AS+-P[]4 ,NOT SO ) ! DOLL>1 :E!R PAP] OR METALLIC4 ,Y\ MAY KN[ :AT Y\ CAN BUY ) !M TO-DAY1 BUT :AT !Y WILL PROCURE = Y\ TO-MORR[1 A WEEK H5CE1 OR SIX MON?S H5CE31Y\ CANNOT KN[1 AS !IR VALUE MAY HAVE FLUCTUAT$ )9 ANY LIMITS2 9 O!R WORDS1 !Y HAVE NO FIX$ OR ASC]TA9$1 OR ASC]TA9ABLE1 PUR*AS+-P[]4 ,! LABOR DOLL> HAS1 !N1 ! *>ACT] ( ! FIX$ TOK51 AS CONTRA/$ ) ?AT ( \R PRES5T CURR5CY2 OR ! *>ACT] ( A MEASURE :I* IS ITSELF MEASUR$1 AS CONTRA/$ ) AN ELA/IC Y>D-/ICK1 OR ! H& OR FOOT US$ AS A P\ND WEITICLE ON F9ANCE BY ,MR4 ,MC,CULLO*1 EX-,SECRET>Y ( ! ,TREASURY1 HE SAYS3 0,!RE BE+ BUT ONE UNIV]SALLY RECOGNIZ$ MEASURE ( VALUE1 & ?AT BE+ A VALUE 9 ITSELF1 CO/+ :AT IT REPRES5TS 9 ! LABOR :I* IS REQUIR$ TO OBTA9 IT1 ! NATION ?AT ADOPTS1 EI!R FROM *OICE OR TEMPOR>Y NECESSITY1 AN 9F]IOR /&>D VIOLATES ! F9ANCIAL LAW ( ! WORLD1 & 9EVITABLY SUFF]S = ITS VIOLATION4 ,AN IRR$EEMABLE1 & CONSEQU5TLY DEPRECIAT$1 CURR5CY DRIVES \T ( CIRCULATION ! CURR5CY SUP]IOR TO ITSELF2 & IF MADE BY LAW A LEGAL T5D]1 :ILE ITS REAL VALUE IS NOT !REBY 5HANC$1 IT BECOMES A FALSE & DEMORALIZ+ /&>D1 UND] ! 9FLU5CE ( :I* PRICES ADVANCE 9 A RATIO DISPROPORTION$ EV5 TO ITS ACTUAL DEPRECIATION4 ,V]Y DIFF]5T FROM ?IS IS ?AT GRADUAL1 HEAL?Y1 & G5]AL MODIFICATION ( PRICES :I* IS ! EFFECT ( ! 9CREASE ( ! PRECI\S METALS40 ,:AT IS H]E SAID ( ! RELATIVE FIX$NESS ( PAP] & METALLIC CURR5CY1 :I* W\LD BE 9 A DEGREE TRUE IF ! COMP>ISON W]E ) A CURR5CY TO CONSI/ ( ! PRECI\S METALS & NO?+ ELSE--:I* IS NOT PRET5D$1--APPLIES AS A CONDEMNATORY CRITICISM UPON ALL SY/EMS ( F9ANCE :I* EXI/ OR HAVE EXI/$2 & ! 5COMIUM CAN ONLY BE CONF]R$ RIACT]I/ICS 9SI/$ ON 9 A /ILL HI<] DEGREE ?AN ! METALS ALONE W\LD HAVE !M4 ,9 ! ABOVE DEF9ITION ( ! LABOR DOLL> ! DAY'S WORK ( A *ILD IS E/IMAT$ AT ! SAME AS ?AT ( A MAN OR A WOMAN4 ,?IS WILL BE APT TO /RIKE ! 9VE/IGATOR AT FIR/ AS ]RONE\S1 BUT HE HAS ONLY TO RECUR TO ! PR9CIPLE TO P]CEIVE ?AT IT IS /RICTLY ACCURATE4 ,! SEV]ITY1 OR REPUGNANCE OV]COME1 9 KEEP+ A *ILD EID & UNSUITABLE WORK1 EXCEPT 9 CASES ( URG5CY OR PECULI> NECESSITY2 & !N HE W\LD SUBMIT TO COMP5SATE !M APPROPRIATELY1 ACCORD+ TO ! PR9CIPLE4 ,*ILDR5 W\LD !N BE1 AS IT W]E1 DRIV5 \T ( ! LABOR M>KET 7EXCEPT 9 ! EM]G5CIES ABOVE REF]R$ TO72 :I* MEANS1 H[EV]1 NO?+ MORE ?AN ?AT EMPLOY]S W\LD PREF]1 IF PRACTICABLE1 TO SECURE ! HEAVI] & H>D] V>IETY ( LABOR :5 IT WAS AT ! SAME TIME L[] PRIC$ ?AN ! O!R2 & SECONDLY1 ?AT *ILDR5 W\LD BE !REBY LEFT FREE = ACQUIR+ $UCATION1 & = PLAY OR UNTRAMMEL$ EX]CISE1 :I* IS PRECISELY :AT %\LD HAPP54 ,9 O!R WORDS1 *ILDR5 & GR[N PEOPLE W\LD BE RELEGAT$1 RESPECTIVELY1 BY ! WORK+ ( A SIMPLE PR9CIPLE1 TO !IR TRUE PLACES1--A DRIFT :I* W\LD CO-OP]ATE EXACTLY ) :AT IS N[ ! EF=T ( WISE & B5EVOL5T P>5TS & GU>DIANS4 ,! CASE ( *ILDR5 CONDUCTS US BACK TO ! QUE/ION1 RES]V$ ABOVE1 ( ! SIMIL> WORK+ ( ! PR9CIPLE 9 D5Y+ PAY = SUP]IOR 5D[M5TS1 :I*1 AS A PORTION ( NATURAL WEAL?1 >E BY ! !ORY NON-PRICE-BE>+ COMMODITIES4 ,H]E ALSO IT WILL BE F\ND ?AT ! EFFECT IS QUIETLY TO =CE EV]Y BODY--NOT N[ *ILDR5 ALONE--9TO !IR TRUE PLACES2 BE+ 9 FACT1 !REBY1 ONE ( ! GREATE/ ( SOCIAL SOLUTIONS4 ,UND] ! PR9CIPLE1 ! BE/ 5D[$ & MO/ EFFICI5T LABOR COMES 9TO COMPETITION ) 9F]IOR LABOR 9 EA* SPECIAL BRAN*1 NOT1 AS N[1 AT A HI<] PRICE1 NOR EV5 AT ! SAME PRICE1 BUT ABSOLUTELY AT A L[] PRICE4 ,( C\RSE1 !N1 IT WILL =CE ITSELF 91 & =CE ! 9F]IOR LABOR \T4 ,LET ?IS BE WELL UND]/OOD4 ,HE :O %\LD HAVE ! GREATE/ NATURAL FITNESS = A P>TICUL> K9D ( WORK1 HAV+ GREAT] FACILITY 9 IT1 WILL--) SOME EXCEPTIONS ONLY--HAVE ALSO ! GREATE/ ATTRACTION OR FONDNESS = ?AT K9D ( 9DU/RY4 ,HIS E/IMATE ( ITS 9T5SITY WILL !RE=E BE LESS ?AN ?AT ( O!R M54 ,9 O!R WORDS1 IT WILL NOT BE AS H>D WORK = HIM AS = !M1 &1 !RE=E1 UND] ?IS NEW PR9CIPLE1 HIS PRICE WILL BE LESS4 ,( C\RSE1 !N1 HE WILL BE PREF]R$1 & ?OSE = :OM IT IS H>D] WORK OR MORE BURD5SOME WILL BE SET ASIDE4 ,! V]Y BE/ WORKM5 WILL FIR/ BE TAK5 UP BY ! EMPLOY]S2 !N ! SECOND BE/2 !N ! ?IRD BE/2 &1 F9ALLY1 & UND] NECESSITY ONLY1 ! POOR] QUALITIES2 :I*1 H[EV]1 IF CALL$ 91 WILL BE PAID ! HI<] PRICES1 AS 9 ! CASE ( ! *ILDR54 ,!RE IS1 EV5 AS MATT]S N[ /&1 A NATURAL PREF]5CE1 ( C\RSE1 AMONG EMPLOY]S = SUP]IOR WORKM52 BUT ?IS PREF]5CE IS NE>LY NEUTRALIZ$1 & SOMETIMES 9V]T$1 BY ! FACT ?AT SU* LABOR MU/ HAVE ! L>GE/ PRICES2 SO ?AT POOR LABOR]S >E AB\T AS READILY RETA9$1 & SOMETIMES MORE SO1 ?AN ! SUP]IOR ONES1 :]EBY ! SURVIVAL-(-!-FITTE/ PR9CIPLE IS DEFEAT$1 & ! G5]AL QUALITY ( PRODUCTS DEPRECIAT$4 ,?IS PAY+ ( ! BE/ WORKM5 ! L[E/ PRICES UPSETS1 ( C\RSE1 ALL EXI/+ NOTIONS4 ,IT IS A DIFFICULT PO9T BO? = UNPHILOSOPHICAL & = SELFI% M9DS4 ,IT IS1 NEV]!LESS1 NOT ONLY AB/RACTLY RI %ORT ( ?IS1 & IMM$IATELY1 !SE RESULTS FOLL[3 #a4 ,ALL LABOR WILL BE P]=M$--AS A RULE--BY ! BE/ WORKM5 & ) ! UTMO/ EFFICI5CY1 &1 CONSEQU5TLY1 ALL PRODUCTS WILL BE C>RI$ UP TO ! HIIES & LUXURIES )9 ! REA* ( ALL1 #c4 ,EV]Y BODY WILL BE G5TLY & UNCONSCI\SLY =C$ 9TO JU/ ?OSE PURSUITS = :I* !Y >E BE/ SUIT$1 & = :I* !Y HAVE MO/ LIK+2 9 O!R WORDS1 ,ATTRACTIVE ,9DU/RY WILL BE 9 A GREAT MEASURE REALIZ$4 ,:AT C\LD BE ASK$ = BETT] ?AN ALL ?IS8 ,UPON ?IS ?IRD PO9T A WORD %\LD BE ADD$4 ,! 9F]IOR WORKMAN1 =C$ \T ( AN EMPLOYM5T1 MAY & (T5 WILL PROVE TO BE ! SUP]IOR WORKMAN 9 SOME O!R2 SO ?AT TO BE DRIV5 \T ( ! LABOR M>KET ONLY MEANS1 9 FACT1 BE+ TRANSF]R$ TO SOME?+ BETT]1 UNTIL ! :OLE WORLD %ALL BE EMPLOY$ AT JU/ ?AT :I* IT LIKES BE/ TO DO4 ,A F\R? RESULT1 P]HAPS ! MO/ IMPORTANT ( !M ALL1 WILL BE TO SUB/ITUTE A ,P,R,9,C,I,P,L,E = ! SETTLEM5T ( PRICES 9/EAD ( ! SY/EM ( UNIV]SAL HIGGL+ & OV]REA*+ :I* N[ PREVAILS2 A CIVILIZ$ & SCI5TIFIC1 9/EAD ( A B>B>\S1 ME?OD4 ,IF W> MAY BE DEF9$ AS AN 9FLAMMATORY SOCIAL FEV] T5D+ TO ! SURFACE1 TRADE = PR(IT1 BY B>GA9+1 MAY BE REG>D$ AS ! L[ OR TYPHOID =M ( ! SAME1 A DISGUIS$ & DIFFUS$ FEV]1 A /ATE ( MODIFI$ W> ( ALL AGA9/ ALL4 ,?IS GREATE/ EFFECT ( EQUITY W\LD !N BE TO SUB/ITUTE 9T]/ITIAL PEACE = A UNIV]SAL /ATE ( 9T]/ITIAL W>F>E 9 SOCIETY1 OP5+ ! WAY TO ALL K9DS ( B5EFIC5T COOP]ATION 9 ! PLACE ( AN ANTAGONI/IC 9DIVIDUALITY4 ,IT MU/ NOT1 H[EV]1 AFT] ALL HAS BE5 SAID1 BE CONCLUD$ ?AT ! M]E OP]ATION ( ! PR9CIPLE1 0LABOR-CO/ ! LIMIT ( PRICE10 WILL FULFILL ALL ! CONDITIONS ( SOCIAL H>MONY1 & SUPPLY ( ITSELF ! TRUE SOCIAL ORGANIZATION4 ,IT IS SIMPLY A PLANK 9 ! %IP1 OR1 IF Y\ WILL1 ! KEEL2 BUT IT IS NOT ! :OLE /RUCTURE4 ,NOR WILL IT PROVE1 TAK5 ALONE1 ALTOGE!R SATISFACTORY4 ,A SOCIETY CON/ITUT$ M]ELY UND] ! OP]ATION ( ?IS PR9CIPLE W\LD1 9DE$1 SECURE A G5IAL & B5EFIC5T EQUITY1 BUT IT W\LD ALSO LEAD TO A C]TA9 DEAD-LEVELISM ( CONDITIONS :I* W\LD LACK AN ELEM5T ( PICTURESQU5ESS & V>IETY :I* ! HUMAN M9D ALSO CRAVES4 ,NOBODY C\LD EV] BECOME V]Y RI*2 BUT ! LEVEL PRAIRIE1 OR ! F]TILE PLA9S ( ,LOMB>DY1 W\LD PROVE DULL1 IF ! :OLE WORLD HAD NO?+ ELSE TO EXHIBIT4 ,SECURITY ( CONDITION & A S5SE ( PREVAIL+ JU/ICE 9 LIFE1 :ILE !Y >E A BASIS ( HAPP9ESS1 >E ONLY A BASIS4 ,! HUMAN S\L HAS LEGITIMATE ASPIRATIONS = DI/9CTION1 PREEM95CE1 L>G5ESS ( 9DIVIDUAL 5VIRONM5T1 & ! MEANS ( GREAT & B5EFIC5T A*IEVEM5T1 :I* MAY DEM& ! POSSESSION ( EXCEPTIONAL WEAL? ( ! ACQUIR$ & PRICE-BE>+ V>IETY1 AS WELL AS M]E NATURAL 5D[M5T4 ,!SE ASPIRATIONS ! EXI/+ ORD] ( SOCIETY DOES1 TO A CONSID]ABLE EXT5T1 GRATIFY2 BUT IT DOES SO AT ! EXP5SE ( A G5]AL D5IAL ( EQUITY1 & ( A CONSEQU5T ALL-PREVAL5T IRRITATION1 5D+ 9 ! 9SECURITY ( ! V]Y WEAL? SO ACQUIR$4 ,EQUITY IS1 !RE=E1 A QUE/ION ( ME?OD1 ( ECONOMY1 & ( SECURITY1 AS WELL AS A QUE/ION ( ! JU/ DI/RIBUTION ( WEAL?4 ,! DEM& = SOME OPPORTUNITY = L>G] ACQUISITIONS ?AN >E AF=D$ BY M]E EQUITY IS1 NEV]!LESS1 A TRUE VOICE ( ! S\L1 & ! SUPPOSITION ?AT ! DOCTR9E ( EQUITY COMPLETELY =BIDS ANY SU* ASPIRATION IS ONE ( ! GREATE/ H9DRANCES TO ITS ACCEPTANCE4 ,!RE IS A SECRET REPUGNANCE TO ! DOCTR9E LEFT 9 ! M9D1 DESPITE ! LOGICAL COG5CY :I* MAY COMPEL AN 9TELLECTUAL ASS5T4 ,?IS COMES1 H[EV]1 5TIRELY ( MISAPPREH5SION4 ,IT IS NOT ESS5TIAL ?AT A DEVOTION TO EXACT & TE*NICAL EQUITY %\LD PR$OM9ATE 9 ALL HUMAN TRANSACTIONS4 ,:AT ! DOCTR9E AFFIRMS IS M]ELY ?AT1 BY B>GA9 & TRAFFIC REGULAT$ BY EQUITY1 L>GE =TUNES C\LD NOT BE ACQUIR$1 :ILE EV]Y BODY UND] ! OP]ATION ( ?AT PR9CIPLE MITICUL> DOCTR9E IS M]ELY A BRAN* ( SOCIAL SCI5CE1 & DOES NO MORE ?AN M]ELY FURNI% ! LAW ( A S+LE V>IETY ( HUMAN TRANSACTIONS4 ,WE MU/ !N LOOK TO SOCIAL SCI5CE AT L>GE = ! ANSW] TO ! QUE/ION :E!R !RE >E ME?ODS ( GRATIFY+ ! DESIRE TO WIELD GREAT ACCUMULATIONS ( WEAL?1 O!R ?AN TRADE ON ! PRICE-BE>+ BASIS1 & NOT ANTAGONI/IC TO COMM]CIAL EQUITY4 ,AS A /UD5T & TEA*] ( SOCIAL SCI5CE1 ,I CAN ONLY1 AT ?IS MOM5T1 AV] ?AT SU* ME?ODS EXI/ )9 ! SCOPE ( A TRUE SOCIAL ORD]1 & SU* AS T5D TO EV5 L>G] ACCUMULATIONS 9 R>E 9/ANCES1 & TO A MORE UNDI/URB$ POSSESSION1 ?AN ! EXI/+ ORD] R5D]S POSSIBLE4 ,?AT SUBJECT1 H[EV]1--! POSSIBILITY ( EXCEPTIONAL 9/ANCES ( GREAT WEAL?1 ESPECIALLY IF ADM9I/]$ =- B5EFIC5T USES1 9 A COMMUNITY :OSE TRADE IS REGULAT$ BY EQUITY1--IS A DI/9CT ONE SUFFICI5TLY EXT5SIVE TO REQUIRE SEP>ATE TREATM5T1 & MU/ BE1 = ! PRES5T1 DISPOS$ ( BY ?IS M]E M5TION4 ,LET IT BE OBS]V$ ?AT NO CONSID]ATION :ATSOEV] IS GIV5 9 ?IS >TICLE TO ! PRACTICAL QUE/ION1--TO ! POSSIBILITY1 ?AT IS TO SAY1 & TO ! ME?ODS1 IF POSSIBLE1 ( 9TRODUC+ ! LABOR CURR5CY2 ( 5GRAFT+ IT1 SO TO SPEAK1 UPON \R PRES5T COMPLICAT$ CIVILIZATION1 & MAK+ IT ! ACTUAL SUB/ITUTE = ALL O!R SY/EMS ( CURR5CY4 ,IT IS ! !ORETICAL QUE/ION ONLY :I* IS H]E CONSID]$--! QUE/ION ( :AT IS 9TR9SICALLY ! RIISES = IT1 9 A SEP>ATE PAP]4 .<#a.> ,! T]MS CURR5CY & MONEY >E G5]ALLY US$ AS SYNONYM\S4 ,IT MAY BE WELL1 H[EV]1 TO DISCRIM9ATE4 ,B\*] 9SI/S ?AT ! T]M MONEY CAN ONLY APPLY TO ?AT :I* RE/S ON ! PUBLIC CONFID5CE AT L>GE & IS 9T5D$ TO CONT9UE 9 CIRCULATION1 :]EAS *ECKS1 DRAFTS1 ETC41 >E 9T5D$ TO S]VE ON SPECIAL OCCASIONS = ! CONV5I5CE ( 9DIVIDUALS4 ,!RE IS NO OBJECTION TO NOT+ ?IS DIFF]5CE1 BUT IT IS NOT VITAL4 ,IT IS /ILL TRUE ?AT ALL !SE O!R =MS ( PAP] PROMISES :I* 5T] 9TO COMM]CE1 & EFFECT EX*ANGES1 & REPRES5T VALUES1 & :I* 9 ! AGGREGATE >E F> ! GREAT] P>T ( SU* REPRES5TATIVE1 >E A PORTION ( ! CURR5CY PROP]LY SO CALL$4 ,MONEY IS A DI/9CT P>T ( ! TRANSPORTATION ( A C\NTRY2 BUT COMMON ROADS & C>RIAGES & EV]Y O!R MEANS ( CONVEYANCE1 D[N TO ! DOG C>T & ! LEGS ( ! 9DIVIDUAL WALK]1 >E ALSO A P>T ( IT1 & 9 ! TOTAL AGGREGATE MU/ BE TAK5 9TO ! ACC\NT4 ,SO1 9 RESPECT TO ! CURR5CY1 *ECKS1 DRAFTS1 ETC41 MU/ BE TAK5 9TO ! ACC\NT AS WELL AS ACTUAL MONEY1 :5 ! QUE/ION IS ( >BITR>ILY LIMIT+ ! TOTAL BULK ( ! MA*9]Y ( COMM]CIAL EX*ANGES4 ,A FRI5D1 TO :OM ! MANUSCRIPT ( ?IS >TICLE WAS SUBMITT$ = EXAM9ATION1 TAKES ! FOLL[+ EXCEPTION1 9 A LETT] TO ! AU?OR1 TO ! LATT]'S /ATEM5T ?AT ! ISSUE ( CURR5CY IS UNLIMIT$ BY LAW4 0,! ,MASSA*USETTS /ATUTE-BOOK1 AS WELL AS ?OSE ( MO/ ( ! O!R ,/ATES 9 ! ,UNION1 CONTA9S LAWS PROHIBIT+1 UND] P5ALTIES ( F9ES1 ! ISSUE AS CURR5CY ( NOTES1 BILLS1 *ECKS1 & ORD]S1 EXCEPT SU* AS >E ESPECIALLY AU?ORIZ$ BY ! ,/ATE1 ,UNIT$ ,/ATES1 OR ,BRITI% ,PROV9CES ( ,NOR? ,AM]ICA4 ,TRUE1 !SE LAWS >E NOT 5=C$2 BUT ?IS IS BECAUSE ! SPECULAT+ CLASSES HAVE NO OCCASION TO DEM& !IR 5=CEM5T4 ,!Y >E V]Y GLAD TO AVAIL !MSELVES ( *ECKS1 ETC41 SO LONG AS !Y CAN DO SO UND] ! OLD PLAN2 BUT1 %\LD ANY ONE ATTEMPT TO ISSUE SU* MONEY AS Y\ PROPOSE AT A RATE ( DISC\NT JU/ HI< 5\< TO COV] ! EXP5SES ( ISSUE1 ?US BEAT+ ! BANK]S ON !IR [N GR\ND1 ! LAWS W\LD BE 5=C$ AT ONCE4 ,! BANK]S OPPOSE EV]Y EF=T TO HAVE !M REMOV$ FROM ! /ATUTE-BOOK40 .<#b.> ,IT IS ! /RIK+ PECULI>ITY ( ,RADICAL ,POLITICAL ,ECONOMY ?AT IT EMPHATICALLY D5IES ?AT VALUE1 9 ! S5SE ( UTILITY1 OR ! DEGREE ( ! PUR*AS]'S NE$1 CAN RIY POLITICAL ECONOMY1 HE WILL 5TIRELY MI/AKE4 ,UND] ! ME?ODS ( ,RADICAL ,POLITICAL ,ECONOMY1 ! URG5CY ( ! PUR*AS]'S NE$ NO MORE AFFECTS ! PRICE HE IS TO PAY ?AN IT AFFECTS ! L5G? ( ! Y>D-/ICK BY :I* ! GOODS >E TO BE MEASUR$4 ,! PRICE IS A FIX$ QUANTITY & REMA9S ! SAME :E!R ! >TICLE EV] F9DS A PUR*AS] OR NOT4 ,IF IT PROVES UNSALABLE AT ITS PRICE1 IT IS )DRAWN FROM ! M>KET1 &1 9 :ATEV] WAY IT MAY BE DISPOS$ ( AT ANY O!R ?AN ITS FIX$ PRICE1 ! TRANSACTION IS UND]/OOD TO BE \TSIDE ( EQUITABLE COMM]CE4 ,EQUITABLE COMM]CE IS1 9 ?IS RESPECT1 M]ELY LIKE ! ONE-PRICE /ORE4 ,FROM 3 ,!,AN>*I/,LIBR>Y4ORG4 ,*RONOLOGY 3 ,NOVEMB] #c1 #ahh 3 ,! ,LABOR ,DOLL> -- ,PUBLICATION4 ,SEPTEMB] #a#h1 #bba 3 ,! ,LABOR ,DOLL> -- ,ADD$4 ,JANU>Y #i1 #bbb 3 ,! ,LABOR ,DOLL> -- ,UPDAT$4 FILE G5]AT$ FROM 3 HTTP3_/_/REVOLTLIB4COM_/