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MONEY AND INTEREST.

this one up. But why should he lend his plough? Why does he not sell it to the farmer, and use the proceeds to buy bread of the baker ? See, Mr. Babcock? If the lender of the plough "receives nothing more than his plough again, he receives nothing for the product of his own labor, and is on the way to starvation." Well, if the fool will not sell his plough, let him starve. Who cares? It's his own fault. How can he expect to receive anything for the product of his own labor if he refuses to permanently part with it? Does Mr. Babcock propose to steadily add to this product at the expense of some laborer, and meanwhile allow this idler, who has only made a plough, to loaf on in luxury, for the balance of his life, on the strength of his one achievement? Certainly not, when our friend understands himself. And then he will say with us that the slice of bread which the plough-lender should receive can be neither large nor small, but must be nothing.

To that end we commend to Mr. Babcock the words of his own candidate for Secretary of State, nominated at the Worcester convention, A. B. Brown, editor of The Republic, who says: "The laborers of the world, instead of having only a small fraction of the wealth in the world, should have all the wealth. To effect this all monopolies should be terminated,—whether they be monopolies of single individuals or 'majorities,'—and labor-cost must be recognized as the measure and limit of price." If Mr. Brown sticks to these words, and the Greenbackers to their platform, there is going to be a collision, and Mr. Brown will keep the track. But lest Mr. Brown's authority should not prove sufficient, we refer Mr. Babcock further to one of his favorite authors, John Ruskin, who argues this very point on Mr. Babcock's own ground, except that he illustrates his position by a plane instead of a plough. Mr. Babcock may find his words under the heading, "The Position of William," immediately following his own letter to us. If he succeeds in showing Mr. Brown's assertions to be baseless and Mr. Ruskin's arguments to be illogical, he may then come to Libertyfor other foes to conquer. Till then we shall be but an interested spectator of his contest.