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caused thereby has been reduced in a degree that would scarcely be credited; the cost of insurance to these mills is now next to nothing, and this cost might be reduced still further by cutting down an enormous salary paid to Mr. Atkinson for services which not a few persons more industrious and capable than he are ready to perform for less money. Mr. Atkinson's insurance company, then, does save buildings from fire, and Mr. George's statement that it does not is as reckless as anything that Mr. Atkinson ever said to prove that the laboring man is an inhabitant of Paradise.

Moreover, it is the height of stupidity for any champion of labor to slur this insurance company, for it contains in germ the solution of the labor question. When workingmen and business men shall be allowed to organize their credit as these mill-owners have organized their insurance, the former will pay no more tribute to the credit-monger than the latter pay to the insurance-monger, and the one class will be as safe from bankruptcy as the other is from fire. Yet Mr. Atkinson, whose daily life should keep this truth perpetually before his mind, pretends that the laborer can achieve the social revolution by living on beef-bones and using water-gas as fuel. Can any one think him sincere?




[Liberty, January 10, 1891.]

The great central principle of Anarchistic economics—namely, the dethronement of gold and silver from their position of command over all other wealth by the destruction of their monopoly currency privilege—is rapidly forging to the front. The Farmers' Alliance sub-treasury scheme, unscientific and clumsy as it is, is a glance in this direction. The importance of Senator Stanford's land bill, more scientific and workable, but incomplete, and vicious because governmental, has already been emphasized in these columns. But most notable of all is the recent revolution in the financial attitude of Edward Atkinson, the most orthodox and cock-sure of American economists, who now swells with his voice the growing demand for a direct representation of all wealth in the currency.

In a series of articles in Bradstreet's and in an address

before the Boston Boot and Shoe Club, this old-time foe of all