New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-07-04
For The Tribune.

PANT ~ LIsASDtR sFoOAEk
THIS book is distinguished by great perspicuiy Of
style. We with we could say altogether as much
for ils thought. You never al o,s for the ao
tbor's mesuing bat you readily endorse his phi
losophy OF the Causes Of Poverty And what Is
more YOU endor Sc his philosophy oil It's Cure =
We mean say that there arc no Legs'auVe
and Judicial Influences which contribute TO the
wealth OF the few AID the poverty of the masses
but we do mean to say that the ultimate ADD gen
eratyc causes OF Poverty areuot 10 be found IN Leg
i-u,ufes Iudicao'es, hu, In the structure oil Su-
cictv :rsoli Humsn Society exists suteced-puy To
oil leg ,.aiion den find themselves In certain reia
lions 10 Other aud Law is Uut the bond not tnc
cren:or Of item History shows that hevouucn
L.giraliu: I" ors5 those great occasional changes
which occurIu Society.
The .du-cs OF Puverv are 10 b. io1nd In the lr0-
lated snd c"mp-iItlv" relations oil Us p"rnoer- Ia
al ju-t d.orce OF l. thor from Cap''Hl-in a Yet
more unjust de oi distribution" aud III Its genera
iDcnhrrrnc-. s,lllrhDrrs aud Gupicity. which drug
all L-ei~-lIon ana The judiciary after their reenI
le.s chariot. So long S"ciety continues These
hostile selfish relations, Poverty. Slavery. wars
of iulrr.s S. iudividua Hud COLLECTIVE, National and
international will be inevitable. What MIR Spooner
sets down as ne cn"seS oil Poverty are at most but
secondary IN their Influence. Those gigantic causes
Just auned 10. ne leaves entirely und''cl"scd; nay
he builds hts remedy upon Tree competition. aud an
ind tuil. tx custom OF the Crtdit Sysu m. which are
the tu leading scourses OF false order OF Sncle'y
They are the principles which have created The
present intensity Of our Social evils We entertain
"A high respect personally. Tor the author OF this
book; but being lawyer. he Looks AT Soclct!
through his legal glasses. (which are not always the
cl,.urrrt; We suspect he may have deceived him.
self by the apparent iorm,dahlcu.ss OF his own logic
There are however, many eXcern, suggestions III
the work. such IA those Tor the egu' extinction oil
deb, with specified exceptions. by tue debtor max
ing pay menl TO the extent OF his means, when the
debt becomes due. and for giving the several cred
itur- OF the debtors liens upon his properly In
the order in which their debts were respectively
contracted.
We wish now to look mewhat more in detail
into our authors remedy. With The propositions
that man ought TO receive the fruit OF his own labor
that every man ought 10 be his own employer
instead oil lahorcr at wages that 10 this end he
ought 10 have the means or capital upon which To
b,stow his own labor, we fully agree. Mr.. Spouner
propo-es that such aborers have not Capilal
be allowed TO obtain 1t on credit
But is not the credit system extensive enough al
ready1 Is there not already sufficient stimulus
TO speculation from our present mode ot credlti Is
our author quite that his proposed plan OF e4
tending credit would not be employed IN disastrous
schemes by those whom he supposes woald be ben.
Gifted by III Would there be no Iemptations 10 en-
gage them in speculation rather than work Is not
Labor repugnHnt, and regarded as degrading every
whcre2 The ruling spirit nj this hour is that Of
specuation--why would il not be more were
Credi, without limit Why will the wenk not be-
come prey 10 the willy aud arltull Under such a
system OF Free Banking us is proposed will there
be less concentration of Capiial VIII not Capital
rule siill Will not large capitalists and companies
of bankers monopoii2e the business oil loaning TO
grn,er extent Than Ia already done by presen,
banking sysicm1 They will not have Incorporated
privileges but they may have the power of joint.
stock banking machinery, manufactures &c. may
be monopoiized by those who can command enor.
NOUS Credit us they now by those who com
mand vast capital. Crcoil would then become Cap
ital and OF the most dangerous kind
Rpt another measure recommended for the ex
tension OF Credit is the abolition OF U.ury Laws
Suppose The Usury Laws abolished aud That every
man has cap.lal enough 10 employ hiS hands upon
Is ilclcar that this excellent equality would AWAY,
continue Would not the equilibrium Dc destroy ed
the moment ii was established There would be
steady gravmslon Of small interests 10 large ones
Large capiislisls and joint stock companies would
control business an now. What would prevent
monopoly of The soil. machinery, shops, &c
Would there be the same emergency OF Interests
as nowl The same incoherence. aataeonism and
Guplc,ty there honesty and weakness must fall be
fore fraud aud force There would sill be the APP
pie OF discord. How many years Is II since In our
own New Enslend- every man had his farm or work
rhop3 Look Low 81 the princeiy wealth ui The lew
the poverty OF The ms-s. Behold The beautiful sway
OF monopoly How has This siorS been ~ou' By
MIR. Spooners tavoriie philosophy ut ire compet'
lion and diversing OF tnerests But this Is polnns
new. Free competition has always been the phi.
losophS OF civilized Legislation with 8 system OF
checks and balances Mr.. Spooner proposes n
new eel OF checks and balances but they Viii fail
The results under the proposed arrsngemen Won id
be precisely what II Is now 10 Crits commercial
feudasm III the Country n landed srstocrscy
Mr. :. .aNs Capitstls worth lust hat il III hrins
in The market. he might weil say L shor is on ia
worts what II Will hriug IN the msrke, But 10.
.ruIe NJ eapprrhehd Is, that both are enI, ali
they produc0, No. or c>s-w wcnG no, uniN abol
ish Csnry Laws. but IearS iisS-a, ms cad ul,,,
Labor by The SIDE o; Car lai cooperative pr,duc
ZION aud distrouIe The proceeds 20 each sccoruius
10 What each has produced.
MIR : SAYS. " X Is impossible, 10 the nature o.
things ina, men can have any rights ei,her OF per
SOP or property. la violation OF pautai law for us,u
raj law Is juxticc Itself AID justice 10 q science ID
h., learned; MOI m arbitrary rule 70 be made w
ask Mr. ) thea. " bat becomes o.. bis other state
m,n, tha, Capital Is worth What II Will bring l,
thai the scieuuhc statement OF me law OF dslriba
ton7 We sppreb. Nd there Is an absolute law o
Sis,ribu,on-a that il Is one .! lns,ice; but II il
not as tickle aud changeaole as The tbe money mar
ke, Mr. S does not deem any new consideration
of Capsl and Labor necessary. IL Is The same ole
cause OF seihshness and sirte-ihe same principles
would reign that have rel ned 10 this hour Every
one for himselt -" Get all for your money. or you
labor which fictitious market will pay The eS
pertes, gambler will be the Fortunate winner. II II
that ever changing, ct ever the sac'e snaky guue
by which Capital has Away crushed and plunderee
Labor by which it has snalched bread rom III
mouth hung it with dirty rags for clolhiug. given Il
III. stree, for house and The paveme Mt for bed
in defiance Of the natural right OF all 10 comfort
Ia despite OF the right Of labor what il creates
In derosation OF The right to work even. and The
r,so;is 10 work with. All. all this is the resul, Of
NJ = fayori,e maxim, free competition, wiki un
-ss,rc.ed credit, Nay, all this h, eosued with q
limited system OF credits Mr.. 5. is no home0pa'h
The gresi defect of this work IS, the entire alb