, 1866-12-16
Ct1.OlsElk.tTsCE LAls0Ik.

In the SCIENCE 0l 116tlttcHi er1:l-IEly it hAs
Lctn uniformly stateA that tts gaisss Ut 1,ro- /;
d,ctit,n are aist-lisutvG mutually between .
labor, capital Gad !snd. Capita. Receiving,
Its share III tue form Il profits, land its
sllutc in rent aud 1aho1 It's hate iu ttr lvEu, Of
wages It Inns hitherto been ad'ails',i hs all
the wrilers t'n political economy, tha. }ah1f
Ia BY ra,ural law entitled only to SO tnu.r
wages .-s ugc lart by supply aud demand,
snA It 10 eaae can Il e!asm auy shatc q I'll.
ant w'4.ch soes 10 the iand, CT Of tie ;E',lia
ulirl bcloEs to capital. The result Of tbs
working of the associations for co-orerat:oa,
,sl.'rh have sprung up lately iu this aud otEn-
countries. and wh:cA Aaye been attended with
remarkable success, has been to th:oN
doubt on the sountngss OF the heretofore
generally accepted principles Of political
economy and 1t Is now claimed In behaH OF
labor that Its compensation ehould bo more
than tho rate Of wages as faxea by tho law
OF supply an1 demand, Aoa that II Il justly
.nt1tlct, to a portion Of the profits V ..sch
hare hitherto gone wholly 10 cariia'. The
Hon. N. r. Banks has taken this po7itinnia
an address lately delivered by him Mt Wal
thaul, Massachusetts. 1t asserts It 10 be TIC
duly of thu State to establish TIC faes that
labor Is capital, and that the z.,lc OF com.
penkatIo,, tor laber Is not rate Of wages de-
ter1pined bT the supply aHd demand. hnt
au equitable division Of profits. lie says
further;
''1bstc t. n=:htn= more 4n,oana or un;s atrc;
v11ut !L1n the nsain tia: 3Abor IL 10 l.. regia.-d
'st.z; :e essal ihs l.S = suP2ly sna a:s,,a i
cI4nd,st o1 p:covr;s, II t1d pro3c:ty, th: bar
CT and seilcs = upon elEsa footing. kaeais cov-
csned ''y sua esn io'sa~ his interest; tG.he o*n
tss las 81 II Rs Nhia IT, ~
seass ens :sae Il iaiecs ss e assa
! nEd sa.t.cs, Il tcs & vail. 1t c:n caahri
.se,1 lin snail r..a:s OF i'm wit.na; p:oal. i,
The isducify ct IT, Ecr.l cou'd not mat.iA:n H..
;efa +tnGic day without eEals.oTme1s ist,AEves,
rerG;,rss iiseI III. @ In: ~
=sa ftilares. Nbeners: they auccccd ii j. ow:a: !:
| 20 ttc good senee and nui 10 The nsccsrs1cs of
q. sLon1d b. left to take caIU Of ftsejk aya2tt
Ftc ctter, Is f1oEstsou4 tlust1c: aud nbi1-disf-
The history of1abor Is 4 tale or oppression
and degradation. The laf,orer was always II
siare until within Il few centuries, and as
snch entitled to nolhius from his employer,
not eren VIC scs. Since his emancipation the
iuJorer has been allowed waE:s, bnt capital
las always fi1e1 the rate of wages at tho
lowest possible price as which me 'aon.e1
souid lire. lAc object ana result OF loc
Eew-tounded Co'opcrativc Societies Is Il
provide for the 1aborcr Sill moro co'npcpsa
tion, ~ they secure to him besides M!
wages, a sharr In the profits ofeap'tal. II y
impossible to forcsee inc consciousness Q
such 81 EXTRAORDINARY saaass N tne eona'
iicn ana prospects oi 1ne "o1A'nh"a" ""
mere IN II promise Of increasing prosper
~ lna eteSht'eo 10 tae "a'le aaoenot
esaFs, :seate1 eaa.' aas taat US nese,otass
+aAsn pIaes AZ NV" Ass i"e saa"s'
"1e ul''nenee "u.n ~: laoose' ecasea ~ ~
"t'aV' auu eo"'a c1atm Hases H. IL Dill
e,easef "neo besides n's e1a'h 10 wages u.
a1so tesel'esa sna'e IN 'ne tson's :" c"p,'a.
= esaan".ason ~ ~. .s r. -, an @ sess s ths,
,ass ~ ,non NJ f;hon,,t @ ~ !, H. ~. As ",,aa ~ y
~ r,assa. atths E-nah I'M rsest At.
NV "1aea .sa =. es ~. - Aas go. We VI
, ~ ~ ~ ~ y. A!us ~.
,aa;r ..,,sf @ n'1, -" .,na na.t S,.a,r @ - ~ ~
aaoc.ea Ia that AZ a ~ ons...,rs s.so,,.
; ~. ~s.,a, ~ 49,, ,as als 49,
49,, s.s 49, so =. -'Ap'
nnn4 =, ~ 4o
$ r,ar1s tns an n,,c ,se.xnr 1hss sa,,oa , ~ ~
| rrrnrh Fmne-,r h,s erc,tn, o<ra.t sttan.,n
6 .ra .....tar-.A IN
.amo anar.ars ,,,t,, ~ w ,.4,s a,s..... 'u.