The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1895-06-20

trlbution of mankind into men. women
and human beings. Yet, this, to the
bewilderment of the reader, is what
is done by all the accepted standard
works ON economy. Buckle vol. l
chapter 2 and elsewhere speaks of the
distribution of wealth into rent, wages
interests and profits
From their great leader, DR.. Adam
Smith, down to 1879, when great
er than he, began the new founda.
tons of economic science. All have
fallen into the same hole of suppos-
ing that the
WAGES
OF certain classes Of laborers do
pended upon the ratio between cap
ital and the number of laborers. To
mend their foundation they have con-
tracted the word wages to mean only
the compensation received when one
man works for another and not for
himself, but we have shown that wa
ges includes also the return for human
exertion and includes fees, salaries,
profits, &c &c, Thus when gold
digger comes in from his claim at
night he speaks of the wages he re-
ceived for that days exertion. some-
times including profits rising into
many hundreds of dollars. So of the
lawyer, the doctor, the merchant and
all who belong to the service class of
society. This includes all wages
not some wages. Confounding the
wages which they throw over to cap
ital, refusing to grant wages any
share of profits, and never dreaming
that land, labor and capital may di-
vide, and do divide and should di-
vide profits, so oonfuses the student
of economy as taught, that he gives
up in despair, and refers the fault of
his inability to comprehend, to him.
sell rather than such great authors.
The fact is, that the current politi-
cal economy fails to give any clear
and consistent account of the dstri-
button of wealth. The law of rent
is clearly stated but they leave it
standing unrelated, isolated and alone,
The law of wages and tho law of in
terest stand, like the law Of rent,
each handed over to tho reader in n
package by itself, cnvelopcd in mass
of political and moral reflections.
Their necessary correlation and bear
ing upon each other, is not shown,
but how can they be when the foun-
datons rest on the treacherous sands
of the ratio and overpopulation theo-
ries already exposed aud branded as
TIE LAWS OF DESTINATION
Are those of correlation and Of
proportion between the three factors
of production, Land, Labor, and
Capital. If the share Of one of these
be fifty per cent, that Of the other
two must also be fifty per cent, but
in the works extent up to this date
no such relation, or any relation, is
shown, or attempted to be shown.
The miscarriage of current political
economy, Is the adoption of capital
as the prime factor of production,
land as its instrument and labor rs
it's tool. Smith and Ricardo use the
term "natural wages" as the least
upon which laborers can live. Com
on this abortion a recent
writer says: "Unless' injustice is
natural, all the laborer produces,
should, therefore, be held as his
natural wages"
The misstep Of current authority |
s to place capital first, land as its
servant and labor as its tool.
The origin and natural sequence
Of things reverse this order.
Capital, instead of being first, is
asst, the creature Of Land and Labor,
md instead of being the employer
If labor, is in reality employed by
abor. Land is first. There must
be land before there can be labor,
md labor must be eXerted before
capital can exist. Capital is the re-
,ult of labor, and labor uses it to aid
tself in further production. Labor
s the initial force and is therefore
he employer of capital. Labor is
irst exerted Oh land, and land is the
precedent condition, the field and the
material of labor.
LAND AND LABOR
Are the original factors of pro-
luction, and as partners have done,
md are still dong the larger share
If the worlds, business. The firm
,ame is now Land, Labor and Capt.
al, Tom, Dick and Harry, the
after having been taken i'll as an as
istant to and sharer with Dick. 1t
S agreed that rents shall be drawn
Is the share of land, wages as the
hare of labor, and interest as that of
Capital. That land may have the