The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-04-28
An Open Forum for Single Takers q

| cover law that will give us the pc
cent that each factor will receive un
der certain conditions, but we cal
/. discover under what conditions eacf
factor will receive a large or a small
share.
In working out the laws of distriDu-
ton Mr.. George used this rule to dis
cover the share of the landlord and
he saw that the joint share of labor
and capital depends upon what the
landlord leaves, that when Tom got
40 per cent there would only be 60
per cent left to divide between Dick
and Harry.
Now, when it comes to dividing the
GO per cent between Dick and Harry
II Dick gets 35 per cent there will
only be Is per cent left for Harry and
the more that Dick gets the less will
there be left for Harry, the interests
Of Dick and Harry are opposed when
1t comes to dividing their joint share.
To discover the laws-of interest and
wages according to this rule, MI.
George should have tried to discover
under what conditions the capitalist
receives the larger share of what the
landlord leaves AMI under what con-
ditions the laborer receives the larger
share, but this he does not attempt.
Instead Of dividing their joint share
between labOrer and capitalist Mr..
George eliminates the laborer and d.
vides the whole product between land
lord and capitalist, gives the capital
list the whole Of the joint share. He
first discovers that the joint share. of
labor and capital depends upon what
the landlord leaves; he then calls the
Joint share interest and finds that in
spite Of the change of name it still
depends upon what the landlord
leaves. His next step is to eliminate
the capitalist, call the joint share
wages and finds that in spite OF an
other change of name that the JOINT
share of laborer and capitalist is still
what the landlord leaves.
Instead of eliminating the laborer,
to discover the law of interest, and
the capitalist to discover the law Of
wages; after discovering the law Of
rent, he should have eliminated, the
landlord, and II he could discover the
conditions that would give large
portion Of the joint share to either
labor or capital he would at the same
time discover the conditions that
would give small share to the other;
that is, given the conditions that d.
eide two of the shares, the third may
be inferred.
Now would like Mr.. Clark to state
whether Mr.. George is right or not
In the paragraph ! quoted? If he con-
siders him right, would like him to
show that Mr.. Georges way of work
ing out the laws of interest and wages
was in harmony with the paragraph
quoted; and l would like him to point
out anything l have written in this
article that is not in harmony with it.
If Mr.. Clark has back numbers of The
Independent he will find by reference
to the following numbers that my OPP
position to Mr.. Georges laws of in
terest and wages Is founded on far
stronger grounds than the "PatCn
philosophy he manufactured for me
in his article of. April Ia.
If he will turn to The Independent
of July 2, 1903, he will find an article
rs Political Economy a Science"
July 80, THE Laws of Distribution.
August 20, Rent and Interest" Sep
TENDER 3, Replies to Mrs. Twitchell.'
October s, Wages" am quite will
ing to discard my "sophistries" If Mr..
Clark can advance good reasons 10
show that my position Is not sourd
one, and hope that he will undertake
the task when he is In reasoning
mood and feeling little more toler-
ant than when he wrote the article OF
April IA. JAS. 5. PATTON.
Riverside. Cal.