To Professor Maverick

Deep gratitude for excellent edtn. the Kuan-Tzu.

I notice you mention the Swann book (Food, etc.) one of the vilest messes as arrangement that has ever been perpetrated in the waste of means of production.

ideographic text at the end/ two pages side ways now. how THE hell is one to locate the terminology. Decent method to help pore bloody autodidact ( and most intelligent students HAVE to find it for themselves ... ; 'ale teaching 'em newspapers and NOT the classics, with great splurge of typography etc. )

Decent model given by N. Directions and Scheiiller italian -chinese edtn/ the Pivot, so that one can FIND the ideogram translated at given spot.

Pardon intrusion. but with offset process and Hawley's readiness to help you

COULD put gold (metal, the much abused but very helpful Mathews no ? 1057, rad 167

in the margin

p.48 / value / but better ? price as you have in parenthesis. p. 49

also the basic terms p. 54

and earn still more gratitude from ignorantly but serious persons who dont want to trust to mere guess work.

I did a little spade work in my pageographic Cavalcanti (Genova edtn.)

I mean, no need to run to cost of complete bilingual edtn. but easily possible to tell the reader which terms are used at crucial points,

and that at very little extra cost for your 2nd edition.

MAGnificent job/ and the three glorious points/ not tax houses not tax animals / and keep level of volume of money in relation available goods.

facing the filth of falsification/ blackout of history etc. Chris. Hollis re/ "egius Professorships.

"as S. Illinois noticed Horton's sane selection of books necessary for college curricula ?

respectfully yours
E. P.ound
St Elizabeths"hospital"
D.C

2.

KUAN

p. 70 line 1.

doesn't the one tenth imply that every soldier needs two men
to keep him going /

thus 10% in army , really withdraws 3/10 s from production for
consumption ? normal peace time consumption /

// Rouvere on "edici Bank / failed when accepted more deposits than
could be invested in normal commerce, and started making more loans
to princes/

dambastids keeping up armies.

yrs

E.P

p. 70 parag/ 2 / ? would be drag-nets , or nets to stretch all the
way across a stream ?

St Elizabeths Hospital
Washington D.C.

19 July 57

Dear L.M.

Permanent sick leave bad / age ?? ( my 71, last Oct.)

"eed an autodidakts' league.

will take some time to answer yr/ letter/ hoping Chao can get me
chinese text.

Chief rage at Swann was the FOUL arrangement, text not where you can see
from translation/ aggravated by being side ways up, ETC.

Naturally ready to decree execution by 40 cuts for Harvard delay
with my seal text of the Odes.

When I commended Overholser for his History of Money in the U.S.
I was told: Oh, he is only a little country lawyer. He hasn't
been trained in RESEARCH."

i.e. as to what to keep OUT of print.

I introduced Keynes to C.H.Douglas and Keyned opend that the
H(igh) C(ost) of L(living) was due to lack of LAAHYbour.

verbaitim with 2 million out of work in London.

Bunting thought him crook rather than idiot.

"Panker in "eneva re/ reprint of my ¥ Lavoro ed Usura"; "destroy it
and cause it to disappear from the circulation."

Calif/ a large state buy you should see W.M.Hawley's collection
8200 Gould Av. Hollywood 46.

AND I shd/ think get some very good conversation /

Carsun Chang . hist/ neo-Confucianism

2295 "hanover St. Palo Alto
has read a bit too much inferior european ( hightluy RESPECTED)
philosophy.

very high human value John Theobald, 1390 Merrit Drive
(E) BHHHH El Cajon
(for correlation with Indian thought, not specifically econ).
(somewhere near S.Diego)

U.S. going to ruin because men of good will do NOT talk to each other.

I should be delighted to see "iss Blue, BUT State Dept does NOT
favour percolation of knowledge.

burocratic terror reigning

4

The Gouillart will enliven a few evenings for you (vide enc/) if you are meaning to enjoy retirement.

Now may be I better shut up and get on with my home work.

cordially yours

5

20 Lug

P.S.

If no review copy of Kuan was sent to Banca Nazionale di Lavoro Quarterly, B.N. di Lavoro, Roma, Italy (its printed in English) a copy should go to Armando Sapori at that address.

He reviewed the Rouvere book on Medici Bank in Oct '49, and had an article of Italian Companies in England in Oct. 50, which wd/ show that he is a serious character 13th and 15 centuries

better to Sapori personally than to the quarterly.
yrs

E.P.

L.M. 31 Lug/ with carbon on which to check assent or dissent.

Answe/er Aug.25

1. It wd/ be useful to have a list of men with enough sense of responsibility to think straight on vital subjects, such as issue of money, taxes, tariff.

( this means exclusion of practically ALL men with any literary reputation. I can think of one exception, on grounds that he just can't. LM: Would be useful to have much more exchange & opinion than there is today.)

2. Order in which points CAN be most usefully presented. LM: I suggest no order. I shall read the ABC.

Issue of money( I don't spose LM has seen my ABC of Econ, Hickok of Brooklyn Eage: " Hell this can't be economics, I can understand this? )

8 genevan Banker re; Lavoro ed Usura : Destroy and cause to disappear from circulation.

3. Stamp scrip : ONLY way a govt. can increase its MONETARY income by simple act of spending money.

LM: I oppose stamped scrip.

Naturally the s.o.b. will or would try to divert govt. spending to rackets and AWAY from anything useful. BUT that love of racket is THERE and lack of stamp scrip dont prevent it.

4. The greatest ( ? ) or at least one very great fraud is the issue of all new money as INTEREST* BEARING debt. ( C.H.D. lost a lot of time by omission of the adjective. ) Douglas

Orage spent a lot of time getting Doug/ to learn to write. AND there is no doubt that CHD did write a number of clear sentences, BUT he knew so much more than any of us in N. Age office , that he never, or, seldom for brief moments, realized that Kitson and other buzzards had a known ANY thing whatso dam. which nacherly irritated his elders.

5. Only prof/ I bothered to see in U.S. in '39 was Irving Fisher. I heard Upton Close's address is ( scribbled) Yesterday

3052 Lake Hollywood Drive
office 2024 N. Highland, Hollywood 28.

I *HINK he is the bloke I had lunch with/ he then saying that if FDR wanted to see him again he cd/ send for him.

W.E.Woodward also quit some advisory board in DISgust.

Enquiry due to fact I have forgotten the name of jew who was present at lunch ( 3 of us only), and if it was Mandel, now reported spilling the beans. Even Lothrop Stoddard thought WHOEVER it was, was pure idealist. Bloke SAID he wd/ bring out my ABC in cheap edtn/ had a method for bypassing usual " outlets", to country drug stores etc.

BUT TOTAL silence ensued.

I heard the buzzard was dead , and the name Mandel by NO means unusual or unfamiliar.

LM ever hear of ANY of 'em ?

#5. LM: I will write to or call on the men
your name in Calif.

Arbeitswert paper is being issued at Xtn Univ. Formosa. But I don't know that one shd/ mention it, as might lead to reprisals. I know the sister of Tseng, head of that univ. mmmmm letter missed her while doing something at UN in N.Y.

9

I left the U.S. in 1908 / all adult acquaintances dead by time I was brought back in captivity, or demised promptly thereafter, apart fromole Tink/ who was too old to be pestered. AND was reported to have thought he just couldn't etc.

2

Immediate problem : HOW to educate

A. individuals

B. improve curricula

I enclose Horton latest. A blind alley( not in connection D.H.) can almost always get publicity. If a man in the news utters sense it is NOT quoted in Meyerblatt. Birmingham Post was bought for $18½ million presumably to keep news OUT of Alabam. and T. "erald . D.C. 8½ million indicatavie of Pegler's nuissance value.

PEN YEH, and haow kin yu keepUM, daown on deh farrm ?

Yes, PROductivity etc. Horton chewing on yr/ note.

Simply, Stamp scrip SIMPLEST remedy to ONE gt/ disease/ and don't need Soc. Credit burocracy and complication. Issue of money one of FEW things the treasury or govt, CAN do, and payment for a service rendered is better ethic than paying 'em for what they can't and/or don't.

ad interim. still chewing on Kuan's panurgia.

p. 192 / baint thet a place to decapitate printer. line nine ??

??shd/ read ARE paid interest

I have had misprints go thru 3 edtns. AND see corrected proofs which were NOT used in production. I mean the right text actually IN print in the proofs.
benedictionS

Ε

P

L.M. 1 Ag/ to save time and find basic points of agreement, before discussion of details etc.

until Dave's reprints

1. As Del Mar not very well known, and rather inaccessible save his one poor vol/ not up to the rest of his work /

Great example : heavy and light / the gold vs/ silver racket /
Rome 12 to 1 / Karachi 6½ or 7 to one.
Gold under Pontifex Max/ usurped by J.Ceasar.

Arab revolt/ Abt el Melik. coined gold
Otherwise monopoly lasted in Byzantium till 1204 or '5.

Montesquien commented on the diff., Asia F Europe, of gold/silver rate. L.M.

2/ durability and rate % / legal Byzantium 12 %

Manchu 36% / and exhortations to peasants not to borrow at 7 or 8% per month.
36% [18% for a half-year] not bad, if borrowed
1200 years Empire/ 300 for dynasty. and paid in grain.

3. even New Deal had some decency / Pop Warren's commodity dollar Bookings ( Loeb) chart of Plenty ( surv. industrial capacity)

Any honestly after Warrens death ??? It was rather favorable to Warren.
I am less so, now. Warren said the politicians soon took over.
LM

How the slob got his hold, I spose
hand out/) was NOT visible in Europe / AND Mus' efforts worth attention.

4. Alexander pd/ debts of soldiers and died young , no inquest.

Rate under Antoninus ? said to have got down to 4% / and history of his reign obliterated.

A rele.
4% means stable metal money
Confidence. Minimum & risk.
L.M.

Not yet spotted Ngan in Huang comment / they keep calling everybody by different alphabetics.

Kung/ Jeff/ best govt. which governs least.

tariff a local issue / only clean thing the republican party has.

Italian farming ruin'd by import of cheap grain from Egypt, but old J. Senato and an ex-governor of Eritrea , 1943 had learned NOTHING, still stuck in Manchester 1843.

and DAMN 'em they have bumped off C.ArMAS.

Del Mar leaves a lot unprotected , no barrier vs/ tyranny. But greatest U.S.historian to date. Naturally we want VanBuren, J.Adams, Benton IN the high school and univ. curricula.

S. Eliz

21 Ag 57

/

Dear L.M.

Did I neglect to thank you for state of french awareness
pre Pauthier and co ? which arrived pronto.

Chao ( Tze-Chiang) has, thank Gawd landed a job . Acad. Asiatic
Studies, grad. school . College of Pacific. S.Francisco.

sends 5 pages notes on Li K'eui and Shang Yang

If of any interest to you, I will forward
'em.

Harry Moore writes me from Rom that he is going to Carbondale..
Does this indicate that S. Ill. is in action ?

I am not very definite
re/ Moore.

Mild wonder whether Yale knows they are distributiong
Kuan Tzu ( or its contents ).

Greussen is out of job / which WAS last week O.R.O.

Of course if you are in Calif/ you wont be bothering re/ quality
of conversation in Carbondale ....

12.

26 Ag 57

Dear "averick

two items in morning mail

General JFC Fuller : Kuan Tzu ," I recd it from yr/ country 3 years back and class it top of all books I have read on economics. then he quotes the ' When grain is cheap "-- to --" profit to the state.

with comment. Yet daily people are asking
what is the answer to inflation.

Other note is from Theobald that he cant find yr/ book listed in Cumulative Index, latest supplements.

Great blessing to get specific comment on Analects ( or indeed on
ANYthing /

in contrast to three hundred pages, recd/ alzo this a.m.
from em/t con/f carefully skirting the surface of accepted opinion

// (but useful to emphasize in footnote)
I dont think I have been unconscious of use of " man" for prince/
have used, I think, evil king by his imposts, good by his spending
etc,

Couldn't Stock print yr/ notes in Edge , to keep up interest in
the text.

either as they stand, or with anything you cared to
add in view of publication /

simple economic difficulty, cost of alterations
etc. will prevent my doing anything about possible modifications
of SHHH Sq $/ text

for gorNoze how long.

If you and the virtuous Hawley cd/ build a fire under the Haaavud Mule
I spose it wd/ only move forward enough to burn up deh wagon.

alzo, somewhere it is printed:" can't understand text because

they dont know enough about life to know what the
buzzard was driving at. "

Young Chatel mentioned the Kuan in letter in Meyerblatt, which got
past the copy desk.