throw every cent into the ocean to benefit mankind. But it is capital, and, place it where he will, it becomes an engine to tax and oppress the laboring poor.

It is impossible to place labor and capital in harmonious or friendly relations, except by the means of slavery, which identifies their interests. Would that gentleman lay his capital out in land and negroes, he might be sure, in whatever hands it came, that it would be employed to protect laborers, not to oppress them; for when slaves are worth near a thousand dollars a head, they will be carefully and well provided for. In any other investment he may make of it, it will be used as an engine to squeeze the largest amount of labor from the poor, for the least amount of allowance. We say allowance, not wages; for neither slaves nor free laborers get wages, in the popular sense of the term: that is, the employer or capitalist pays them from nothing of his own, but allows them a part, generally a very small part, of the proceeds of their own labor. Free laborers pay one another, for labor creates all values, and capital, after taking the lion's share by its taxing power, but pays the so-called wages of one laborer from the proceeds of the labor of another. Capital does not breed, yet remains undiminished. Its profits are but its taxing power. Men seek to become independent, in order to cease to pay labor; in order to become masters, without the cares, duties and responsibilities of masters. Capital exercises a more perfect compulsion over free laborers, than human masters over slaves: for free laborers must at all times work or starve, and slaves are supported whether they work or not. Free laborers have less liberty than slaves, are worse paid and provided for, and have no valuable rights. Slaves, with more of actual practical liberty, with ampler allowance, and constant protection, are secure in the enjoyment of all the rights, which provide for their physical comfort at all times and under all circumstances. The free laborer must be employed or starve, yet no one is obliged to employ him. The slave is taken care of, whether employed or not. Though each free laborer has no particular master, his wants and other men's capital, make him a slave without a master, or with too many masters, which is as bad as none. It were often better that he had an ascertained master, instead of an irresponsible and unascertained one.

There are some startling social phenomena connected with this subject of labor and capital, which will probably be new to most of our readers. Legislators and philosophers often puzzle their own and other people's brains, in vain discussions as to how the taxes shall be laid, so as to fall on the rich rather than the poor. It results from our theory, that as labor creates all values, laborers pay all taxes, and the rich, in the words of Gerrit Smith, "are but the conduits that pass them over to government."