LINE OF LEAST RESISTANCE 63 



taking money out of one pocket and putting it 

 in another. He has come to know what capital 

 means, what it exacts, because he must buy 

 his plant before he can begin to expend his 

 labor on it. Yet his brother, still vastly in 

 the majority, rolls his receipts into one and 

 calls them wages and very good wages they 

 are indeed, when labor is so favorably situated 

 that it can usurp the tithe of rent. 



And, in addition to pocketing as wages that 

 portion which we late-comers must pay as in- 

 terest on capital, he has lived to see a sensa- 

 tional rise in the value of his land itself, 

 through no .effort on his part a bonus to the 

 individual from a source which Mr. Albert Jay 

 Nock (American Magazine, November, 1912) 

 calls "the social value of land." He calls at- 

 tention to the fact that every increase in pop- 

 ulation of the City of New York reacts upon 

 real estate values as definitely as does the in- 

 crease in steam pressure react upon a steam 

 gage. He cites the fact that the birth of a 

 child, a pauper, weak and rachitic though it 

 may be, adds $849 to the aggregate value of 

 New York real estate. A hundred men out of 

 employment, sleeping on park benches, pro- 

 ducing nothing, consuming charity, add, by 



