PREFACE TO SECOND EDITIOIT 



Many years ago while lecturing and canvassing in the interests 

 of Labor Reform, and regarding financial reform as indispensably the 

 initiative step towards any real progress in that direction, the author 

 advocated the adoption of Colonel Wm. B. Greene's plan for Mutual 

 Banking, in order to abolish interest; and the utilization of other 

 products of labor besides gold and silver as a basis for the issue of 

 paper money, in order to obtain a surplus of capital, instead of a sur- 

 plus of labor, as we have at present. But conflicting financujkreeds 

 revealed the necessity for scientific formula upon which ts^^se the 

 true or correct system, and as diligent search for it failed to discover 

 any successful effort, while despairing of accomplishing so important 

 a task, the writer nevertheless made the attempt. How well he has 

 succeeded i^ tor Mi^^^^ *° judge. In 1879 the Murray Hill Publishing 

 Company, issued a i>amphlet entitled, "The Abolition of Interest, a 

 SiiTiple Prbblem," embodying in a condensed form what progress had 

 been made up to tlMt time. The present pamphlet is a second 

 edition, revised and enlarged, but the fundamental principles are the 

 same. It is sincerely hoped that it may, at least, contribute in some 

 measure to the solution of the great ([uestions that are herein dis- 

 cussed, and thus solve the problem of c(^])eration, which must 

 ultimately take the place of all government.* 



w Thk Author. 



* Government means coercion, In co-operation there is no compulsion — what 

 •govcrnme^BlfcB^is, is selk govkknmknt. 



