"It is in the use of the term capital in two senses. In the primary proposition that capital is necessary to the exertion of productive labour, the term "capital" is understood as including all food, clothing, shelter, &c.; whereas in the deductions finally drawn from it, the term is used in its common and legitimate meaning of wealth devoted, not to the immediate gratification of desire, but to the procurement of more wealth--of wealth in the hands of employers as distinguished from labourers" (p. 40). [182] I am by no means concerned to defend the political economists who are thus charged with blundering; but I shall be surprised to learn that any have carried the art of self-entanglement to the degree of perfection exhibited by this passage. Who has ever imagined that wealth which, in the hands of an employer, is capital, ceases to be capital if it is in the hands of a labourer? Suppose a workman to be paid thirty shillings on Saturday evening for six days' labour, that thirty shillings comes out of the employer's capital, and receives the name of "wages" simply because it is exchanged for labour. In the workman's pocket, as he goes home, it is a part of his capital, in exactly the same sense as, half an hour before, it was part of the employer's capital; he is a capitalist just as much as if he were a Rothschild. Suppose him to be a single man, whose cooking and household matters are attended to by the people of the house in which he has a room; then the rent which he pays them out of this capital is, in part, wages for their labour, and he is, so far, an employer. If he saves one shilling out of his thirty, he has, to that extent, added to his capital when the next Saturday comes round. And if he puts his saved shillings week by week into the Savings Bank, the difference between him and the most bloated of bankers is simply one of degree. At page 42, we are confidently told that [183] "labourers by receiving wages" cannot lessen "even temporarily" the "capital of the employer," while at page 44 it is admitted that in certain cases the capitalist "pays out capital in wages." One would think that the "paying out" of capital is hardly possible without at least a "temporary" diminution of the capital from which payment is made. But "Progress and Poverty" changes all that by a little verbal legerdemain:--