moment_, and not eventually, in the sole end of utilising the metal for itself, to be represented by its equivalent in gold or silver; of those who persuade themselves that the words capital and fortune represent anything else than _relative_ social power of action or enjoyment which it is sufficient to record, to make public, purely, simply and legally, as we propose, in order that it may be absolutely guaranteed to each person. ERNEST SOLVAY. FOOTNOTES: [A] _Annals of the Institute._ N^o 1. June, 1894. [B] If it is not admitted that the term _dh/o_ exactly represents the account of the conditions of the supply and the demand, it could be represented in a more general way by a function F (_dho_) of the elements _d_, _h_, _o_, which are the only ones which ever can, according to our view, intervene in the fixing, for even admitting that things could be regulated to the last point, socialized if you will, these two elements of supply and demand would at least remain always existing and dominant. [C] It is by design that we employ the expression _transactional value_ in order to differentiate it from a value such as would result from a theory of the measure of value based on work stored up in transactional merchandise, a theory with which we have not here to occupy ourselves. [D] _Annales de l'Institut_, 1896. N^{os} 1 and 4. [E] _Annales de l'Institut_, 1896. N^o 5. [F] We think we ought here to recall (see: _Comptabilism et Proportionnalisme social_) that every-one who makes transactions carries about with him not only his account book, but also a marker or stamp bearing representative figures or signs, identifying his personality and by aid of which he inscribes or obliterates the figures significant of the transactions in the account book of his correspondent. It is needless to add, that instead of marking,--an operation we have always put forward the better to show that all account-keeping can be done by simple inscription or the registration of figures and without any «exchange» whatsoever, not even of bits of paper--a system could be adopted, for example, consisting of having on the credit and debit sides of the account-books, leaves of stamps more or less analogous to postage stamps, credit-stamps which the buyer would detach from his account-book, and which would be fastened into that of the seller, then the seller would detach from his account-book corresponding debit stamps to be fastened to the debit side of that of the buyer. These stamps would carry naturally besides their signification the same figures or representative signs of the personality of the maker of the transaction as the marker they would be destined to replace. The comptabilistic system making use of such stamps rather than of marks would be applied to defered payments as well as to current payments, it could be thus used in every case.