issued by their creator, the community, for value received. I have the same title to the land that I have to the watch; not to the material made by the Almighty, but to whatsoever has been added of desirability thereto by the action of man. The community has been settled with up-to-date for both the land and the watch, but has a continuing claim against them so long as it enables me to employ them advantageously than I could without its assistance. If I sell my land the purchaser receives in return for his money all those advantages which it required so many years of toil and danger to win--he pays for the sacrifices made by others in preference to going into the wilderness and making them himself. The market value of my land is a "labor product," just as my watch is a labor product, hence all this prattle about relieving industry of governmental burdens by any economic thaumaturgy whatsoever is the merest moonshine. It is quite true that "the great middle class" does not own the most valuable lots in New York and London; but I have the "chilled steel" hardihood to affirm that not only the bulk of the land but of the land values are in the possession of people who are poor as compared with the occupants of those sumptuous palaces which the George conspiracy for the further enrichment if Dives and the starvation of Lazaras would exempt from taxation. The total wealth of this nation is not far from 75 billions, while all the land, exclusive of improvements, would not sell for more than 20 billion. The naked land of our 5 million farms is estimated at about 10 billion, so that leaves but about 10 billion for urban lands--less than one-seventh of the total value. I have no reliable statistics at hand showing what proportion of urban inhabitants own their homes; but we may safely assume that one-half do so. Now, if this be true, we may also assume that the land values held by the very wealthy--the people whom the Single Taxers profess to be after,--do not exceed one-fourth of all land values, or one-fifteenth of total property values. Hence you see it is quite possible for 250,000 to own 80 per cent of ALL values, while the bulk of the LAND values remain with the common people. And it is these common people that the Single Tax will crush for the benefit of these 250,000 plutocrats, the bulk of whose wealth is in personal property.