It concerns us most, however, to make a comparison of our wealth producing agencies, and the channels of their distribution, and for this purpose we shall take our metropolis as it stands in its maturity. It contains, now, like your city of advanced growth, about three hundred thousand inhabitants. Its land rentals have been subjected to constant modification, and are in some places very much higher than they were at first. In certain localities, where trade has concentrated, the public fund has been increased by a considerable advance of rent to store keepers, but there is no exorbitant demand of rent for such favored places as there is with you. The purpose of rent with us being only to meet the expenses of government, its total is limited; and consequently, while in the mercantile and trade districts, where wealth and capital are most heavily engaged, it has been materially advanced, a corresponding reduction has taken place in the residence portions. The direct and immediate effect, therefore, of an appreciation of land value, is to reduce living expenses among the masses by curtailing their rents. In the absence of any monopoly of private ownership, there is no case, even in the most concentrated places, where rent forms anywhere near so large a proportion of business expense as with you. By your land ownership methods, landlords have an access to both pockets of the tenant. Out of one they take to the limit of their greed whatever sum they choose for the privilege of business quarters, or a dwelling place, and from the other a tithe on everything consumed by the enhanced cost of its distribution. As our material wants and needs are very much like yours, it is not hard to make a comparative estimate of the savings of industry. We produce more wealth than you in a given time, even with our shorter daily periods of work, because, with few exceptions, all are engaged in the business of production. By this increased productiveness every consumer is richer. He is able by a smaller amount of labor to procure a greater amount of the objects of desire. Our production is more perfect than yours, by the use of more perfect machinery. Our division of labor is more complete than yours. Our workmen having abundant leisure for intellectual development, all the practical advantages of knowledge and science are immediately brought into effect. By avoiding your great waste of capital by excessive government expenditures, it is constantly so abundant with us that its proportion to labor makes labor remunerative.