Another false principle at the root of our politico-commercial system is, that Credit should exist only for the rich, and not at all for the poor. This is a most atrocious principle, both in theory and practice. As between citizen and citizen, or between subject and subject, the principle might be defensible enough on prudential grounds; but as between the citizen and his country it is wholly unjustifiable, and calculated to keep subordinates subordinate, and to fatten tyrants and usurers with the sweat and blood of slaves. If the _rents_ of the country were public property, as they ought to be, no honest, industrious man should be refused a temporary advance or loan from them for productive purposes; and it is not in the power of man to conceive a better security for the repayment of the same than the skilled labour of an industrious, sober freeman protected by laws made with his own consent. There is no other security _now_ for the repayment of loans, public or private, than the known capacity of working men to produce a _surplus_ over and above their own consumption. If they could not, or did not, do this, there would be no interest for fundholders, mortgagees, or money-lenders of any sort. Indeed, there is no other source than the said surplus for the payment of rents, taxes, dividends, premiums on insurance policies, and the interest of upwards of two thousand millions of private debts. Out of the same source, and no other, comes also the enormous income annually received by capitalists and traders under the name of Profits. Upstarts, who have made fortunes in trade, invariably make the worst landlords--the least social and hospitable, the most grinding and exacting. This is exemplified in every country in Europe, where rents are continually becoming heavier, and small farms more difficult of attainment by the poor, in proportion as the mercantile body and master-manufacturers increase in numbers and in wealth. In all such countries, national or public debts, provincial debts, and corporation debts are never-failing concomitants of increased commerce and manufactures, as are also banking and other joint-stock companies, which absorb so much of the produce of the soil for profits, discounts, dividends, and interest of money, that there would be nothing left for the landlords and cultivators, if it were not that the working-classes are dispossessed altogether both of their _proprietary_ and their _occupancy_ rights in the soil, and turned into mere drudges or wages-slaves to the landlords and tenant-farmers, who work them harder, and feed them worse, than their cattle. The difference between what the labourers and mechanics actually produce in value and the miserable pittance allowed to them is the plunder-fund out of which are kept in comparative ease and luxury the worthless classes that enslave and prey upon them. Yes, the whole and sole security for all is the labourer’s capability to