Proudhon and His "bank of the People,": Being a Defence of the Great French Anarchist, Showing the Evils of a Specie Currency, and that Interest on Capital Can and Ought to be Abolished by a System of Free and Mutual Banking

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B.R. Tucker, 1896 - 67 pages
 

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Page viii - Let others give aid and comfort to despots. Be it ours to stand for Liberty and Justice, nor fear to lock arms with those who are called hotheads and demagogues.
Page 5 - Proudhon's and know no more of his character than they do of his ideas, take their cue from European brethren and make themselves ridiculous by talking at second or third hand what was little else than a mixture of ignorance and spite at first. We humbly protest against such a mode of deciding upon the merits of a man who, whatever be his faults as a thinker, must be admitted, on a more careful observation, to possess a remarkable degree of originality and vigor of mind as well as of honesty and...
Page 33 - ... corn and vines, the rain brings forward the harvest, and nature, which has created the sheep, the cow, and the horse for his service, has a thousand hidden forces to be employed by the inventions of his brain; but capital with no laborers to consume it can only lie useless and rot back into the first elements of matter. But, you say, the laborer with capital produces more than one without. Therefore capital is productive as the tool and instrument of labor, and I, its owner, am, in strict and...
Page 32 - Thus property is formed as a matter of convention, which differs as much from justice as eclecticism does from truth, or the real value of a thing does from its market price. In the series of variations which it undergoes between the two extremities of injustice, — namely, rude violence and faithless cunning, — the contending parties continually end by some convention. But justice follows upon their agreement and compels the fulfillment of its conditions; the true law continually evolves itself...
Page 8 - Contradictions of Political Economy," * where he sets the doctrines of opposing schools of economists to destroying each other somewhat after the fashion of the Kilkenny cats. But, however this may be, the learning of M. Proudhon in the systems of philosophical writers is immense. We know privately that Mr. Morrell of London, author of the recent history of modern philosophy, regards him as almost unequaled in this respect.
Page 35 - ... be better for him to give you an enormous share of his product rather than be deprived of using your surplus; but that has nothing to do with strict justice, and by no means proves that your capital or anybody's else is productive, as we will show you when Labor and Credit and Exchanges — or, in other words, Production, Circulation, and Consumption — are once rightly organized. Well, if this be so, what then? Why, interest and rent are not founded in any permanent principle, but merely arise...
Page 14 - This remarkable man lacks, however, in the practical wisdom which steers through difficulties without running ashore. He is no politician, and has not the politician's tact and prudence. He is deficient in the love of approbation, and cares too little for others. This was especially manifested in the closing up of the Bank of the People last spring in Paris. The organization had been commenced by him in conjunction with Victor Chipron, Jules Lechevalier, Raman...
Page 6 - ... ever seized; and a weariless activity made his studies as extensive as they were thorough. He graduated with a reputation as brilliant as it was well earned, and no one could have had reason to doubt that fame and fortune awaited him in whatever profession he might choose. But the young student was not like his companions. The learned professions did not tempt him; he fancied that in none of them could be found that independence which he knew to be the first want of his nature. He must have for...

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