Labor and Other Capital:
The right of each secured and the wrongs of both eradicated. Or, an exposition of the cause of why few are wealthy and many poor, and the delineation of a system, which, without infringing the rights of property, will give to labour its just reward.New York: Published by the author, 1849 Stock Code: 124816
First edition in book form. The work first received publication as a short pamphlet entitled "Currency; The Evil and the Remedy" in around 1843 before being adapted into a book and retitled. Kellogg believed that "commercial disturbances and economic evils in general were due to a lack of credit facilities. He consequently proposed a national currency to be based upon actual property or land security to be loaned to individuals at a uniform rate of interest and therefore of uniform value in all parts of the country. Through this agency wealth would be more fairly distributed, as labour would not be subject to capital." (Palgrave II, p. 503).
Octavo in 4s. Original brown cloth, spine lettered gilt, covers panelled in blind with elaborate floral and geometric designs to centre.
Ownership inscription to front free endpaper. Spine ends chipped, pale spots to front board, tips worn, light spotting throughout; a very good copy.
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