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Price, in muslin, $1.00; in paper, 50 cents.
FOR SALE BY ALL BOOKSELLER S.
OPINIONS OF THE PRESS ON THE FIRST EDITION:
[From the New Orleans Picayune.]
The book is well written; the language is compact and clear, and presented with great logical force.
[From the St. Louis Journal.]
Mr. Hill has accomplished a work of which he may be proud, -a work certain to attract widespread attention; and we may feel gratified that our own city has produced a thinker so original.
[From the Chicago Times.]
It is unquestionably the work of a cultivated mind. * * * Mr. Hill is of the opinion that there should be a complete revolution in our National and State governments. Our federative republic must be completely transformed in order to become truly federative and really republican.
[From the Philadelphia Age.]
A very thoughtful contribution to political science; * * * carefully prepared both as to matter and style. * * * The author has fortunately never surrendered his judgment to any one-sided theory, and his writings, whether they treat of secular or religious interests, are equally earnest and impartial.
[From the St. Louis Globe.]
This work is certain to produce a sensation in literary circles and a lasting impression upon the people. It is the most hopeful book of the century. * * * We believe the book is one for the times, as well as for the age, and the author has established his claim to be one of the truest friends of humanity of whom we have record.
[From the St. Louis Rural World.]
We call the attention of the Patrons of Husbandry, the Sovereigns of Industry, and the Labor Union Leagues to a new and original book, entitled "Liberty and Law united in Federative Government," by the Hon. Britton A. Hill, of St. Louis. All the problems of those branches of the government now of especial interest to the people-moneypanics, inflation of national money, redemption of 5-20 bonds, reduction of all classes of taxes and tariffs, etc. - are critically examined in this work, and the remedies for all the evils, frauds, legal despotisms, and official robbery are carefully and practically stated, so as to be thoroughly understood by all. It is one of the most complete and perfect works on these abstruse questions now in print.
[From the St. Louis Republican.]
It is evidently a work that required for its production a practical knowledge of law, an intelligent understanding of the machinery of governments, and a deep interest in the whole subject. * * * This treatise on "Liberty and Law" may therefore be regarded as the formulated results of the life work of a successful lawyer, presented for the consideration of the future law-makers of peoples who would govern themselves. *** It is a work worth reading and listening to, and is offered in the best interests of republican institutions, which are rapidly gaining ground in the thinking and activity of mankind. * * *Mr. Hill's book is a presentation of facts, fruits that the past has borne, and a series of hints and suggestions towards purification from errors, and the highest form of liberty and law under federative government. It is clearly and forcibly written, and the various subjects treated follow in logical sequence ** * The scope of the work embraces domestic as well as political economy, and the book is an honest and effective effort to benefit mankind.
[From the Journal of Speculative Philosophy.]
This most able and scholarly quarterly published in this country devotes several pages of editorial comment to Mr. Hill's book, from which we extract the following:· "It will be noticed by this index that Mr. Hill has discarded the theory of government that limits the scope of its functions to the maintenance of justice among men. He would have it also secure social well-being, -nurture, if we may so call it. In the current philosophical view, the functions of nurture, social combination, and the maintenance of justice are separated, and assigned respectively to one of the three institutions, the family, civil society, the State. It is quite cvident that within the family, for
instance, wherein the perpetuation of the race is cared for, a strict application of the principle of justice could not be expected. It would destroy the race if one were to treat all infants as though they were perfectly responsible beings, and with this view were to return upon the consequences of their deeds. Nurture is the shape of a rational treatment of the race in its infantile years, and nurture is even the predominating feature of the most rudimentary States, -e.g., that of China. Civil society is an organism whose function is the supply of human wants, food, clothing, and shelter. In this organism each man labors to produce a special product, which he contributes to the general store (i.e., sells it in the market), and withdraws from the general store (i.e., purchases in the market) a quantity of special products measured by the value of his own contribution. Each works for all, and all for each. But it is not done after the manner which Communism proposes. It is not equal contribution; neither is it equal distribution. In the family, however, there is community of goods: the wants of each áre supplied from the common fund, regardless of the source of the contributions to it. This is nurture. In civil society, on the other hand, each draws out of the supply created by the combined endeavor of all, only an equivalent of what he puts in. Hence each man is self-determined, -receives the fruit of his own deeds. It is clear that this institution is governed by a principle which would destroy the race if it were applied within the family, and the infant to receive only what he earned. * * *
"Right here comes in the phase of municipal organization and public corporations. The labor of the individual in producing special products for the market is limited to such special products as may be exclusively possessed and used by others individually. But there are thousands of modes in which the welfare of society can be promoted by the application of labor to the removal of general obstacles or to the creation of general facilities: the highway, the bridge, the railroad, the canal, the aqueduct, the sewer, the useful invention, etc., etc. No single person can consume, entirely, one of such products as these. They are valuable to a whole community and to a series of generations. In order that human labor may be applied to such substantial productions as these, there must be some form of guaranty that such labor shall be remunerative; that it shall be able to convert into money its present labor, expended not for special commodities, but for the general good of the community at large, and it may be for the generations that are to come; that it shall be able to realize for itself special commodities for such general productive activity. The device invented for this purpose is the chartered corporation, a semi-political, semi-social institution. It is clear that Mr. Hill would absorb, if not all, at least the greater part of this sphere into the State itself, and make it solely political. What is for the public weal shall belong to the State, is the principle set up in his book. The public health, the public education, money, highways, even the newspaper, shall come into the hands of the State.
"Mr. Hill recommends a national system of paper money, opposes the issue of interest-bearing bonds by the State, suggests an international clearing-house.
"Whatever may be said against the interference of the State in the affairs of civil society, there is no prospect of preventing such interference. A nation that refused would be speedily forced to interfere with and regulate the functions of society, were it only to preserve itself from destruction. Mr. Hill sees this fact in all its scope."
A NEW SYSTEM OF
FINANCE FOR THE UNITED STATES.
By BRITTON A. HILL,
Author of "LIBERTY AND LAW."
This work is universally acknowledged by the press to be the most complete book on modern finance now in print. All the phases of the money question, the coin resumption, the national-banking system, and the national legal-tender system, are fully analyzed and examined. The author presents a complete system of national finance for the United States.
What the Republican Presidential candidate thinks of Mr. HILL's work on Political Economy. Hon. JAMES A. GARFIELD on HILL'S "Absolute Money," in the Atlantic Monthly of February, 1876, p. 223 et seq.: "ABSOLUTE MONEY," that is, printed pieces of paper, called dollars, to be the only standard of value, the only legal tender for all debts, public and private, the only circu lating medium. The advocates of this kind of " money," though few in numbers, claim the highest place as philosophers.
The ablest defence of this doctrine will be found in a brochure of one hundred and eighteen pages, by Britton A. Hill, published in St. Louis during the present year, and entitled "ABSOLUTE MONEY."
ABSOLUTE MONEY. Hon. Britton A. Hill's New Work on Finance. "A New System of National Finance, under a Coöperative Government."
It is known in this section of the country that the Hon. Britton A. Hill has for some time been engaged in the preparation of a work on national finance. A copy of the work came to us yesterday, in the shape of a neat volume of one hundred and twenty pages, with the imprint of Soule, Thomas & Wentworth, of this city, as the publishers. We cannot give our readers a better idea of the subject and purpose of the work than by producing the language of the author in the preface, which we print almost entire.
[Editorial from the Globe-Democrat of July 16, 1875.]
Hon. Britton A. Hill's long-expected work on finance is published, and we print on the third page of to-day's Globe-Democrat the most important portions of the preface,enough to show the scope and purpose of the work. Mr. Hill repudiates the term "inflationist," as applied to him, and yet he is the greatest inflationist of them all; but he is sensible, logical, and consistent throughout, which cannot be said of those who are advocating inflation as a political helper. If inflation is right, Mr. Hill is right; but as we are convinced that inflation is wrong, we cannot be supposed to indorse the views set forth by Mr. Hill. We shall, however, take occasion to refer to them at some length hereafter. Meantime, let all read the extracts which we present to-day. They contain more thought and argument than all the stump-speeches which have been made in Ohio this year.
[From the St. Louis Republican.]
A New System of National Finance. By Britton A. Hill, author of "Liberty and Law." Published by Soule, Thomas & Wentworth, 208 South Fourth Street.
In recommending the above work to the attention of our readers, we do not by any means intend to commit ourselves to the support of Mr. Hill's system of an absolute national money, irredeemable in any specific commodity, such as gold and silver, but made by act of Congress the exclusive legal tender of the country. But we feel justified in recommending this book as the most thorough and exhaustive work on the intricate money-question in general, and, at the same time, as the boldest and most logical exposition of the particular financial problem which the people of the United States are called upon to solve within the next few years.
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