Excerpt from The American Magazine of Civics, Vol. 6: January to June, 1895 With this statement I take direct issue. Instead of wealth, in itself, being the only thing possessing value, it is the one thing which has not and never had any value. In the above para graph, Mr. Kitson touched the true source of value and allowed it to slip by him unnoticed. Monopoly is now and always has been the true and only basis of value, and the extinction of any form of monopoly necessarily implies the extinction of the cor relative values. Wealth is merely the denominator, the term by which monopoly values are expressed. In order that man may live, he must have those things which are necessary to life, and since all men desire to live and desire that life shall be made as agreeable as possible, they desire those things that are necessary to life and to an agreeable existence. The things so desired may be either natural forces and materials, as air, heat, light, shade, and shelter, or they may be the materials of the earth's substance, changed in form and location, by the use of human energy assisted by those natural forces, animate and inanimate, which man is able to bend to his serv ice. The things thus produced are called by economists wealth. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.