The
change
of
value
that
occurs
in
the
case
of
money
intended
to
be
converted
into
capital,
cannot
take
place
in
the
money
itself,
since
in
its
function
of
means
of
purchase
and
of
payment,
it
does
no
more
than
realise
the
price
of
the
commodity
it
buys
or
pays
for;
and,
as
hard
cash,
it
is
value
petrified,never
varying.1Just
as
little
can
it
originate
in
the
second
act
of
circulation,
the
re-sale
of
the
commodity,which
does
no
more
than
transform
the
article
from
its
bodily
form
back
again
into
its
money-form.
The
change
must,
therefore,
take
place
in
the
commodity
bought
by
the
first
act,
M-C,
but
not
in
its
value,
for
equivalents
are
exchanged,
and
the
commodity
is
paid
for
at
its
full
value.
We
are,
therefore,
forced
to
the
conclusion
that
the
change
originates
in
the
use-value,as
such,
of
the
commodity,
i.e.,
in
its
consumption.
In
order
to
be
able
to
extract
value
from
the
consumption
of
a
commodity,
our
friend,
Moneybags,
must
be
so
lucky
as
to
find,
within
the
sphere
of
circulation,
in
the
market,
a
commodity,
whose
use-value
possesses
the
peculiar
property
of
being
a
source
of
value,
whose
actual
consumption,
therefore,
is
itself
an
embodiment
of
labour,
and,
consequently,
a
creation
of
value.
The
possessor
of
money
does
find
on
the
market
such
a
special
commodity
in
capacity
for
labour
or
labour
power.
By
labour-power
or
capacity
for
labour
is
to
be
understood
the
aggregate
of
those
mental
and
physical
capabilities
existing
in
a
human
being,
which
he
exercises
whenever
he
produces
a
use-value
of
any
description.
But
in
order
that
our
owner
of
money
may
be
able
to
find
labour-power
offered
for
sale
as
a
commodity,various
conditions
must
first
be
fulfilled.
The
exchange
of
commodities
of
itself
implies
no
other
relations
of
dependence
than
those
which
result
from
its
own
nature.
On
this
assumption,
labour-power
can
appear
upon
the
market
as
a
commodity,
only
if,
and
so
far
as,
its
possessor,
the
individual
whose
labour-power
it
is,
offers
it
for
sale,
or
sells
it,
as
a
commodity.
In
order
that
he
may
be
able
to
do
this,
he
must
have
it
at
his
disposal,
must
be
the
untrammelled
owner
of
his
capacity
for
labour,
i.e.,
of
his
person.2He
and
the
owner
of
money
meet
in
the
market,
and
deal
with
each
other
as
on
the
basis
of
equal
rights,
with
this
difference
alone,
that
one
is
buyer,
the
other
seller;both,
therefore,
equal
in
the
eyes
of
the
law.
The
continuance
of
this
relation
demands
that
the
owner
of
the
labour-power
should
sell
it
only
for
a
definite
period,
for
if
he
were
to
sell
it
rump
and
stump,once
for
all,
he
would
be
selling
himself,
converting
himself
from
a
free
man
into
a
slave,
from
an
owner
of
a
commodity
into
a
commodity.
He
must
constantly
look
upon
his
labour-power
as
his
own
property,
his
own
commodity,
and
this
he
can
only
do
by
placing
it
at
the
disposal
of
the
buyer
temporarily,
for
a
definite
period
of
time.
By
this
means
alone
can
he
avoid
renouncing
his
rights
of
ownership
over
it.3
The
second
essential
condition
to
the
owner
of
money
finding
labour-power
in
the
market
as
a
commodity
is
this
–
that
the
labourer
instead
of
being
in
the
position
to
sell
commodities
in
which
his
labour
is
incorporated,
must
be
obliged
to
offer
for
sale
as
a
commodity
that
very
labour-power,
which
exists
only
in
his
living
self.
In
order
that
a
man
may
be
able
to
sell
commodities
other
than
labour-power,
he
must
of
course
have
the
means
of
production,
as
raw
material,
implements,&c.
No
boots
can
be
made
without
leather.
He
requires
also
the
means
of
subsistence.
Nobody
–
not
even\"a
musician
of
the
future\"
–
can
live
upon
future
products,
or
upon
use-values
in
an
unfinished
state;and
ever
since
the
first
moment
of
his
appearance
on
the
world's
stage,
man
always
has
been,
and
must
still
be
a
consumer,
both
before
and
while
he
is
producing.In
a
society
where
all
products
assume
the
form
of
commodities,
these
commodities
must
be
sold
after
they
have
been
produced,
it
is
only
after
their
sale
that
they
can
serve
in
satisfying
the
requirements
of
their
producer.
The
time
necessary
for
their
sale
is
superadded
to
that
necessary
for
their
production.
For
the
conversion
of
his
money
into
capital,therefore,
the
owner
of
money
must
meet
in
the
market
with
the
free
labourer,
free
in
the
double
sense,that
as
a
free
man
he
can
dispose
of
his
labour-power
as
his
own
commodity,
and
that
on
the
other
hand
he
has
no
other
commodity
for
sale,
is
short
of
everything
necessary
for
the
realisation
of
his
labour-power.
The
question
why
this
free
labourer
confronts
him
in
the
market,
has
no
interest
for
the
owner
of
money,
who
regards
the
labour-market
as
a
branch
of
the
general
market
for
commodities.
And
for
the
present
it
interests
us
just
as
little.
We
cling
to
the
fact
theoretically,
as
he
does
practically.
One
thing,however,
is
clear
–
Nature
does
not
produce
on
the
one
side
owners
of
money
or
commodities,
and
on
the
other
men
possessing
nothing
but
their
own
labour-power.
This
relation
has
no
natural
basis,neither
is
its
social
basis
one
that
is
common
to
all
historical
periods.
It
is
clearly
the
result
of
a
past
historical
development,
the
product
of
many
economic
revolutions,
of
the
extinction
of
a
whole
series
of
older
forms
of
social
production.
So,
too,
the
economic
categories,
already
discussed
by
us,
bear
the
stamp
of
history.
Definite
historical
conditions
are
necessary
that
a
product
may
become
a
commodity.
It
must
not
be
produced
as
the
immediate
means
of
subsistence
of
the
producer
himself.
Had
we
gone
further,
and
inquired
under
what
circumstances
all,
or
even
the
majority
of
products
take
the
form
of
commodities,
we
should
have
found
that
this
can
only
happen
with
production
of
a
very
specific
kind,capitalist
production.
Such
an
inquiry,
however,
would
have
been
foreign
to
the
analysis
of
commodities.Production
and
circulation
of
commodities
can
take
place,
although
the
great
mass
of
the
objects
produced
are
intended
for
the
immediate
requirements
of
their
producers,
are
not
turned
into
commodities,
and
consequently
social
production
is
not
yet
by
a
long
way
dominated
in
its
length
and
breadth
by
exchange
value.
The
appearance
of
products
as
commodities
pre
supposes
such
a
development
of
the
social
division
of
labour,
that
the
separation
of
use-value
from
exchange
value,
a
separation
which
first
begins
with
barter,
must
already
have
been
completed.
But
such
a
degree
of
development
is
common
to
many
forms
of
society,which
in
other
respects
present
the
most
varying
historical
features.
On
the
other
hand,
if
we
consider
money,
its
existence
implies
a
definite
stage
in
the
exchange
of
commodities.
The
particular
functions
of
money
which
it
performs,
either
as
the
mere
equivalent
of
commodities,
or
as
means
of
circulation,
or
means
of
payment,
as
hoard
or
as
universal
money,
point,according
to
the
extent
and
relative
preponderance
of
the
one
function
or
the
other,
to
very
different
stages
in
the
process
of
social
production.
Yet
we
know
by
experience
that
a
circulation
of
commodities
relatively
primitive,
suffices
for
the
production
of
all
these
forms.
Otherwise
with
capital.
The
historical
conditions
of
its
existence
are
by
no
means
given
with
the
mere
circulation
of
money
and
commodities.
It
can
spring
into
life,
only
when
the
owner
of
the
means
of
production
and
subsistence
meets
in
the
market
with
the
free
labourer
selling
his
labour-power.
And
this
one
historical
condition
comprises
a
world's
history.Capital,
therefore,
announces
from
its
first
appearance
a
new
epoch
in
the
process
of
social
production.4
We
must
now
examine
more
closely
this
peculiar
commodity,
labour-power.
Like
all
others
it
has
a
value.5How
is
that
value
determined
The
value
of
labour-power
is
determined,
as
in
the
case
of
every
other
commodity,
by
the
labour-time
necessary
for
the
production,
and
consequently
also
the
reproduction,
of
this
special
article.
So
far
as
it
has
value,
it
represents
no
more
than
a
definite
quantity
of
the
average
labour
of
society
incorporated
in
it.Labour-power
exists
only
as
a
capacity,
or
power
of
the
living
individual.
Its
production
consequently
pre-supposes
his
existence.
Given
the
individual,the
production
of
labour-power
consists
in
his
reproduction
of
himself
or
his
maintenance.
For
his
maintenance
he
requires
a
given
quantity
of
the
means
of
subsistence.
Therefore
the
labour-time
requisite
for
the
production
of
labour-power
reduces
itself
to
that
necessary
for
the
production
of
those
means
of
subsistence;
in
other
words,
the
value
of
labour-power
is
the
value
of
the
means
of
subsistence
necessary
for
the
maintenance
of
the
labourer.
Labour-power,however,
becomes
a
reality
only
by
its
exercise;
it
sets
itself
in
action
only
by
working.
But
thereby
a
definite
quantity
of
human
muscle,
nerve,
brain,&c.,
is
wasted,
and
these
require
to
be
restored.
This
increased
expenditure
demands
a
larger
income.6If
the
owner
of
labour-power
works
to-day,
to-morrow
he
must
again
be
able
to
repeat
the
same
process
in
the
same
conditions
as
regards
health
and
strength.His
means
of
subsistence
must
therefore
be
sufficient
to
maintain
him
in
his
normal
state
as
a
labouring
individual.
His
natural
wants,
such
as
food,
clothing,
fuel,
and
housing,
vary
according
to
the
climatic
and
other
physical
conditions
of
his
country.
On
the
other
hand,
the
number
and
extent
of
his
so-called
necessary
wants,
as
also
the
modes
of
satisfying
them,are
themselves
the
product
of
historical
development,and
depend
therefore
to
a
great
extent
on
the
degree
of
civilisation
of
a
country,
more
particularly
on
the
conditions
under
which,
and
consequently
on
the
habits
and
degree
of
comfort
in
which,
the
class
of
free
labourers
has
been
formed.7In
contradistinction
therefore
to
the
case
of
other
commodities,
there
enters
into
the
determination
of
the
value
of
labour
power
a
historical
and
moral
element.
Nevertheless,
in
a
given
country,
at
a
given
period,
the
average
quantity
of
the
means
of
subsistence
necessary
for
the
labourer
is
practically
known.
The
owner
of
labour-power
is
mortal.
If
then
his
appearance
in
the
market
is
to
be
continuous,
and
the
continuous
conversion
of
money
into
capital
assumes
this,
the
seller
of
labour-power
must
perpetuate
himself,
\"in
the
way
that
every
living
individual
perpetuates
himself,
by
procreation.\"8The
labour
power
withdrawn
from
the
market
by
wear
and
tear
and
death,
must
be
continually
replaced
by,
at
the
very
least,
an
equal
amount
of
fresh
labour-power.Hence
the
sum
of
the
means
of
subsistence
necessary
for
the
production
of
labour-power
must
include
the
means
necessary
for
the
labourer's
substitutes,
i.e.,
his
children,
in
order
that
this
race
of
peculiar
commodity
owners
may
perpetuate
its
appearance
in
the
market.9
In
order
to
modify
the
human
organism,
so
that
it
may
acquire
skill
and
handiness
in
a
given
branch
of
industry,
and
become
labour-power
of
a
special
kind,a
special
education
or
training
is
requisite,
and
this,on
its
part,
costs
an
equivalent
in
commodities
of
a
greater
or
less
amount.
This
amount
varies
according
to
the
more
or
less
complicated
character
of
the
labour
power.
The
expenses
of
this
education
(excessively
small
in
the
case
of
ordinary
labour-power),
enter
pro
tanto
into
the
total
value
spent
in
its
production.
The
value
of
labour-power
resolves
itself
into
the
value
of
a
definite
quantity
of
the
means
of
subsistence.
It
therefore
varies
with
the
value
of
these
means
or
with
the
quantity
of
labour
requisite
for
their
production.
Some
of
the
means
of
subsistence,
such
as
food
and
fuel,
are
consumed
daily,
and
a
fresh
supply
must
be
provided
daily.
Others
such
as
clothes
and
furniture
last
for
longer
periods
and
require
to
be
replaced
only
at
longer
intervals.
One
article
must
be
bought
or
paid
for
daily,
another
weekly,
another
quarterly,
and
so
on.
But
in
whatever
way
the
sum
total
of
these
outlays
may
be
spread
over
the
year,
they
must
be
covered
by
the
average
income,
taking
one
day
with
another.If
the
total
of
the
commodities
required
daily
for
the
production
of
labour-power
=
A,
and
those
required
weekly
=
B,
and
those
required
quarterly
=
C,
and
so
on,
the
daily
average
of
these
commodities
=
(365A
52B
4C
&c)
\/
365.
Suppose
that
in
this
mass
of
commodities
requisite
for
the
average
day
there
are
embodied
6
hours
of
social
labour,
then
there
is
incorporated
daily
in
labour-power
half
a
day's
average
social
labour,
in
other
words,
half
a
day's
labour
is
requisite
for
the
daily
production
of
labour
power.
This
quantity
of
labour
forms
the
value
of
a
day's
labour-power
or
the
value
of
the
labour-power
daily
reproduced.
If
half
a
day's
average
social
labour
is
incorporated
in
three
shillings,
then
three
shillings
is
the
price
corresponding
to
the
value
of
a
day's
labour-power.
If
its
owner
therefore
offers
it
for
sale
at
three
shillings
a
day,
its
selling
price
is
equal
to
its
value,
and
according
to
our
supposition,
our
friend
Moneybags,
who
is
intent
upon
converting
his
three
shillings
into
capital,
pays
this
value.
The
minimum
limit
of
the
value
of
labour-power
is
determined
by
the
value
of
the
commodities,
without
the
daily
supply
of
which
the
labourer
cannot
renew
his
vital
energy,
consequently
by
the
value
of
those
means
of
subsistence
that
are
physically
indispensable.If
the
price
of
labour-power
fall
to
this
minimum,
it
falls
below
its
value,
since
under
such
circumstances
it
can
be
maintained
and
developed
only
in
a
crippled
state.
But
the
value
of
every
commodity
is
determined
by
the
labour-time
requisite
to
turn
it
out
so
as
to
be
of
normal
quality.
It
is
a
very
cheap
sort
of
sentimentality
which
declares
this
method
of
determining
the
value
of
labour-power,
a
method
prescribed
by
the
very
nature
of
the
case,
to
be
a
brutal
method,
and
which
wails
with
Rossi
that,
\"To
comprehend
capacity
for
labour
(puissance
de
travail)
at
the
same
time
that
we
make
abstraction
from
the
means
of
subsistence
of
the
labourers
during
the
process
of
production,is
to
comprehend
a
phantom
(être
de
raison).
When
we
speak
of
labour,
or
capacity
for
labour,
we
speak
at
the
same
time
of
the
labourer
and
his
means
of
subsistence,
of
labourer
and
wages.\"10When
we
speak
of
capacity
for
labour,
we
do
not
speak
of
labour,
any
more
than
when
we
speak
of
capacity
for
digestion,we
speak
of
digestion.
The
latter
process
requires
something
more
than
a
good
stomach.
When
we
speak
of
capacity
for
labour,
we
do
not
abstract
from
the
necessary
means
of
subsistence.
On
the
contrary,their
value
is
expressed
in
its
value.
If
his
capacity
for
labour
remains
unsold,
the
labourer
derives
no
benefit
from
it,
but
rather
he
will
feel
it
to
be
a
cruel
nature-imposed
necessity
that
this
capacity
has
cost
for
its
production
a
definite
amount
of
the
means
of
subsistence
and
that
it
will
continue
to
do
so
for
its
reproduction.
He
will
then
agree
with
Sismondi:
\"that
capacity
for
labour
...
is
nothing
unless
it
is
sold.\"11
One
consequence
of
the
peculiar
nature
of
labour
power
as
a
commodity
is,
that
its
use-value
does
not,on
the
conclusion
of
the
contract
between
the
buyer
and
seller,
immediately
pass
into
the
hands
of
the
former.
Its
value,
like
that
of
every
other
commodity,is
already
fixed
before
it
goes
into
circulation,
since
a
definite
quantity
of
social
labour
has
been
spent
upon
it;
but
its
use-value
consists
in
the
subsequent
exercise
of
its
force.
The
alienation
of
labour-power
and
its
actual
appropriation
by
the
buyer,
its
employment
as
a
use-value,
are
separated
by
an
interval
of
time.
But
in
those
cases
in
which
the
formal
alienation
by
sale
of
the
use-value
of
a
commodity,
is
not
simultaneous
with
its
actual
delivery
to
the
buyer,
the
money
of
the
latter
usually
functions
as
means
of
payment.12In
every
country
in
which
the
capitalist
mode
of
production
reigns,
it
is
the
custom
not
to
pay
for
labour-power
before
it
has
been
exercised
for
the
period
fixed
by
the
contract,
as
for
example,
the
end
of
each
week.
In
all
cases,
therefore,
the
use-value
of
the
labour-power
is
advanced
to
the
capitalist:
the
labourer
allows
the
buyer
to
consume
it
before
he
receives
payment
of
the
price;
he
everywhere
gives
credit
to
the
capitalist.That
this
credit
is
no
mere
fiction,
is
shown
not
only
by
the
occasional
loss
of
wages
on
the
bankruptcy
of
the
capitalist,13but
also
by
a
series
of
more
enduring
consequences.14Nevertheless,
whether
money
serves
as
a
means
of
purchase
or
as
a
means
of
payment,
this
makes
no
alteration
in
the
nature
of
the
exchange
of
commodities.
The
price
of
the
labour-power
is
fixed
by
the
contract,
although
it
is
not
realised
till
later,like
the
rent
of
a
house.
The
labour-power
is
sold,although
it
is
only
paid
for
at
a
later
period.
It
will,therefore,
be
useful,
for
a
clear
comprehension
of
the
relation
of
the
parties,
to
assume
provisionally,
that
the
possessor
of
labour-power,
on
the
occasion
of
each
sale,
immediately
receives
the
price
stipulated
to
be
paid
for
it.
We
now
know
how
the
value
paid
by
the
purchaser
to
the
possessor
of
this
peculiar
commodity,
labour
power,
is
determined.
The
use-value
which
the
former
gets
in
exchange,
manifests
itself
only
in
the
actual
utilisation,
in
the
consumption
of
the
labour-power.The
money-owner
buys
everything
necessary
for
this
purpose,
such
as
raw
material,
in
the
market,
and
pays
for
it
at
its
full
value.
The
consumption
of
labour
power
is
at
one
and
the
same
time
the
production
of
commodities
and
of
surplus-value.
The
consumption
of
labour-power
is
completed,
as
in
the
case
of
every
other
commodity,
outside
the
limits
of
the
market
or
of
the
sphere
of
circulation.
Accompanied
by
Mr.Moneybags
and
by
the
possessor
of
labour-power,
we
therefore
take
leave
for
a
time
of
this
noisy
sphere,where
everything
takes
place
on
the
surface
and
in
view
of
all
men,
and
follow
them
both
into
the
hidden
abode
of
production,
on
whose
threshold
there
stares
us
in
the
face
\"No
admittance
except
on
business.\"Here
we
shall
see,
not
only
how
capital
produces,
but
how
capital
is
produced.
We
shall
at
last
force
the
secret
of
profit
making.
This
sphere
that
we
are
deserting,
within
whose
boundaries
the
sale
and
purchase
of
labour-power
goes
on,
is
in
fact
a
very
Eden
of
the
innate
rights
of
man.There
alone
rule
Freedom,
Equality,
Property
and
Bentham.
Freedom,
because
both
buyer
and
seller
of
a
commodity,
say
of
labour-power,
are
constrained
only
by
their
own
free
will.
They
contract
as
free
agents,and
the
agreement
they
come
to,
is
but
the
form
in
which
they
give
legal
expression
to
their
common
will.
Equality,
because
each
enters
into
relation
with
the
other,
as
with
a
simple
owner
of
commodities,
and
they
exchange
equivalent
for
equivalent.
Property,because
each
disposes
only
of
what
is
his
own.
And
Bentham,
because
each
looks
only
to
himself.
The
only
force
that
brings
them
together
and
puts
them
in
relation
with
each
other,
is
the
selfishness,
the
gain
and
the
private
interests
of
each.
Each
looks
to
himself
only,
and
no
one
troubles
himself
about
the
rest,
and
just
because
they
do
so,
do
they
all,
in
accordance
with
the
pre-established
harmony
of
things,
or
under
the
auspices
of
an
all-shrewd
providence,
work
together
to
their
mutual
advantage,
for
the
common
weal
and
in
the
interest
of
all.
On
leaving
this
sphere
of
simple
circulation
or
of
exchange
of
commodities,
which
furnishes
the
\"Free
trader
Vulgaris\"
with
his
views
and
ideas,
and
with
the
standard
by
which
he
judges
a
society
based
on
capital
and
wages,
we
think
we
can
perceive
a
change
in
the
physiognomy
of
our
dramatis
personae.
He,
who
before
was
the
money-owner,
now
strides
in
front
as
capitalist;
the
possessor
of
labour-power
follows
as
his
labourer.
The
one
with
an
air
of
importance,
smirking,intent
on
business;
the
other,
timid
and
holding
back,like
one
who
is
bringing
his
own
hide
to
market
and
has
nothing
to
expect
but
–
a
hiding.
NOTES:
1\"In
the
form
of
money
...
capital
is
productive
of
no
profit.\"(Ricardo:
\"Princ.
of
Pol.
Econ.,\"
p.
267.)
2In
encyclopaedias
of
classical
antiquities
we
find
such
nonsense
as
this
—
that
in
the
ancient
world
capital
was
fully
developed,
\"except
that
the
free
labourer
and
a
system
of
credit
was
wanting.\"
Mommsen
also,
in
his
\"History
of
Rome,\"commits,
in
this
respect,
one
blunder
after
another.
3Hence
legislation
in
various
countries
fixes
a
maximum
for
labour-contracts.
Wherever
free
labour
is
the
rule,
the
laws
regulate
the
mode
of
terminating
this
contract.
In
some
States,particularly
in
Mexico
(before
the
American
Civil
War,
also
in
the
territories
taken
from
Mexico,
and
also,
as
a
matter
of
fact,
in
the
Danubian
provinces
till
the
revolution
effected
by
Kusa),
slavery
is
hidden
under
the
form
of
peonage.
By
means
of
advances,
repayable
in
labour,
which
are
handed
down
from
generation
to
generation,
not
only
the
individual
labourer,
but
his
family,
become,
de
facto,
the
property
of
other
persons
and
their
families.
Juarez
abolished
peonage.
The
so-called
Emperor
Maximilian
re-established
it
by
a
decree,
which,
in
the
House
of
Representatives
at
Washington,
was
aptly
denounced
as
a
decree
for
the
re-introduction
of
slavery
into
Mexico.
\"I
may
make
over
to
another
the
use,
for
a
limited
time,
of
my
particular
bodily
and
mental
aptitudes
and
capabilities;
because
in
consequence
of
this
restriction,
they
are
impressed
with
a
character
of
alienation
with
regard
to
me
as
a
whole.
But
by
the
alienation
of
all
my
labour-time
and
the
whole
of
my
work,I
should
be
converting
the
substance
itself,
in
other
words,
my
general
activity
and
reality,
my
person,
into
the
property
of
another.\"
(Hegel,
\"Philosophie
des
Rechts.\"
Berlin,
1840,
p.104,
§
67.)
4The
capitalist
epoch
is
therefore
characterised
by
this,
that
labour-power
takes
in
the
eyes
of
the
labourer
himself
the
form
of
a
commodity
which
is
his
property;
his
labour
consequently
becomes
wage-labour.
On
the
other
hand,
it
is
only
from
this
moment
that
the
produce
of
labour
universally
becomes
a
commodity.
5\"The
value
or
worth
of
a
man,
is
as
of
all
other
things
his
price
—
that
is
to
say,
so
much
as
would
be
given
for
the
use
of
his
power.\"
(Th.
Hobbes:
\"Leviathan\"
in
Works,
Ed.Molesworth.
Lond.
1839-44,
v.
iii.
p.
76.)
6Hence
the
Roman
Villicus,
as
overlooker
of
the
agricultural
slaves,
received
\"more
meagre
fare
than
working
slaves,
because
his
work
was
lighter.\"
(Th.
Mommsen,
Rm.Geschichte,
1856,
p.
810.)
7Compare
W.
Th.
Thornton:
\"Over-population
and
its
Remedy,\"
Lond.,
1846.
8Petty.
9\"Its
(labour's)
natural
price
...
consists
in
such
a
quantity
of
necessaries
and
comforts
of
life,
as,
from
the
nature
of
the
climate,
and
the
habits
of
the
country,
are
necessary
to
support
the
labourer,
and
to
enable
him
to
rear
such
a
family
as
may
preserve,
in
the
market,
an
undiminished
supply
of
labour.\"
(R.Torrens:
\"An
Essay
on
the
External
Corn
Trade.\"
Lond.
1815,p.
62.)
The
word
labour
is
here
wrongly
used
for
labour-power.
10Rossi:
\"Cours
d'Econ.
Polit.,\"
Bruxelles,
1842,
p.
370.
11Sismondi:
\"Nouv.
Princ.
etc.,\"
t.
I,
p.
112.
12\"All
labour
is
paid
after
it
has
ceased.\"
(\"An
Inquiry
into
those
Principles
Respecting
the
Nature
of
Demand,\"
&c.,
p.104.)
Le
crédit
commercial
a
d
commencer
au
moment
où
l'ouvrier,
premier
artisan
de
la
production,
a
pu,
au
moyen
de
ses
économies,
attendre
le
salaire
de
son
travail
jusqu'à
la
fin
de
la
semaine,
de
la
quinzaine,
du
mois,
du
trimestre,
&c.\"
[\"The
system
of
commercial
credit
had
to
start
at
the
moment
when
the
labourer,
the
prime
creator
of
products,
could,
thanks
to
his
savings,
wait
for
his
wages
until
the
end
of
the
week.\"]
(Ch.Ganilh:
\"Des
Systèmes
d'Econ.
Polit.\"
2éme
édit.
Paris,
1821,t.
II,
p.
150.)
13\"L'ouvrier
prête
son
industrie,\"
but
adds
Storch
slyly:
he\"risks
nothing\"
except
\"de
perdre
son
salaire
...
l'ouvrier
ne
transmet
rien
de
matériel.\"
[\"The
labourer
lends
his
industry...
the
loss
of
his
wages
...
the
labourer
does
not
hand
over
anything
of
a
material
nature.\"]
(Storch:
\"Cours
d'Econ.
Polit.\"Pétersbourg,
1815,
t.
II.,
p.
37.)
14One
example.
In
London
there
are
two
sorts
of
bakers,the
\"full
priced,\"
who
sell
bread
at
its
full
value,
and
the\"undersellers,\"
who
sell
it
under
its
value.
The
latter
class
comprises
more
than
three-fourths
of
the
total
number
of
bakers.
(p.
xxxii
in
the
Report
of
H.
S.
Tremenheere,commissioner
to
examine
into
\"the
grievances
complained
of
by
the
journeymen
bakers,\"
&c.,
Lond.
1862.)
The
undersellers,
almost
without
exception,
sell
bread
adulterated
with
alum,
soap,
pearl
ashes,
chalk,
Derbyshire
stone-dust,
and
such
like
agreeable
nourishing
and
wholesome
ingredients.(See
the
above
cited
Blue
book,
as
also
the
report
of
\"the
committee
of
1855
on
the
adulteration
of
bread,\"
and
Dr.Hassall's
\"Adulterations
Detected,\"
2nd
Ed.
Lond.
1861.)
Sir
John
Gordon
stated
before
the
committee
of
1855,
that
\"in
consequence
of
these
adulterations,
the
poor
man,
who
lives
on
two
pounds
of
bread
a
day,
does
not
now
get
one
fourth
part
of
nourishing
matter,
let
alone
the
deleterious
effects
on
his
health.\"
Tremenheere
states
(l.c.,
p.
xlviii),
as
the
reason,
why
a
very
large
part
of
the
working-class,
although
well
aware
of
this
adulteration,
nevertheless
accept
the
alum,
stone-dust,&c.,
as
part
of
their
purchase:
that
it
is
for
them
\"a
matter
of
necessity
to
take
from
their
baker
or
from
the
chandler's
shop,such
bread
as
they
choose
to
supply.\"
As
they
are
not
paid
their
wages
before
the
end
of
the
week,
they
in
their
turn
are
unable\"to
pay
for
the
bread
consumed
by
their
families,
during
the
week,
before
the
end
of
the
week,\"
and
Tremenheere
adds
on
the
evidence
of
witnesses,
\"it
is
notorious
that
bread
composed
of
those
mixtures,
is
made
expressly
for
sale
in
this
manner.\"In
many
English
and
still
more
Scotch
agricultural
districts,wages
are
paid
fortnightly
and
even
monthly;
with
such
long
intervals
between
the
payments,
the
agricultural
labourer
is
obliged
to
buy
on
credit....
He
must
pay
higher
prices,and
is
in
fact
tied
to
the
shop
which
gives
him
credit.
Thus
at
Horningham
in
Wilts,
for
example,
where
the
wages
are
monthly,
the
same
flour
that
he
could
buy
elsewhere
at
1s
10d
per
stone,
costs
him
2s
4d
per
stone.
(\"Sixth
Report\"
on
\"Public
Health\"
by
\"The
Medical
Officer
of
the
Privy
Council,
&c.,1864,\"
p.264.)
\"The
block
printers
of
Paisley
and
Kilmarnock
enforced,
by
a
strike,
fortnightly,
instead
of
monthly
payment
of
wages.\"
(\"Reports
of
the
Inspectors
of
Factories
for
31st
Oct.,
1853,\"
p.
34.)
As
a
further
pretty
result
of
the
credit
given
by
the
workmen
to
the
capitalist,
we
may
refer
to
the
method
current
in
many
English
coal
mines,
where
the
labourer
is
not
paid
till
the
end
of
the
month,
and
in
the
meantime,
receives
sums
on
account
from
the
capitalist,
often
in
goods
for
which
the
miner
is
obliged
to
pay
more
than
the
market
price
(Truck
system).
\"It
is
a
common
practice
with
the
coal
masters
to
pay
once
a
month,
and
advance
cash
to
their
workmen
at
the
end
of
each
intermediate
week.
The
cash
is
given
in
the
shop\"
(i.e.,
the
Tommy
shop
which
belongs
to
the
master);
\"the
men
take
it
on
one
side
and
lay
it
out
on
the
other.\"
(\"Children's
Employment
Commission,
III.
Report,\"
Lond.
1864,
p.
38,
n.
192.)