transaction; neither - and for the same reason - can he exchange it for the pig. The division of the horse would result in the destruction of its value. The hide, it is true, possesses an intrinsic value; and a dead horse makes excellent manure for a grapevine; nevertheless, the division of the horse results in the destruction of its value as a living animal. But if Peter barters his horse with Paul for an equivalent in wheat, what shall prevent him from so dividing his wheat as to qualify himself to offer to James an equivalent for his cow and to John an equivalent for his pig? If peter trades thus with James and John the transaction is still barter, though the wheat serves as currency andall reach of mediation. The great natural difficulty which originally stood, in the way of exchanges is now the private property of a class, and this class cultivates this difficulty, and make money out of it, even as a farmer cultivates his farm and makes money by his labor. But there is a difference between the farmer and the usurer; for the farmer benefits the community as well as himself, while every dollar made by the usurer is a dollar taken from the pocket of some other individual, since the usurer cultivates nothing but an actual obstruction. You cannot monopolize corn, iron and other commodities as you can money, for to do so you would be obliged to stipulate in your sales that payment shall be made to