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Short Sentences on Democracy
Democracy aims to substitute freedom
for privilege.


Democracy believes in the only
true credit system--that which attaches
to property, integrety, industry, skill
and real merit, and which is as much
earned as ones daily bread. The
whig credit system is an artificial de-
vice to withdraw true credit from
property and industry, and make a mo-
nopoly Of it for spectators, adventuI-
ers, over-traders and schemers, who.
having no substantial property or pro
ductiye industry, seek to make merch.
andisc of other mems property, and
draw to themselves the fruits of other
mems labor.


The co-partnership of Labor u Cap
ital is an excellent firm, and indispen
sable to prosperity. But the capital
without labor, is utterly unproductive
The labor gives all the increase to the
capital, and yet The capital draws nine
tenths Of the profits. This is the inc
quality democracy aims to correct. i
does not object to the firm of Labor &
Capital, but encourages it. All it dc.
mands is this: That there shall be q
failcr and more cqnal division of profit
to the outdoor partner.