Excerpt from Capitalist and Laborer: An Open Letter to Professor Goldwin Smith, D. C. L., In Reply to His Capital and Labor, and Modern Socialism, a Lecture Delivered at the New York School of Philanthrophy It will be seen that, while I have for Pro fessor Smith's character and scholastic attain ments the highest respect and admiration, I cannot esteem other than lightly his argu ment on the relations of Capital and Labor. Had the author's eminence in the world of letters not been such that his words are given great and serious attention wherever the Eng lish language is read and spoken, I should not have felt that his little book merited any reply. 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.