deniably is often an evil; but it is unavoidable so long as individual liberty and freedom of exchange exist, and can not be appropriated or even legislated upon without more evil arising than would be prevented. And then would not such an interference on the part of the state be an instance of a rule that should work both ways? If it is right for the Government to confiscate my profits on lands or goods when I am so fortunate as to make profits, it ought to make good my losses when my plans miscarry. If wheat or corn go up on my hands, and the tax-collector seizes upon the increase, shall I not be entitled to a bounty when corn and wheat on my hands go down? The new railroad has doubled the value of my lots in one town, but in another a diversion of trade and transportation in consequence thereof has nearly paralyzed everything, and my lots there are almost valueless. The state shall cheerfully have all the gain in one instance if it will make good the decline in the other. If unearned increment is proclaimed on one side of the reform banner, it should exhibit undeserved loss on the other.
But, assuming that there is some justice in the plan for appropriating unearned increase in the value of land, what would be the consequences if it were carried out? Mr.George does not propose compensation to owners for this arbitrary seizure of their wealth. Their property has been procured, under the sanction of the laws, by the general consent of the community and in reliance upon established usage, and hence its appropriation or confiscation under any plan would not only be grossly unjust, but it would destroy all sense of security in any kind of property, and fairly bring chaos itself upon us. Such a measure would be like a cyclone of the most destructive character through the length and breadth of the land. It would force into litigation every savings-bank, trust company, and life-insurance company in the country; it would cut off the revenue of innumerable institutions of learning and charity; it would rob millions of persons of their savings, impoverishing old age, young children, and dependent women; it would bring bankruptcy upon tens of thousands of traders, and impair credit everywhere. No class would suffer more than the poor, who hold in their savings through the savings-banks, liens amounting to thousands of millions upon landed property, much of which would be irretrievably lost.
And when all had been done, what would have been accomplished? Time would repair the damages and heal the wounds thus inflicted; but what compensation would there be? Mr.George declares that the nationalization of land would bring great blessings to struggling millions, but he does not anywhere show us how, or by what means. In his necromancy, private ownership of land and great poverty are here; community of land and general prosperity there; but we have not a word of explanation by what means a change of many landlords for one landlord is to bring about the splendid result he depicts. Taxa-
