Capital and Labor

October 26, 1849

The article, with the above title, is from “The New York correspondent of the Washington Union.”  Without including the statistics used to advance the author’s argument, here is the gist of what the article says:  “The attention of the thinking men of the age has been attracted to the fact that the constant tendency of capital is to accumulate in magnitude at the expense of labor.  Its efforts to enhance the rent which it annually exacts from industry are constantly strengthened by its success, and on every hand manifold evidences manifest themselves that poverty is increasing with fearful rapidity among the masses of the people, while individual fortunes are constantly swelling in magnitude….”