[Manchester, beginning of September 1862] 

Dear Moor, 

I am up to my eyes in the cotton racket, which has assumed 
colossal proportions **’—those with courage are making a lot of 
money; but Ermen & Engels, alas, have no courage—it is putting 
me to a hell of a lot of work. I shall write to you as soon as I 

ossibly can. 
P y Your 

F. E. 

Bd. 3, Berlin, 1930 : 4 , ; 

time