The piece about the rate of profit and the value of money is very neat and very clear. Only it is not clear to me how you can take m/(c+v) as the rate of profit, since m surely does not go solely into the pocket of the industrialist who produces it, but must be shared with the merchant, etc.; unless you take here the whole branch of business together, regardless of how m is divided among manufacturer, wholesaler, retailer, etc. I am thoroughly eager to see your elaboration on this point. Wilhelmchen is now celebrating, as you will have seen, the noble Jacobus Venedey! The two of them look as much alike as one donkey does another. I’ve had enough of it now, I shan’t write to him any more, let him make a fool of himself on his own account. Writing 400c+100v+100m goes perfectly well, just as well as £400 3s. 4d. (?). You have seen that the cosy relationship between honest Bismarck and his Reichstag deputies is beginning to end; these latter want to make the officials of the debt administration legally liable, and Otto the Great naturally cannot stand that. In return, he won’t give them a fleet. To give proper expression to the hangover caused to beautiful Wilhelm by his having confiscated the land and property of his cousin Georg, the Prussian commission for administering King Georg’s property is composed of General von Kotze and Government Councillor Sauerhering (literally). That Jenny dutifully drags you out for walks is very fine of her; I hope she is not put off by your physical indolence hidden under the pretext of working. In this fine weather it would be a disgrace for you to skulk indoors. I hope no new traces of carbuncles have appeared? In the Customs Parliament old Rothschild sits right next to Wilhelmchen, and behind them the whole pack of donkeys called the “People’s Party”. Can you not collect some of that mineral stuff and send it for analysis? I have not seen Gumpert yet. At the recent women’s suffrage meeting here the whole Borchardt family, male and female (only not), was of course present. Gumpert has a pretty row with B. B. accused him of a violation not only of all medical professional etiquette but of all ethics (because G., in a house of friends where B. is doctor and a child had died of scarlet fever, expressed his astonishment and misgivings that B. allowed the other, friendly children to see the corpse – B. had the impudence to declare scarlet fever not contagious –) and G. brought the matter before the local medical society, though he will gain little from it since the committee consists of nothing but donkeys, which he certainly ought to have considered earlier. When are the young couple coming back, and have you found a flat? Best greetings to all.
Your F. E.