London, 29 March 1878 
41 Maitland Park Road, N. W. 

Dear Sir, 

I have, though somewhat belatedly, obtained Volume IV (Indus- 
trieactien) of the saunc, to which you so kindly drew my 
attention. I did not wish to reply to your letter until I had at 
length had time to run through the thing, and have found it very 
useful. 

I have tried, without success, to obtain via the booksellers the 
second volume of Glagau* (it has probably been banned), and also 
Rudolph Meyer’s book” on account of which he has been prosecuted. 
Since the said Meyer has cited me in court as a competent witness 
to the ‘scholarship’ of his work he ought, if only for decency’s 
sake, to have sent it me to look at. 

Finally, I have one more thing to ask of you, namely to be so 
kind, provided it is not too time-consuming, as to let me have a list 
of the names of Perrot’s published writings on the subject of 
joint-stock companies, etc.‘ 

From Petersburg Mr Kaufman has sent me (Russian text) his 
bulky tome on the Theory and Practice of Banks," likewise his History 
of the Bank of England etc. So far I have only read the first-named. 
Written in a ‘high-falutin’ style, with considerable self-important 
pretensions to absolute ‘scholarship’, it is an enthusiastic apology for 
the economy of Gründung''* and swindling. Yet such writings are 
most beneficial, for the apology, in so far as it has any real 
content, and all unbeknown to its author, ends up by demonstrat- 
ing for good or ill, and contrary to the moralising philistine, the 
correlation between the necessary product of the present system of 
production itself and what your philistine condemns as ‘abuse’, 
‘malpractice’, etc. 

I used to subscribe to the Frankfurter Zeitung, but do so no 
longer because of its ‘Swiss’ standpoint which alone can account 

2 QO. Glagau, Der Bérsen- und Griindungs-Schwindel in Deutschland. - > R. Meyer, 
Politische Gründer und die Corruption in Deutschland. - © F. Perrot, Der Bank-, Bérsen- 
und Actienschwindel. - 4 [Kaufman] H. HV. Kayman, Teopia u npaxmuxa banxoeazo 
dora - © VW. H. Kayman, Hcmopia banxosazo déaa 60 Beauxobpumaniu u Upaandiu. 

for its lunatic flights of fancy on the subject of the oriental 
imbroglio. But now a friend of mine in Germany’* is persecuting 
me by occasionally sending me what he believes to be an 
interesting issue of the paper. From what little (but nevertheless 
still ‘over-much’) that has thus come my way, it seems to me that a 
marked change is occurring in the line taken by the paper. Is this 
the case, or is it not? Has Mr Sonnemann shifted further to the 
‘right’? 

I trust that you are having better weather than we are. Since my 
return from Germany in mid-September *”’ I have suffered from a 
permanent cough, etc. 

With kindest regards I am, Sir, 

Yours sincerely, 

Karl Marx