London, 27 May 1893 

122 Regent’s Park Road, N. W. Dear Sir, 

I beg to acknowledge receipt of your book A Strike of Millionaires against 

Miners, 2" ed., for which please accept my best thanks. *'! I shall read it with 

great interest. Here in England modern capitalism, during the century and a 
half of its full development, has lost much of its 

original brutal energy and moves onwards with a moderated step; even in 
France and Germany, this is to a certain degree the case also; it is only in 
industrially young countries like America and Russia, that capital gives full 
fling to the recklessness of its greed. The consolation, however, lies in this: 
that by this very recklessness it hurries on the development of the immense 
resources of these young countries, and thereby prepares the period when a 
better system of production will be able to take the place of the old. 

In America, at least, I am strongly inclined to believe that the fatal hour of 
capitalism will have struck as soon as a native American working class will 
have replaced a working class composed in its majority by foreign 
immigrants. 

Yours very faithfully 
Fred. Engels