London, 4 July 1889 

My dear Sir, 

I communicated to Mr Lafargue and to Mr Kautsky**” what you were 
kind enough to say as to their articles published in the Northern Review. 
Mr Lafargue, in consequence of this, has sent me an article on the 
Evolution of Property which he wishes me to forward to you and to 
request you to be good enough to offer it to the Editor of the Northern 
Review on the usual terms as to honorarium etc. I forward it to you 
today by Book Post, registered. 

The news you are enabled to give us about the state of Mr M[utual]’s* 
health are very cheering, and in full agreement with what we heard from 

* and that’s enough ~ > A. M. Yevreinova — * Hermann Lopatin 

other sources.*©? A man with such a tremendous constitution is sure to 
pull through and one fine morning we may hope to see him here again 
restored to full youthful health. 

The third volume? has lain fallow for the last three months in conse- 
quence of various unavoidable circumstances, and as the summer season 
is always a very idle time, I am afraid I shall not be able to do much at it 
before September or October. The section on Banks and Credit offers 
considerable difficulties. The leading principles are announced clearly 
enough, but the whole context is such that it presupposes the reader to 
be well acquainted with the chief works of literature on the subject such 
as Tooke and Fullerton,° and as this is not the case generally, it will 
require a deal of explanatory notes, etc. 

By the way I have a second copy of Fullerton’s Regulation of 
Currencies, the chief work on the question; if you have not got the book 
I shall be most happy if you will allow me to send it to you. 

The last section ‘on rent of land’ will, as far as I recollect, require but 
formal revision, so that, the Bank and Credit section once finished (it is 
1/3 of the whole), the last third (Rent, and the different classes of 
revenue) will not take long. But as this crowning volume is such a splen- 
did and totally unanswerable work, I consider myself bound to bring it 
out in a shape in which the whole line of argument stands forth clearly 
and in bold relief. And with the state of this Ms.—a mere first sketch, 
often interrupted, and left incomplete—that is not so very easy. 

I am trying to make arrangements to have two competent gentlemen’ 
to copy out for me the elements of the fourth volume from the Ms. 
which my eyes will hardly allow me to dictate. If I succeed in this, I shall 
also have trained them to the deciphering of these manuscripts which at 
present are a sealed book to everyone except myself who am used to the 
handwriting and abbreviations, and thus the author’s other manuscripts 
will remain available, quite independent of my life and death. I expect 
that these arrangements too may be concluded this next autumn. 

d 

Yours very faithfully 
P. W. Rosher’? 

4 of Capital —> T. Tooke, An Inquiry into the Currency Principle: the Connection 
of the Currency with Prices, and the Expediency of a Separation of Issue from 
Banking -°J. Fullerton, On the Regulation of Currencies; Being an Examination 
of the Principles, on which it is Proposed to Restrict, within Certain Fixed Limits, 
the Future Issues on Credit of the Bank of England, and of the Other Banking 
Establishments Throughout the Country — 4 Kautsky and Bernstein - © Marx 

The English translator of the greater part of Volume I Mr Moore? has 
just left for Africa, having been appointed Chief Justice of the Territories 
of the Niger Company. Thus the 3rd volume will be translated, in part 
at least, at the banks of the Niger!