WCP3707

[1]

Parkstone, Dorset.

May 13th. 1896

My dear Mr. Flürscheim¹

Many thanks for your new book. I have got half through it, and though I agree with much, I think your Chap. IX. "The Paper Craze" is quite wrong. I have long been thinking of writing an article on a true currency to serve both as a means of exchange and a measure of value, but should I write it I could not get it published. The Guernsey note-system is quite sound & [2] capable of universal application as I have explained in my "Social Economy of the Future" in "The New Party". You omit the essential principle that the Bonds must always be paid off from the profits of the work — Market, Railway, &c.— before New bonds are issued. Then no depreciation could occur.

I am very glad you have come to live in England & help us. I hope to see you again some day when we can talk over these matters. I am [3] not likely to come to Brighton.

Believe me | Your very faithfully | Alfred R. Wallace [signature] -