WCP3707

[1]

Parkstone, Dorset.

May 13th. 1896

My dear Mr. Flürscheim¹

Many thanks for your new book.² 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"³ 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 | yours very faithfully | Alfred R. Wallace [signature]