As individuals possessing skill or capital exploitate, or compel other individuals in the same community to work for them for nothing, or for undue consideration, precisely in the same way do nations possessed of those advantages exploitate other nations with whom they trade, who are without them.

England lends, say, five hundred millions of dollars to governments and individuals in America. In a hundred years, she will have withdrawn from us, in interest, six times the amount loaned or advanced, and at the expiration of that time she withdraws the principal itself. We pay England a tax of at least three thousand million of dollars in a century; for her loans to us are probably even larger than the amount assumed. She commands the results of our labor to that extent, and gives us not a cent of the results of her labor in return—for her principal loaned represents her labor, and that we return to her intact. We are, to that extent, her slaves,—"slaves without masters;" for she commands and enjoys our labor, and is under none of the obligations of a master—to protect, defend and provide for us.

Her superior skill in the mechanic arts, by means of free trade, taxes or exploitates us quite as much as her capital. She exchanges her comparatively light and skillful labor, for our hard, exposed and unintellectual labor; and, in the general, compels us to labor three hours for her, when she labors one for us. Thus, after deducting the cost of the material, a yard of her cloth will exchange for an amount of our cotton, corn or meat, that cost three times as much labor to produce as her yard of cloth.

As in society, the skillful and professional tax or exploitate the common laborer, by exchanging one hour of their light labor for many of the common workingman's hard labor; as lawyers, doctors, merchants and mechanics deal with day laborers, so England and New England treat us of the South. This theory, and this alone, accounts for England's ability to pay the interest on her national debt, and yet increase her wealth. She effects it all by the immense profits of the exploitation of her skill and capital; by the power which they give her to command labor, and appropriate its results, without consideration, or for a very partial consideration. She trades with the world, and exploitates it all, except France. France sets the fashion, and this enables her to exploitate England. England, in her trade with France, has to pay for French fashions as well as French labor. In other words, France possesses superior skill, and exploitates England by means of it. Labor, not skill, is the just and equitable measure of values.

America sends her cotton, her surplus grain and meats, and other agricultural products, and her California gold, to England, and gets worse than nothing in return; for if she were compelled to produce at home what she procures from England, she must cultivate a thousand skillful and intellectual pursuits, instead of being, as she too much is, confined to the coarse drudgery of common labor. The Southern States of this Union are exploitated of their labor and their brains, in their trade with England and New England. They produce nothing which we had not better produce at home. Northern trade exploitates us. Trade further South would enrich us and enlighten us; for we would manufacture for the far South. We should become exploitators, instead of being exploitated.

When we were in New Haven, a distinguished abolitionist boasted to us that mechanics received two dollars per day for their labor, and, by their China trade, exchanged the products of one day's labor for twenty days' labor of the Chinese, who worked for ten cents a day. The New England mechanic was thus the master of twenty Chinese laborers, whose labor he commanded for one of his own day's labor. Here was an instance of individual, not of national exploitation. Well might China dread free trade. It gives her taskmasters, who impoverish her people and depress her civilization; for they, by their machinery and superior skill, withdraw her people from a thousand mechanical pursuits that promoted civilization.

In Sociology, we explained this subject synthetically: we have tried now to expound it analytically.