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44

March 7, 1867.

HAVE your yesterday's letter, but must not allow myself to be diverted from the business in hand for this once, for it is the most important of which I have to write to you.

You must have seen long ago that the essential difference between the political economy I am trying to teach, and the popular science, is, that mine is based on presumably attainable honesty in men, and conceivable respect in them for the interests of others, while the popular science founds itself wholly on their supposed constant regard for their own, and on their honesty only so far as thereby likely to be secured.

It becomes, therefore, for me, and for all who believe anything I say, a great primal