[Letter] May 31,1887,Smith College [to F.H. Giddings]

May 31, 1887, Smith College.

Dear Mr. Giddings,
      I like the plan
outlined. When I get
an abstract completed
I will send it for your
consideration; in the
meanwhile I will write to
Prof. Munroe Smith saying
that we want to use the
articles for a book, and
getting him to consent.
As we get no pay he
cannot refuse I suppose.
I suggest that we
work quietly as we feel
prompted, through the
summer, doing nothing
except when we have
an idea to put on record;
and when the outline
is completed, putting it
into shape on the "nulla
dies sine versu" plan.
I should feel guilty if I
urged you to work through
the summer; also if
I worked myself. I think
this had better be play.
My first idea was to finish
the book in a hurry before
vacation; but it will be a
better product, I think, if
we give ourselves the benefit
of our leisurely thoughts
during the Summer.
I have partly completed a
scheme of Distribution
in which the transactions
between the subgroups of
our diagrams in the
joint discussion perform
the primary part, and
those between the employers
and men in each group
the secondary, while the whole
is affected by what we
have called potential competition
between the capital-labor
of different groups. To Walker's
theory I should concede a
place in accounting for
differences between returns of
different persons in each
group; but I find myself
compelled to bring out the
large differences between the
working of his principle and
that of the analogous one that
determines rent. I also have an
account to settle with the general
Rent Law, which must be deferred
for the present. How do the points
fall in with your views and
wishes?

          Yours Very Truly,
                J. B. Clark