Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1857-07-21

| Iicu as convenient ga. between, distributor and
aeenSot transfer OF these products from the one 10
! the o4heT The exchanging these products was
! the Sole aud only function and use of money 10
which theY looter: and had regard when they M ade
| IT. mOheYr and put upOa il their common stamp
| The idea never entered into their contemplation
that class OF men producing nothing, and hav-
ing nh products 10 be exchanged. arising from
! tfhueS useful labor Of some kind. would conirive
tC en$roSS and SEIZE on this fiction intended only
| for HStona fde traders and wrest il into an in
| strurnent OF boundless extorlon upon the exehau-
! eas of snch traders Tbs is manifest from the
! fact that in the primal use OF money and among
tie Jdws where we first hear OF it thew utterly con-
demRtd and abhored ali interest as usury and as
| an abuse of the use of money as an exchanging
tnedf4 m Their objections to a II interest on mo-
ney 2ere not founded on the idle reasons to which
uspr{Ts sTe so prone to ascfibe them, but will tie
f1u1t 10 be rationaI pbiosopbjc profound and far
/ ach4ne i5
s. 5knevs Sf1ai as lnnp monet vas only
nseds5y pSOdaseSs Ia nge tfeiss frodilets NO
pr6d rs would fe 10 vef Than
was 1fecessary- for that p,irnost Il nd thus
lnofiE simply as . n exchanging medthn world
4Sfoni haRef hafd IN fer netd al aiafnn
and f5riii once Tor which It yaa d.Sieles
Thsy tistst III vsiisfeis z apar 2
OF sbbstahce when moth ing else wa ds have srchs
| a valuation and the alue OF af their labor
sa1d - 61ucts in passing from their ii anfs was to-
depe npOn the scafeitY or abundance of this one
thingb upon It's fair use as an exchanging medi-.
um i&tpeen "buna fiien iraders In things OF value
| or itgi9buse Ia the hands of those who might be
temL TO convert all their substance into this me-.
! oiun AID Inns cease n, ba a common in,eTesf
Win SISdncsTs in ,ow eYcb4ngs. ,bev knew
that 4, allow interest on such medium, was, in
Stantla. and In the verv moment of creating mo.
| ney 10 change and pePVert its whole nature and
| 10 stsiirct the whole class of producers 10 The
boundiess extortion of a novel aud prodieious
| spawhsQt parasites, vampires and bloodsuckers
| Tn vfdesigned 10 SOW no such sGrapons teeth
and sharefue they prohibiied a interest on mo-
new as The only thing that would bring them into
| existence They well knew. that such class
would 10 in interest diametricaIly opposed 10 all
he rIotnrino classes as Ihev woIId live bv ah-
sirac:iDg from their products: To ilIus,rate:
IL Is an admitted principle in political economy
or llke science of ex.nanges that one AiyLictA of
Tho psrhnnoinp mefinmT or money is enough in
snv Fiven 9uantuy oS oSencbaneeabie things, or val
nrS b exrbaDg. Them. This rrincipie will be
f5nnH IN he recGonized nv Mr. CaIhoun in his A.
No and ceIehraIed sn.pch nm currency. and which
shonk he in The hands of every Iaborrr or ptodu-
csr Isl ,Se land thai hs NAV understand his rights
and Gnord his interest in relation tO money
If ION wouId Iest Ihis princiule in The aggregate
Won nav take his comfy ~. 91rsopI where he
tsings OF inlrinsIc value-s lands and all personal
nyon1tIy-amUunl 10 len millions OF dollars Ac-
cardIbg 10 this rule the r,ouired amount of mo-
ney ql"uId be three hundred and Stir.y three M0us
and &FLiars. This would be ample Tor the exchan-
geS Ua all this properly and its issues and lis pro
ducts! Now, at six per cent-fOr, we rave d'ined
away.tro the jewish idea OF money, and arrived
al tHEltIme when interest IS allowed, but limited
The mount Paid by this Ten millions OF properly
or labor, Tor The convenience and use OF money,
wnun be, annually lhe sum OF niHeLScH tHOHSHh@
mine AmndTed and cighty d0HdrS: Ihat amount
woun be taken of nom the property and labor, OF
lhe Whole counly Tor The use OF money Double
that 'nie'es-make 1t IL per ccn'--and' men
f1iH9rmine thousand nine hundred 0"@ SIXTY DOL
t~rS, you'd De laksn off lUr tue use and convent
erce pf money Go a ii''le iuithtr, apd remove
all utury Iaws-aIl hxed rates oil eHchange ana
IntrTssI-as Is now proposed oy tne Rlchmond
board oI rade, anu others similar ana petty ann
ationF I" be i"9nd IN every county toWn @ fah me
SIstrT-and suffer th"se VINO nave no PlouncuVe t i've
cAvuRalion, and therefore no sympathy "nn mat
cIasss'O raise a'es oi interest ana eAchahSe Just
al Iher WIN ana pleasure, ahu lapol anu us pro-
ulcIs VIII be c"m mPEeteiy al 'uc mercy " an 'St'u
men'a'ly created lot thelL dement, anu '"'e"ueu ~
bf thfir servant and rot master.
Ill yuu change th1 rale OF interest,", ot permit 'ne
lcndeT I" ex act just ~ha- ne PeaSes' inc same 81
fIct yi be produced on the individual laUoef' DC
r rich Or poor =,
The Iahorer VINO mas use lot one nun"leu Ilz, uo',
rs &hlrnhe, nov, oorfows a. Ss% P'