The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-12-16
RdTES or INTEREST.


We have been much struck with the
views and facts in reference to the in
.oros, ,,action contained in , late nnm
u l:,i;c H.. ~ ~
o'i VI 'io iii"i''h', - ~ y ~
one OF lne pest ol inc leloiln pd;eio VI
the United States
The article in question demonstrates
that the rate Of interest
: ~ $3.50 ~ ,r,,.t.o,-
upon lhoheS eiitois i'i'o '.iio an - ~
cry lAlh2 III inc Continuity. Ioi III
stance, it sh Tvs that the rate OF inter
est controls the value of real estate:
~ .,,.. ~; a., s,, ,;, I
~ iill'ost az. ms ~ i"' - - -e'
peh ~ 3n' ~ 'iie - .Gno - 1870 ,'..
w. ~ NY 80; ,'.,. ~ ,1Id T., ~
~ io''i'.i q, nno -
= ~, ,ro,,I3 M ,scon4d - ana
satus u tiie la ~ Win ~ a.
~, ~ w II - -. - ~ -
~ = I'm - = -, ~.
~ i'-' - "a rnn IN - - ono IT,
Honio tl'i ~ " 49, -
.15rrady been brought t. the highest point of
production It's value as a consequence will 20
down 70 s., zoe, and no man would inye3t TO
exceed s2Vpo III steA ia'ili "lieii ne .?.ii o.
''''i ''','. -
ana III lilie wv II SHOWS fs ',le rela'.e'i
OF llteres0 i''o' - 'iie -'i''e VI 0i,'po
lake Tor Illustration me corn OF our western
country nen ',e iIo,iuoels "a corn Oh aiie
ai.' ~. n,. .' hn.Lal the consumers n New
England were paying seventy cents per b,,snel
Tor the same corn. The money power, the
mammoth satherer OF values, through Hl9h
rates u .h'el,9' ISL - 's ~ III ~
ra a'n,.rileJ While the holders e the money
(
tprest per annum IN commercial transactions
IN TINS ,. country mas oesN zen PER cent. ana
oser .om ~. - r.,
',. .. nm and neannt Nothing e,cans il. not
even the sacraments of the church It takes
toll from the communion table, for it gathers
It's ten per cent from tle vaue Of the VINE ana
-. ~ ~, = ,isen,.r E,..rv sbr,.d If cIatI'.
{lat la ~. nake1nas. NJ Tho human
rs aod a,.sry ,noutlt,,I 81 food ,hat 60
.nins ~. nav t~,bn,e - the MONEY no,rer
,srn,,th ra,is III ,nrer.s.
III IS thus hlue P@iR tntt the interest,"
paid by the debtor class affects the bust
ness and prosperity even OF those who are
not borrowers. Hence, even IN this
view oi the case, the welfare OF the
whole people depends upon The amount
OF money III circulation. tor the amount
| 81 money IN circulation controls the rate
OF interest. For instance, II there are
IN 81. Paul one million dollars OF loana-
ole funds. and II. 10y any means. that
sum is reduced one-hal!. the demand re-
manning the same. the rate OF interest
will be doubled. whatever the usury law
may be; and, rs the indianapolis sun
/ shows to double the rate OF interest is
TO decrease one-halt the value OF real
/ estate aud the compensation OF produc
tive industry.
We begin TO see therefore how direct.
" the prosperity OF the people depends
on the quantity Of money in circulation
As the indianapolis Sun says:
The inventions of men 10 gather wealth
through rates OF interest and dividends on wa
tered stoe Ks are unlimited IN their gratheFin.
poWti' "'lu we Il" nave made II constan
producers Of wealth ana A. tho r sn.. '' ,;,ns IN
vent ways and means ii rubbing them Of ever
dollar OF wealth they produce
The slavery which applied the give
to the limbs and the whip to the bacl
: was seen and known of all men: bu, tn
slavery which cunninyly builds con
duit from the muscles of labor and tn