Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1875-07-24
Interest Organized Theft"

4 niece Of metal, or paper, IS 20. money
Il IS only the material upon which iIs S'a'e
sfqmps money. The stamp, By which ihc STATE
creates monty. is the Lor that makes 4; recric-
alls for debts eR9 iirss Money, then, is me
creation Of the state. # any interest Is 70 9e
taken on it, it belongs tnthe state ana Shouio
90 into the treasury to lghsen taxes, ana loF
the benefit of all. individuals have only tne
right 10 use it to exchange their products 10
use it for sale is analogous 20 forgery ana
should be Tu1isled as felony. Men may Ss"
what they. as individuals, create, but tnty nave
no RIGHT TO sell what the state creates lh's Is
not theirs but the property Of all. "I'n sla-
cere thanks to he FREE Pass for space in
lis coiamns to bring facts before lhe PIE Ga
this great and eugrossing question to al',
subi,in another extract from T.. H. lleywood
under the caption Of Ibis article.
JXo. A. TAousoS.
aClass crrrency is not only the base of ope-
rations FOR sorties Of guerilla war on leglun'ate
opternrise but serviceable means whereby a
Universal aud perpetual system OF mgr Is or
canized in the form of interest on money =
What q stupendous fraud this is, few even oi
those who oppose high rates seem to oea"are'
In America the net annual income oi labor,
in the lone rm. is about three per cent; IN
/ ENGLAND. two Our whole wealth ln leJu-
slaves cxc,udci-was fourteen billion, one
+ hundred and eishty-three million dollars; oi
which. twenty-six and eight-teutts per cent.
was estimated to have leen produced 10 that
single year. Crcditing ten per ceut. TO canl-
tai. leaves sixteen and ei.ht-tenths per cent,
or oue-sixth part of the wealth accumulated
since the landing Of the Pilgrims, two hundred
aud forty years, was produced 10y labor 'n 'hat
one wear. 1860 But such is The enormous con-
snmotion the nation devouriug, all It's iuher-
tied wealth every six years, that the net aver
age annual ucoms is but three per cew s'
the income Of bare money which needs 10 TODD
clothing. or shelter, is ai the way from sercN
10 Mirfy per cent. II at six per cent Interest
we double our capital in the hands oi MS hols-
ers I'm about eleven years, at the expense ol la
Dor. think Of the Bi0HSiy0Hs Sr'H1te ol our
national bank system, which nets ten, twelve
and even twenty per cent ont Of the nation
credit \ capitalist deposiling one hundred
thousand dollars IN bonds is constantly paid
intcrcs, on those. and also qireg ne Hsc ~
ninety thousand dollars IN currency. II a
voung man wanting 90 60 into business can
borrow clie Thousand dollars, with wise use, II
will be The making Of him ; yet he must pay
interest on it. But government gives these
hanks the free use Of two hundred and seventy
million dollars; gives outright, annually, from
TWENTY-FIVE 10 sixty millions 10 this monopoly
The thirty-fye million dollars capital, with cX-
elusive privilege, Of the old United Sute'
Bank. alarmed Tie nation and reyoluti5u.let
Of rp nrrf aI
and defrauded people viii create new Andre"
Jacksons to abolish the infinitely more op-
pressive system Of to-day The natonaldobi'
Of the world amount TO nearly twenty-five
thousand million dollars, the annual Interest
on which IS say one billion. seven hundrel
million dollars the whole Of this vast amount
being drawn from labor Since, on an aver
age these debts are paid, IN NE form Qfiafer
e,f every ten wears and slould be cancelled
this special, ever-iucrcasng and perpctua
power TO puuder labor and compel it 10 pay
so-caHcd debts millions of times over is some
thing amazing. But tie Iroils which n spe
cill class thus clear, are q drop 10 the ocean
when compared with the bouudess system %
cxtortion, iriich, through usEy rents and div
ilends. dcvours the people, earnings. Pro
periy IN the United Stltosuow 1870 amount
to thirty billions; which reckoning the origi
nal land nothing, comprises the net earning
Of American labor during tro hundred an
ffv yeqrs. Ye. on present rates, interest
which earns nothing, would absorb this Who'll,
property in nine gears Thus, by the perPet
+ ual value and increase allowed money, Capt.
talists acquire q kind of supernatural poUe
over laborers so that man Of one genera
-. -
supro rort Of his offspring and interest in th'
golden chain which binds the Promcthcus, IN
. dusf,y. in order that vuliures Of mouigd Aris
tocracy may feed on its yitals."
No1r.-"Tho British national debt Is " duo Z
some 300 600 persons: Thirty million people ar
intermina1y taxed to pay interest To these nsaiia
bic leeChes who cordescend 10 lise on p'eiW 90
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