The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1877-06-08
Aeuoted to 90riqnlture 8ortiqalture,


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UsuRY Law.
Mn. EDIToR.-As some interest is man.
ifested by the people in reference to the
assry bill now before the Legislature, and
: as it has been discussed to some extent and
brought against it. assuming that
money is a.com:nodity ike corn. meat cot.
itons hnd .or labor. or any other pronertv.
.Ana .thattho interest of money is its hire.
.t sams 81 che hire of labor or the rent of
'slauds ~ beings 4 commodity like all things
{ 'eIse III ssS Is lsset like water, regulate
iss is,Se =. - supply and demand Which
points 4 desn to be antenable. Because
money i not somnodity oply arti6cially,
,ahd there m1St he 8 vast difference between
{ . at6sal eommdd lily and onei .mado 50 BY
sssls - eigh l6laonl a.aonlhoas
'iey at tif; fFa Eas 40 iiHssfnsfc value hit
it is made by law matter of exchange for
the sake of convenience, and there is no
more real intrinsic value in money than in
chips. You can mako a fire and cook
meals victuals with basket Of chips, but
could not with basket of money. Hence,
the chips, or anything that the God of ma
ture has made commodity, has intrinsic
value in it, but money has not. Conse-
quently, money, truly speaking, docs not
bear interest. No man borrows money for
the use and real benefit of the money. it.
self; he borrows it to obtain the use and
benefit of something else-some of natures
commoditios-that he can enjoy in eating,
drinking, wearing and having pleasure
Let me illustrate :sSSuppose you borrow
one dollar to purchase bushel of corn for
bread; you will pay an interest-for what?
Is tor the sake OF the money? Never
1t Is tor the sake OF the bread. Well, then,
1t Is the corn that bears the interest, and it
Is the hire OF the corn that you pay for, not
the hire OF the money. You do not want
the money; you cannot eat it as bread; con-
sequently the great difference between nat
ural commodity and one that is artificial,
Is made bJ the force OF law AS it requires
law to make money matter Of convenience
TO commercial and agricultural people, an
artihclal exchange with an artificial value,
think 1t should take law to prevent the
abuse OF it as such. Because money is
power In any country, and only small frac-
slon, OF the population are capitalists. But
:, l1tiQ2s iEill :xalss all
tnc balance IN their industrial enterprises
oy the power OF their money IT not re-
strainea Dy law, which fuliy corroborates
with the great principal that underlies all
good governments VIZ: that all power In
vested IN man must have healthy check
put upon " oy law ana IL mas always been
necessary 10 ies'slate IN order to keep the
greater power from expressing and usurplng
al power as when the capitalist demands a
nish rate OF interest nc Is making himself
r,'ner a. the sacrlhce OF the poorer and at
e"e 'ao.'noe 81 'ne enterprise ano 'ndus.r'a'
p'D'' ~ 'n0 county e' mo ASK no"
10y a0,.,e' on'efpf'''"s "en o' our o'a'e,
-" ,s ss - 'n' e'ol0' PURSUITS VI
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ths. ' ~ sS :.' '"p'oymeu. ~ 'ao p'op:e
s.n,;,;.. oS s .,' , "..sA "ou,e ,..al."e:, -
.aoao .o..Is. 80 ~ o''aT'' :.
of ;n,.ros.9 d., I .h 80. .s 80 .as.naD' :.. = ."so "
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