The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1877-05-31
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lettent and objections brought against it, !,
that ,mohey;tis commodity
,likerorn5 meat, cotton, hand or tlabor;s or
anguther properly, and thatithe interest
ofmoneyaisit its hire, the esame asthe .hises
.of laborarthe rent:of lane, and heingsS
commodity like all things else, will seek
,,iitss leyaLlike,water;;, and regulate its value
'byhsnpply and. demand. Which points.
i deemto be;untenable. Because money
iss not Heommodity only artifcially, and
there rnnst be asxast difference between,
q natural commodity, ,andone made soby
dave d9might saydmoneDiis:not a COM
.modity-at alla4ie has NO intrinsic value,
in it9Iitis uadesby lawraa matter! iof@eIs
change for the sakelof CONVENIENCE, land
stheresis no more real intrinsic saluein
monaghan in chips:ta You can make q,
ssfite and cook "a aameaPs ;victuals with q
chips, but could not with a.
B4aketbf money. Hence, the chips, or,
anything THAR the! God of nature has.
made q; commodity, has intrinsic valne in
i'll hutsmoney rhas not. Consequently
5mpneyj truly speaking, does not bear, in.
.tesest, No, man; borrows money forithe.
use and real benefit of the moneya,itself;
;he borrowseitito Obtain the use andEbene-
aft of something :else-some Of natures
se9mmodities that he can enjoy in eat-i
;i1g drinking, wearing and having pleas.
.ufe.: LIFETIME illnstrate;a Suppose you
r;borowopaldollar to purchase abnshel Of
ieorn for bread ;q you will pay an interest
3 Afor.3what3 G,Is it for the sake Of the
money! Never It is for the sake of
pthebread. Well then it thercorn that
bears, the interest, and it is the hire of
thaeorpt that;y0u. pay for, not the hire of
/ Ethemoney. rYonrdo not want the money; (;
iyoucannot eat it.asibread consequently
the great difference between a. uatural
commodity and one that .ist artificial,
made so by the force of law. .iAs it re-
!qlnss law to make money q matter of
convenience to ia commercial and agris
cultural psople,. an artificial exchange
with an artificial value, / think it should
|stakessiaw to prevent the abuse of it as
Esuchtt iRscausebmouey is power'rin any
country, and oily atsmall fraction Of the
population are capitalists. But that
fractionaof the population will rule all
|!sheI balance in their industrial enter
ptises By the power of their money if not
restrained by law, which fully corrobo-
rates With the greatprincipal thatunder-
llies,alr good governments, viz: that all
power invested in man must have a
healthy check put upon it by Law; and
| it has always been necessary to legislate
in order to keep the greater power from
depressing and usurping all power, as
| when the capitalist demands high rate
Of interest he is making himself richer at
Ethe, sacrifice of theu poorer, and at the
| sacrifceiof the enterprise and industrial
pursuits of the country; Let me ask how
many active, enterprising men of our
Estate thatwould engage in the useful
Epnfsuits ofthe land, develop the various
resources of the country, give employ
tment to the people that ARE .nowsidle,
which would feed their. families and
mSks them comfortable, if money could
be -bbtained4at unreasonable arate ofin-
,teresb?tsBnt the rate of interest is 80
l,high;that the enterprising men of our
t1and Il are tied seock.still, and all'indus-
ltriatspursuits' are at-a staud-still COM
paratisely.e How can any man engage