The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1878-08-15
Usury is tIe Life of the Money Power
of the World.

We find in this country, where
the yield of wealth to the strokes
Of labor is greater than any
other country on the face of the
earth, many of our countrymen,
created, like us in the image Of
God, suffering in want and woe,
because the economic machinery
established by the Government
for making the distribution Of the
products has broken and failed.
The result is want and misery in
the midst of plenty. There is but
one just rule upon which this dis
tributiOn. should be made, and
that rule is that leach and every
individual member Of society
should receive and enjoy unto
himself the full value Of the pro-
duct of his own industry" No
one should, by law, enjoy the
fruits of anOther's toll.
Opposed to this only just rule
is the cOmmunistic rule, which
prescribes that each member of
the society shall have an equaT
share of the wealth. This is
wrong, because it gives to the
idle that which should reward
the industrious. 1t IS also Op-
posed by the monarchIal rule,
which is, that the producers OF
wealth should only retain so
much as will furnish them food
and clothing of a coarse charac-
ter, while all the remainder is
turned over to the nobility for
their enjoyment. This monarchial
rule is the one that has prevailed,
with few exceptions, in all civil
lied countries of the world, and
is the one that prevails in this
country to-day.
In Europe you see q few ROths-
childs and BaTingS with millions
while the great mass Of producers
are paupers. How, you ask, is
this concentration Of wealth pro
duced! You know that natural
ly, the producer of an article
would have that article unless
something separated it from him
That something is usury or inter
est. This usury accumulates
upon debts and gathers annually
all the value that industry can
produce and leaves an unpaid
balance Of usury debt that final,
Iy, in every eight or ten years
eliminates in the bankruptcy OF
the whole people.
The increase of wealth by la.
Dor in this country is shown by
the census reports to be only
three per cent. per annum. The
minimum average rate Of usury
has been ten per cent. We can
not pay ten; therefore, bank
ruptcy is periodically inevitable
so long as an usuriOus system OF
distribution is continued. The
banking system Of issuing the
currency, whether it be the
specie basis fraud or any other
forces into existence at the poin
/ of issue a usury debt; for NJ
bank bill ever came out over 4;
bank counter unless some one,
Understanding note went int,
the bank for it. That usury is
then, forced through all the sys
tenn Of exchanges, and deter
mines the rate Of usury that /
charged upon that portion Of tn,
exchanges that are made witt
private debt. The amount 0
money in existence in the coun
try does not, today, transact fly,
per cent. of the business, henc,
all Of the remainder is done witt
individual debt, which debt bear
interest, which interest results il
a. bankruptcy and ruin.
The remedy is to have the cur
rency issued directly by the gov
eminent; then no ones priyat
>, debt is forced into existence a
the point of issue. Then hav,
enough to make exchanges cash
and no debt viii be made ant
consequently no interest paid.
The power of the few to iv,
off the toll Of the many will b.
gone when usury dies.-EX.