Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1883-06-14
The Power of Weakness and wealth of
Poverty.

Chicago Express.
Debt that represents poverty is the
most successful moncy-makcr in the
world. II neither earns or creates
wealth, but it gathers from those who
do produce it, at IN astonishing rate.
OF all the investments which capital
make, none is SO productive, 50 sure of
prnCcly returns as debt with Il uSUry
attachment.
Money loaned at ~ per cent will
double in I wears, months and ) DAYS.
AT . per cent in Syrars and IL days.
At per cent in . Years and days.
At per cent in 10 years, months,
2G days.
At per cent in II years, 10 months
q days.
At ) per cent in II years. months,
l3 days.
At per cent in II years, months.
At per cent in % years, j months,
10 days.
At per cent in about - years.
Estimating the debts of the nation ut
$4,000, 100000, the average interest at
& per cent, and the wealth at $4,000
OOO,OOD, increasing al the rate Of , per
cent year and at the end of forty
years the debt will absorb every dollar
Of tine nations wealth without ever
having added a farthing thereto. Well
does Bishop Jewel state the nature Of
debt and usury. "ltiS Il wUrl, Of dark
ness, monster in nature, the over
throw Of mighty nations, the dcStruc-
ton Of states, the decay of cities, the
plague of the world, the misery Of the
people, it is theft, it is the curse of
God and of the people
And this is the meat on which mo-
nupoly feeds and fallcnS. The railroad
corporations have acknowledged judy
mcuts among themselves to the aggrC-
gate amount of about $4,000. O.GUO,UOD in
favor Of the individual members of the
corporations, to secure which they have
issued e and : per cent bonds, and are
lcyying and collecting taxes from the
public to pay both interest and pruci-
pal. II the farmers had the right to
iSsun and hold their own notes for any
sum they chose to name, and then COM
pei the railroad corporations To pay
them, with interest, when due, ii w,uid
be more profitable TO them than farm
ing. But then farmers are only midi
yiduals; corporations alone have the
power to live on the interest of what
they owe. and make their debts profit
able, by compelling individuals to cash
them.
The national banks are rcaping IN
average s per cent cropon SjGO,OUO, Geo
Of their own indebtedness, which, by
its powCrto double every nine years,
has enabled thcmto harvest over S7uO,-
OOO,O,p since the system was innug,W-
atcd. Thi, Is reversing th" laws ot ma
mrc, j chaugcs poverty TO riches.
and makes thcmau lhrrinhrr the more
lac owes. u ouablr, one man 10 plac"
hi, burden! on the shoulder, of anuth-
cr, and furnishc, lin with u ,,cp-laddrr
to mount and ride on top. Cannot the
simplest mind see the wrong in this in
Irrnal system q system that in ON"
generation can transfer every dollar OF
wealth from the nation 's producers 10
the ai,tocrary of idle mou,produccr>?
All that labor now produces goes to
capital a vast load hcap,d upon the
backs Of the tuiIing millions - mort
gagc upon the bone and muscle Of the
nation, fcttcrs that will bind and en-
slave generations to come. i this the
way to transmit the blessings Of liberty
to pu>lcrity? i this not an evil OF SUI
licicn magnitude and danger to war
rant its UycrthrUwP