The Labor enquirer., 1884-11-29

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The slettion being over. we have time
nov for other Investigations that may |
be more profitable to us than the prob
lem = to who shall b our president. or
who shall COMPOSE our legislature, I'M
portant a they are there are other ques-
tions equally as important. for instance
how shall labor receive its just reward.
and Why does it not receive thisi Be
cause there is law IN constant opera
tion which robs labor Of its fair share OF
the profits Of production, and that is the
excessive interest paid for the use OF
money. It is this interest that fixes the
price of land, the value Of the farm. the
rent of the house, and the amount Of
wages that shall be paid olabor. Where
interest is high rent is high, and as
natural result wages are low. And / am
not now referring to what you will call
high interest, but we will take Z per
cent. / have fallen heir to SIC, 600 John
and Henry are two mechanics without
capital u contract with them, to build
me house which shall cost 5000, on q
lot for which / paid 5000. The house
and lot together is worth $4,000. !
lease this house to John and Henry and
charge them 7 per cent upon its cost,
clear of insurance, taxes and repairs.
The interest is payable quarterly. A
rate of per cent per annum, paid quar-
terly, will accumulate sum equal to the
principal loaned or invested in property
in ten years. At this rate in ten years
John and Henry are compelled to buy
another lot and build another as good a
house and pay the lot ard house to me
for the use of the house they occupy In
twenty years if John and Henry retain
! the use of the house and its accruing
rents they must pay me three houses.
In thirty years they must pay me seven
houses in forty years, fifteen houses !,
in fifty years, tllirty-one houses; in six
ty years, sixty-three houses; and in
seventy years, one hundred and twenty
seven houses. In seventy years all
these must be built by John and Henry,
and paid to me, as the accumulation on
the one that l leased to them. The 127
lots which John and Henry earn the
money to buy cost $6S5,OOo, and the
buildings cost an equal amount, making
together 81 100000, which sum is paid to
me for seventy-fye years rent of one
house and lot worth $4,000, and at the
expiration of the lease the original house
must be returned to me as well as the
rent. If, instead of being invested in
the house and lot, the $4,000 had been
loaned out at per centinterest, and the
interest we're collected and reloaned
quarterly, the money should accumulate
in the same period precisely the same
amount as the property. Now, tell me
where is John and Henry's share of their
labor after seventy years hard toll.
Did I keep them the few remaining
years of their. lives do you say. This is
what is taking place every day and |
was not cruel OF hard hearted. Ionly
did>what is done everywhere, and what
the law allows. Neither did charge
them Colorado's lawful interest, which is
ten per cent, and | only charged them
4 seven.
Oh, ask me no more where is the labor
er's share of his profit; who gets the
profits Of the people. This is the way
the rich become still more rich and the
\ poor still more poor. A UN1oNIsT.
| a9 Besure and visit M. A. Hirsh's
store, having just received another
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