The Labor enquirer., 1885-03-07
FIGURES THAT DO NOT LIE.
ga Unionist" Comes Forward Again
With his Hobby, and Presents Some
startling Facts Concerning
~ e. Interest. .. Y.
Editor Labor Enquirer:

Editor Labor Enquirer:
DENVER, March IL want to call the
attention of your readers to the question
of interest again and prove that under
the present rate of interest money is
better than man, because money loaned
at per cent interest will accumulate
faster than man can produce 1t by his
labor y
WeSwill suppose small colony of
10000 persons located in new country,
which engage in various occupations,
such as farming, manufacturing, store
keeping and other useful and lawful
ca1lings. Each person has an equal
amount of property, SO that no one shall
have any superiority over another, and
no speculation or gambling shall be per-
mitted. except the legal rate Of interest
at per cent on money loaned, or rent at
the same rate upon money invested in
property. All shall be dilligent in busi-
ness and thus contribute to theS we'll
being of the little colony. But here are
two young mechanics just come Of age
and desirous of accumulBting large
fortune. They are good workmen and
able to earn 81 per day, over and above
their expenses. As they have only one
object in view, they do not burden them
selves with house or family. But every
six months they loan the money thus
saved at 7 per cent interest, made paya-
BILE half-yearIy. These men earn on an
average 81 per day over and above their
expenses, 300 days in each year-this
they do for forty years and four months.
Each earns by his labor $500 per year
for. forty years, or for the whole period,
$l2, 100; taken together, $24, 200. The
interest on their earnings, loaned half
yearly, accumulates sum equal to the
principal in ten years and one month.
In forty years and four months the men
earn by their labor $24, 200, accumulated
interest, $1o4 ,55O.70, as interest upon the
above $24, 200, or over four and one-fourth
times more than they have earned by
their labor Every dollar Of this $104,-
$50. 70 has been earned by the labor of
others and given to these two men as
legal interest upon this $A, 400. These
men lived laboriously and worked for a
very moderate pay. They have taken
only the legal rate of interest and do not
demand the principal as long as the in
terest is paid Neither have they en-
tered into any speculation. Supposing
these two men to, live twenty years
and two months longer, that is to the
age of 81 years and months, and con-
tinue to loan their money, il will double
twice in that time-total accumulation in
sixty years and sir months, S515, 5,002.s0.
AS these men have worked hard for forty
years and SIX months, they shall do
nothing the last twenty years and two
months, and expend for their living
S15O02 80, that will leave $500,o00. In
forty years and four months they earned
by their labor $24,2 200 and live twenty
years and two months without labor.
Suppose we return them the amount
they earned by labor and upon which
this large accumulation was made, that
will leave $475,SOO. Every dollar of this
large amount has been taken from the
labor of the other colonists and given to
these two men. 1t is often said, and
many believe it, that labor earns large
fortunes. This Is quite mistake, as
can be easily seen from the above, as we
have returned the amount these two,
men made by their labor and upon
which; all this money was made to them
again. And the amount stolen from the
labors OF the other colonists under the
color of law still remains. This is what
keeps the workers poor, and this is what
makes the rich still more rich-deny it
who can and money is of more value
than man. A UNIoNIsT.
They Won Again.
The molders employed at F. NJ. Davis
kls. IT,, rho ho NO hnny n, ofr q