The midland journal. (Rising Sun, Md.) 1885-1947, 1890-10-24

right OF Noneybags to use the state as
his collector. What then? Money
bags would find his idle $4,000 on
his hands, and would say: II must get
some profit out of that" and would call
on John Smith and say: Don't you
want a partner? I've got $4,000 to
put in here with you, if you will divide
the profits with me-" and John takes it;
the hard times come, let US suppose
but they will not come, being the result
of So called credit-but John is not
broken up by either mortgage or debts.
He has always been known as honest,
and in time RECEIVERS, paying every cent
he owes. But what of Moneybags? He
loses nothing, unless Smith does the
same, and he is no better than Smith,
that the law should guarantee him
against loss.
But that is not the worst of it.
Moneybags and his family are no longer
aristocrats. He himself is a mere bus
mess man dependent on some industry
for his profits and living. He is not a
bit better than Smith, and though his
family weep tears of blood over the
change from the old days, Smiths
children are as good as his.
Our present credit system has de-
stroyed every republic Of the past, for
legal interest is royalty, and at last it
ends in a crown, for the Moneybags
finds it to his interest to tie up the
money market, make collections bad,
put ohm Smith into a "hole," seize
his place under form of law, and then
later on, sell it for an advance on in
vestment, and pocket the difference.
But he has still stronger ambition.
So long as he lives off interest the
lower he can drive wages, and all
values of products, the more his income
will bring,
So, as hard times makes others
poorer, he becomes richer, and this is
the method OF money getting to-day
and the motive for the cry that cheaper
goods will benefit the poor.
But when fortunes have accumulated
until they are selfincreasing by this
cause of legal interest, the concentra-
ton of the money into comparatively
few hands results-that is our condition
now-till there comes period when
the money in circulation will no longer
move a moiety Of the business, men
become idle, necessity threatens to
know no law, and Moneybags insists
that we need standing army for the
protection of property. They came to
that cry in 1877, but it passed. 1t will
be worse in 1900, and some Louis Ma
poleon will carry out their desire; will
make soldiers of one half the idlers to
shoot down the ether half, and "order
will reign
But Napoleon must have his reward,
which is first the presidency then the
second term, and then he will candy
tell them he can best protect their
interests by staying there for life, and
if Moneybags murmurs, hint that the
army which saved his wealth can also
save it for themselves, will be enough
to obtain his acquiescence.
Besides. there will be almost royal
upper circles for those who live off
their incomes, and the rabble will be
crushed in the interest OF the rich
aud why should they care?
Such is the process by which every
republic has become rotten, and it is
only matter of time until the United
States, follows the general doom, il
legal interest is allowed to continue to
suck in, by compound process, the
profit of the producers.
The adjustment of the law allowing
the use Of public authority for the col
lection of private debts will come
nearer to developing universal repub,
lie than all the efforts OF all the charity
that has ever existed.
DAIRY Suggestions.