The great West. [volume] (St. Paul, Minn.) 1889-18??, 1892-04-22
BEWARE CT DEBT.

BEWARE OF DEBT.
The Alliance Offers q Remedy for Natior
as Well as Individuals.
Possibly no command of God is :
universally disregarded as this iniun1
tion.
III thou lend money to any of INV no,
PIE tnas Is poor by thee, thou shalt NOT
70 MIN an usurer, neither shalt thou Ia
upon him usury. lex. xxi, %.
1aKe tnou no usury OF him or increas
put fear thy God; that thy brother ma
live with thee. i1a
Ihou shalt not give him thy money upo
usury nor lend him thy yictuals for in
ase."--[Lev. XIV, So and 81.
.EzeKlel XIX, says: HE that hath no
gwen forth upon usury neither hath tale,
an increase hath withdrawn his hand from
1nlquity and hath executed true iudgemen
! between man and man.
What is usury? It is interest NJ
as some would say. interest CHARGED
above the legal rate but it is simnlr
interest This command of holy wri,
is one OF exceeding righteousness. Ifs
disregard has caused the totterine nj
nations and the wreckage of un.
numbered thousands of individuals
In this day debt means interest
says the toiler. II interest had bean
prohibited when the Christian relic
Ion first dawned upon an enlightened
world we would never have known
natlons to groan under bonded debts
ne1ther would individuals have sacri-
nced the pleasures OF home because of
Promlssory notes and mortgages. The
point Is had interest never been conn.
tenanced by civilization the Infamous
national and individual debt system
would have died without beginning.
1t would be herculean task to now
attempt to legislate against interest
that Is TO attempt to prohibit the prac-
tlce between borrower and lender hu+
all admit that there would be no hor
rowing or lending was it not for tho
interest or usury.
Interest which is inseparable from
debt both national and individual ;s
burden which cannot be unloaded un-
1855 oy some method the debtor takes
unto himself not an additional
amount OF wealth. but an additional
amount OF money. If A. borrows
$lO0 for year at 10 per cent ha
must have $40 with which to nav +
10 bring this point to plain illustro.
ton. suppose four men isolated from
Inc balance OF the commercial world.
A. has So B. borrows it for three
months at three per cent interest: A |
mas another $40 which he loans to G. |
on the same conditions, and still an.
other to d. Imagine one of these
parties with certain necessaries If
lie while another had others, Thew
Then begin the Interchange of articles
Just as the classes or sections of a.
great nation will do It is a scramble
with each one to beat one of the other
'wo out OF the thirty cents which he
must pay as interest to A. There is
'nly $50 among them. and there is
'3O. W to be paid. so where is the
ninety cents to come from? Sun.
'ose g. is unusually shrewd in MANN.
'iatlons In trades and comes out
It the end of three months with $12
ND {. not so successful comes ont
With $40 and d. of course has $S
ZACH has a debt of $1,000 to paw
''uppose they have mortgaged to 4.
helr supply of the necessaries of life
S the farmer does his farm. G. and 1
}. would be bound to surrender their ,
hares or part thereof or else prom
70 greater interest for more time
ow suppose these three men had S
greed upon a certain kind of paper i
'lth a certain mark or design as +
leasure of values in necessary ex- +
hange of articles between them and +
ave issued it to the amount of $40 Q
u each. the result would have been e
lat at the end of three months their b
Schanges would have been perfected Il
10 no debt whatever would have har- a
'sed their dreams. u
Beware of debt because with # c
'mes interest and usury, a plague to g
atoms and a curse to man. There is S
remedy for nations which is also a
medy for individuals. Do as the
lllance proposes give US legal tender a
'eenbacks o