The advocate., 1892-02-03
MONEY-WHAT IS IT2-ITs USES AND
ABUSES.
CHAPTER III.
THE AnYOCATR.

40 buc EultOE Vi AhE AuNOOAAMs
The Capitalization Of money Is con
demned, and very justly, too; therefore
any methods or manipulation Of money
that lead In that direction are in them
selves wrongyand should not be tolerated
much less encouraged; but the abuses Of
before named remove all restraint In
that direction, and give syarice unbrldled
liberty; 1t enables the owners OF this
stuff called money to levy tax upon the
people for It's use; to diminish its guam
tity at will, thereby increasing the de-
mand for its use, and enabling them to al
once extort heavier toll for the use Of
this stuff and diminish the ability to
pay. Thus with double hand they
sweep into their grasp all forms Of
wealth.
The most cunningly devised and sub
tile abuse practiced and made possible
by the above named abuse Of money Is
the interest or usury system; IL Is not
worth while to describe 1t; we all know
too we'll what It's power for evil Is to as /;
a system by which all wealth is being
slowly but surely absorbed by the owners
Of this parody on money. 1t Is this usur-
patton, by that which Is not money, Of
the powers and functions OF money, that
has laid the worlds commerce prostrate
at the feet Of the usurer. Who Is
satisfied with these results? But
these false notions regarding money have
made this state Of things possible, for
had the governmet, 1. e., the people,
owned the commodity chosen as a repos-
itory for money quality, no individual
could have had pretext for demanding
tribute for It's use. And were 1t not for
the false notions regarding the individual
ownership Of money one citizen would
never submit to being taxed by another
for the use Of that which is common
property; and the notions regarding
what Is commonly called lawful interest,
and the innocence Of requiring 1t
would not have found place In the public
sentiment; for upon what parity Of reas-
onlng can we justify principle in less or
more, the carrying out Of which, to it's
legitimate extent, eliminates in such
disastrous resultsY But though we
might not be sufficiently acute IN our
perceptions to discover the wrong in the
principle, yet if we see when worked out
that the results are evil, and only evil,
we are forced to condemn the principle.
But the producers of this country are
to-day bowed down and crushed under
the ponderous weight Of an abuse Of this
so-called money power, the most stupen-
duous and most disastrous to the ma
tlon's best interests that the world has
ever seen, and this made possible by the
false notion regarding money and indi-
vidual ownership thereof entertained by
the people and their law makers.
Thirty years ago the nation found IT.
self In great need Of money. 1t then in
CURED debt known as the war debt;
gave It's obligations (the obligations Of
the people) to some Individual for some
Of their stuff called money; but in place
Of this precious commodity, it was only
granted the privilege Of using these fine
gentlemen's credit, which credit was
based upon their individual ot0nership in
fee of a commodity which the govern
ment had made the repository of money
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