The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1893-03-10
THE CUES oE usuRN.

{ no scarcity OF money be induced yet a
/ legal rate Of interest OF Q per cent per
7 annum viii inevitably coucsntr the
I wealth iu a few handa
! 10 show that interest at 2 per cent
1 viii accumulat1 property far u1ore-rap-
i idly than 30 can be earned by labor. sup
/ pose % nation OF one thousand iudivid-
I uala We wiu use this miniature ma
l tion an Illustration, because the opera
I tion OF the laws viii be more readily
I seen upon so small a community, but
[ the effects would be similar upon
| great nation The Thousand persons
I settle la "a new country and engage
Z in various occupations, agricultural
] Misunderstanding, mercantile, etc. Al
t the settlement Of the colony, we Will
/ suppose the colouists 90 be worth an
Z equal amount Of property. SO that one
. snail possess no superiority over luoth-
/ err Each uursues some lawful and
I useful business without entering into
! any speculation whereby fortune may
/ be gained without labor. No one has
any means of support besides actual
I production, except the legal interest of
l q per cont on money loaned or rent
at the same rate on money invested in
/ property All are uilgeut in their sew
/ er8l occHpationzr and thus each con-
/ tributes 20 the general wcll-beiug-
] Two mechanics, just come of age, are
/ desirous of accommodating large fortunes
] They are good worzmeu, and each is
/ able 20 care dollar day over and
above his expenses Every six months
/ they loan the money thus earned at
Q per cent interest. the interest
/ payable half yearly They set their
I affections upon becoming rich, aud
! therefore, do not burden themselves
| with O house aud family. These men
I earn an average OF "a dollar u day, be-
I sides their expenses, three hundred
I days in each year. during forty years
/ aud fsur months Their age is then
( siEty-one years and four months Each
I earns by labor $500 per year for forty
years, or, for the whole period, Si2, 100
! together. S2#. 200 The Interest on their
/ earnings. loaned half yearly, for a period
I of forty years and four months, uccumu-
/ lates am amount which viii be seen 5y
/ reference to the following table. In
terest at Q per cent per aunum,
I paid and reIoau ed half yearly, uccumu-
[ latas sum equal to the principal in ten
years and one month
! Here follows an elaborate table,
showing the accumulation OF wealth,
] resulting from the Investment of $3.50
every six months at 2 per cent, com
Z pounded aemi-auuuaily, amounts TO
[ the enormous sum of Slss, 1000, of
which sum 2I,2J9 IS earned by labor
aBd SIO4, 55l.11 the result of interest
Suppose the two men live twenty,
Z years and two months lougGr-thut Is,
To L-ar on y ears anu BIN
months-aud continue 20 loan their
money! During this period it would
double twice
Thus COCO sI2s- -s515J
10 years aud months interest. ,..... i@s,75a70
2d 10 years and months iuEercst---- 25s-5Jl 50
Total accumulation i'm 60 gears. and
1,he two men do not labor during tho
last 90 years and months, and exc
pend for their living during that
period -----' ,---.- ----- .----------- ~ "a
5105l0j
In 40 years ard months they earn 10y
labor s-I0ll. and live % years auf
months on their money without Ia
bou
Subtract money earned by labor 80 e'0.07
Remainder accumulated by interest
Every dollar Of the s4f5. 500 Is earned
by the labor of others aud given 20 the
two Hneu, as tine legal interest upon
S24. 600. These men live laboriuusly,
and work for a very moderate cOmpCu-
satiou. They take only the legal rate
of interest, aud do not demand the
principal of1he money as long as the
Interest is paid Neither do they enter
into any speculatious- 1t is, therefore
said, that labor earns their large fort
Gues- Cases similar 20 this are often
brought 70 prove that an industrious
man may, by his labor, accumulate q
is erroneous. is manifest from the fore
going table, by which 81 appears that
more than nineteen out of twenty paris
OF the large fortunes of these men are
earned by others, aud paid TO them TO
satisfy the legal interest on their loans
of money.
Now let us suppose the interest ON
money to be one per cent, and, with
this difference only these two men 20
be placed iu the same cirGums staucgs i'm
which they have been already de-
scribed. They earn over aud above
their expenses q dollar day three
hundred days in each year, during "a
period of forty years and four months
They loan their earnings at the legal
rate OF interest lone per cent? and
collect and reluun the interest half
yearly
Here follows "a table showing that
at the age of 81 years aud months,
with interest at one per cent, the two
men would have but 3l.3f3, or e.. $50
less than they earned by labor iu the
first forty years and four months. all
OF their accumul lated interest and e.. SO
OF their earnings being required for
their support during Che last twenty
years of their lives. A difference in
favor OF one per cent interest of S4zs,-
CSC.
Let us now suppose another case. of
two men who become OF age at the same
time as the former two, and who are
equally good Wuri-meu. They likewise
earn dollar per day above their own
support, but they marry and have the
expense Of supporting their families.
Each rents a house at EG0O per auuum,
and thus one-third OF their surplus
earnings IS paid for tencmeuts Their
earnings must also supply their falmi-
lies with food clothing, fuel, etc AL
though these two meu work as dili-
two, yet. instead of being able to lend
money upon interest, they are obliged
Z to pay interest on the houses they oe-
cupy- Strict economy is requisite 20
make one dollar a day, over aud above
Z their personal expenses school their
children. pay rent and furnish
ueeeszarv SUPPLE These two
men labor much - the
former two end contribute at least an
equal share 60 the pnulic good an
their earnings are devoted ta tine pay
.uen5 OF artisans, talchera and othera.