Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-05-13

loose Tor only one hunureu years IL
will amount at
per ct. per annum toS 9.75
per ct. per anuum to 1925
6per ct. per annum to $4,000
Sper ct. per annum to 2,203.0O
10 per ct. per annum to 13,SOS.OO
10 per ct. per annum to s4,O75.OO
1S per ct. per annum to IS, 145,OOLOO
"a per ct. per annum to 1851, 79s, 10000
A system is unjust when it produces
injustice.
A system that produces such mani
fest injustice as is shown in this table
is easily seen to be an unjust system.
"But," it will be claimed, sit is the
abuse of interest and not its proper
use that makes it unjust"
Who shall say what rate is fair"
and what rate 10 an "abuse?'
All the rates named in the above ia
BILE have been named by legislatures in
various places as fair, while it is per-
fectly plain to any one as he gazes upon
the results, that either of the rates is
unfair-for remember this is the re-
suit on ONE DOLLAR, and If you
would know the grand result, multiply
the value of all investments one humid
red years ago (supposing the system
not to have been operating before that
time) by the sum in the table that rep
resents the result on Sl.00, and you
will have sum which cannot be COM
pretended by the human mind and
would need to be stated in units Of
gold bricks foot square instead of
dollar of 25.s grains, and then keep
the system, which has only gotten q
nice start IN the one hundred years
keep it going, and you will in short
time need to use mass of gold equal
in size to the earth, as unit in which
to express the accumulated wealth.
When carried to its logical conclu-
sion, it is seen that these results are
impossible, but it is equally evident
that it is unjust to impose an impossi-
BILE and unbearable burden on one man
or on a thousand men, or on State or
IN Nation.
Therefore, il will be clear to the hon
est and intelligent student of truth
that interest is wrong IN the very ma
ture of things.
The readers attention is now re-
specially invited to the article in an
other column by Hon. +. j. Van Vor-
his, relating to settlement of balances
on our international trade. 1t is shown
that this nation is sending abroad now
land the devilish system has only got
ten nicely to work, and will work with
acceleratI ting power to accumulate un-
til it is smashed by an indignant peo-
ple) HUNDREDS OF MILLIONS Of
dollars worth in excess of what we
are importing. This excess means that
our "interest ILLS" are represented by
this enormous sum. The sum is so
large now that payment in full is inn
possible and the unpaid balances are
settled by transfer OF title to our lands
and these titles are increasing in the
hands of foreign money kings who are
now dominating our Congress and
controlling our law-making power so
as to ourselves forge the chains that
will bind us and our children forever
to the wheels of Wealth's Juggernaut.
These chains are made doubly strong
and are tripply welded every time the
purchasing power of the dollar Is in
creased, and this is done by decreas-
ing its volume in proportion to the bus
mess to be done or the debts to be paid.
A stationary volume of money would
produce this result in time because of
the ever increasing volume of business
10 be done. This business must have
an equivalent amount Of money to do
the business, or it will be done on
credit debit and with our (usurious)
interest systems in operation, the in
terest increment is greater than the
labor increment and by the law of ge-
ometrical progression, or compound in
terest, the entire labor increment Is
swept into the hands of those who
hold the titles to the money and the
land-and these are constantly grow
ing fewer and fewer, and ever do we
sweep nearer and nearer to the awful
throat of the "MAelstrom" which will
awallow civilization in one terrible
eataclysm, and wipe out all property,
leaving the world once more depopu-
lated by hunger and famine to begin a
new civilization that will repeat the
horrors of the old unless interest" on
money is forbidden and the violetion
of the law made punishable by death.
-Non-Conformist