The representative. [volume] (St. Paul, Minn.) 1893-1901, 1900-06-21
From the Mont Conformist.


1per ct. per annum, to s2.7s
per cent per annum, to 1925
per Ct per annum, to 34O.O(
per ct. per annum, to 2.9Os. O(
10 per ct. per annum, to 13.8O8. .0(
IL per ct. per annum, to 84,O75.0(
18 per Ct per annum, to 75.145. 5.O07. .O(
"a per ct. per annum, to 1851, ,798, ,404. .OC
A system is unjust when it produces
injustice.
A system that produces such manifest
injustice as Is shown in this table is
easily seen to be an unjust system.
But" it will be claimed, 1T is the
abuse Of interest and not it's proper use
that makes 1t unjust"
Wha shall say what rate is "fair" and
what rate is an "abuse?''
All the rates named in the above table
have been named by legislatures in vari-
Gus places as fair" while it is perfectly
plain to anyone as he gazes upon the
results, that either OF the rates is unfair
for remember this is the result on
ONE DOLLAR, and II you would know
the grand result. multiply the value OF
all investments 100 years ago (supposins
the system not to have been operating
before that time) by the sum In the
table that represents the result ON 81,
and you will have a sum which cannot
be comprehended by the human mind
and would need to be stated in units of
gold bricks foot square instead Of a
dollar OF 26.S grains, and then keep tho
system. which has only gotten a nice
start In the 100 years-keep it going.
and you will in short time need to use
a mass Of gold the size of the earth.
as unit in which to express the accu-
mulated wealth.
When carried to its logical conclusion.
1t is seen that these results are impos-
sible. but 1t is equally evident that it il
unjust to impose an impossible and un-
bearable burden on one man or on 1.0oo
men, or on state or on a nation.
There fore, it will be clear to the hon
est and intelligent student of truth that
Interest is wrong in the very nature OF
things.
The readers attention Is now respect
fully invited to the article in another
column by Hon. F. J. Van vorhis, relat-
Ing to settlement OF balances on our in
ternational trade. It is shown that this
nation Is sending abroad now 1and the
devilish system has only gotten nicely
to work. and will work with accelerat-
ing power to accumulate until it ia
smashed by an indignant people) HUN
DREDS OF MILLIONS of dollars worth
In excess of what we are importing. This
excess means that our Interest bills
are represented by this enormous sum.
Ihe sum is SO large now that payment
In full Is impossible and the unpaid bal
ances are settled by transfer of title
TO our lands. and these titles are in
creasfng In the hands of foreign money
kings who are now dominating our con-
gress and controlling our law-mak,np
power so as to ourselves forge the
chains that will bind US and our child
rem 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 increased, and this Is done by
decreasing its volume in proportion to
the business to be done or the debts to
oe paid. A stationary volume of money
would produce this in time because Of
the ever increasing volume Of business
70 De done. This business must have
an equivalent amount of money tn do
the business, or it will be done on credit
tdebt) and with our (usurious) interest
systems in operation. the interest incra-
ment is greater that the labor Increment
and by the law Of geometrical progress
sion. or compound interest, the entire
labor increment is swept into the hand.
OF those who hold titles to the money
ana the land-and these are constantly
growing fewer and fewer, and ever do
We sweep nearer and nearer to the awful |