The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-08-24
Moneylender Rules.

The rule OF the pawnbroker began
With our revolutionary war Before that
time his business was prccarious, with
huge profits and crushing losses. Kings
we're had pay their credit poor and
they could not borrow much at a time,
But the credit OF the parliament was bet
ter, and from pa wnbTok or in Fra nEfort-
on-the Main, the parliament OF England
borrowed the money to pay the Hessians
With tho profits, some $500, 900. on this
transa ction. Mayer, called Rothschild the
pawnhrokcr Of the Landgravc OF Hesse
CasseI. was established in his larger bus-
ness Hc became uncle" of the king of
Denmark, He took England in pawn 10
furnish means for her struggle against
Napoleon. lie saw Napoleon "submerGed
by wave OF British gold and his sons
saw her in debt 10 themselves and their
ance to the sum Of nearly $1,000. 600, 900.
''On this sum the people of Great
Britain have paid about $40 900, 600 per
year OF interest ever since. They will 20
on paying TO the end of the present reg
ime Of debt and waste, AS matters are.
the debt will never be paid, the debt can
never be paid and only ccasionally by
the government called liberal has there
been any attempt to reduce ii All this
money was borrowed for war. The bond
ed debt OF the world Is, with trining
Is borrowed for other purposes il is be-
cause the revenues have been used for
war
"The two tools of financial tyranny
rect taxation BY the last the people
never know what they pay or what they
pay 1t for. BY the former. all debt is
showed off on the next generation This
generation pays only the Interest BY
this means. il is said, we have gone far
beyond the kindergarten stage OF living
beyond our means. The civilized world
is living beyond the means of the fourth
generation. If we knew what we were
paying for the state Of Utah would think
twice before paying shoOo.ooo year for
.rN
more than $4,000. 600 additional for PEN
sions, without asking some questions as
to the need for all this expense. and
without suggesting To somebody that
there might he room for economy,
Concrete Examples.
IF Salt Lake City could get back some
part Of the SS00.0o0 she rays every year
TO lac Insured against an attack from Eu-
rope IL might help bit in her financial
development
England went, first in debt; France
went farther with about S6 000, 600, 900;
81, 0oo, 900; Spain with $4,000, 600 900 .
Japan with 81 800 ,0oO0 900; the United
states with Si,0ooooo,oo0. The bonded war
debt Of the world, the endless caravan
of ciphers, is now S37 .00O, 0OO. 900 The
interest On il Is about 81 .25O, 900. 900 per
year. and both debt and interest and in
| themselves stand at about SO cents on
81, fact which is putting an end To the
business Of giant pawDbroking'
But the battle will never begin again,
The nations controlled by the unseen en-
| pire may bluster and threaten. but they
! Will never go any farther unt those who
| control their credit come forth from their
strong boxes in London Paris. Berlin
Vienna and New York, and tell the fight
ers 10 fight. There Is no profit In war
any more to anybody but contractors and
ghouls. War means waste and In the
words Of a New York dealer in Internal
| tionaI securities, a banker does not nat
| urally look with favor on the destruction
| OF property
'In discussing the high cost of living in
| America most OF our people confuse three
| or four different things. The COST or high
| living doubtless affects those who 1--we be-