Norwich bulletin., 1912-04-03


 Mr Editor: Yes. MT, Vallette is barking up the se,me old tree. and the same old octopus is still there. The private ownership and control of all the money is the primal cause of the high cost of living and other eco homie Ills of which so much com rlaint is being made in all parts of the country. It is the primal cause. To illustrate this principle and it's results, I will give MT. Aver a prob lem in mathematics to solve, open or free for all Take the sum of $1,000 all the money there is, no more, no less, and all owned by one man. In the community are eleven enterprise ing business men who wish to hire S100 each for a year, They must go Each one gives his note for S100 at 10 per cent. interest and receives $90 in money.
 The eleven men owe s1.100 and have S990 in money to pay with The $990 with the s10 held by the money owner as interest on the last note, consti- tutes all the money there is, s1,000 Now Mir Aver, tell us how this debt of SLIGO is to be paid with only S990 available money. After paying in the S990 there is still an unpaid debt of $110. Tell us how it can be paid. What l&rt will or can supply and de- mand play in this game? There is a demand for $110. and the supply is short. Here is an indisputable fact, that the demand for money is equal to the demand for all other things ramed in money, including food prod ucts, and this debt of S110 The sup ply of money is conditional. under our 1 present system. The demand for food products is continuous. The supply of ] food products is compulsory, but linn i ited by human ability and endurance. | Food products are natural products of | labor on land. Money, on the other hand, is an artificial product or factor 1 created CT produced by society or law.
 This being true, there is no reason why the supply of money should not be equal to the demand for it. Under the present system, the law of supply and demand applies more specifically to money than to food products or 1 other products Food products are produced by labor. Money is produced 1 not by labor. but by law. The pro- l ducer of food products is handicapped l by the owner of money, as it is mol | created by labor. The trouble arises from the application or rather the nds- application of money from the pur pose for which it was intended to bt scientifically applied Money wal created to facilitate the exchange o. commodities, to supersede the cumber
 some system of barter and not for tht purpose of robbing the producers o.
 35 of the products of their labor tC
 enrich the few
 We are told that if the common
 people want money they must worl
 for it. Why not apply this same ruli
 to everybody that wants money? Wha
 is sauce for the goose should be sauc, for the gander. If every one was com
 pelled to work, render service fo.
 what money they need, there would
 he less millicnaires and less paupers
 There is but one way of scientiHcall.
 getting money into circulation, an,
 that Is by paying it out for service
 The power that creates money has nt
 power to create debt. Interest i
 not natural factor, but an indirec
 creature of law(?). By giving one per
 son or corporation the absolute owner
 ship and control of that which all tn
 people must have, and can get onl!
 by labor, is the rankest kind of spe
 cial privilege. Every one else mus
 produce to aunnort the privileged fs%