The Gem worker and the Idaho labor herald. (Boise, Idaho) 1914-1917, 1915-11-04
FOR RURAL CREDITS
Russell c. Massey Outlines Views on Workable
Rural Credit System

In his criticism of the different rural
credit plans, read by Russell c. Mas
sey at the regular meeting of the
Boise Trades & Labor Council We'd
nesday evening, a motion was made
and duly carried that the Trades and
Labor Council is in harmony with the
Grange in its efforts to bring about a
workable rural credit law, and that
after the reading of Mr.. Mussey's let
ter the Council indorsed the spirit
therein expressed. His letter follows:
have been asked by the master of
our Pomona Grange to write to the
"Open Forum" outlining somewhat
the plan that we favor, and criticizing
some of the other plans offered.
The Louck's plan, slightly amend
ed, would meet with the approval of
many of us. We believe the Lubin
plan unworkable in this country. Our
people are too cosmopolitan to work
out in practice what looks so good
in theory to Brother Lubin and 9TH
ers, and which proved so successful
in Germany
Another vital point on which l must
part company with Brother Lubin and
those that agree with him is that he
wants no government aid
Disguise it as we may, without
government aid in furnishing the
money, we escape not one whit from
the power of the money-lenders. We,
as producers, are entitled to as much
governmental aid as was given the
bankers in the Federal Reserve Act"
The bankers and monopolists
should have what what modesty the
farmers can spare. big Business"
knows good thing when they see it,
and invariably ask the government for
and persist until they get it.
If the wealth absorbers can secure
government aid TO help them accumu-
late wealth, on the plea that it will
help business, then the producers may
and should use the government to
help them in the production of new
wealth, by furnishing medium of ex-
change at cost. That should be one
of the prime functions of every pro-
gressive government
In stimulating the rapid production
of new wealth few are injured, and
those few deserve little or no con-
sideration, because invariably they are
parasites.
Brother Louck's plan would encour-
age production by leaving a greater
percentage of the new wealth in the
hapds of the producers. Is this an
end worth striving for?
Under the gold standard and gold
redemption system, we must go farth-
er and farther into debt until collapse.
The present mortgage indebtedness of
the world calls for drastic action, if
we want cure.
Let us fear nothing drastic if it is
constructive. Better radical measures
properly digested during normal times
than to drive the people to violent
action during a revolution.
Debts must continue to increase if
the present system is continued.
Illustrate this by taking the Roth
schild family as typical of one class
of people that is in every highly civil
lized country, the money-lending class.
This class loans money on interest
and they do nothing else. Each coun-
try owes this class an appalling sum.
This small but powerful class would
strip all countries of their monies, by
interest alone, in three years, if they
refused to reloan.
1t is apparent to the merest novice
that this interest money must be bor-
rowed back and put into circulation.
Withdraw three months interest and
business is affected. Refuse to re-