The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1921-08-12

lly, IN interest, as mucn as all the
money in existence. As money, or, a
substitute for money-a medium of
exchange-is necessary for business
to be transacted and civilization to
it reaches the people, (enters the
channels of trade and business) only
through and by permission of spe-
cial privileged class to whom toll of
as much or more than 6 billion dol
lars, annually, is being paid--a sum
equal to the value of all the agricul-
tural products in the United States in
normal year-the work of the toiling
millions! (See N. Y. World Almanac
1919, page 449 U. S. Census, that puts
the value of all agricultural products
for 1912 at $5,240,0 19, 651).
This 6 billion dollars annual toll
goes to an idle, non-producing. special
privileged class; and is paid by the
people, So per cent of whom, are in
no wawy W paa
no way part of this special privi-
lodged class. Each one of the people
is paying part Of this toll whether
he or she, individually, owes an inter
est bearing debt or not. OF this 100
billion dollar debt, IL billions of it is
railroad bonds. (See U. S. Census
Bulletin No. 221, that gives it for
1916 at, $12, 1000, 495, 523-now probab-
ly 16 billion dollars). Interest on this
II or 16 billion dollars, one billion
dollars year, is being paid by the
people in railway passenger fares and
freight. And in like or similar
manner, the people are paying it on
all classes of bonds. And, what are
the people worth, who must pay this
100 billion dollar debt and 6 billion
dollars, or more, annual interest? In
pamphlet issued by the Bureau of
Census (1918) entitled, Financial
Statistics of the States" on page 1872,
the assessed and true value of the
property, by state, in the United
States is given. (See chapter 8, page
II, of Common Sense"). From this
we see that the fair cash value of all
assessable property in the United
States is 1873 billion dollars. This is
the only official and reliable estimate
that has been made; and we know
that it has not increased but has d.
minished since it was made, 1918. All
estimates now being made that places
it above 1873 billion dollars (some as
high as 500 billion dollars), are evil
propaganda to ensnare the people to
their further ruin, by making the pres
ent confiscatory debt look small.
Nor, is the placing of 100 billion
dollars, and 6 billion dollars year in
terest on the backs of the people the
whole story. Having a monopoly of
the money, and "bank credit, this
privileged class has loaned its inter-
est bearing bank credit to Wall street
gamblers, cotton and grain gamblers
and to profteerS promoting monopo-
lies on agricultural and industrial pro-
ducts-who are fixing low prices to
producers and high prices to consum-
ers-prices no longer fixed by the law
of supply and demand but by brute
force and compulgion! This unjust
profit includes interest to the money
lenders, and is far in excess Of fair
and legitimate profit-legal highway
robbery-approximating 10 billion
dollars annually! We have thus to-
tai of 6 and 10-about 16 billion dol
lars, annually, piled upon the backs of |
the people as the result of a special |
law conferred upon the |
money lenders! This conspiracy |
against the integrity of the citizen
ship of the nation has come silently |
and stealthily upon the people, with
most Of its beneiciaries unconscious
Of its destructive force. In posses
sion of the money and credit of the |
nation this privileged class Yields a
power and influence that is. suppress
ing criticism and enveloping the hu-
nan race in it's self-destruction! It's
members are leading citizens having |
IN influence in every community, |
as a rule, estimable citi-
zens; its members, profiting by it, &C.
,upy most of the seats in Congress-;
t owns, controls or influences by
Tor by reason of credit
t extends) nine-tenths of the news
papers and magazines, with few
because they have not Investigated
his subject)! 1t elects and names
Presidents and Cabinets! 1t makes
'alse political issues to divert the
minds Of the people from it! 1t main
aims propaganda system to mis-
cad and deceive the people and to
'rejudice them against reformers; u.s.
ng newspapers and .agazines and its
multitude of money lenders as pur-
r RI ~ Il