Commodities such as wheat. corn. labor. &c.. instead of accumulating by compounding like money. are consumed almost as fast as produced. and men who engage in their production do not as a general rule loan money. and hence about 13 per cent. is as rapidly. counting all losses. as the people of this country. taking them as a whole. accumulate. Those who loan money accumulate faster than those who labor. And if allowed to continue to charge the present rates of interest. their accumulations will far exceed those of labor. so that in the course of a few generations capital will have such power that labor will stand no show. but will be wielded and controlled by it like the present pauper labor of Europe. It is therefore high time that the people commence dealing with this question of interest before it shall be eternally too late. In the very nature of things we must have. in order to be prospereus. both capital and labor.
Keywords matched
pauper labor