Jasper County Democrat, Volume 16, Number 93, Rensselaer, Jasper County, 21 February 1914 — MORTGAGING LIVES. [ARTICLE]

MORTGAGING LIVES.

The day has long passed when it was popular to pay as you go. People don’t do that any more. That is one of the causes of the high cost of living. „ People nowadays are not only mortgaging their houses, they are mortgaging their lives and in many cases their very souls. The Rothschilds taught the world how to run so deeply into debt that it can never pay what it owes; but such debts must not be personal; they must be arranged so that everybody’s earnings are mortgaged says the Calumet Record. *The English people, for instance, owe $6,600,000,000, “a sum which has never been repaid and can never be repaid.” That is, the principal, can not be paid—but the English people in time will pay it all several times over in interest. England paid in 1911 alone about $200,000,000 in interest on its debt. The French owe more than. $7,000,000,000. The Germans owe about $4,000,000,000. All these debts are based on Rothschild’s great little idea. 22r We do not owe so much, but then we started late—we are on our way now. though, and going strong. We ewe about $2,000,000,000. The interest on that is only about 5 0 cents day a family. It will grow. These figures are from an article in Pearson’s: magazine, ■:2

Voters are tickled to death to vote for bonds, city bonds, county, sanitary district, parks, harbors, subways—any old thing. Politicians are ALWAYS in favor of all kinds of bonds. This means lots of public money to spend in graft, fat contracts, etc., etc. I Only the tax payer objects. He ( gets hit first. For the interest on these bonds must be paid, you know. It doesn’t come out of the air. Bonds mean interest, which means higher taxes, w-hich means higher rents, which means higher prices for every- ■ thing, which means more bonds, which means, etc. Principles which apply in daily, business affairs seem to be forgotten by the voter in the booth. He ch6er-; fully bonds his future, bonds his children into debt, bonds posterity. Is there no limit? Constitutional limitations are evaded by the very simple act of; boosting the valuation of taxable' property. Does that make the prop- j erty worth more? No, it does not. 1 That merely means higher taxes and more bonds.—Lake County Tinies.