People's Pilot, Volume 6, Number 39, Rensselaer, Jasper County, 18 March 1897 — Archery. [ARTICLE]

Archery.

Without reproducing the mathematical formulas or copying the tables of statistics as our proof, we will state facts thereby proven, assuring our readers that every proposition can be verified. Ist. Every dollar of circulating medium, under our present system, excepting that paid out by the government for current expenses, is loaned into circulaj tion, and goes into the channels |of trade as an interest bearing debt. 2nd. Every dollar of money ! that flows through the channels of trade, in the United States. , must pass the hands of , the producer times each year and : must Ibe borrowed froth- the banks nineteen times each year, hence

the consumer has been compelled to pay compound interest on everything produced 19 times each year. The producing classes pay all t his interest and charge it up to he consumer, who pays it in the end. To illustrate: The simplest form of labor, is gathering and preparing material for skilled labor. Felling trees and preparing them for the mill and digging up clay for the manufactures of brick, are samples. The man who chops down the tree and saws it into logs for the lumber mill is assisting the skilled mechanic in the furniture factory to make chairs, bedsteads and bureaus.

This wood chopper is paid in money for his work on the chairs. This money is borrowed in order that the choppers’ interest in the chairs may be advanced to him, since the choppers cannot wait till the chairs are finished for his pay. The interest on the money due the chopper' for his work must be counted .for the time it is invested that is, until the log has been hauled to the mill, sawed into lumber, thoroughly seasoned,.made into],chairs and sold to the final consumer. This is found ..by experience to be three years, hence twentyfour per cent for interest and a liberal allowance to the speculator for contingencies are deducted from the value imparted by the chopper equal to 33 per cent, hence the chopper receives 67 cents for his dollars’ worth of work.

With this 67 cents he goes to the furniture store to get his share of the chairs he has been helping to make, finds that the chairs he has been at work on are not done, and that he will be obliged to exchange his labor for the labor of a chopper done three years ago. He finds charged up against this set of chairs as cost, wood choppers, one day’s labor 66 cts; paid Shylock three interests at 8 per cent per annum, 16c. Hence 17 cents is taken from his 66 to pay the accumulated interest on the other chopper’s wages averaging him 49 cent’s worth of chairs. From the above it is clear that SI.OO worth of labor is exchanged for 49 cents worth of his fellow workman’s labor, the other 51 cents going to idle capital for the use of the money to do business with. Briefly stated, under the present system it costs the producer 51 cents to exchange a dollar’s worth of work with his neighbor. Can you wonder then, that we behold “on one hand idle opulence in dreamy luxury, and on the other toil worn poverty in rags?” that we see all over this bright land of sunshine and plenty, palaces and poorhouses; churches and prisons; courthouses and gambling dens, and every extretne of virtue ar.d vice? Interest is the outgrowth of debt. Debt is the result of attempting to do $lB worth of business with 70 cents in cash. Archery teaches you how to perform this’seeming impossibility, and that too, without borrowing a single dollar, or paying one cent of interest.

WILLIAM P. SMITH.

The state supreme court has ruled against allowing township trustees to hire livery rigs in transacting public business except at their own expense. The new postmaster-general announces his policy as official axman to be quite lenient, and in the main to leave present incumbents in office their four years out. Our late legislature passed a compulsory education law, and then created an office for the cities and towns which pays 82 a day ta political beneficiaries for doigj£sihe truant office act. '