EDUCATION. -MONKY.

Thames Star, Volume XII, Issue 3980, 30 September 1881, Page 3

EDUCATION. -MONKY.

(To fcho Editor of the Evening Star.) Sih, —Liberty is the power* to use our faculties according to will—justice is her rule —the rights of others her boundary —nature is her guiding principle, and the law her safeguard ; but nature is the most abused word of modern civilisation. It is used to mask and baffle the despair of oppressions victims, and in bo way or sense is it more grossly abused than when we are cautioned not to interfere with the liberty of money. The ruin through usury of a State has been shown. Its domestic and more limited aspect is not less appalling, for—

, Its fiendish' power uo tongue can tell, Or threxd the myalio maze forinod bell. Not all the pens ever made, wielded by the most fertile brains that ever graced this beautiful earlh, could describe the smallest fractional part of the evils this demon money, invested b;/ law with the power to make and grow money, hasinflicted npon the human race. Ihe heart and brain grows sick in thinking oi the exactions and impositions to wbicii our working classesare subjected through loan and pawn offices, with their usurious rates of ten, twenty, thirty, and forty per cent., repayable by weekly instalments. 'A loan of £20, the whole interest nrst deducted, is made payable by twenty weekly instalments of £1 each, and the capital is thus turned over twice or tune in a year. If the loan is advanced at ten per cent., a net interest of Wenty-five is obtained; if at twenty percent., a net interest of fifty ; and if at ihirisg, seventy fife per cent, is extracted. 1 his, withouv compound interest, which, .beginning with the first pound, could be re-lent titty-two times; the second fifty one times, and so on to the whole amount of the loan. The prime knowledge that education on money should inculcate is that labor is and must be deterioated by its compulsory passage through a narrow guage of gold. An expanding trade and contracting medium are incompatible to success; production under such circumstances must injure the producers. Under it, as before shown, the poor will become poorer in proportion as it enriches the idle and useless capitalists. This is self-evident in increased production at stationary wages; and in estimating the proportions that the producer and capitalist relatively receive. That gold does not perform its boasted office of setting labour free is proved by the incontestable fact that when monetary institutions have a plethora of money, so that it is called a " drug labour is unemployed. Two hundred and eighty thousand millions lately lay in the London Banks, bill and discount houses, unable to find employment, while thousands of willing hands were unable to obtain bread, and who could have supplied the houses, the stone, timber, time, glass, paint, lead, chairs, tables, beds, drawers, sofas, clocks, boilers, iron, books, and in fact all the wants, of the people. I hat gold is not a true representative of value is shown in its purchasing power of buying labour's productions below their value and selling them above it; for any instrument that can be converted into a purchasing power is deplorably degrading and dishonest to the labourer: A medium of exchange should always represent the precise value of the thing, .exchanged! The pseudo friends of liberty will set upon me for this doctrine, but the struggle will be between tyrannical, vicious, stupid, governments, and the people whom they : plunder and oppress. Any man wh"6 shuts his eyes to the importance of these questions, or immerses himself in the puerile mists of political economic, antiquarisni, or from cowardice or ■selfishness* stands aloof or takes part with the guilty oppression is an enemy to truth and humanity. We want no partial reforms. No tinkering at or repealing bad acts of passiog worse. No shams ? We want entirely new principles of legislation, and we will have them too. The present system cannot stand much longer. An enlightened and virtuous people will inevitably annihilate folly and wickedness which could never go lurther than they have done in the prevailing land, labour, and money laws.—l am, Ac, '•• Bon Ami.