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" Sometimes, instead of purchasing a commodity out and out, people want to buy only the use of it, for a longer or shorter period. The price paid for such temporary use is commonly called hire. "
John Buchanan Robinson
Want
Only
People
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" But the egoist has no ideals, for the knowledge that his ideals are only his ideals, frees him from their domination. He acts for his own interest, not for the interest of ideals. "
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" The business of a bank is to lend money; which amounts, nowadays, to lending credit. "
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" The Massachusetts Land Bank, during Colonial times, prospered, and brought prosperity to the community, until it was forcibly suppressed by special act of Parliament. "
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" At present, financial crises occur, chiefly because the paper currency is redeemable in gold only. "
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" In precisely the same way money is often hired, and the hire paid for the use of it is called Interest. "
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" The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest. "
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" It was the king's army, the king's people, the king's taxes; and he who questioned the propriety of the royal prerogative of taking from his people without return or accounting, was reckoned, and felt himself to be, a criminal, guilty of the highest crime of disloyalty. "
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" Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and the panic follows. "
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" Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times. "
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" In this way, the charge that the bank makes for the use of its notes - the interest - is a continual and universal tax upon all the members of the community. "
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" Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest! "
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Old
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