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The Pamphlet Collection of Sir Robert Stout: Volume 4

Nations and Railroads : English Vassals

Nations and Railroads : English Vassals.

England banks on the credulity of the world. Producing comparatively little herself, through an artful system of finance, she draws tribute from all other nations. Although despairing of ever paying the principal of her debt, and still constantly adding to it, she supplies a few rich subjects with her credit at about three per cent., which in turn is accepted by nations, railroads, and individual borrowers at extortionate rates, and so they, or rather producers, to whom all interest in the end is charged, and paid by labor, are kept in a perpetual money bondage.

Low interest quotations are a farce to ninety-nine in one hundred borrowers. A favored few rich, in every country, pocket all the advantages of low interest, to lend at higher to the useful who do the world's work.

How a few English exact money allegiance has been strikingly illustrated. One hundred families possessing $250,000 each, re-move to an island, leaving their wealth behind them to be loaned and compounded at 6 per cent, per annum for 150 years. In that time, by the tabular increase, they will have grown to 1454 families. Each family may always draw $3000 per annum for support, and yet at the end of the 150 years, each will be entitled to $51,672,455! So do lenders in England, on a large scale, gather up the wealth of the world!