A cityless and countryless world : $b An outline of practical cooperative individualismOlerich, Henry
Science
A cityless and countryless world : $b An outline of practical cooperative individualism
Olerich, Henry
Cooperation; Social problems -- Miscellanea
“Our money press is run by electric power, and requires only a few
days’ labor per annum to stamp all the money we need. It is all done by
the press; no human hand is needed only to set it going. It would be
impossible for the minter to be dishonest, or for any other person to
use the money-press. Each community has but one money press, and every
press is different. The press automatically registers the number of
bills, and the total amount of _days_, _hours_, _minutes_ and _seconds_
that it stamps. At the beginning of each fiscal year the press is set
at _bill_ No. 1, and the amount issued, at cipher. This setter is
guarded by a time-lock, which can be opened only one hour during the
whole year when the machine is set for the next year’s work. The press
can by no possibility be turned backward, and the time-lock permits it
to be operated forward only just two hours a month, during which time
the minter stamps the monthly bills. So you see that neither the minter
nor any one else can be dishonest if he tried to be. This precaution is
not so much taken against fraud as against accidental error. We should
always bear in mind that the simplest business system that allows
the fewest intentional or accidental errors to creep in and remain
undiscovered is the best system. At the end of each month all the labor
records received at the mint are booked and footed up, and the total
monthly amount of money issued. In this wise the minter always has two
sets of figures, the one on his book and the other on the register
of the money press. These two sets of figures must indicate the same
amount of money issued.”
“That is a grand scheme,” said Rev. Dudley. “But how is it with your
other business? Is that sealed with the same unavoidable honesty and
correctness as your money making is?”
“All our business is done on nearly the same principle. Besides the
individual who transacts his private business to suit his own taste,
there are two collectivities that do business--the family and the
community. These two always check each other. The family’s annual
invoice shows the goods on hand. Its daily remittances to the ‘Com’
show all the money it has taken in, in all its departments--store,
dining-hall, barbershop, restaurant, etc. The warehouses, which keep an
account of all the commodities they receive and send out, check it up
with the goods it receives from the community, and the ‘Com’ checks it
with the bills the ‘Com’ paid for it to other communities for goods
the family purchased.
“In a similar manner, the ‘Com’ of the community checks with all its
families and with all its warehouses. Under such a system it is hardly
possible that an error can be passed unnoticed.”
“But I see no opportunity in your economic system for capital to earn
anything,” said Rev. Dudley.
Public-domain text, read in full here on John Shaqi.
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