Betsy Gaskins (Dimicrat), Wife of Jobe Gaskins (Republican): Or, Uncle Tom's Cabin Up to DateHood, W. I. (William I.)
General
Betsy Gaskins (Dimicrat), Wife of Jobe Gaskins (Republican): Or, Uncle Tom's Cabin Up to Date
Hood, W. I. (William I.)
Gold; Interest; Money; Paper money -- United States; Populism
“The planets and stars of the entire solar and stellar universe, as seen
by the great Lick telescope, if they were all of solid gold, would not
nearly pay the amount. A single sphere to pay the whole amount, if
placed with its center at the sun, would have its surface extending
563,580,000 miles beyond the orbit of the planet Neptune, the farthest
in our system.
“It may be added that if the earth had contained a population of ten
billions, each one making a million dollars a second, then to pay for
that cent it would have required their combined earnings for
26,938,500,000,000,000,000,000 years.”
[Illustration]
VII.
DEBT AND SLAVERY.
“And ye shall hallow the fiftieth year, and proclaim
liberty throughout the land unto all the inhabitants
thereof.”—_Leviticus_ 25:10.
“Debt is the fatal disease of republics, the first thing and
the mightiest to undermine government and corrupt the
people.”—WENDELL PHILLIPS.
FROM the earliest dawn of history debt has ever borne a close
relationship to slavery and servitude. “It is worthy of remark,” says
Grote (History of Greece, vol. III., p. 144), “that the first borrowers
must have been for the most part driven to this necessity by the
pressure of want, contracting debt as a desperate resource without any
fair prospect of ability to pay. Debt and famine run together in the
mind of the poet Hesiod. The borrower is in this unhappy state rather a
distressed man soliciting aid than a solvent man capable of making and
fulfilling a contract; and if he cannot find a friend to make a free
gift to him in the former character he would not under the latter
character obtain a loan from a stranger except by the promise of
exorbitant interest and by the fullest eventual power over his person
which he is in a position to grant.”
“This remark,” says Professor Nicholson in the _Encyclopedia
Britannica_, “suggested by the state of society in ancient Greece, is
largely applicable throughout the world until the close of the early
Middle Ages.” The conditions of ancient usury find a graphic
illustration in the account of the building of the second temple at
Jerusalem (Nehemiah 5:1-12). Some said: “We have mortgaged our lands,
vineyards and houses that we might buy corn, because of the dearth.”
Others said: “We have borrowed money for the king’s tribute, and that
upon our lands and vineyards, ... and lo, we bring into bondage our sons
and our daughters to be servants, ... neither is it in our power to
redeem them, for other men have our lands and vineyards.”
Public-domain text, read in full here on John Shaqi.
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