"Designing persons did get into positions," said Norrena, "but there
could be no danger to the cause from this source, as in order to secure
positions they had to adopt methods of business that could not fail to
overthrow the profit system, and as fast as business was organized,
the official paper of the order was sent regularly to every member.
If at first they did not understand the principles well enough to
protect themselves from knaves, they soon learned; and if anything was
going wrong it was soon understood by the customers. As the business
extended, the oppressive power of money decreased, and the power of
labor increased. The enthusiasm of the people was aroused to the
highest pitch, and the magnates of the old system were correspondingly
depressed. The old system was essentially weak, while the new was
peculiarly strong, and as the hosts of wealth producers came together,
and utilised the actual values created by their labor as the medium
by which exchanges were effected, prices went up as the result of
the increase in the currency, and there was no use for money except
to pay debts. Under this system, the purchasing power of labor and
products was steadily increasing, while the purchasing power of money
was decreasing. As long as money was needed to pay debts, products
were exchanged for money at the increased price fixed under the labor
standard, but when the debts were all paid, the purchasing power of
money was gone and poverty had disappeared with it. Every debt had
been paid according to contract, and in the payment of these debts the
debtors had transferred their poverty to their creditors."
"We have gone over this ground," I said, "until, as I understand it,
the great potency of this organization, was in the fact that all its
methods were especially designed to ultimately eliminate the use of
money in the transaction of business, but it occurs to me, that much
could be done in this direction, without the organization of business
exchanges, which issue certificates on the deposit of money and
products to serve the purposes of a currency."
Public-domain text, read in full here on John Shaqi.
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