years and today we find the Financier in the saddle, and because of his control of the money system he has taken the place of the Industrialist and now takes the hog’s share of the earnings from both the Industrialist and the Laborer.
 It used to be the Industrialist who set the wage scale and raised the price of products, but now it is the Financier.
 It is interest that is the thief of everybody, not profit.
 Profit is but the part of the earning power of the product that the planner puts into it. He is entitled to a share as well as the laborer, and his share under Direct Credits will be judged by the reduction of the cost of the product that he is able to save everybody through his inventive and organization ability.
 The planner (industrialist or capitalist, as you choose to call him) is in the same class as the commission salesman; the one of greatest ability and most industrious is entitled to more profit than the one of lesser ability and least industrious.
 When an industrial planner takes a profit he is getting something for something, but when a Financier collects interest he is getting something for nothing.
 The Direct Credits Society intends to harmonize capital and labor so that each will receive the just compensation that each is entitled to and cause capital and labor to have an incentive to do their best work and produce wealth in such abundance that decent comforts will be within reach of those with the least ability. Direct Credits will therefore establish a purchasing power equal to everybody’s productive power that will give Justice to Everybody.
 Has anybody got any objection to the establishment of Justice for Everybody?
 The four main channels through which wealth is created and distributed are In­ven­tion, Organization, Labor and Trade.
 In order that wealth may be distributed in the most economic way a Trade Con­ve­nience must be utilized for the interchange of labor and products having different values.
 A long life of practical experience and investigation has taught me that an efficient money system would be the most practical method of exchange whereby the producers and distributors of wealth can receive the full value of their services.
 But right here you must learn that money has no value whatsoever.
 Money must simply be used as a Trade Convenience. It must be the common vehicle of trade for the convenience of everybody. It must belong to everybody and be controlled by nobody.
 For if everybody would refuse to accept money in exchange for their labor and products, then it would be worthless. It would make no difference what sort of material it is made of.
 Money, therefore, must be used as the measurement of value and not as value. That is one of the most important lessons you must learn before you will be able to manage