men’s wages
that they will not be loaned any
more money to do business—or—that the financier will foreclose
the mortgage they hold over them
for back interest.
The working people don’t know that the financiers swindled two hundred thousand manufacturers out of their factories during the past eight years. They don’t know that it was the financiers that caused fifteen million working people to be thrown out of employment. So the touts of the financiers urge the working people to fight the manufacturer. It was the financiers who swindled the working people out of more than six million of their homes as well as having swindled the manufacturers out of their factories but still the working people and manufacturers hate and fight each other as enemies. The manufacturers did not take the working people’s homes away from them nor did the working people take the manufacturers’ plants away from them but still they fight each other. The financiers now have possession of the manufacturers’ plants and the working peoples’ homes but they are too busy fighting each other to think avout that. Why do they fight each other when it is the financiers who have taken their properties? Because the financiers control all of their organizations and they are forced to listen to, and follow the advice of, and take orders from false leaders. “Now, working man and manufacturer, for God’s sake, try to understand that. Standing here talking to you, is your coach who wants both of you to have a purchasing power equal to your productive power. I have been a common laborer and I have been a manufacturer and I have been an industry builder. I have done all kinds of work and I understand all of your problems. I say that you are both wrong when you fight each other. You are both wealth producers who are being cheated out of the results of your labors. It is the financier who is the cause of your troubles. He is the enemy of both of you. The financier controls your money system and thereby has the power to strangle the business man by refusing to loan him the money with which to buy materials and pay wages. If the people would do as their Constitution authorizes them to do they would control their own money system and loan the money to everybody as a trade convenience, without interest, instead of permitting financiers to force them to pay tribute for the use of it. Money, no matter what sort of material it is made of, is worthless unless everybody will accept it as a trade convenience. So if the people of America would refuse to put their stamp of approval upon money, nobody would accept it for their products or labor and it would be like so much rubbish. It would have no purchasing power. Now, if the people are backing the money to be used as a trade convenience for the benefit of everybody, what is the sense of |