IKK. BARRINGER AGAIN
WRITES ABOUT INTEREST
It will be recalled that the arrival of an article
/on "Interest As the Bete Noir of Industry” by
Mr. l’aul Barringer of Sanford as the editor be-'
/m an article a few months ago, entitled; ‘Lop
pine Off the Branches of a Noxious Plant Not;
Enough,” gave color in a measure to that article.,
\t tliB late date Mr. Barringer has written an
other article ably defending his position. Two
most serious assumptions on his part, however,
^‘ill |,e called to the attention of the reader in an
editorial. Look it up under the heading; The
Final State’s Voice Prophecy.
The Barringer Article
Dear Air. Peterson:
Your article, “Lopping off the Branches of the
Yoxious Plant Not Enough,” has so much in it
that is self-evident and with which I agree, that
I hardly know how to defend my position in
face of it. I recognize that an adequate quid pro
quo is fundamental and would solve all our
problems. As to how this is to be obtained until
the hearts of all men desire above all things to
follow the teachings of Christ, I do not grasp.
Wo agree thoroughly that nothing can be con
sumed that has not already been produced, and
I believe that we agree that were it possible to
como within a million years of an adequate quid
pro quo that the potential consuming power now
latent or rather suppressed would put every wheel
to turning in commerce and every plow to going
on the farm. My idea is to make it harder to get
something for nothing.
Eliminate interest and money bears its natural
and normal function, a measure of wealth, while
money or liquid credit now is the ultimate in
wealth in that in a troubled world it may run to
hiding on a moment’s notice and yet bear an in
come.
I believe that we both agree that great con
centrations of the ownership of credit is the prime
cause of the depression in the United States* as
we have now materials to satisfy almost any
want. 1 know that we agree that old age and disa
blity pensions are both proper and desirable and
that they should be paid from current produo
tion.
Frankly, I cannot conceive of the elimination
of profit from business or .work, for it is from
profit that wages and dividends are paid. As
stated in my former letter to you, I Relieve in
the Capitalistic system and I believe it' il theore
tically the best operated system of- production,
distribution and consumption of any I have stud
ied: however, the bamaeles should be removed
so it may move freely under its own power. I
do think that by removing interest and.fty a P*0”
per inheritance tax (which I will not discuss
here) the reasonable wants of everyone could
be supplied.
“The Starving Time and What Followed,” a
caption in an American History, made such at*
impression on my mind aa a boy that I inevitably
recall what happened to the Virginia Colony until
Captain John Smith scuttled their share-the
wealth plan and allowed each to produce fetr
himself.
it is beyond my conception to think, at a gov
ernment manipulated by super personalities:-so ail
"'ise and so all observant and so generous that
all wants are to be filled and all desires satisfied.
I still believe that there is as much greed per
capita in public officials as in the general public,
which being the case, all efforts should Be to
"ar(l restraining our individual greed, but at the
■ame time, we should recognize the trait in us and
try to direct it for the common good. We should
encourage wealth by creative production rather
than by getting wealth produced by others.
Interest is deflationary—That is a-fact that
should be driven home. Interest will deflate
an-v series of prices unless credit or money is
inflated faster than interest accrues. I believe that
one is safe in saying that out of the twelve, bibum
dollar interest bill that not more than four bill
10ns's br°ing for the purchase of services or .com
modities, while around eight billions is going to
mid up surplus credit. This, I believe, is because
t°ans arp maria M.rnina credit..
are made largely from surplus — --
recently I heard an interesting talk on our mu
Ua kinship when it was stated that in fifty-five
generations each individual had more than twenty
V* quadrillion ancestors, (Try your georaetri
progression on this). Interest works the same
'a/ OHly more so, asd to.aueh an extent, that
°!iowed it can easilybe seen why periodically
til,niUst have depressions while accumulated
s and interest ^re written off. (This will he
(Continual On-Pa^r®Su|)5 ^
AN INDEX OF THE MAJOR ARTICLES IN THE STATE’S
VOICE FROM JANUARY 15,1933 TO OCTOBER 1,1935.
INDEX, VOLUME I *
• .4, . . . . • ■ '■ . " r
In this the last number of the Voice as the State’s Voice, it seems advisable to print an
Index of the Major Articles published in its career of nearly three years. Several lib
raries are binding the volumes and I have reason to believe that some individuals have
kept, files. The articles are being listed by the Volume and Number of the paper. Addi
tional papers will be furnished the libraries and such, individuals as desire them. From
these extra papers the page of contents can be clipped and when cut into Volume sec
tions be pasted on the front cover boards. Individuals who have kept files but have
as yet not had them bound can bind the whole lot in one volume. In that case, the
Index should be pasted as a whole on the inside of the front cover board. ,
Another idea in mind in printing this index of the major articles is to show any sub
scribers who have not diligently read the Paper that they have had their moneys,
worth, whether they have utilized it or not.
In addition to the articles below listed, are hundreds of smaller editorial articles,
great masses of county, family, and personal sketches which will be of immense \aluo
as the years go by. The most of these are of editorial origin, but the contributions °f
sketches of leading early citizens of the’southeast section of the state by Claude H.
Moore, of Turkey, and the Pender County Reminiscences by Mr. Chas. H. Utley are
particularly valuable. Some of the county sketches, such as that of Moore, Chatham, !
or Duplin, are perhaps the fullest ever published. / ,
In fact, a hundred dollars would be a lowestimate of the value of a full set of the 65
papers a hundred years hence, I believe. .
VOLUME I
ECONOMIC ARTICLES
No. 2. SOME IGNORED ECONOMIC
PHINCIPLES;
No. 3. LAND! RETURNS TO PIONEER
STATUS.
Both Malthus and Henry George
Become Baek Numbers.
How to Restore to the Nation Its*
Reservoir of Credit.—E. W. Price.
No. 4, WANTED: A REVERSION TO
FIRST PRINCIPLES,
No. 5, Considering the Future of Agri
culture.
Are the Masses of Fanners Fac
ing the Status of Peasantry?
Answer: Unless the Vast Acre
age of Commercial Agriculturists
Be Limited.
(This was written during the first
week of the New-Deal Adminis
tration. That administration has
reduced the acreage of the grow
^ er of two or three acres of com
mercial crops.)
The Now Currency Weighed m
the Balance and Found Wanting
in Adequacy,
"Payable in Gold.*1
(Notice the Promptness of the
Responses to New-Deal Legisla
tion.)
No. 6. DEFLATION SHOULD BE UNI
VERSAL IN SCOPE.
- jj0. The “Revolution” in Process.
The Coat of Ignorance—-An In
dictment of Statesmen and Busi
ness Magnates,
Reaping Where On© Ha* Not
Sown.
No. 13. Babes Still Lost in the Woods.
No. 16. How Long Shall North Carolina
Permit a Caste System^
No. 17. a Maximum Limit of Income
Necessary*
No. 18. Economic Fundamentals Lie
Deep.
No 19 A Three-In-One Diagnosis of the
Country** IB* _
Consequences of Uneven Cowpem
s&tions.
No 21. Management Necessary What
ever the Money Material.
No. 22. How the Cheap Dollar Helped
Tobacco Growers.
Unjustified Comparisons of the
German ani other Inflatmn.
With the Inflation Necessary to
Restore Values in America.
No* 24- Comments on the New Era A
Borsung. , _,
ges»iey HlS^t »w*
(Continued op Page Five*
MISCfckLWVW&UUa AIV »1W4W
No. 1. “Ghost” Elliott; The Long-Straw
ed Pine; Wiregrass.
The Beginning of “Fusion.”
^ God or No God.
No. 3.” TWO ALLUSIONS DISCUSSED:
* a. The Generally Ascribed CHa-'
mour of the Old South,
b. The Economic Effects of th<l
Confederate War. Y,
No. 6. TWO OLD-TIME GOVERNORS.
No. 7. An Easter Mssage For Missouri
ans.
Moseying Among Memories.
No. 8. Meandering Among Words and
Way#, 1
No. 9. Perfecting Personal Philosophies*
No. 12. A Bravo Battle Against the Wolf.
No. IS Glimpsing the Activities of a Schol
ar.
The Plight of Professional People.
No. 14. Short-Comings in Teaching Eng
lish, Y Y
North Carolma Knows Hew Tej
J Stand Alone for Principle.
No. IS. The Significance of the Battle of
Moore’s Creek Bridge.
Life in Post-Bellum South.^
Numbers 15 to 23,..,. —1
No. 16. Paschal Doties Regulators W«to
Tories. jJ
Wootens Honor Ancestor.
No. I?, New Hanover and Pender Com* '
ties.
No, 18. Old Bluff Church Celebrates 175tK
Anniversary. * i
No. 20. History of Old Cashie Chareh.^-*
Judge Francis Winston. —-- -
No. 22. The Logical Basis of Sunday “Blu0
Laws.” ' i
VOLUME II I
Miscellaneous Articles ^ *
No. 1. Life in Post-Bellum South — Fod
der Pulling* with poem describ
ing an evening of '‘taking up and.
stacking** fodder. ('
No. 2. The Art of Being Happy.—A Ser-t
^ man by Rev. E. Norfleet Gardner*
Now 3. The Negro Race Rapidly Develop*
iug. > -
^ (What u rile Matter With Thig
Generation?.^ John A* McKay*
i . (CoBtluoed to 'Page'^troX .,