These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal A Loan is a Service On the one hand, it is very true, as you have unquestionably established, that a loan is a service. And as every service has a value, and, in consequence, is entitled by its nature to a reward, it follows that a loan ought to have its price, or, to use the technical phrase, ought to bear interest. But it is also true, and this truth is consistent with the preceding one, that he who tends, under the ordinary conditions of the professional lender, does not deprive himself, as you phrase it, of the capital which be lends. He lends it, on the contrary, precisely bec... (From : Anarchy Archives.)
A few weeks ago Society was shocked and astonished at the revelations which were made concerning the wages paid to the girls of Bryant and May's factory at Bow. The shock was intensified by the fact that three Members of Parliament and fifty-five clergymen of the Church of England were shareholders of the company and received last year a dividend of 23 percent, whilst the wages of the adult women employed in the factory averaged (according to the statement of the secretary) 11s. 2d., and those of the girls from 3s. to 9s. a week. The average wage was little enough, but human beings cannot live on averages, and many young women with families to support were carrying home 6s. and 7b. 6d. at the end of a week during which they had tolled from ... (From : AnarchyArchives.)