A Back Town Heard From. [Liberty, August 13, 1887.] The Winsted Press makes a long leader to ridicule the Anarchists for favoring private enterprise in the letter-carrying business. It grounds its ridicule on two claims,—first, that private enterprise would charge high rates of postage, and, second, that it would not furnish transportation to out-of-the-way points. An indisputable fact has frequently been cited in Liberty which instantly and utterly overthrows both of these claims. Its frequent citation, however, has had no effect upon the believers in a government postal monopoly. I do not expect another repetition to produce any effect upon the Winsted Press; still I shall try it.(33 ¶ 1)...
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.)