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 Not only does the laborer find his efforts checked by the almost unsurmountable monopoly which the creation of property has put in his way but even when he has passed that barrier, when he has succeeded in satisfying the demands of the proprietor, by agreeing to work for the latter’s profit, he instantly confronts a new obstacle. He dare not exchange his product with the product of another, without first paying toll to privilege. There is only one medium of exchange which he is permitted to use, and that is scarce and difficult of acquirement, besides which he cannot borrow it without returning increase upon it as recompense for its use. But as this monopolized money—this gold—has no inherent power of increase, and he cannot return more of it than he has borrowed, he is compelled to give up more of the products of his labor to satisfy the demands of those who lend him the legalized means of exchange. He may not know that a little bit of paper issued between himself and those with whom he exchanges would answer all the requirements of the case equally well, if not better, but those who rule him know it also, and as it is their function to protect the interests of property, and as property is the right to exploit labor, by the creation of monopoly, so the ruler steps between them and enacts a bit of human insolence called a law, which legalizes the monopolized means of exchange and prohibits the recognition of a more just one, and thus enables the monopolizers of the currency to extort an increase for a loan of the money, which to the borrower is worse than useless, but which he is compelled to employ. This increase for the use of money is called interest, or more correctly, usury. Of course, those who own the money, can buy the land; and those who own the land can often borrow the money and pay the increase out of the proceeds of the laborer; while the poor laborer himself, exploited by landlord and usurer, remains the slave to both of them, and provides all the nourishment for them as well as himself. The monetary possessions of Australasia are calculated to be £19,000,000—£13,000,000 of which are in gold, £1,000,000 in silver, and £5,000,000 in paper. The total banking power is estimated at £85,000,000. For the “use” of this, the bankers of Australasia draw dividends averaging 12%; or, in other words, they fleece the public out of about £10,000,000 per annum. Not only are the usurers enabled to extort increase upon the gold they put into circulation (and gold is the only legal tender), but they are actually empowered to take interest upon their paper issue, which is not money at all, but only a promise to pay money—a printed acknowledgement of a debt! J. Sandlant gives some very instructive particulars on this point; “A banker is allowed by the