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The Guernsey Market House Plan of Payments (Classic Reprint)

The Guernsey Market House Plan of Payments (Classic Reprint)

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Excerpt from The Guernsey Market House Plan of Payments

There have been three great economic epochs among civilized mankind - the slavery of the ancient regimes - the serfdom of the feudal centuries - and the existing merciless strife for commercial supremacy by means of competition and the exploitation of labor by means of incorporated companies, syndicates and trusts, which, by means of special legislation, confiscate products and seize public revenues for their own private greed.

The question is, What is the remedy for this state of things? The answer is this - the producer can never be free to enjoy what he produces before his cities, his states and his nation become his bankers and his employers. There can never be freedom of opinion and a highly developed individuality by a person who is employed by other persons, be these persons incorporated or otherwise; therefore, every person must be guaranteed occupation by his or her own agent - by his, or her city, or state, or nation. There can be no middle course if equities in employment are to be attained.

It is an axiom as old as recorded history that "the borrower is a slave to the lender," therefore a citizen must not be beholden to another citizen, associated or single, for money; but must through his, or her own agent - through his, or her own city, or state, or nation - be paid for what he, or she does - for what he or she has to sell.

Again, there cannot be wealth without labor - all debts, home and foreign, are paid with labor services, or labor products. Governments stand firm, or totter exactly in the proportion that labor is protected and advanced, or as labor is discouraged and demoralized. Money has no value except that given it by labor; it follows therefore that there cannot be strong government, or "honest money" without labor - that there cannot be comforts, luxuries, or security for life or property without there is labor; hence, it is the part of wisdom to encourage and foster and diversify and perfect labor in every way possible - for general prosperity is only possible when there is general employments given to every willing arm and brain in the nation. Therefore, the motto above all others, just now, should be "put the people to work" by means of their own agents - by and in and for their own cities, states, and nation which, in their own respective names, will issue a home money based upon home works of public necessity to employ the home people at home.

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