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Annual Report of the 
ey is the money lender, and yet he don’t produce one dollar of 
wealth. 
Mr. Mokrow, About how much money do you suppose the aver¬ 
age young man you are speaking of would have made lending 
money if he had commenced and made that his business? 
Mr. Anderson. Say two young men, at twenty-one, were at 
work and they earned a dollar a day above expenses—earned three 
hundred dollars a year—and one of them put out that money at 
interest every six months, and added interest to interest. At the 
end of sixty years, the 3 r oung man who put out his money at in¬ 
terest, at ten per cent., would he worth over $300,000, while the 
other would not be worth comparatively anything, if engaged in 
any avocation of industry. Or, let one } T oung man put his money 
into a farm and the other put his money out at interest, and the 
one who loans his money will be a millionaire, while the other will 
be worth only a small farm, or something of that kind. The truth 
is, that had there been one dollar put out at interest at the time 
America was discovered, at the present time there would not be 
money enough in the world to pay the interest. So long as we live 
as we do, we must live in an inferior position to those who receive 
from ten to fifteen per cent., and just as long as we permit ourselves 
to be robbed in this way, so long will we be poor and miserable. 
Colonel Warner. I suspect my friend Anderson has been dis¬ 
cussing the next paper that will be read b} r Secretary Field, rather 
than the one that has been read. I enjoyed the paper of Mr. Smith 
and Mr. Morrow’s ideas concerning it. I should like to be near 
him and get some of his enthusiasm. One remark made by Presi¬ 
dent Bascom this forenoon I liked. He says that “ a farmer’s 
arithmetic is different from a mechanic’s.” He says that u he is to 
look more for the remote results.” He said that he owned a farm, 
and once undertook to run it on business principles by hired help, 
but it was a failure; and I am glad of it. You see men investing 
money in a farm, and proposing to make it pay ten per cent., 
they fail every time. Not the first man has ever succeeded who 
undertook to farm it in that way. On the other hand, we have in 
Dane county plenty of men who are a success, and they have their 
bread, butter and meat, and those are important things to have. 
They have enough to pay their taxes, and are on the square with 
everybody. They are at home and their own masters, and that is 
