272 
Annual Report of the 
make a mistake; for you clo better on your farms than you could 
with the value of your farms loaned as capital at ten per cent. If 
you do not believe so, your proper remedy is to turn the farm into 
money and loan the money at ten per cent. That is your true re¬ 
dress and that you do not do this, shows that you do not believe in 
the theory which you here advocate. If you believe that you would 
be better off loaning money at ten per cent, why do you not do it? 
If you had interest fixed- at five per cent, you could not secure 
money unless you should also make and enforce a law that money 
should not be loaned for more than this any wliere. And what is 
extortion if this is not? It is extortion, as truly as if you put a 
pistol to my head and said “Give me your money!” You say by 
such a rule “yield me your property for so much!” 
The flunctuation spoken of is in the price of paper and not in inter¬ 
est. We know that there is no price in Wisconsin more firm than 
the price of money. There is nothing more sure than what you 
must pay for it. 
The gentlemen says many people are out of work. Certainly 
they are; but it is because of the fluctuation engendered by paper 
money. We cannot secure permanent industries until we have a 
permanent measure of values. 
Mr. Anderson. The reason of the stagnation of business is be¬ 
cause of contraction and not expansion. 
Mr. Dwight. I never knew any member of the Dwight family 
who was a farmer but myself. I am not a poor man at all, yet all 
my family relations have done better than I have in the world. I 
have always paid as I went and I have made something it is true, 
but I have not made anything like the amount of property my 
brothers have and some of them certainly not of greater natural 
ability than n^self. My brothers spend more in gew gaws in a 
year than I spend in thirty years, and yet one of them is worth half 
a million, living in a city, and he made it loaning money. My chil¬ 
dren all want to come to the University to get an education, because 
they see the poor man has no power in the land and an educated 
man is a power in the land, and that is the reason why so many 
}mung people want to leave the firm and go to the cities. 
Mr. J. G. Hull, of Jefferson, offered the following resolution on 
the subject of interest, which, after some discussion was adopted: 
