John Buchanan Robinson

The business of a bank is to lend money; which amounts, nowadays, to lending credit.

Modern money is almost altogether credit money.

Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.

But the egoist has no ideals, for the knowledge that his ideals are only his ideals, frees him from their domination. He acts for his own interest, not for the interest of ideals.

For each one of us stands alone in the midst of a universe.

The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest.

You are forever alone.

There is no other who experiences your thoughts or your feelings.

There is no word more generally misinterpreted than the word egoism, in its modern sense.

But egoism is more than this. It is the realization by the individual that he is above all institutions and all formulas; that they exist only so far as he chooses to make them his own by accepting them.

Sometimes, instead of purchasing a commodity out and out, people want to buy only the use of it, for a longer or shorter period. The price paid for such temporary use is commonly called hire.

Paper currency has hitherto been regarded with suspicion, as insecure.

In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.

When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.

It was the king's army, the king's people, the king's taxes; and he who questioned the propriety of the royal prerogative of taking from his people without return or accounting, was reckoned, and felt himself to be, a criminal, guilty of the highest crime of disloyalty.

The Massachusetts Land Bank, during Colonial times, prospered, and brought prosperity to the community, until it was forcibly suppressed by special act of Parliament.

Capital, however capital may be defined, would practically cease to exist as an income producing fund, for the simple reason that if money, wherewith to buy capital, could be obtained for one-half of one per cent, capital itself could command no higher price.

There is never enough gold to redeem all the currency in circulation.

In this way, the charge that the bank makes for the use of its notes - the interest - is a continual and universal tax upon all the members of the community.

Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest!