Nequa; or, The Problem of the Ages

by Alcanoan O. Grigsby; Mary P. Lowe

"Then," said Norrena, "let them continue to think and they cannot fail in due time to find out just what is the matter."

"Oh, many of them have found that out," I said, "and realize that they are impoverished by the exorbitant profits on investments which go to the wealthy classes."

"Then, indeed," said Norrena, "the day of their deliverance is drawing near. They have already learned that it is the profit system that is pauperizing them. If they continue to think, they cannot fail to learn that the profit system could not continue without their constant support. That when they withdraw their patronage from profit-mongers, the profit system will disappear. If I read your literature correctly, your people are very near the hour of their deliverance."

"They may," I said, "be driven to the violent overthrow of the present system, but I do not see how they can speedily break their bonds in any other manner."

"They can do it," said Norrena, "by the exercise of the same spirit of manly independence, intelligently directed, that they now exercise in their worse than useless strikes. You have the competitive system which is self-destructive and hence weak. Your producing classes can organize as consumers and take advantage of the sharp competition between dealers to sell goods, and by a wise use of their combined power to purchase, introduce an equitable system of exchange."

"What is that?" I asked. "Would they expect any such sweeping results from selling their trade to the firm that would give them the largest rebate on prices? Would not the tendency of such a movement be, to still further curtail the demand for labor, by depressing the the price of products?"

"Yes," said Norrena, "such a system of selling their custom for a rebate, would have just such an effect. But you lose sight of the fact, that wholesale dealers are competing with each other for an opportunity to sell goods. They sell to retail dealers who can find customers for their goods. Organize your ability to purchase, select a competent business agent, and go into business for yourselves, and be sure not to undersell other dealers. Your exchange will have a decided advantage over every other dealer, because your trade will be organized and your sales will be certain. The wholesaler will be quick to see this, and will be anxious to get your trade, as his pay will be certain."

"But," I said, "where would be the inducement for the people to organize their trade, with the certainty that they would pay just as much for the goods as they did before?"

"The same inducement," said Norrena, "that people under the money system have for depositing their earnings in savings banks. Every time they purchase an article in their own exchange they are making a deposit to their own credit, where it will do them the most good in times of disaster. The profits will belong to the organized customers, and by leaving them in the exchange they will accumulate a sample stock of goods already paid for, from which any order can be filled. After such a stock of goods is secured, they might at regular intervals declare a dividend to the organized customers, leaving a percentage on deposit with the exchange to be used to educate the people into a comprehensive understanding of business methods and for the creation of a fund to purchase land and give employment to their members, in order to eliminate rent on land and save the profits on production."

"But," I said, "I do not clearly see how starting stores and saving retail profits would enable the people to escape the demands of interest and rent."