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Hi Wally,
That second version of that Douglas quotation, the
one I copied from the New Zealand Social Credit Association's
website, has the first principle phrased differently again from the
one found on page 79 of "The Douglas Manual". The latter
two principles are the same.
The one given there says "Warn Dem
34-35" below it. In the front of "The Douglas Manual" it lists
Warning Democracy as having been published by 'C. M. Grieve', not
'Stanley Nott'.
If there was a different publisher than
Grieve for either the first or second editions, that's probably the one where
the version I used would be found.
My copy of "The Douglas Manual" was printed
in 1934. So it must be in either the first or second editions of
Warning Democracy from which the New Zealanders drew that quote.
Unless there were changes again, in any further editions after the one you
have. If ever there were any more, that is. I've highlighted and
underlined the part that's different in the original message below.
Wonder why there was a return to the
original, shorter, "Swanwick" version in your 3rd edition? Bit
of a mystery. I'll post this to the list, too, in case anyone else can
shed a little light on it.
Best wishes,
Joe
----- Original Message -----
Sent: Monday, July 19, 2004 2:25 AM
Subject: Re: It's Not Interest, Jim:
Wally responds ~ (Additional Info)
Hi Joe!
I am interested in knowing what edition of
"Warning Democracy" you have. I have the 3rd edition of 1935 published
by Stanley Nott (London). The passage below appears on page 42 and
conforms exactly to the version you have in green below. This also
conforms to the version reprinted in "TSC" in 1988--which appears not to have
included several small passages found in my copy of "Warning Democracy"
including a paragraph of about 32 pages following the three
principles--beginning with the words, "I may conclude by a few remarks on the
position of the banks...." and ending on page 43 with the words, "...by the
fiat of the banking executive." I'd be grateful if you can shed any
light on this situation.
Best Wishes
Wally
----- Original Message -----
Sent: Sunday, July 18, 2004 5:47
PM
Subject: Re: It's Not Interest, Jim:
Wally responds ~ (Additional Info)
Jim, this is the later, more complete version
of Douglas's three principles as recorded on Page 34 of "Warning
Democracy" reading as follows: -
i. That the cash credits
of any country shall at any moment be equal to the collective
cash prices for consumable goods for sale in that country (irrespective of
the cost price of such goods), and such cash credits shall be cancelled or
depreciated only on the purchase or depreciation of goods for
consumption.
ii. That the credits required to finance production
shall be supplied not from savings but from new credits relative to
production, and shall be recalled only in the ratio of general depreciation
to general appreciation.
iii. That the distribution of cash credits
to individuals shall be progressively less dependent on employment, that is
to say that the dividend shall progressively displace wages and salaries as
production keeps increasing per man hour.
I gave you the earlier version in one of my previous
posts under the above title. Sorry about that.. That version, in
green, is reproduced below
Joe
:-
1. The
cash-credits of the population of any country shall at any moment be
collectively equal to the collective cash prices for consumable
goods for sale in that country, and such cash credits shall be cancelled
on purchase of goods for consumption.
2. That
the credits required to finance production shall be supplied, not from
savings, but be new credits relating to new
production.
3. That
the distribution of cash credits to individuals shall be progressively
less dependent upon employment. That is to say, that the dividend
shall progressively replace the wage and the salary. ~ Swanwick address,
1924
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Re: Warning Democr
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