(7) It will be seen that the present monetary system, which by its disregard of
primary physical and ethical laws is inevitably destroying the civilisation into
which it has been introduced, requires rectification both in the material technique
and in the ethics which at present inspire and control this technique. It is
particularly in view of its devastating effects in the moral sphere that we have
ventured to refer to Ecclesiastical Authority, and to invoke the Churches to action.
(8) We therefore appeal to you in your position of great authority and influence to
proclaim the truth to the Nation on this subject and in the hope that you may see
fit to disseminate as widely as possible the text of this statement, whereby this
vitally important question may be brought to the light of day and earnestly
enquired into by the peoples of the British Commonwealth.
(9) We do so in all Christian fellow-feeling, knowing and honouring the efforts
you are making against the abuses of our present economic system and the evils
of usury, and believing that the world is now in the gravest crisis of its history.
The issue of new money by the money-lender is an unforeseen result of the
modern cheque as a substitute for national money _ a valuable invention which in
itself was undoubtedly social and benevolent in intention and effect. If the cheque
system were corrected, as it can be simply corrected, to restore to the nations their
rightful prerogative over the issue of money, there is every reason to retain it. We
fully appreciate the services which banking organisations have rendered and can
continue to render to the community. But the issue and destruction of money by
the money-lender is not a service, but a weapon which can be and has been unsed
to perpetuate poverty amidst abundance, which renders individuals and nations
powerless to protect themselves, and which may even be perverted to serve vast
designs for the complete subjugation of the human race to tyranny, exploitation
and the powers of darkness and evil.
NORMAN A. THOMPSON (A.M.I.E.E., Research Engineer, Inventor of the
Norman Thompson Flying Boat, 1914, and other developments in aviation and in
mechanical propulsion; Originator of this appeal)
FREDERICK SODDY (M.A., LL.D., F.R.S, Nobel Laureate in Chemistry,
1921; pioneer in the Economics of Wealth, author of Wealth, Virtual Wealth and
Debt (1926), Money versus Man (1931), Role of Money (1934))
J. CREAGH SCOTT (D.S.O., O.B.E., Lt. Col; Chairman, The Farmer's Action
Council; Advisory Chairman, The Service for Economic Action)
REGINALD ROWE (Kt., author of The Root of All Evil)
JOHN HARGRAVE (F.R.S.A.; inventor of the Hargrave Automatic Navigator
for Aircraft (1937); Economic Advisor to the Planning Commission of HM Govt.
of Alberta (1936-7); Founder and Leader of the Social Credit Party of GB)
WILFRID HILL (Industrialist, Birmingham and London; President, Comite
International de Echanges, Paris; Chairman, Econ. and Monetary Joint Council,
London; Anglo-American Comm. World Trade Alliance)
CHARLES TURNER (Mechanical and Mining Engineer; Knowles Gold
Medallist; inventor of the Oil-from-Coal Process and Plant)
ALLIOT VERDON-ROE (Kt., O.B.E., F.R.Ae.S., M.I.Ae.E.; Aviation Pioneer)
A. G. SEAMAN (M.I.E.E.; Inventor of Automatic Sorting of Heavy Goods) ---
(ed. note: Also signed by 24 other authors, MPs, economists, businessmen and
other notables of the day).
primary physical and ethical laws is inevitably destroying the civilisation into
which it has been introduced, requires rectification both in the material technique
and in the ethics which at present inspire and control this technique. It is
particularly in view of its devastating effects in the moral sphere that we have
ventured to refer to Ecclesiastical Authority, and to invoke the Churches to action.
(8) We therefore appeal to you in your position of great authority and influence to
proclaim the truth to the Nation on this subject and in the hope that you may see
fit to disseminate as widely as possible the text of this statement, whereby this
vitally important question may be brought to the light of day and earnestly
enquired into by the peoples of the British Commonwealth.
(9) We do so in all Christian fellow-feeling, knowing and honouring the efforts
you are making against the abuses of our present economic system and the evils
of usury, and believing that the world is now in the gravest crisis of its history.
The issue of new money by the money-lender is an unforeseen result of the
modern cheque as a substitute for national money _ a valuable invention which in
itself was undoubtedly social and benevolent in intention and effect. If the cheque
system were corrected, as it can be simply corrected, to restore to the nations their
rightful prerogative over the issue of money, there is every reason to retain it. We
fully appreciate the services which banking organisations have rendered and can
continue to render to the community. But the issue and destruction of money by
the money-lender is not a service, but a weapon which can be and has been unsed
to perpetuate poverty amidst abundance, which renders individuals and nations
powerless to protect themselves, and which may even be perverted to serve vast
designs for the complete subjugation of the human race to tyranny, exploitation
and the powers of darkness and evil.
NORMAN A. THOMPSON (A.M.I.E.E., Research Engineer, Inventor of the
Norman Thompson Flying Boat, 1914, and other developments in aviation and in
mechanical propulsion; Originator of this appeal)
1921; pioneer in the Economics of Wealth, author of Wealth, Virtual Wealth and
Debt (1926), Money versus Man (1931), Role of Money (1934))
J. CREAGH SCOTT (D.S.O., O.B.E., Lt. Col; Chairman, The Farmer's Action
Council; Advisory Chairman, The Service for Economic Action)
REGINALD ROWE (Kt., author of The Root of All Evil)
JOHN HARGRAVE (F.R.S.A.; inventor of the Hargrave Automatic Navigator
for Aircraft (1937); Economic Advisor to the Planning Commission of HM Govt.
of Alberta (1936-7); Founder and Leader of the Social Credit Party of GB)
WILFRID HILL (Industrialist, Birmingham and London; President, Comite
International de Echanges, Paris; Chairman, Econ. and Monetary Joint Council,
London; Anglo-American Comm. World Trade Alliance)
CHARLES TURNER (Mechanical and Mining Engineer; Knowles Gold
Medallist; inventor of the Oil-from-Coal Process and Plant)
ALLIOT VERDON-ROE (Kt., O.B.E., F.R.Ae.S., M.I.Ae.E.; Aviation Pioneer)
A. G. SEAMAN (M.I.E.E.; Inventor of Automatic Sorting of Heavy Goods) ---
(ed. note: Also signed by 24 other authors, MPs, economists, businessmen and
other notables of the day).
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