: Cont. Part VIII.

: Cont. Another of Gesell's experiments occured in the year 1932
: in a town called Worgel in the Austriam Tyrol. Conditions
: were at the time deplorable,-(which indicates how bad
: things must get before individual initiative begins to
: assert itself;)-the town's Mayor was a supporter of the
: Gesell School of Economics,-who believed the towns economic
: problems could be solved if the townspeople would agree to
: a financial experiment on Gesellian lines.

: Accordingly on HUly 5th. 1932, he submitted am Emergency

: Recovery Plan to the Relief Committee proposing "to
: substitute for the national money within the community, a
: medium of exchange which because of its nature was bound to
: remain a medium of exchange & alleviate want, give work
: & bread" the plan was accepted.

: The relief money paid each month by the Austrian Government
: was then deposited on Savings Acccount in the local bank.
: In its place, yellow, blue & red sork certificates were
: issued in denominations of one, five & ten schillings.

: The townspeople were asked to buy these Work Certificates from
: the Relief Committee' & to make all payments within the
: community with them, excepting the Post Office &
: Railways.

: These work Certificates became valid at full face value. To
: enable purchases outside the Town, , it was possible to to
: exchange them for legal tender at a 2 percent discount.

: The tax of 1 percent per month, discouraged needless
: conversion into legal tender, was used to provide relief
: for invalids & the aged.

: Work Certificates met with immediate & extraordinary
: success. the first wage payment made by the council in work
: Certificates was back in the Treasury within a week. with
: this money, the Council paid its own local debts. Soon the
: Work Certificates were back again.

: Beginning with an issue of 1,80 Schillings, the work
: Certificates circulated from the Town Treasury to the
: workers, from the workers to the merchants, from tenents to
: landlord, from savers to the savings bank & back into
: circulation again.

: Using the payments of back taxes, relief money from the
: Government, & the proceeds of demurriage tax, the Mayor
: of Worgel embasrked on a Public work Program.

: Thirty thousand schillings were on road improvements between
: July 11th. & Oct. 29th. 1932. Forty thousand schillings
: were spent in the mainenance & extension of city
: streets. A concrete bridge was built. /Street lights were
: installed. Unemployment was abolished. Allmthese
: enterprises were carried out with work certificates with a
: circulation which never exceeded 12,000 schillings.

: But as stated earlier, financial authorities were opposed to
: this, as no interest payments were made, & it was
: closed down, to make the story short, with a return to
: poverty for all was decreed. In case something like this
: mught be needed soon, it is offered as way out. amen.

: tau

Conclude. Part IX,---With the coming Paralysis talked about, being part of the Trubulations for those left not taken up,-it seems to me to be of utmost necessity to "Store up Treasures on Earth, such as food stuffs & barterable coins of non perishable- value (when barter is not acceptible,)-in order to not need to come "Down off one's Roof Top," allegorically spoken of in The Revelation's of one of the Saint's John's, & appear not to be too well fed.

It seems to me that all will be once again on their own, without the comfort of the Catacombs this time, that one was offered salvation in once before, as the new Roman Empire takes shape.

tau