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The advocate. (Topeka, Kan.) 1894-1897, November 28, 1894, Image 5

Image and text provided by Kansas State Historical Society; Topeka, KS

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85032018/1894-11-28/ed-1/seq-5/

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trusts would disappear under free
trade. Are these conclusions war
ranted? Is it a fact that the organi
zation and perpetuity of trusts de
pend upon any special system of tax
ationf Or, is it not rather true that
other conditions render these evils
posible and that a change of these
conditions is essential to their over
throw? A change in the system o
taxation alone will be insufficient
Free trade will not accomplish their
destruction. Already one of these
great monopolies has extended its
grap beyond the boundaries of the
United States. The Standard Oil
company to day practically controls
the entire oil product of the world.
It his no competition upon the globe
worth mentioning. Establish free
trad- and open other branches of ex
isting monopolistic traffio to the com
petition of the world, and how loog
would it be until interested capital
ists in this aid other countries would
effect a combination world-wide in
its scope? Tne single-tax could not
prevent it, nor is there anything
about it that would discourage such
a combination. Oar single-tax
friends assume too much in this re
epect. Their position is untenable
and can not be granted.
Bit tare is a fatal admission from
Mr. Wakefield:
Under the Bingle-tax the oil trust, lumber,
ooal, iron, otpper, laad and all other trusts
that now corner natural produota, would be
taxed the full value of the product, (italics
mine) above the ourreot rates of interest
on their capital invested in miohiaery, etc,
and aotual wages paid, with reasonable
wages for superintendence; for tneBeare
all trusts founded on a monopoly of land
values, or land value produots.
How can this be? The single tax
platform declares that all taxes should
be levied "upon land values irrespea
tive of improvements" and that "all
forms of direct and indirect taxation
should be abolished.?' How, then,
can taxatioi be extended to the full
value of the product of any trust or
combine, with the exceptions named
bv Mr. Wakeheld, and still be a
"single tax upon land values?" Fur
ther: How can Mr. Wakefield claim
that any tax whatever upon produots,
or the value of produots, will not be
shifted to the consumer of those
products" It seems to me our
friend has surrendered, in the above
quotation, two of the fundamental
doctrines of the single tax advocates.
Finally, after enuuurating some
ofthestepsby which he expects to
reach the millennium, Mr. Wakefield
You, on the other hand, seem to have
been captivated by Bellamy's Utopian fairy
dream and expert to reach the imaginary
millinniutn by a "be it enacted" of con
gressmen wbu have attained their plaoes
through either fraud, cunning, treachery or
gall, and to set aaidi at one fell swoop
every law of nature and of human nature
as well a3 all laars of progress and develop
ment. What warrant has my friend for
this unfair and uagenerous state
ment? I have said that I believes
complete revolution in our social,
industrial and governmental systems
is necessary to remdy the evils of
the day. Mr. Wakrfield practically
8grees that such a revolution is es
sential and hold the single-tax to be
the most important etsp towards it3
accomplishment Hive I anywhere
indicated that it is to be attained at
a single bound? Havel mentioned
anywhere any steps that I would pro
pose for its attainment? Are my
views upon these matters the pres
ent sublet of discussion? Suppose
that I hold to all the fairy visions
with whioh he is pleased to credit
me, what has that to do with the
subject under discussion? It is the
merit of the single tax and not my
visionary views that I supposed to be
under consideration at this time.
But my friend runs into still an
other inconsistency here. He says I
"expect to reach the imaginary mil
lennium by a (oe it enacted' of con
gressmenwho have attained their
places through either fraud, can
ning, treachery or gall." Permit me
to ask by what kin 1 of hocus pocus
or magic he expects to reach his mil
lennium? Does ha expect his single
tax adopted and put in practice by a
dispensation of Providence? Car
taimynecan noi expect congress
men "who have attained their places
by fraud, cunning,treachery or gall,"
to adopt the single tax by a "be it
enacted." That would be presuming
too much; or if not, why might not
I presume upon the adoption of some
other step by a "be it enacted?" Have
the single-taxers such exclusive con
trol of the warring elements of fraud,
canning, treacnery ana g&ir as to
turn them all to account in the adop
tion of the single tax, while they are
deaf to all appeals in behalf of any
other project? Why not aim to be
reasonably consistent?
Eoitob Advooati: The kind or cur
rency that we are to usa is a question that
is to the fore now. and must soon be set
tled. National bank notes will not answer,
for the reason that the policy of keeping
this nation in debt perpetually for their
benefit is too absurd to be entertained for
any length of time by a sensible people.
The plan, or rather eoheme, of the bankers
atBiltimore, while it may suit the bankers,
will not suit the people.
I hereby submit the following outline for
a United S -ates ourrenoy, viz. : An iasus by
tne United states government or paper
money in convenient denominations, and
in sufficient volume to transact all busi
ness. Siid money to be a legal tender for
all debts publio and private, and to be in
terchangeable for gold or silver bullion (at
the option of the government) at its mar
ket value. Suoh a ourrenoy would be aooep
table to the people, by reason of its oon-
venienoe and for the reason that whenever
they desired gold or silver they could ex
change this money for it. It would supply
the demandi of foreign trade.the balanoe of
which is now and always has been settled
in gold or silver at its bullion value. Bul
lion can be kept at convenient points for
this purpose, and most likely when foreign
merohants find that this ourrenoy can al
ways be exohanged for bullion they will ao-
oept the ourrenoy; if not, ship them the
bullion. The expense of coinage will be
saved- a market established for th gold
and eilver produced in the United States,
which instead of being lost in the per
formance of functions that a pieoe of paper
will do as well or better, will become a
part of our resources. If any person de
sires to hoardhe can hoard bullion, wbioh
will not iijure anyone by taking money
out of circulation. The baying and selling
of both gold and silver at its market value
would give no unfair advantaje to the pro
ducer, either. And last but not least, this
plan would taka the money of the people
beyond tha reaoh and control of Individ
cxl iarrirsliti3x No raaa, oz let of nan,
will ever be unselfish to a dagre that they
eas be safely entrusted with the control of
the currency of a nation. It is a preroga
tive of the people who are the government
and if they would be happy and prosper
ous, they must ever exercise it. It seems
to me there oan be no objections (at least,
none which oan notbe easily and satisfacto
rily answered) to the plan above outlined,
when perfected as it is capable of being
perfected and it has the advantage of hav
ing as small a percentage of "fiat" in its
eompsitionaa any money system oan have.
Respectfully, J. G. Smith.
La Cbossi, Kax., Nov. 19, 1891.
It will require no extended com
ment to show the defects of the plan
above proposed. In the first place
it rests upon the assumption that
there must be a basis for money aside
from law. There is no philosophy in
such assumption. There can be no
reason given why any form of cur
rency provided by the government
possessing the function of money
should be made exchangeable by law
for anything else that is to serve the
purposes of money. That is one of
the chief defects of our financial sys
tem to-day, and one that has ren
dered possible the plunder of the
people during the past thirty years.
Every dollar that is permitted to cir
culate as money should be made by
law equal in purchasing and debt
paying power to every other dollar
without regard to the material of
which it is composed. In short,
every dollar should be an absolute
dollar, instead of the promise to pay
a dollar.
Our correspondent speaks of the
necessity of bullion to pay balances
of trade. What have the government
or the masses of the people to do with
the settlement of balances of trade?
These are individual matters purely
and in no way concern .the govern
ment. If American merohants pur
chase goods in foreign markets in ex
cess of goods they sell in exchange,
that is their affair. Let them man
age it as they can. It is certainly no
part of the duty of government to
to make the currency of the country
to conform to their individual con
venience, especially when by so doing
our financial system must be made
an instrument to enable Wall street
pirates to prey upon the people of
the whole country.
People who growled all through Octo
ber about the daily papers being filled
with campaign stuff are now wrestling
with a daily jag of football news.
Statuea cf Daniel Webster and Gen
eral Stark ara soon to be placed in the
national senate chamber. That will
necessitate setting apart a day for ora
tions when everybody bat the orators
will go a fiihing, and the speeches will
be printed at government expense.
Governor Pennoyer's (of Oregon)
Than kr giving proclamation li aa fol
lows: "I hereby appoint the last Thurs
day of the month of November a
Thanksgiving holiday. 'In the day of
prosperity be joyful, but in the day of
adversity consider. EaclesiAstas vii:
The Kansas City Journal says: "The
bandit leaders of the Indian territory
are meetly named "Bill." There ware
Dill D Alton, Bill Starr, Bill Doolan, and
cow thtre ara Bill Cxk and
Bill, and we are begianlng to S29 ess
atonal references to Severalty Elll"
Does not the robber MeKinly bill ci ii
somi work in Oklahoma?
General W. H. Gibson, one cf Ohb'j
favori te sons, died at his home in TiGa
November 22. He was one of the c:ecS
eloquent orators of his generation, esi
waa a power on the rostrum during tlo
war, and for many years afterward. Es
was colonel of the Forty-ninth O. V. L
and for one term stats treasurer of Ohio.
Fort Arthur, th stronghold of tha
Chinese coast, has bean taken by the
Japanese, and China is now ready to
give up the fight and "settle." A late
cable dispatch says an English and Ger
man syndicate has offered to furnish the
gold for the settlement at 4 per cent.
The reader who has heretofore won
dered what the war waa about will be
enlightened by this oable dispatch.
The trouble over the election of ecu
greesmen in the Tenth Georgia district
has baen settled. J. 0. 0. Black, the
incumbent, who received a majority of
7,000 on the face the of returns, in reply
to Tom Watson's offer to arbitrate, pro
posed to submit the matter to a second
eleotion next year. Wataon has signified
hie acceptance of the proposition. Blaci
will take hie commission, but will reaiga
on the 4th of Maroh.
Hoke Smith's latest soheme is to soil
the Indian lands, which are soon to be
opened, to the highest bidders. If then
is any plan more unfair than givlsj
the lands to the swiftest runner it to
eelling them to the man with the meet
ready oaah. It the lands are cf any
value, what a picnic the eastern land
syndicates would have under that plan.
Bat where would the man be whose cap
ital consists of a team of mules and a
large family ?
The grand jury of Lemmon coucty,
Txas, has gone after big flab, and at th3
instance of Attorney General (Governor
elect) Calbcrson, has indicted the head
officers of the Standard Oil trust for
conspiring to control the price of oil.
Among them are John D. Rookefalbr,
Henry M. Fiagler, William R wkefallar,
John D. Archibald, Berjamin Brewster,
Henry H. Rigers, Wesley H. Tilford,
Henry Cloy Erie, Arther M. Finley, G
M. Adams, J. P. Cruet and E. Weill
Governor Hogg has indicated his pur
pose to issue requisitions on the gover
nor ef New York for the indicted men.
Ohio Populists Gained.
The official table of the vote cast in
Ohio Tuesday, November 6, gives Tay
lor (rep) for secretary of state, 413.833;
Turner (dem ), 27G.9S2; MoCaalin (pro.),
23,506; Martin (pop.), 49.181; making the
republican plurality 137.036.
The total vote of the state was 1C,QI
a decrease cf 71,554 compared with tin
number cast for McKinley and Neal in
the gubernational election of 1893. The
combined vote caat for the republican
and democratic candidates on the same
comparison shows a falling off of 91,633
the former party losing 19,331 and tfcs
democratic 75,305. The prohibition vets
is 1,120 in exceai of that cast for tia
party in 1893, and the Pjpuliata gtia -
Every farmer Needs Both.
We can famish the Kansas Fcnrr?
and the Advocate until January 12". 2,
a year and two months, for $1.50. Wlit
more do you want.
Don't fail to look over our book II. i
under the head of premiumx. Oz?
books are few but they ara the be.-.?.
Casrofcta poire, tar edscstbsal purpcxa. ;

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