# Oliver Spence/Chapter 7

CHAPTER VII.
FREE LAND CHEAP MONEY, AND "CONFISCATION."
Oliver returned to Sydney, the undisputed and supreme ruler of all Australia. The people regarded him a a hero, and he was treated as one. Vast triumphal arches covered with laudatory mottos and inscriptions of welcome decorated the principal streets. Everyone smiled on him, everyone rushed to shake him by the hand. It was even proposed to offer him a throne and crown him king of Australia. But for such gee-gaws Oliver had no mind, and so in no unhesitating fashion, he informed his admirers. Until the expiration of his term of office he was the uncrowned "Tsar of all the Australia," and with that dignity he would rest content until the time came for him to resign his office into the hands of those who had elected him.
His sweetheart Mary was the first to meet him when he set foot in Sydney. When she saw him, the tears in her eyes seemed to vanish and to be replaced with a smile like a sunbeam. Her lover, her hero, her god, was back in Sydney again, safe and sound, with the old winning smile, the old manly bearing, free to stroll with her, to talk with her. Her happiness was ecstatic, she walked on air, feeling so elastic, so buoyant, as she walked by his side that she half-wondered why she did not fly off with him into cloudland, there to wander until they reached the realms of the blest.
Oliver, too, was happy in the company of his comrade-sweetheart, and was busy considering how, when, and where their marriage should take place, for needless to say he had long ago "popped the question," and had received her consent, but he was compelled to leave the problem unsolved for the time, and to give his attention to weighty matters of State.
The Convention had appointed for Spence's assistance and guidance a Board of Advice, consisting of forty trusted and tried members of the Brotherhood of the Poor, and after consulting with them, he determined to issue a proclamation declaring that in future all unoccupied and unused land should be treated as unowned, and the first-comer be lawfully entitled to take possession of it. This proclamation at once swept away the monopolists, who for speculative purposes, had "locked-up" some of the richest land in Australia, and it threw open to the people an immense quantity of "free land."
His next step was the creation of a National Bank of Issue, such a bank having been imperatively necessary, even before the collapse of the private banks. The syndicates had introduced the system of farming upon a large scale, with all kinds of elaborate and expensive machinery, driven by steam, compressed air, or electricity. The consequence was that the agricultural population had become so accustomed to these large farms, which by their competition had reduced most of the farmers to the position ​of hired labourers for the syndicates, that it appeared to most of them impossible to farm successfully upon a small scale. Such of them as were inclined to try, however, were at once advanced in the notes of the National Bank, sufficient sums of money at very low rates of interest, to enable them to earn their living from Mother Earth without crowding into the already over-populated cities. Others were encouraged by the same means to form co-operative agricultural companies; and the rest of them, those who appeared to require some person or persons whom they might look upon as employers, were placed upon huge State farms, where they were employed under the direction of competent State officials.
In the meantime it became quite evident to the Dictator that to successfully carry on a National Bank at such a time of popular disturbance as that following a terrible civil war, required a very considerable gold basis for the Bank's note issue. To secure this gold basis, he, therefore, took possession of the whole of the coin and bullion remaining in the vaults of the Federal Money Stronghold. This amounted to several hundred millions sterling, for although some members of the ring—forseeing the triumph of the Revolutionists—had escaped from Australia in their private yachts, most of the financiers had remained, and believing that their army would overthrow the Revolutionists, had lodged their valuables for safety in the Money Stronghold.
There were, of course, a few men who still had sufficient hardihood to shriek "confiscation" and "robbery" at the Dictator's action, but he heeded them not, for he did not forget that the reason why the Paris Commune of 1871 was overthrown was that the Commune refused to touch the money in the Banks of Paris, and was thus bereft of the most necessary "sinews of war." The Dictator also called to mind the frightful vengeance of the plutocratic conquerors of the Commune, and he resolved to put it out of the power of the financiers to accomplish in Australia such a hideous butchery as their class had perpetrated in France.
To meet the necessary expenses of Government the Dictator imposed a tax upon land values, which was heavy where the demand for certain land was great, and light where the demand was small, thus the most productive or otherwise most desirable land 1aid the heaviest tax, which, however, was not oppressively felt, as the amount required for the cost of maintaining what was decidedly the least expensive Government ever seen in Australia was very small.
The Dictator crowned his acts of "confiscation" by declaring private property in land a crime against the people of Australia. All land should in future, he proclaimed, be leased from the State, and should return to the State at the death of the leaseholder. The leaseholder, could, however, possess property in his own improvements, which he might dispose of, as it pleased him. It was also proclaimed that every man of the age of 21 or over should be entitled to lease land from the State free of all charges, except the ordinary tax on land values. To encourage young men to marry and make a home, a loan from the funds of the National Bank of Issue was made to every young married man leasing a homestead.