The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-11

From the time of the Conqueror, the taxes
stany diminishing The people Of England constantly
resisted monied oppression in every FORM In that much
raduced hero Wat Tyler who brought the government
to stand rather than pay tax of shilling per head
until assassnated by the cowardly myrmdon of the has.
tars descendant observe the stern resistance
to taxation which afterwards burst forth in Boston. At
the end Of five hundred years. the taxes twenty-five
per cent Of those levied by the strong hand of the Con-
queror In 1906, at the revolution when the people of
England sent for German to rule them, the debt
commenced Mark its rapid progress. Two hundred
years have not elapsed and from has reached
fS00O000 This debt could not have been created and if
created could not have beenpad had the currency conn
Ut ID metallic. This led to inventionthat of the is
sres Of the Bank the capital of which part the debt
Soon after another species Of paper appearedhe Exche
uer Bills These emissions will be observed kept pace
with the increase of the debt and taxes They form the
dunn in which the taxes and the interest and
government expenses paid We have not included in the
table the country bank circulation, which in 1916 was
f22 co., that from 1916, about $50 years.
the debt increased fse4 .oOO and the paper money
fl5 the whole paper circulation in 1916 being
1854 The increase from 1891 to 1916 was f75
1864, without which the debt could not have been SO
rapidly extended and this increase Of paper money could
not have been brought about in that time Of war,
without suspension of the Bank, and to allow Of the
Bank in S22, it reduced f5s 85l From
1916 to this time he people of Engl,nd have paid
average O0O $25OOOoOoo per annum less than
half Of which went to the government and the ba
lance to the stockholders who have received 0O0
$3.50, 100000, per from their fellow citizens
This in lapse Of years. amounts to the in
credible 81 200 100000. If this had been paid
out of the kingdom would long since have perished
Its effect in the kingdom slower but the result is
produced Thae $50 600 persons stockholders who
receive the interest They hold f79O of sook the
value of which has increased from per cent in 1876 to
labor has declined in the proportion This
in the following figures
Price. Money raiue
1915 amount stock 49, 600 s. go
Increase in money value of stock e252, 9s7 2aO
The difference between the official value of exports
which is xcd and the declared value, which realgves
the comparative value of goods the product of la
Dor at the two periods, and is gs follows
Official Declared.
1916 .......... $50. f3i2o7,253 i5t9t2ls
1892. ......... ..... 9207,so8 i9,Gi0S96
lneres se -. 37,90o6i3 f'looS
me real value 1899, to give the same money value to
ao'r' should have been fIo2 showing depreci.
so u 17266S or sixty per cent. Why it, then, that
wealth. oil the monied class has increased in the same
proportion as the labor Of the working classes has de-
creased in money value The answer is simple All the
surplus of the latter hav been given to the former
rhe ability Of the few rich to consume goods has not in.
creased with their growing wealth. but the ability of the
aborers to consume has decreased Hence although the
supply o goods has increased the quantity consumed has