The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-06-06
in wealth just in the ratio that the
country is being impoverished. bit

IN wealth. just IN tine TaIlO tuaI tno
country is being impoverished, bit
terly oppose an income-taX law.
They are the only class that receive
incomes above current expenses, and
their policy is to shirk from all taxa
ton, and compel idle labor, and the
crippled industries to bear all the
burdens of supporting a government
that rObs them, and to contribute
every farthing of interest due the
bondholder.
The National banking act author
ICES the banking associations to make
dividends every six months il they
so desire. but before doing so they
are required to set aside one-tenth OF
their earnings as surplus. In his re-
port 1877. the Comptroller Of the Cur
rency states that the National banks
now have a surplus of $166.0O0.OOO.
This surplus is one-tenth of their net
profits during the last ten years,
which shows their entire net profits
to be 81 100000 900. or nearly the
entire amount of onr public bonded
debt.
One thousand six hundred and sixty
millions of dollars. clean, net profits.
over and above all expenses. rents.
salaries. and losses in ten years. The
entire capital invested in banking is
about $400, 100000, on which an an
nual net profit of over 40 per cent has
been realized during the last ten
years. while the business and indus
tries of the country have been totter-
ing, whitening, and falling like trees
before tornado.
Where do they get this vast in
crease!
Who pays it! Who earns itl
No other occupation or business in
all the country that yields such an
income. In fact. all the business of
the country combined. with invest
ments of billions of dollars, do not
pay one-half this amount of profit.
And while this banking institution
of robbery is I. creature of the law.
sustained and protected by the gov
eminent. which clothes it with the
legal authority to extract from labor
and production all their surplus earn
ings. it refuses to be taxed, or to
contribute one penny towards sup
porting the government, but insists
that those who are robbed. spall pay
the expenses of supporting the rob-
Der and if the victim has no property
to be taxed. ''d--n him, tax his appe-
tite," tax his pipe and tobacco, and
if he breathes, and the sunshine that
gives him light. The most humiliat-
ing feature of all this is the fact that
the great bulk of banking capital is
owned by English capitalists. Eng
lish capital controls not only our
banking institutions, but our rail.
roads.
This English capital makes the price
of corn in Illinois, then transports it
over its own railways to the seaboard,
and in it's own shops to Liverpool
where it is supplied to cheap labor, at
prices less than it can be raised on
British soil.
We must unmake this giant monop
oily.
We must abolish the National
Banking system.
| We must drive this huge vampire
out of the land or IT WILL DE
YOUR Us
| We can and MUST save this $3.50,
| 600. 900 of annual taxation.
We must forget all minor issues
and considerations, and unite to over
throw and exterminate this foe Of
liberty, this blight Oh prosperity. thi:
Upas in our midst which is spreading
death and devastation on every hand
Pckin (M.) Legal Tender.