The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-08-30
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~ s~tt IA shs~r~~s ts~aa ~ inasvaA.
nails ~ntks aM5asais~ w sah~fs. ana NJ
hasing ua ssse n .nss@~ss "A sil wrali
isss. ae. ~ s~ss lsstie. sn~nss~e N ~.
easnnlssr b. shs material w~alth ~ IN.
~nsIi, and ~ sn.rfvss on meney le~Hn~s
TIE mrs, rrttrss ssstesn " sas&ssnn tla~s
ran i~ devised h~raa~s. n ii AIDS ~
tile rsss II psolarsiaa. no nne ean ean.
ANNE anything and pay tet n ~sshnas
paying thal tss Therefore. interest
shcnld only be paid ~ tAx ~ Support
Fus~rnm~nI Atrd Ail mcrseNeua lrnnl
~ frenrA running u inslividna1s Ahnnil
l~ taxv,l to th~ fnli amount III The rNsr
II Government insvFesA A indivilnAls
thee could nnls ret N income frnm shris
accumulated wvalth w invr@sing II In
Apnl. ascl capital. IN would hare The ~.
feet III greatly IncfvaAtnx the material
wealth VI The world.
The rate II intcv~st pasi 10 the tiov.
crnment would become bonns for every
one b, invest their surplus earnings In
snmc kind III property, an that woull W.
the only way they could grt any rcvcnuc
from tlscir Hurplua earnings.
Tho muncy of this nation ahoull be
issued by the General 0ovcrnmcna The
nations revenue should bc derived from
loaniug the money to the different State
Governments; And the State Govern
m.nls should derive their revenue w
leaning II again NJ little higher rate ID
the different counties: aud The county
and municipal governments should de-.
rive their revenue by loaning II at still
higher rate ~ the people. The largest
amount II money should bc kept In DIR.
culation that would Just bring revenue
enough ~ keep up the expenses of the
different governmental.
The grvatcr tho amount Of money In
circulation after reaching certain point,
the less tho revenue would there be dc.
r,vc,l, m The rate of interest would de-
cline very rapidly after the volume of
money had reached certain point.
II law. were enacted with this object
In Wow, tho Government could derive lin
revenue in this way within ten years.
W. could then throw our poFts oprn 10
frcn trade. and 40 long IN other nations
would cling tn their oil notions oi gold
aud silver money. every workingman In
this country would reap direct benefit
from onr gold and silver mines, by hav-
ina 10 work lesa hours per day. Tho
unwielly An,l ponderous machine Of
Government could then bc reduced more
than onc.half. Tho taxes on labor thcn
ID support Government would bo NO
evenly distributed that II would be
scarcely felt: while. III the present time,
the taxes nrc so oncrous on certain
classcs of Mcii TINT II almost amount. 10
coniiscation III their property.
Interest would then be reduced 10 iis
minimum rate, md il would be- no longcr
paid 10 support q moncycd nristocrncy
TINT saps great part of the earnings OF
tho wnrkingnen. hut wonld be- paid IN u
small tax for tho benefit of good govern
ment .-Jossph Eastman IN his pam.
pbfet Reason, or Riot y"
4 Bankrupt Nation A True Picture
0f the situation.
William y. droesbeck. u Ohio, Prof.
Francis Bowen. of Massachusetts,, aud
George NJ. Weston, of Maine, after
months Of careful and patient study aud
research. arrived NJ the following con.
illusions In regard TO tho public. mnnici.
pal, corporate and individual indcbtcsl-
ness of tho United States:
Tho Investments of the hanks, In.
snrance aud trust companies of New
York city, NJ the eommenccment of the
year 1877 amounted 10 ob,OOO, ONO, 900
These Investments include 41On, ,0tDO, ,OOn
In rcal.cstato mortgagca.
According 10 the most accurate re-
ports, tho New England savings banks
had invested t22a, ,OOO, 900 In real.
estate mortgagea Those In the HtMto of
New York, outside of tho city, oll0,.
III, 100 In real.eatate mortgAeeA In
New Jersey III per cent. III Mll hank te-
poails were NJ invested.
A large portion Of the farms In the
West, especially In tho newer HlAtea,
nrc known 10 be m0rtgagcd. Oi the
tl3O, iHlD traders and manufacturers on
TIM hooks III the mercantile agency of
Dun, BARLOW \ Go. In 1870, O.ll11 failed.
with average liabilities of 11l 900. III
that 10 assumed 10 be the average lia.
hilily 81 the tl;sO. .Olpl, tho Aggrcgnte liA-
bili.y would bc sl3.2at. .00O. .0O0. Add
tu this:
Public isi,t III, ,o0 I'M, ,atu
municipal .sttttt4tttts.s..,t,t.s., ANshh.sWl
Railroads. s.,,,..te.t.sstst alav,tNu,AM
canal ssasss3 ,s,.ss.ttss.......4,..... fus,0n,uM
MAAlns grand total IT ,.,..,,..,,,. elNsss 000A0
The value of MI the properly In The
United states, both pcrs inal and real, In
I605, was estimated u 93O, 0sDO. O1O, ,0CO,
but, IN consequence VI thc contraction
of the money volume. In order 10 force
specie resumption, values have do.
clined, on mn average, ono.hAlf 70 that
10 day, according 10 present priceA, thu
entire wealth III tho country will not cx.
ceed eln,OOD. 0OO, ,OOO. Aud, II iorcesi
snles were made, and any considerable
portion ol tho indebtedness of Tho coun.
Try wAs attempted 10 be collected by
Inv. property would not bring 26 pcr
cent. ii ia value at the timc the inslcbt-
ctlneas wMs made.
The Terrible Power u Interest.
To get m adequate idea of tho o..
action of dcbt--to understand how II
transicrs the wealth silently aud surely
from those Who work 70 tho&s who lend
II il neceasary that W present little
calculation. senator Jones, whosc m.
thority IL not questioned. estimates the
indebtedness 0f thu nation public aud
private ~ olD. .ODO, ,OO, O0O. Here Arc his
hguFus:
MotiunAi. .......t,.....a.........e 3OUuO, ,OOO
N&4tHet 44ssss.s#t.*Yt HNAuUsMW
flitee, taNns and e1thttes bau,nlU. no
Railroads Observation-Disclosures. 1loo0uO UO0
NeHeAs.s I'm uQSsN0W
hshhs Insurance, tndlslduAis, str. ~ 1tt,M. .0D
INAafs NtpeeSNsekNttAW
ThiH, at U pr cent. interest. yiclds :
revenue nearly ~ great IN valne - Ill
Tho productA Ena4lc Ia I'll the workshops
of tho United States. It requires The