Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1886-07-01
WHERE THE MONEY GOES.
HOW the Mononollsts prosner

In 1880, one thousand andtwenty foul
millions Of the wealth added to the
capital of the country went into the
pockets of the manufacturers.
The valuation of the real and person
al property of the whole country wa:
SIC, ,902, ,eOO, 900. The state, territorial
county, city, and all other local taxes
assessed on that property was $500, ,200,.
900. or at the rate OIL 80-100 per cent
1t is an enormous amount of money
Is considered serious burden. Would
the tax payers consent to have it doubl-
ed, making the amount 1904, ,401 900?
What would be thought IL it was pro-
posed to triplicate the tax, making il
S906, ,602, 900. What an outcry would
he raised against such rate of taxation.
Political damnation would be the fate
of any men, or party making such q
proposition. Suppose it was proposed
to triplicate the tax and add the amount
to the wages of the laborers in manu-
featuring establishments of the country?
Would the idea be entertained for a
moment? Certainly not. What would
be the result if it was proposed to put
the whole amount in the pockets of
the manufactures? Revolution. And
yet that is just what the tariff does.
1t gives the manufacturer profit equal
to three times the amount of all taxes
and Sis, 100000 dollars besides. That
amount, alone, is equal to per cent
on their entire capital.
Other capital sought investment at
or 81 per cent but the manufacturers
made nearly 81 per cent. Their profit
for the year was 6 per cent of the assess
ed valuation ofall the property of the
United States. If other property was
satisfied with 8 or 80 per cent, ought
not 6 per cent satisfy them? Six per
cent would have given them $167 900,
600 and save the people more than $857,
900, 900. Out of that they could have
paid all the taxes for that year, and still
have left in bank, $685., 100000
But suppose we give the manufac-
turers 10 per cent on their capital, the
people would then have saved $745,-
900, 900, out Of which they could have
paid all the taxes and had left $443, ,0OO.-
900. That remainder, saved annually
for 6 years, and invested in per cent
bonds, would have paid for every dollar
Of the manufacturers capital, and still
left the nice sum of $4,000, 600 in the
peoples pockets.
That six years saving would have
paid all state, territorial, county and
local debts, and left a balance on hand
of 81 1904, 100000.
Or it would buy all the paid up capt.
tai ofall the railroads in the United
States in that year and leave surplus
of S247, 100000.
Six years more of such saving would
pay all the bonded and other debts of
those roads, and still leave the people
$48, 900, 900 to jingle in their pockets.
Did the manufacturers do what they
pretend they wantto do when they get
q high tariff enacted, give labor the
benefit it could in short time pay the
debts, buy the roads, and have an i'm
mense sum in its pockets beside.
But while making nearly 81 per cent
themselves they gave their laborers
$1.16 per day. They could have increas-
ed those wages so per cent and then
have made 6 per cent; or they could
have made 10 per cent and then in
creased wages IS per cent. .-..-...
In 1850, under free trade, farmers
owned half the property of the country.
From 1860 to 1880, under protection,
they added billions of dollars to their
capital. The rest of the population, in
Guiding monopolists, gamblers, rings,
all the idle hosts who live by their wits,
starting in 1860 with the same capital
as the farmers, added % billions to their
wealth during the 20 years.
What conclusion are we justified in
drawing from the facts we have given.
The plain, simple conclusion that the
legislation of the country and the ad-
ministration of the government has
been in the interest of those who have
added so largely to their wealth. Far
mers, you have the remedy in your
hands: will you applyit?