The great West. [volume] (St. Paul, Minn.) 1889-18??, 1890-10-03
TWO PER CENT TAXATION.

TWO PER CENT TAXATION.
principle January in its discus
rapidly coming to the front as one OF the
most radical changes government yet suggested
So powerful appeal this proposition human and 50
application that there not even crafty
watching against him. admits it's strong points
discussing the loanng money directly on
rate two cent? we stated "ou
yield income vastly more than
taxation should be removed At the same
did would not only nave ne taxes removed
In place Of putting 81 billion wealth the hands
and righteous distribution advan
wealth the nation would De mucn more evenly
all short loans chate loans
paper still come from the accumulation OF capital The great
and wonderful fixing all
gold and silver utterly from its position
as autocrats of the commercial world.
The subject demanding profound study and
temptation We upon invite
posed combined meet and discuss this
ton public formulate amendment to the constu
this CIVILIZATION
GREAT ISSUE FOR INVESTIGATION
issuing has important phases
st would gold market
supply metals the value of would be abso
Interchangeable The less the the less the amount coined by
natural The greater the supply coin the hands
oan the issued the less the supply OF coin the
paper But both would be backed by onea
value of upon which issued.
approach would be gradual gentle and
material the worlds markets The surplus would first
loaned The Savings deposit contemplated ana
thereto would add resources Hence the supply OF National
Bills issued would be regulated solely by the natural demands
AMOUNT B
difficulty suggested is to the amount to be issued
misunderstanding ten per cent which billion dollars
The would make this
borrowed than the
the tariff and systems abolished
could issue billions currency! No.
billions than 400 to 500 Millions Today
borrowed the fact that those who have not
suciency surplus In fact is
surplus Two hundred millions are thus % o the saw
banks of New York alone
government coin and than two bill
$50 There from to IS head
would accumulate the postal government
ngs banks just as they now accumulate IN other BANKS 80
regulation could the amount to ISSUE
that dollar need be
The could issue it's bondecured currency to
paw supply until the
$35 the head the population By this
debts existing the face the
pie money interest hereonnot
correspondent lately That
the interest the collect the
taking Thus OF $2OoO0O
Indebtedness this state would yield $2
dollar OF state taxes be RENTED
oneourth the The
somewhat startling Such revolution would
put building mighty cities provincial expense 1t
bankers Biblical vngmoe sweat and less
would enable the debtors get out OF and the debess
share of the surplus
On this subject the author of .cIand Currency says:
desires his idea here it is For land
him with furnishes his buyers with
him I a tax desires his idea here here ali
And tax is better than double tax here is
If the
And the
crushed the nation went down paying would rise
his idea here For the instru
In land currency their idea
a pa re nd
therefore both are against cohesion and both are 6r
intelligence and love- and until then
eoepsraon Which
and they can move cause currency they
land perfect freedom to individual action
ton untrammeled by the part -, D,: ~, , ,, , 49,