The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-02-23
PENSIONS.
fWo Billion and Two Hundred Millions
IN Pensions Paid to Rich Corpora
lions Annually--Shall we Pension
the Rich or Needy2
HYPOORICY.


HYPOCRlCY.
AR. EDToR-There lis a hue anC
cry going up all over the South among
democratic organs against the presen'
system of p~ensioning Union soldiers
The writer would have referred tC
this subject if it ere not that many
OF these organs are warning the people
IN the South against the Peoples party
as a party, If put into power VIII IN
crease the pensions OF Union soIdIe[s
and increase the burden OF the td1
payers. The Peoples party has adoPCeo
the Alliance plans and they VIII reuoU o
the burdens of taxation LnoIo Of
two ways to reduce the Our"0H -
taxation. e
First Rv increasing the ability or
fha naonla IN y.aV their taxes.
Second By decreasing taxation. The
Alliance measures endorsed by the
PeoDle's marty will do both.
NThis railing 1T the Peoples party for
what these D D. P. organs suppose the
PEOPLES party will do comes with poor
grace from q party that has never
made an honest effort to remove the
nensiOns put upon the industrial class
by the money devil, railroads and
patent right and telegraph mOnopolles
Let us glance at the pensions being
paid to mon0pOlies by the con cit OF
the G.. O. P. and D. 0. P. Through
the iniquitous financial legislation IN
aMgurated aud perpetuated by these
two old machines the money devil Is
pensioned upon the industrial class to
the tune of one thousand million dol
lars. each year and the pension is being
enlarged. To secure these pensions
they have mOrtgaged the industrial
class ten billion dollars. and they are
decreasing the mortgage each year.
In the interest of gamblers and speCu
aators on the farmers and other indus
trial classes the people n robbed to
pay a pension to this class five hundred
million dollars each year. In the
interest of railroad mOnopOlies the in
dustrial class are taxed three hundred
and fifty million dollars to "a pen
aions on watered or fictitious stock
that represent no values, and this
pension is on the increase. In the
Rterest of patent right monOpOlies the
people are taxed three hundred millions
annually, aud the tax is on the in
crease. The allow a few mOnied men
70 steal or buy a patent right for a
song, form j corporation, manufac-
ture, fix prices to suit their cupidlty,
and charge she consumer all the way
from 200 to /, 900 per cent above cost
tor manufacturing. S~lX-seventhS of
all the meritOrIOus machinery is
patented and cost the buyers two hun
bred per cent. more than they would
cost If there were q free and open com
petition in manufacturing this ma
ehinePy and other patents.
During the life of the patents on
saving machines a machine that cost
nine dollars TO make sold for sixty five
dollars and n that cost twelve dol
1afstomake sold for e%iQhty-five dollars.
The MCCoFmic machine that cost
twenty-seven dollars to manufacture
sold for one hundred and seventy five
dollars. This extra cost with interest
en- it is charged up to the consumers
and the interest on this extra cost
amounts to not less than one hundred
and sixty millions annually. In the
interest Of the telegraph monopoliet
the industries are taxed to pay digi
bends on watered stock amounting tC
Eve times the cost of construction OF
forty per cent. upon first cost.
These two old machines have &c
shaped legislation that in twenty-five
years they have doubled the pur
chasing power of the oddities dollar
and reducing the ability of the tax
payer one-half to pay their taxes.
They have squeezed twenty billion
dollars of the products of labor into
ten billion dollars of the creditor class
notes, and this pensiOning process is
On the increase. Here is pensions paid
10 m~onopolies amounting to two billion
and two hundred millions each wear,
This amounts to $33 80 each year for
every man, Oma and child in the
United States, or $237.16 for every
family of seven and this per capita
pension Is on the increase. They have
pensiOned these mOnopolies upon the
farmers by making them pay eighty
per cent. OF the taxes while the farm.
r have less than one half of the
wealth OF the country. Here is pen
6ions by the wholesale.
has any measure been introduced
by the Democrats that has r. cejvnd
the endorsement of a Democratic
caucus that looked to the removal of
n pensions o rich mOnOpOlies3 Has
any bill been introduced by the Demo,
cratic party thaJ has received the
endorsement of a Democratic caucus
that looked to the removal Of any part
OF the burden Of this pension? Reader
did you ever hear of one2 We will
pay one hundred dollars to the first of
these Democratic organs thas will bring
it TO daylight
Ne know that adollar to the average
editor looks as large as a cart wheeIO
and one hundred dollars is more than
you often ] ngle in your pockets,
Nearly ali I'll Sc editors of Democratic
organs wait office-a sugar plum
they eXpect for service rendered so
tnelr salaries are fixed and this s11leez.
ing process = Increasing the purchas-
ing power If these salaries. II IS
these penslorad mOnopOlies that hold
b balance Is power and can dispense
those sugar Dlums to these c~rouching
the devil at the expense of the people
&HA1Gn r. ENaplIllN &C Gno0EnT mack cam