Evening journal., 1893-04-29
A BAD BILLSTAMPE OUT
Continued From First Page.

No intelligent man has mortgage on
his farm if he is not in debt. No man
has a bond in his pocket unless he has
furnished capital for some enterprise or
other to benefit the state. We have
been doing all we can to induce capital
to come here. We have boards of trade
in every town We have passed act
after act this very session to get capital
to come here Our people are struggling
to get that capital. They think they
have the brains, ability and people who
can promote and carry on these corpora
tions, If they can get capital TO come
here and establish them. They have
even asked us to allow them to exempt
them from taxation In great many
towns they have that privilege now. You
tell me the people of the state want us
to put barrier at the borders Of It that
this capital shall not come in without
tax when they are crying for these
privileges and put their hands in their
pockets TO assist them. Yet you say, If
you lend money to a Delawareau you
will pay tax; il you don't the Delawarean
will pay It for you and commit a mis-
demeanor and suffer for IL.
II go to Philadelphia for a $40, 900
mortgage. / agree to give him 5000 a
year for ten years. What induced me to
get the money! / thought It would ben
eft me. Now you pass that law What
is the consequence deduct whatever
tax is put on and pay him what is left.
Now you are interfering with that
contract between that man and
l. / am compelled to confess to that
man that can't live up TO the contract
because my state won't let me. My
state hasput up barrier and stepped in
between us, and kept me from car
rying out my contract.
Now then we 60 to stock-stock
companies What is certificate Of
stockg 1t represents your or my interest
in certain establishment-ra railroad or
manufacturing establishment, whichever
you want to call II. 1t is a method to
accumulate number of small amounts
TO get grand aggregate to carry on
business. In these improved times in
this advanced time, of all kinds Of enter
prises they cannot be conducted properly
with small capital Il used TO be we
had numbers of small establishments of
every kind Of manufactures. Now that
does not exist any longer. The poor
man with all the ability, brains, reputa
tion for veracity and character, and with
knowledge to conduct a business what
has he got to do2 He goes TO these
friends and convinces them that II he
had the capital he could conduct bust
ness properly. They subscribe to assist
this man. He has not 81 himself but
his friends back him up. They risk
81 000 OF $1,000 as the case may be.
You are going TO tax them for assisting
that man. Why2 Because you have
certificate of mine for the loan. That
establishment is there
"Now bring the other individual who
is capable within himself, aud you don't
tax him, because he owns his own plant
But the man who has got friends, conf
Dental friends to back him up with
money to establish that business - that
stock must be taxed because that plant
is In debt The other plant is not taxed
on its stock because the other man is
rich enough to build it without help
His Early Struggles and Success.
Il could 60 over my individual history
but don't like TO tell my own story. /
tel you came into this state as poor a
boy as ever crossed its borders Some