Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-01-24

D
cinrilv. moi to cay alarmiugly, sum
mel up by Joseph Cork, Thomas
sbearman, aud other authorities that
Two thousand capitalists own m 10
tbnu ali the rest Of tbs sixty.iive NIL.
lions ~ our population. Two huIitei
and fifty thousand rich men control
threp.foutths uI tho wealth Of tue
country. rho American republic
therefore l. practically pHnei by Iu'.
Than quartor OF o. million purJls. ~
present causes witch produce Cpacel-
tratlon OF capital continue, llo rorHi'
lie will roou lU owned by lees ,ulu
Grv thousand ms 70. IL Nas fruIH5
tie summit Ot monetary nmtiiiIn 20
bs worth q million; but uUW taui H'-
liYpnlres HAYS rruYua $50 'uu.
mon, nmhiti0n boss compile aus
upon hundreds " uilil Iusi aui Poe
tempting .Jtl au dlgsly cleaning Co.,
the mDnp.sry viaiBus 90 tur chp.i.i'f.
h 10 reach d billion. Attur present
rate OF .nruutiaUJl ~ wealth. lu.
other decade viii I've uf lev tl.s
ll1uaifos: aud witIu "a rr1.hu ~ w"
would Lave perhaps gu.HfH. lh.'u
would then be- low hIuIrri Thousand
n,uiluaitus yurnnpt; Au1 tho ui.lilus
would como in fufa SMALL ifar uHnf ut
ttyugrrpgato wealth. but even wen
due biuounife, with ruch iucJcliva1lc
u.tstfsiuus, Woull De- iuin .uAtti 90 u"i
ile world; 40 truo 70 Is that o. Ole
u.rmAl b .8-iOu fluids wIiain i,sot 600
rlaI Jacquard OF iust criterion.
afuch VI This monetary fogEirasutts
and iufttuAiiuu fIunE. isu Que hu'
normal muuunfy syf.fm uId the AVE
ana customs whom nr1 tt.oui.ff 90 10
ifi pur social ufgau ztuIas. Toe lusl.
uria ufthls wJril b. ulftl. iuJsc nui
m1rr In tlo direction { Ig.iJts and
iIlusilnF, us Auftful ptd vicious astuty
mo urmuralI1ug. E.r ils'aIc., The
uilruaI. ave duuLly galital %, ur
uuuutlzsI. u.s. both fi1Ck al uIud.
sud each o. these represents yat lu.
nltiuu, ONpu double The Value shc
property. la like mpuuur IlHuu I'M
proven suits au national tcl,s Hto cJu.
verified into m1autafy iJrns 10 stocks
ana bonds. our total Indebtedness "
ssiimatoi II from tuiriy 10 iOriy
hilllOn,; aud practically al tlils
vast iucimbmuUs VI real wealth
h. made 10 assume nlon,.
fgry form a. mo- disable PAPER.
or mines aud mill and man
uiacturiug plgug nre MALAY capital
izsl, aud wer0 our farms Ia like man.
usf capitalized, anu there IL no reason
from analogy why they should not b.,
We should nave oil our zeal wealth two
or three times duplicated la monetary
form; thus building ~ tho vast nrlion
that passes under the name Oi legit
mate business; anu at the sans time
INCREASING thr plwer aud number OF
thosu vino live ami move auI have
thelr being In these iilusory occupa.
tiohs. W our farms were cipltalEri
they might roll dozen times a day ~
stock, thus adding thuiF volume 10 the
fluctuations Of The stock market.
Wolfe such work IA called busiurss, II
really Ia vice, and Ia ruiuuus 10 TIC
commercial wealth Of the country. IL
10 ohe OF the vast aud growing evils Of
the age.
A real reform would be 10 unite the
tusiur,s transaction more intimately
with the real wealth which 10 the SUI.
iect OF the tTanplor. rhus, n farm
bu sold let u % by actual change Of
possession ami occupancy. This would
siguiiy thnt there should bu no sepafa-
ton OF the utility value u u farm from
its occupancy aud uso. IL Ia apparent
that such change would be agteAt
| Improvement over any nystem which
/ puts farms Into the form vi material
Tor stock gambling. Just the same
! kind " a changc should be made IN all
property tunt has nov added itself by
capitalization TO tho fictitious mass
illusofy AMI spurious wealth. II our
public indebtedness were funded with
the government, aud made Reasonable
| through tsxailJn, tho result would he
10 -
| growing class Of operators VINO,
through holding a sputiou, form
/ OF wealth, arc able 10 control tho
dettiniea of tue county. lft1oE gam
bling were abolished 10y the CaucUll a.
ton OF tue stock ltaog aud tUg aug ga.
ton OF the power 10 create Hc.i. us
| property, the fu-CHlIoi business Oi .bu
stock markets you'd DO compel d ,u
assume m0fe real hud heaitl,ui .giu.
/ Instead Of dealing with dciiuus tlwcu Of
| ally itself with facts aud ttnlitIrs. Bus,
| moss would take the form az work,
inec.iment aud enterprise. Man wOIl
be drawn into closer cOntac. and 9 mn,
munion with nature, which r. the real
anu final sacrament Of God.
There IL a widespread mishppToheu.
sion as 10 the not value VI our national
] NNAlNit w INV AAl NAhHhA kANAN w
siNty.nye billions OF q valuation, our
debts OF all kinds exceed forty billions,
aud most of u drawing heavy rate
Of Interest. 10 Is dOubtiul whether our
annual gain h equal 10 TO the annually
Hocruing derin In Interest. The uui.
versal shrlnkagc Of prices by the ca.
Enlistment Of the single gold stand.
ard, aud the constant increase OF the
value OF money obligations puts the
producing Glasses more aud more q
the power Of tho monetary classes
And the constant crow IA OF fictitious
wealth Ia the various {. rms OF capital.
lied property adds porpIgually 10 TIA,
number and strength Il those whose
prt spefity 10 an absolute burden upu
natural and hualthiul pro llculu.
soon the fictitious world ul wealth
viii bn far greater Khan tu
actual wealth OF the world. More
over, fictitious wealth 10 unnatural
ami unreal Its existence isunnualtN,
tul aud In tho long run II viii O.,
found 10 DO an uumiNel evil anl
an incubus On human pfvgtysh
rhHie lisa putuUJ bout VI sympathy
between ull iurns Jt ntll fetal capital
oil capital th.t comes iu Tor listing anu
quotation upon the stock market. Il
Is not money, Tor 1, does not posses,
legal tender qualities. Money ~ Q
junction oarHra wltn II tue sovereign
lower, the power OF eminent domain,
Of the government, As function II