The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1894-05-14

vantages. The have put inc ouruen
of III sintaining the government upon
the poor who consume and spared
the rich. The natural results are
that great fortunes have been &C.
cnmulated and we now find that one
section of this country not more
than one half the SIZE of Texas
owns perhaps three fourths of the
wealth of the country. The South
and West have reaped little, if any,
advantages, but have been heavily
bjlked for the benefit Of the East
Somehow, / have caught in the
atmosphere of this Democratic state
the idea that even handed justice,
which sooner or later overtakes all
nations and sections as we'll as indi-
viduals, is a pretty good tenet of the
Democratic faith. If We are com
PEELED to bear al unequal portion of
the burden of m maintaining The gov
eminent, and, also, to contribute to
the private Golfers of our protected
friends, | am in favor Of an income
tax to make capital do something
towards keeping up this govern
ment. 1t is entirely unnecessary
to 90 into lengthy disquisition of
the usages and traditions of the
Democratic party to prove that it is
Democratic to make capital bear the
burdens of maintaining the govern
ment / would favor an income
tax if there was no other reason
than that the tariff taxes poverty
and labor. and this will tax the in
come of wealth.
OUR PENSION ROLL a DISGRACE.
This government pays out annu-
ally something like one hundred
and seventy million dollars as pen.
sions to soldiers of the late war. 1t
is eminently proper for the govern
ment to show decent gratitude for
those who barred their breasts in de-
Tense of its flag. Every man who
gave honest battle in behalf of his
country, and has become disabled
and ind gent, should be supplied by
his government with the easy com
forts of life. But the pension rolls
of this government have become a
e scandal and disgrace. The bulk
n of this great sum of money is paid
t to parties living in the Eas not
! withstanding Texas contributes her
8 full prorata of this sum, the
amount returned to citizens OF
s Texas is comparatively small. Our
r. friends who have been shaping the
e politics of this government for q
g quarter Of century have been deal
y ing With the old soldier with a Law
l. ish hand, and the other section.
o have been footing good portion Of
j. the bills. The income tax Of the
IS Wilson bill, it is estimated, will
bring a revenue of 1874, OO0,OOO pei
'i annum. / am in favor of taking
d another loop in this measure, ant
n making it bring to the government
le sufficient revenue TO pay every per
'r son upon the pension roll. Gu
government is grateful to the ole
's soldiers. Let us make wealth
}, whose existence the old soldie
y made possible, be grateful to tn
s govern ment.
Z THE NATIONAL BANK.
u The laws authorizing the charter
" ing of national banking corporation
&c =, usurp powers that belong, in m,
:, Judgment, exclusively to the state
- and create an instrument of mon
Is strous power which may be used 70
y the benefit of special class, and t
10 *; the great damage of the mass Of tn
~ people. The uses to which the ma
- tional banking laws msy be en-
- p.oyed for the benefit of elias
were forcibly demonstrate d in tn
financial panic few months ago
10 Under these laws national banks ar
i compe lied TO keep on deposit rt
lie serve of not less than ISL per cen
e. of their deposits, the same to
y deposited with banks designated b
IN the comptroller of the currency i
Us cities containing over a specific
III number of inhabitants. The gres
e. bulk of this reserve fund is deposit
81 >, ed by the various nations
H. banks of the country in tn
O. banks of New York City. This