The Providence news. (Providence [R.I.]) 1891-1906, 1894-09-14
1869. 1894.
MAXElELD'S
Silver Spring.
DINNER SOC.
The best dinner served in the best din.
ing hall by the best caterer on the Bay.

tenn, the planned failures and assessments
and reorganizations, and different
methods OF manipulation, represent a
system of thievery by which millions are
gathered from the people at large.
AS mountains TO grains OF sand, so
stands the system Of gambling and sharp
trick device practiced on railroad stocks,
when compared to the Louisiana, church
fair, and pop corn package lotteries.
These latter were thought destructive u
the morals of the people, but this noun
tain of.~sorruption still stands unde-
stroyed.
This entire yielding to the private COR
poration commission to execute for the
people services they must have performed,
and which are so vital to their welfare,
is not beneficial to the nation, for the
whole railroad business is loaded
down with promises OF "interest" which
must be added to the Legitimate
cost and profit for service, compelling
heavy assessments for increment pur-
poses. Much of the flow of gold to Europe
Is attributed to this cause, making no rely
upon our staples, corn, wheat, cotton and
other products to bring it back again,
even compelling the Government recently
to issue increment bearing bonds for the
purchase of gold to meet their demands.
II is to the destruction of the increment
known as interest the people must look
for the true remedy for their poverty.
Through its " criss-cross," and +" in and
out windings it takes from the people
that which makes millionaires and money
lords. Inventions and discoveries have
given the people controllable forces which
enlarge the power of production a thou
sandfold over what IL was few centuries
ago, yet most people have to struggle to
decently support life, the "pullers in of
increment taking away as fast as they
produce, leaving the toilers barely enough
for existence.
The earth yields in abundance all that
Ia necessary for mans sustenance, while
ingenious machines form its gifts into
shapes that administer to his bealth and
comfort, but interest nullified 1t all. 1t is
the dark curse that has come down to us
from theiving schemes OF the past and
must be rooted out before human
poverty can be overcome. To relieve the
people OF this increment taxation in rail-
way service the Government should own
lines reaching the chief distributing
center of every State in the Union, and TO
all principal ports upon the waters OF
navigation, and complete full national
service by making the private corpora
tions that reach its lines dispatch thereto
or receive therefrom, at regulated mod
crate tariff, al consignments to the Gov
ernment lines.
IL is not Government monopoly, but
Government service, free from increment
taxation, that will benefit the people,
Depriving the private lines of national
Importance, it would compel them to re-
adjust themselves to new conditions and
do business upon a basis more free from
exorbitant charges. IL would destroy the
prestige of the Wall Street comb nation
OF corruption that now operates upon
long lines and the combinations OF short
ones that they gather into systems"
while legitimate stockholders would find
their stock assume a steadiness OF value
by the stepping out of the bunco gentle
man that has so often dispossessed the
owner OF his property.
Incremental taxation il continually
going on day and night. individuals
come and depart, but interest goes on.
shops, farms, homes, cultivated fields, all
the bandiwork of man meets coniiscation
by its hands. On its account
millions in the midst OF
abundance GO hungry and speculate
in anxiety the source OF the next meal.
Virtue, harassed to poverty by its steal
ings, falls before its sway. Banks, COR
porations, companies, 'industrials, COM
mercial enterprises OF ell kinds, overtaxed
by its demands break down and panics
step i'm and add flood OF death to the
floods OF human want.
The Statesman" who thinks enhancing
values upon an artificial basis or lessen
ing them by decreasing the toiler's pitt
tsnce the proper policy for the State to
pursue will learn his mistake.
The incomes OF the individuals compos-
ing the masses must be made more effcc-
tive by the expulsion of those incremental
entwinements that are fastened around
everything that the producers and con-
sumers employ in the vast pursuits OF
life.
The aggregate OF property in our coun.
try classified as railroad capital exceeds
ten and one half billion dollars. Six per
cent. interest upon the same amounts to
more than. six hundred and thirty mil.
lion dollars por year. Adding such profit
a. private corporations assess to