The Progress., 1896-08-22

hereafter be constituted For hun
dred yearS the Supreme court OF thc
United states has Sustained She prin-
Cipie Witch underlios the income tax
Some twenty ycarG ago this same court
sustained without . dissenting yOi"c,
IN incOme-toY law almost Identical
with the one recently Overthro"u, has
not future court IA much right 10
return TO the judicial prccedents OF
century as the present court had 70
depart from them? When courts allow
rehearngs they admit that error Is
possible. The late decision against the
income tax was given by u majority
of one after a rehcarlng.
The last iucOme-taX law bought to
apportIon the burdens OF government
more equitably among those VINO on
joy tho protection Of the government.
At present the expenses OF the federal
government collected through intern2l
revenue taxes and import duties, are
especially burdcu7ome upon the poor
| classes Of society. The inrome-taX las.
| with its exemption provisions. was not
| unjust to the poa9eSaorS OF lare" N
! comes because they were not com
| pClled 10 pay a total federal tax greater
than their share.
"Noy, let me AL, YOU to consider The
paramount question OF this campaign
the money question 1t is scarcely
necessary to defend the principle Of BIZ
mctallism. No Irrational party during
tho entire history OF the United states
has ever declared against it, and no
party In this campaign has had the
ten Gritty to oppose it. The republican
platform expressly declares that BIZ
metalIism Is desirable when it pledges
the republican party to aid in securing
It AZ soon as the assistance Of certain
foreign nations can be obtained. The
gold standard has been weighed in the
balance and found wanting, Take from
it the powerful support OF the money
owning and the uoney~Changn
classes and il cannot stand for one day
I'm any nation in the world, 1t was ias-
tened upon the United States without
discussion before the people, and its
friends have never yet been willing 70
ylsk a verdict before The voters upon
that issue.
Test 81 Honesty In Money
What Is the test Of honesty in
money? 1t must certainly be f0OnA III
the purchasing power Of the dollar. \
dollar which increases i'll purchasing
power Is ius as dishonest as q dollar
which decreases In purchasing power,
II cannot be successfully claimed that
monometallism or bimetallism. or any
other system. gives an absolutely just
standard of value. BmetaIlism Is bet
ter than monometallism not because II
gives us a perfect dollar that Is, dol
lar absolutely unvarying in it's general
purchasing power-but because It
makes nearer approach to stability,
TO honesty to justice. than u gold
standard possibly can. Any legislation
which lessons the worlds stock OF
standard money increases the eS-
changeable value of the dollar; there
fore the crusade against silver must In
eyitably raise the purchasing power OF
money and lower the money value OF
all other forms of property.
Opponents Admit tho Error.
"Our opponents sometimes admit
that II was a mistake TO demonetize
silver, but inGist that we should sub
init to present conditions rather than
return to the blmetalliC system. They
err in supposing that we have reached
the end OF the evil results OF a gold
standard: we have not reached the ENG
The injury Is continuing one. The
same influences which are now operat'
ing to destroy silver in the United
States will, iG successful here, be turn.
ed against other silver-using countries
, and each new convert of the gold
standard will add to the general dis
tress.
Farmers Opposed to Gold.
/ "The farmers are opposed to the gold
= standard because they have felt Its
= effects. Since they sell at wholesale
and buy at retail they have lost more
= than they have gained by falling prices
! and, besides this, they have found that
, certain fixed charges have not fallen
. at all Taxes have not been perCeptibly
, decreased, although it requires more OF
. farm products now than formerly &c
secure the money with which to pay
taxes.
Debts have not fallen. The farmer
who owed $1,000 is still compelled t
-, pay 81 ,OO0 although it may be twice rs
: difficult as formerly to obtain the dol
f. lar with which to pay the debt Rail
road rates have not been reduced t
keep pace with falling prices, and be
l sides these items there are many more
wass-Earnsrs Eager for Silver
"The wage learners have been injured
by a gold standard. Wage-earner'
know that while gold standard raise,
the purchasing power OF the dollar, /
,I,n la, vonro III 0;n,it % oht, 1,