The Progress. (Shreveport, La.) 1892-1900, 1896-09-05
WESTERN EEwsPAP Err UNION REPoRT)

hereafter be constituted For a hun
fred years the Supreme court OF the
United States has sustained the prin-
Ciple which underlies the income tax.
Some twenty years ago this same court
without dissenting voice. |
an inCome-tay law almost identical |
with the one recently OverthrOWn; has |
not Il future court as much right to |
return to the judicial precoden,s Of a |
century as the present court had % I
depart from them? when courts allow
reheafinGs they admit that error is
possible. the late decision against the
income tax was given by majority
of one after rehearing.
"The last incOme-tax law sought to
appOrtion the burdens Of government
more equtably among those who en-
Joy the protection of the government.
At present the expenses OF the federal
government. collected through internal
revenue taxes and import duties. are
especially burdensome upon { the poor
classes of society. The income-tax law,
with its exemption provisions, was not
unjust to the posscssOrs OF large in
comes. because they were not COM
| PEELED to pay n total federal tax greater
than their share.
Now, let me ask you to consider the
- thto r,noiyn
the money question. 1t Ia scarcely
necessary to defend the principle OF BIZ
metallsm. No national party during
the entire history Of the United states
has ever declared against 1t. and no
party In this campaign has had the
temerity to oppose it. The republican
platform expressly declares that bl-
metallism is desirable when 1T pledges
the republican party to aid in securing
It as soon as the assistance OF certain
foreign nations can be obtained. Inc
gold standard has been weighed in the
balance and found wanting. Take from
II the powerful support Of the money
owning and the changing
: classes and It cannot Gtand for one day
= IN any nation in the world. 1t was ias.
, toned upon the United States without
. discussion before the people, and lts
friends have never yet been willing t
risk n verdict before the voters up0'
n that issue.
= Test of Honesty in Money
"What Is the test Of honesty il
4 money? II must certainly b found II
@ the purchasing power of the dollar /
: dollar which increases In purchasin
o power rs just as dishonest as dolia
o which decreases in purchasing power
,e It cannot be successfully claimed ina
n recommendation or bimetallsm. or an
% other system, gives an absolutely JUS
IT standard of value Bimetallism Is pei
ter than monometalllsm, not because
l. gives us a perfect dollar-that Is. a 40
10 lar absolutely unyarying in It's gener'
OF purchasing power-but because
G. makes nearer approach to stapii''
g IN honesty. to justice, than go
~ standard possibly can. Any legisialc
n which lessons the worlds STOCK
o. standard money increases the e.
~ cbangeable value of the dollar, the
~ fore the crusade against silver must Il
> ovitably raise the purchasing power
- money and lower the money value
~, all other forms Of property
10 Opponents Admit tn" Error
pr, "Our opponents sometimes adn
in that II wac mistake to demohe'l
.rs silver. hut insist that we should su
nit IN present conditions rather I'M
cd return to the bimetallic system. In
los err in supposing that we nave reach
40 tho end Of the evil results of a &c
". standard; we have not reached 'he el
h,s The injury is a continuing one. /
400 same influences which are now oper'
- inc 70 destroy silver in the Unit
~ states will, If successful here. be tul
od against other silver-using countr'
=. .nd each new convert OF the g
ns' standard will add to the general q
OPP e1ano"'"
emf tress.
,vs Farmers Opposed to Gold
"rho farmers are opposed to the g
-. W standard because they have felt
-, =, elects Since they sell at wholes
" and buy at retail they have lost mt
than they have gained by falling prlt
--- md besides this, they have found q
raj certain fixed charges have not fal
nto At all Taxes have not been percepe'
ker decreased, although 1t requires more
'ish farm products now than formerly
lists soorro the money with which to
W taxes, rho far,
rom "pehts have not fallen. me idi'
lose who owed 81 900 is still competed
orm nav ST 900. although 1t may be twice
not diHlcult as formerly to obtain the
t it lar with which to pay the debt II
and road rates have not been reduced
be keep pace with falling prices ana
, OF s;des these items there are many III
ent, warrEarn.rs Eager for Silver
rom "The wage learners have been INIT
ton nv a gold standard. Wage-ear'
per- know that while gold standard ra
reat the purchasing power Of the dolia
rong also makes 1t more difficult to Cd
rare possession OF the dollar; they X
!