New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-13


law. with its exemption provisions when COZ iiher.d
in connection win otn"r mrtnods Of taxation IA
force. was not unjust 20 n. possessois Of laru
incomes bccnuse they vrrc not compelled 10 psy
a total Federal tax greater than their share he
income tax IS not new. nor u j, bt,ea ipon no.ui.
ity TO the rich. tn" system rs emploS.d IN sssrl
OF the most important nations - kLrope and
every Income Tax Law now upon me sia'n'e hoon
I'm any land far - have ben a9le - asce',sin
contains an exemption clause. NhiI' ne collection
Of an income tax IN oth"r countries ioc, not MAKE
vet n ought to moderate tho language g. kose xho
denounce the income tax AS an assault upon the
well-tO-dO.
SUPREME COURT SUBJECT TO cRlTIcisM
Not only shall refuse 10 apologile FOR 'he adye
cacy Of an in,on TAX law hy TIE Nstona' Con-
vention. but | shall also refuse 70 apologize ior
the exercise by it Of TIE right 30 dissent from
decision Of the supreme Court. ln Goy.rnmeni
Ike ours every puulic ono ~ i-''. seNsn-
m@nt whether he serves for t'rn " years o.
during good behavior. ano thr T. r.e nave rgh,
70 criticise has Official acts ''n.ia-t'' j. even.
where the parent Of de.pousm free e9.srnmsnt
exists in eaIogsy ara noI n ,onn.'1r nee . az. a..
tho nresent n ,ruer conception - popular govern.
ment than that entertained hy i1os' VINO would
cpisimn truth viii vndicate itsef 0nly fears
free speech No public official "ho '9r s'ieniol'ly
deny To- nose whom he serves the right 20 discuss
his official conduct
THE MONEY Of ESTION
Now let me ask you 20 consider the paramount
question OF this campaign the money question II
&c scarcely necessary 70 defend The principle OF
bimetalsm No National party during the entirs
history Of the United states has ever declared
against H. and no party I'm this campaign has RAD
the remerity to oppos" u Ihr,. par t"s ~, o.Iy
ocratlc F2puiS, anu a., ,, b,v. or,l,n4d IN.
specific legislation necessary 10 restore sN'r 70 ~
ancient position by the So ol eV.s th,,s.,'sf,.m
is desirable when II pledges -" k@pHhne.n ps'y :,
70 aid in securing 10 as soon a. me assistance Oh
cart. IN
Convention opposed the free coinage Of silver ~
ground that, I'm their Judgment u nc" ~ Tor
y, a,,o,ai birra,ailsm 10 which the Efforts oi ~
o;overnrnon should be steadily directed " y, ~,
NJ g. etaadilv directed toward the estans,:;
ynent Of International himetallism they 80
e,gS6 al I'M baanc and found wanting r,s.
from It the powerful supper, on 'n' ia 4 sannS
and the money-changing classs 81" ~ uorH II
was fastened upon the United S's a., ,T,enas hav
clsson before the people ana Us ~, hefore ~
never YET been willing 10 risk verdict oe'0'e u"
V9 Tsere up can he no sympathy cooperation
tween the advocates Of universal goo s,a,uI ~
and the a1y bShsr ,Ddep"ndent or international.
and the gold standard there l. an lInpa-sas' 49,,
Is this quadrennial agitation III 'srodd lin or
national bimetallism conducted IN fo.i ' 49, al
40 our opponents really desir" 10 nhla', VI, nnss.s
standard permanently are 'ns( vi whsn oned in
by the leading nations Of ,he world or 90 ne Fad IA
1s i- gold Is the Only i'ltl SUI
ard money among civilized nations; II inel 81, :,
fact DESTROYS Of securing him,ial.sm Va stspdari
nee; them TO point out the evils ~ goi1 Az 80
other hand they are bending their 'n,rses ,eySs,i
me permanent establishment OF goo "a Ia.
undar cover OF A declaration in favor OF ihIel.
national bimetallism. am JUSTIFIED IN 'nkeebsrSs
that honest money cannot be eNp"c yea III ~. a,tss,
of those who deal dishonesty with ITO N"''''''
people ,,.....,. ,,r,xs
What il the test Of honesty in money It mu"
certainly bee found iu tho purchasing power % -
dollar An absolutely honest dollar would ho' ,"'
in its general purchasing power. II "oha " 49,
.,,.I, stable when measured by average prices
dollar which Increases I'm purchasing power J. '','
"a dishonest as "A dollar Whlcn 1--r.-. = .-..s
chTslng Dower FIofeSsOr l.augnn' -" .~ % sod.
University Of chicago. and one 81 'r ss,r,ssTism
moi only admits that gold does nor remain That
lutely stable in value nut 'Npr,ss., ~ yalue ior
there Is such thins IS sl"hua ii.r rhirh r.
future payments. either IN god OK sli't' "."xresy
mains absolutely invariaDss. n H. unit IS bassd
upon the selling prices Of nuinuet % 49, stand
general consumption. would o' iyb bs,suse q
ara I'm, contract would thereby be paid !" 80 a.
maturity by the same purchasing power "'
gwen III ,' he sc~essuy claimed that monon ns a.
r-m or bimetallism or any o,l'' r'1der both Mono
absolutely just standard OF Niiue tnn,en, axes ne
matall am and h.metallism ihe mss WITH
weight AMI hnencss " 'ne Io''S an.r. he mnts :,
legal-;enGer qualities. ana men w the psrchas'ng
iis unrestricted coinage .'I1.,es. h, ,hc numbS
power OF the dollar 10 be ieifrir'u'n r ,,,nonsa.
/ ~ dollars BimeiallI-m Is 1r'-ef Us ~. .hs,A
ism moi because 10 gives ~ a r'fi''l f ,,,rhsS
A dollar absolutely unNarNlng IN li- $50, sppreA,a
ing power-bui because Il makes "a ,hsr A ga
I'd stability. 20 honesty. % JpsN.,.. ,b.n tasrs
standard possibly can Prior 70 -, y. ,,ii ard
ysrn anaurb omen minis % permit al ne 90. 10
silver available for coinage to ma ' ,.I 4 s;a,es
worlds volume OF standard money. tAf nc. L.. a.
might nave maintained A gold STANDARD VII, shsa
Jury 20 the people 90 ms country .t..t snhanres
each -tep toward universal g'il -t''' les nd
the purchasing power u so-I --.- ---------=