The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-21

| lieVed the man who used tobacco could
not smoke or chew 100 times as much.
under the same circumstances, for that
would kill him, too. (Laughter9 You
will recognize the fact that people
with small incomes pay more in pro-
portion than those with large ones.
Now, the duties on imports are levied
on what we import 10 eat ana wear.
and you viii see the man who pays the
duty on something 70 cat would have
to eat 100 times as much as the other
! fellow in order TO get his Just proper
ton on a Guty-Daying matter. where
the money was collected on catahle
articles. and that would kill him, too.
] Oaughter)
When I think of this condition I am
reminded. too. of the story watch saws
rich man is looking Tor stomach for
his food. while the poor man IS looking
for food for his stomach. (I-auShJsr) D Z
you collect as much from the nan with
the small income IS the man with the
large, who do you suppose W.a say this
there will The man with the larse IN
come VIII say il is right every time.
daughter and cheers.e
Well. we passed a law levyirg an IN
come tax The opponents of the measure
took Z TO the supreme court ard that.
body. BY a majority of one. said we I'D
/ 10 right. under the constitution. 10 levy
It 1 remember when this measure --as
n congress. chat q member from New
OK SdiC the act Was not CONSTITUTIONAL.
ala we laughed at ki1n' tod Aim we nad
TIE authority Of the supreme court Tor
tire action ard that all the precedcnts
acre in our favor He replied YES. but
IRE court is liable 10 cnalge It's c-i1ioa
, - any time. and ia the end he rAd the
laugh on Us tLaughter.l This -lea sure
was objected 10 by members from New
York on the ground that q would work 70
hardship on that state il tlis that IL
would have TO -ay t-e bulk of the -
come Ia offered them q solution o.
the problem. Il was good Ofcr too. u
tod them If they woCld give Us IN toe
west the incomes we would pay the taxes.
(Laughter) And they rejected il. IKE
newed cheers.)
Wei. that law was wioed out Our op-
.ponents accuse US OF Cf.tic.s-rS the su-
preme court N our platform a-G point
to it horrible thing TO do. When you
want to read criticism OF that decision set
the dissenting opinions. Read them One
of tSem said the Judgment OF the court
was Dernictous. in this that . said the
people had no right 10 levy an income tax
IN time of war; when TIE very lie Of
the nation might be threatened. 4 pre-
sumo the only relief we could get in that
emergency would be 10 pass an act COM
polling people to use tobacco and LIQUOR
so that taxes might be increased
Naughter-l
ing. and it is not far distant when in
comes VIII be taxed. when people shall
have b. their votes offered ana passed
an amendment TO the constitution which
=
FOR the support Of the government.
Now there is another question which is
agitating the people. and that is. what
shall we Go fc- paper money! Some
people do not like the government green
backs and who are they2 The national
bankers. Who else denies they are good
No one. The national banks hadn't ought
to do this for they redeemed their notes
with them during the war and after
wards. when they found they were equal
to the emergency Why 90 they want to
them l.
they are not making enough out of them.
(Applause.)
When I want to read something funny
| do not so to some great humOrist and
take what he says. On. no. I Just get
an opinion from some of the sound finan-
ciers of the country. One of them down
IN New York short time ago said the
best plan for the beJterment of the cur
rency was TO retire the g-eenbaclzs and
permit the banks. the national banks, TO
issue their notes to the fuU value OF
their bonds deposited at par. He sug-
gested the tax on national bank notes be !
removed and thai fhe bonds be low in |
terest bearing bonds OF per cent That /
would mean that THE banker could take {
$4,000 and buy bonds. deposit them with 1
the government. issue 10 the full limit !
pay no interest on its notes. and at the /
same time get s. 900 wear from the
bonds If that is not making something ]
out OF nothing. then 60 not know what I
II IS sApplause9 1 don see. how man 4
can advance a proposition Ike that and +
keep his face straight Gaugater.)
The national bank act is something like /
the subtreasury act. oy which it was I
his farm to the value of 80 per cent Of ii. [
The only difference is that the farmer /
wanted TO pay interest on something. /
while the banker wanted TO pay interest [
on nothing. tApplaUse) l was opposed L
to both these measures for l did not be- /
lieve II either. Now. take a man. say |
a blacksmith, who has saved enough from /
his hard earnings to buy a Sl.0c0 bond He /
keeps II and draws the interest or il. (
He makes the interest every year. she I
banker takes 100 of these bonds and in |
vests them. draws the interest and makes
a Sood thing OF IL. / nave heard that /
you must either eat your cake or keep il.
cake and keeping it. The reason why
the bankers want the currency retired
and notes issued is because as The Debit
IS paid the premium on the bonds becomes
tain. The profits on the business are
less.
I Understand that now we are . have
a commission o. the currency AID tat
banks are TO be permitted to issue on
property which is less valuable even taaa
the bonds. Yet they call that s1sill m0l-
ey, ana when we say that we are salts
ned with gold and silver as bass and
the promise TO pay of the government.
they claim We are enemies of law and or
der. (Applauss.1
Bur the tax matter and the paper Uoa-
e. question can ae settled at any time
But b.m5fallssn must be settled right
now Il is q question which T sss b Glar
and goes deeper chan all the -sst f. 81
Is the question on which hangs orr in1a-
pendence. We are TO decide whether ~
have the right TO dic-ate the policy Of
our government or whether We shall leave
Il % . few foreign financiers VIII YOU
submit TO that2 Ceres of No. nsver,'D
In the last campaign We dzd not re alsze
the situation We thought the common
people would rally to our Standard IN
greater numbers than they did. But the
employer coerced his employees and told
them if silver was the victor. there would
be no more work. while if god Won chare
would be ample He believed IL. to- IFS
banker had told him The New York hank
or had told his banker and the banker of
Europe had been in communication with
the banker in New York. and 4 came
down the line.
For some time We have been tinkerins
with the tariff question. We have been
old IL was the all-pervading issue. When
the bjil for tariff reform passed ~ the
Democrats did not work as Il was b.
teved II would; when hard times c0ntin-
lcd. we looked and found the financ.ers
had been working on the money question
ali the time we had been working on the
-ariff- The financial influence seXerted an
influence on the late election such as was
never eXerted before.
The trouble with these men is they
.hink society is constructed from the top
Town. instead OF from the bottom up.
iacity TO send out a circular in wrtoh he
stated that when the banks and business
men did well. the farmers and lab0rers