Natchitoches populist., 1898-06-17

SlOnS.
/. That all war taxes on the neces
saries of life and on the small luxurieE
Of the people force the further cen
tralization of money and its control il
few and fewer hands,
g., That every issue of War-bonds
withdrawing capital from business, ef
fects the same purpose and, by laying
fixed charges on all iforms of bust
ness-on all actual production and dis
tribution-perpetuates plutocracy more
effectually than the old system Of land
holding by entail and primogeniture
which Jefferson overthrew, perpetual.
ed land-holding nobility. :.
So much for the causes which create
the Plutocracy of usurious war-lords
who become war-lords by virtue of con-
trolling the worlds money supply.
They seek more taxes on the people
and more war bonds with interest to
be paid from the gains of industry OF
all kinds.
The war bond, which perpetuates
their power, is the greatest of all mod
ern inventions in finance except one
the similar but smaller piece of green
paper-the national defense, non-inter-
est bearing treasury note, popularly
called the greenback.
1t is not becoming for men who wish
to get at scientific knowledge to shrink
back from facts. The plain facts of
this situation are these:
First-Ever dollar OF interest bear
ing green paper issued as war bonds
withdraws money from the pockets of
all legitimate business men and pro-
ducers and piles it up in the vaults of
non-productiye capitalists.
SeCond-EVery dollar of additional
gold and silver coin or Of non-interest
bearing green paper issued to circulate
in the form Of national defense treas
ury notes to circulate as money. re-
leases in so much the pressure for
money boarded by the "bondocratic"
class. That is to say, every silver dol
lar coined and every greenback dollar
printed for national defense helps to
force into circulation for the common
use the capital withdrawn from circu-
lation by the plutocratic class. Bonds
take from the people for the plutocrats.
Defense fund greenbacks take from the
plutocrats for the people.
We may lock our doors, fasten down
our windows and bury our small saw
ngs in our cellars, but a bond issue
.akes them away from US.
So on the other hand, plutocracy may
oek its boards deep in bank vaults and
n safe-deposit vaults, but every issue
If national defense greenbacks, every
additional dollar of silver coined;
svery increase in the circulation OF
actual money (not bank notes) made
necessary by war, puts the cost Of the
var on the plutocracy.
The issue, In word, Is this-eyery
)ond issue means that the people shall
,ear the whole expense Of war and shall
lay war indemnity of thousands OF
Millions in interest for years after the
var is over to support a n-productive
,lutoeracy.
The issue of national defense green
'acks means that the chief burden of
var shall be imposed on the boards of
he plutocracy.
We must either increase the taxes
n industry, and in addition we must
aralyze the activities of our workers
y withdrawing active capital through
ond issues, or we must force through
n income tax amendment, coin silver
D the utmost possible extent and sup
lement 1t all with as many millions
[ national defense treasury notes as
re needed to carry on the war.
The country can take thousand mil
ons of fresh currency, gold, silver and
reenbacks to the utmost advantage.
y the same rule, under which taxes
n the masses of the people and the
ithdrawal Of money from business
rostrate industry in all lines, the issue
larger supplies of currency for ma
onal defense Blooms business" and
creases activity in all lines except
lat of money broking and bond spec
ating.
The war bond is the most atrocIous |
.vice the devil ever invented for TAX
g the wealth of the many and giving
to the few. But the war greenback
the mightiest of all modern inven-
ons-the invention by which the in
irrational plutoeracy, the yu1tures Of
ury and unjust gain, who during the
hole Of the century have forced one
ar after another that they might
ow fat on carnage, will finally be
mpelled to dread war as the worst
ssible evil, In that 1t will be the op-
rtunity of the people to force them
disgorge.
". M. Norton, a republican editor at
allas, Tex, struck dumb by financial
sses on account of the wave OF repub-
an prosperity, committed suicide by