The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1898-01-11

products n hEUACieS
shall not be assessed for taxation the
first solar year in which they are pro
duced.
() All partnerships, companies, cor
p~oratione, trusts or other combina-
tions of capital whereby profits may
accrue to the owners or bondholders
thereof shall be considered as individ.
ual or single properties for taxation
and all land shall be assessed at it's vel
ne for usefulness, to the end that large
holdings shall be prevented and the
poor aided and encouraged to own
homes.
() The net proceeds of import or
tariff duties shall constitute q public
free school fund, TO be distributed
among all the states equally according
to population of school ages from 6 to
81 years, to assist the people in main
tanning free public schools.
III. TRANSPORTATION.
(G) All means of public transporta
tion, communication and other like
public utilities shall be owned and op
/ Grated by the government at cost as
soon as possible when aided by the
monetary system as hereinbefore pro
vided.
(6) ALI domestic appointive officers
and employees in government or pub
lie utility service shall be under q Civil
Service Commission rigidly controlled
by just and equitable laws so admin
istered as to absolve all appointments
and service from partisan politics.
~. REFERENDUM.
(a) The Initiative and Referendum
System of government shall be adopted
by which the people shall be heard in
petition for legislative action and also
have the right to adopt o. reject by
vote all laws enacted for them.
/ learn that these principles which
are not new, only the old platform in
new dress, are being strongly urged by
our friends and sharply criticised by
our opponents, both of which argues
much in their favor.
AS we proceed to investigate the
finances, we should first understand
what money is, and its use, or in a
word, we must analizs it. In doing
this we must be just, honest and IN
prejudiced, having no preconceived
ideas about it that we shall not per,
nit to be overthroWn provided our
Judgment dictates it so.
To ask, What is moneys might seem
like q foolish question, for we have the
common answer: ut is coined gold or
coined gold and silver" To say, mo
it is not" thus giving this old, time
honored answer the fat lie, would be
rather abrupt, and yet it is no more
than it deserves.
Everybody knows that money has a
a wonderful power and we must find
out whether that power is in the gold,
silver or paper upon which the money
stamp is placed or in the money stamp.
law. Lat US separate the one from the
other and view them
Coined gold and silver has two val
ues. To prove this we take one hundred
coined gold dollars and II hundred
coinedsilver dollars and drop them into
the furnaces. Directly there Will run
out a lump OF gold and a lump of ell
yer, each being worth SO much per
ounce, just like other chunks of gold
and silver.
This is it's commercial value. The
money power is gone. TO say that
gold or Siver or paper as material cub
stances have any more influence on our
monetary or financial system than the
same commercial value in wheat or
iron, stone or coal would be ridiculous
nonsense and there is not a farmer, nor
blacksmith nor coal digger who does
not understand this when he thinks
about it five minutes.
Yet everybody knows that gold, sill
yer and paper, Is money, have a tire
mendous Influence on our financial and
commercial systems.
SAMUEL ARCHER
MICA. N. Q.
Go BE CoNTINUED.)