The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1898-05-20
of production by centralizing capital.


dizing, railroading,s manufacturing,
farming-in everything except dealing
in some form of non-p productive and
usurious capital.
Thus far we have stated two conclu-
siOns:
/. That all war taxes on the neces-
saries of life and on the small luxuries
of the people force the further CEN
tralization Of money and it's control in
few and fewer hands.
2. That every issue of war-bonds,
withdrawing capital from business, eff
fects the same purpose and, by laying
fixed charges" on all forms of bust
ness-on all actual production and dis
neutrality-suspicious. plutocracy more
effectually than the old system Of land
holding by entail and primogeniture
which Jefferson overthrow, 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, popularity
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
productive 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-
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use the capital withdrawn from circu-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
ings in our cellars, but bond issue
takes them away from us.
So on the other hand. plutocracy may
lock it's boards deep in bank vaults and
in safe-deposit vaults, but every issue
of national defense greenbacks, every
additional dollar Of silver coined;
every increase in the circulation of
actual money (not bank notes. made
necessary by war, puts the cost Of the
war on the plutocracy.
The issue, in word is this-every
bond issue means that the people shall
bear the whole expense of war and shall
pay a war indemnity Of thousands of
millions in interest for years after the
war is over to support productive
plutocracy.
The issue of national defense green
backs means that the chief burden of
war shall be imposed on the boards of
the plutocracy.
We must either increase the taxes
on industry, and in addition we must
paralyZe the activities of our workers
by withdrawing active capital through
bond issues, or we must force through
an income tax amendment, coin silver
to the utmost possible extent and sup
plement it all with as many millions
OF national defense treasury notes as
are needed to carry on the war.
The country can take thousand mil
lions of fresh currency, gold, silver and
greenbacks to the utmost advantage.
By the same rule, under which taxes
on the masses of the people and the
withdrawal of money from business
PROSTATE industry in all lines, the issue
of larger supplies of currency for ma
tional defense blooms business" and
increases activity in all lines-except
that of money broking and bond spec,
ulating.
The war bond is the most atrocious
device the devil ever invented for TAX
ing the wealth Of the many and giving
tito the few. But the war greenback
is the mightiest of all modern inven-
tions-the invention by which the in
ternatiQnal nlItncracy the xrlturo. af