Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1899-03-17
OUR CANDIDATE IN 1900
Real Estate.

Real Estate.
Real estate continues to decline in
price in all American cities. The
commercial press of the country may
shrek prosperity, but delinquent tax
sales continue to multiply just the
same. The depressed condition of real
estate must not only continue, but
must grow worse each year until the
mad experiment of the gold standard
lie abandoned. Nothing can relieve
real estate from depression and pre-
vent such depression from being aug
mented as one year succeeds another,
until there is such an increase in the
volume of money that dollars. instead
of increasing in value, will not only
stop approaching, but the movement
be slightly turned in the opposite di-
rection.
The past year has added enormous
ly to the fortunes of some, and the
coming year will add enormously to
the fortunes of others, but both years
will show that the owners of real es-
tate generally are losers. Manufac-
turers can form a trust and by the e1-
ercise of despotic power limit the sup
ply of their product, fix the price and
dictate the terms upon which they
will be sold to their customers. By
thus combining they are able to take
property, the aggregate cost of which
is say fifteen million dollars, and
make it pay dividends on valuation
of from forty to sixty millions. They
can issue and sell trust certificates to
an amount greater than the original
value of their plants and invest the
proceeds in state or city bonds, and
still retain control of their original
business by virtue of retaining in
their own possession two-thirds of the
trust certificates issued. The indus
tries that are being combined into
trusts and manipulated upon the
markets are prosperous. Last year
was harvest year for them and they
have started off we'll this year.
The earnings of trusts and the in
comes of bondholders are exempt
from taxation. The income tax de-
cision made it impossible to tax the
trusts. 1t may be contended that the
property of trusts is taxed. This is
only seemingly true. The trust being
an Industrial despot with power to
fix the price of it's products and com
pei the community to pay their price,
are able to shift the burdens of taxa
ton on to their customers. In fact
they consult the demand for their
products and the tariff schedules and
then fix the price of their products,
these being the only factors aside
from their own greed that plays any
part in the game.
Transportation charges are now
fixed charges upon consumption and
the people have just learned that
the great transportation companies
not only have their attorneys in the
state and national gislatures but on
the supreme courts of both the state
and the nation as well. The tax-gath-
erer, backed by the sheriff and the
army, collects the incomes of the
bondnolders. The trusts fix their own
prices, and real estate and human la
Dor must furnish the incomes for all.
Under the circumstances there is and
can be no relief for real estate while
dollars are increasing in value. OF
course in the end an impoverished
people will consume less and the
trusts and all other classes but the
holders of bonds based upon the tax
Ing power will eventually become
losers, but long before that time our
people will become dependent ten.
antry.
When will the people learn the pow.
er OF money and refuse to shut out OF
their own lives the sunlight OF heay.
ems bounty by being duped by the
money changers. The perfidy Of
Cleveland enabled the masses of the
Democratic party to discover theil
wn political plumbers. They had the
manhood to raise the standard of re-
bellion against the money power
within their own organization and ef.
feet regeneration of the party in
1895. The Republican party is bound
hand and foot in the tolls Of the bond
holders and trusts. They cannot de.
ceive their voters again. In 1900 the
regenerated Democracy willrepresent
the interestsso the legitimate produc-
ers, taxpayers, laborers, and real es-
tate owners of the country, and
through the success of that party only
can the people find relief from the
extortions of the money changers and
monopolies.-Silver Knight Watch
man.
DUTY" and DESTINY" favorite
words in the mouth of President Nc.
Kfnley, interpreted by the acts of his
party followers means it is the duty
Of the people to submit to that de-
Orao IF e,roup avf 80 ro ILo4