Evening journal., 1900-02-12
But FEW OF THE SORT.

"A million dollars a day is wrungl
from the people by internal revenueI
taxation and turned over to New York
national banks to speculate on. Three
hundred and sixty-fve millions Of dol
lars year turned over to pet institu-
tons 10 lend to the very people who
have just been robbed OF II by taxation,
Is nice plum, and yet we are told that
we are living under the best govern
ment the world ever saw. "-Seaford
News.
There can be but one Of these rea-
sons for writing and uttering such
Misrepresentation as the foregoing.
% Ignorance OF the facts, conditions,
causes and purposes OF acts and opera
tions. (9 A constituencies partisan
purpose to lie for purely partisan pur-
poses. CD A wicked desire to mislead
the uniformed and to incite them to
riot and anarchy in passion against
the wealthy. (D An imbecile faith In
the yellow journals and yellow polltl-
clans who deliberately evolve those
mischievous lies for reasons and 3.
In the first place, the editorial quoted
seeks to produce belief that the sole
object Of the revenue tax is to oppres-
sively procure money from unwilling
victlmsofa tyrannous government ex-
clusively for the purpose Of supplying
it free to banks in order to enable them
to lend it at unreasonable interest ~
the needy.
Not one Of those allegations is true
The amount Of the revenue tax is IN
each instance so very small that It i.
never oppressive to the individual II
IS required TO meet the necessary ex,
penses Of government and it IS m,
method that imposes least burden upo,
the people-a method that. Imposes n,
burden.
ms IS the only government tina.
has monetary system that locks n,
the nations funds and keeps them on
or circulation. For this reason II lon,
ago became absolutely necessary tina
some method Of avoiding withdraw
OF government funds from clrculatlol
De devised, and that remedy was foun.
IN deposit Of the revenues in banks
The editor quoted, like the viciou
yellow papers that it initiates. bv NO
slecting to state All OF the facts on
deayor2 to propagate falsehood to IN
enect that the system is an iniouitou
one recently devised and corruptlv IN
augurated by Secretary Gage as a pur,
~ republican iniquity The truth is tina
the system is one that has been we
tried aud has been employed heret,
rore by both democratic and repnbl
can administrations. Hoardinp N
revenues until It becomes requisite
pay them out results in disastrous co,
traction Of the circulating capital IN,
is indispensable for business nrosne
ity- Contraction Of the currency el
aoles the banks TO exact enormous i,
terest from business men and cans
panics that wreck and impoverisb mo
chant and manufacturer and denrr
labor Of employment. The banks IN
become repositories for these COVER
ment funds do not receive them as :
lected favorites, but by deposit Of 20
eminent bonds as security for the fun
deposited with them for use Of bul
ness men.
There IS but one alternative for Il
method Of leaving the money availal
for circulation-the purchase OF &C
ernmeut bonds. That is less satisf;
tory because It enables bondholdcrs
exact q premium for the bonds, Ct I
expepte Of the people.
The man who seeks to make
seaders and bearers believe that II
are robbed b. taxation in this COZ
riff