The St. Louis Republic., 1900-08-22

hundred millions of dollars in excess of the
cost of the last administration of President
Cleveland. The extravaganza of the Re-
publican national administration is further
which was only s6.09 in 1856 but in excess
of s61s in 1870 How long the people will
continue to tolerate the. exactions Of the
Republican treasury spoliators remains to
be seen. Our people are long suffering, 1t
is true, but the time is not far distant
when revolution In public sentiment VIII
whatever may be the party name, who have
wantonly squandered the public money, ana
thus proven faithless to their trusts.
The Income Tax.
The demand for an income tax IS not only
just and righteous. but IN entire accord
with the policy of this Republic until the
claring its unconstitutionality. That de-
cision reversed the decision and precedents
of that august tribunal for century, ana
the country shares the apprehension OF MT
Justice Brown, a Republican Judge, in his
dissenting opinion, when he expressed the
fear that the decision might in some hour
the Government. The income tax has here
tofore been powerful agent In sustaining
the Treasury when threatened with depie-
ton and exhaustion. The tax upon incomes
! revenue during the civil strife, and did
that" that unhappy period The recent war with
! Spain has emphasized the baneful effects
: of the decision of the Supreme Court That
. war called 10 UliIlI lilc oLciu lGSt tAeS
while the Government had the power to
/ call its citizens into the army and navy
to defend the national honor 1t ,1, mad no
| lated wealth to bear its Just proportion Of
| the expenses of government. The SON and
| the husband and the father could be re-
| quired to follow our flag up San Juan hill.
| or battle with Dewey in Manila Bay, or
! with Schley off Santiago. but no levy couid
be made on the INCOMES OF gre geda6 dT weah nvnc 70
| bic army. The justice Of an income tax
| could not be more forcefuliy stated than
deas easer in Mn Bryan He says hre
Visible property is taxed and the invisible
| property escapes, the possessors OF visible
/ for the evasion Of those who possess IN,
/ visible property. But even when property
tax is honestly collected upon all forms OF
fair tax as an income tax. Property
may be temporarily unproductive.
farmer pays taxes on his land, tHe 'aS
! a money lender pays a tax upon his money
| his security may fail. or there may De ,siaa da
fault in the paymaens, OF ,tis, tng 10 the cSndi
! tion OF the taxpayers. being large when
| the income is large and small whom the In
| come Is SMALL
! The Trust Evil.
| My felow-citizens, time forbids an ex.
| tended discussion of the great question OF
| trusts. Their evil effects are almost every
! where apparent. The issue of competition
| against consolidation is one fraught with
/ tremendous effects upon the happiness and
| prosperity of the great body of the people,
! This is an era of consolidation and con-
centration. the result in part & ct q striking
| revolution in our industrial civilization, due
| to the discoveries Of the powers or steam
and electricity, and their application to ma
! chinery. together with unwise LEGISLATION.
legislation is in the direction OF powerful
monopolies. 1t is not possible. neither Is it
! desirable to put a limit upon the inventive
{ ar;r of DeDDle. Invention has made
ct Even p0HssSr iaxurles to the the homes Of the
| beneficent legislation, should harness the
! mighty forces of this civilization for the
benefit of all the people there would be
of our domestic future. The spirit of inven-
ton has hovered over the troubled waters
| of human toll until the transformation is
; the marvel of the age. Invention has
wrought mighty and enormously increased
| production in every arena Of enterprise.
| There has been enlarged production on the
farms. in the mines. in the manufactories---
| wherever there Is labor. and there should
| also be a cheapeninS of the output and con-
sequent increase of consumption; thus In
creasing the employment of labor. BY the
aid of labor-saving machinery 800 hands In
the manufacture of agricultural implements
can now do the work formerly requiring
22O0 men. In the manufacture of boots and
shoes one hand now does the work formerly
requiring five men; in the manufacture of
carpets one man can now accomplish re-
suit which in other days required ten to
twenty men; in spinning a like increase of
production is seen; and in the great indus
tries of cotton and woolen goods, iron, steel
sawed lumber, paper. flour and grist mills
it is estimated that 5lI ,259 persons with the
aid of machinery perform the labor for
merly requiring 15,495.093 persons.
MonopolIeS are essential to the organiZa-
ton of trusts. because they cannot exist In
the presence of competition, 1t follows
/ therefore, logically. that trusts are the rich
| frliltage of monopolies. One of the great
| writer's ON political economy anticipated the
| present condition of our country in the
terse statement that, Where competition
is not monopoly is" Another writer of EN-.
inent ability declared with the elnpha sis
of unanswerable logic that where combi.
nation is possible competition is Impossible !.
Mr.. Chairman, 1t being obvious that trusts
could not exist If there was fair competition
the people must ascertain the causes which
prevent competition In order to make ar
Intelligent application of remedial leeisla.
i ton. 1t will not be denied that there are
. ! certain trusts which are due to the monon.
oily of natural advantages. The anthracite
coal trust is notable example Of this char
acter of trust due to the ownership by a
. few individuals of the only anthracite coa
mines In the United States. There il an.
, other kind of trust due in part to a monon.
: oily of natural advantages and in part r
j the advantages incident to our patent law
! and the discrimination by railroad comma
, | MES In their favor.
) The Standard Oil Trust is a conspicuou,
| example of this character of trusts Th.
! ownership Of the best patent for refinins