Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-02-13
ivy ELVE PAGES
TUESDAY. FEBRUARY 10, 1909.
HOW THE CAME IS PLAYED /


The peculiar vice and fragrant crime
of the ruling clements Of the Republ-
can party, as now constituted, is that
they are eager and aggressive accom-
+ plices OF the moneyed, organized and
mercennry interests, against the public,
WITHOUT REGARD TO PARTY, and
4 the bold and ready allies of the Office
/, holders, ofiice-seekers and scurvy politi-
i cians, against the people. The present
administration and Congress are glib
q advocates and blind ndherents OF spe-
cial privileges and inordinatc preten-
4 sions over common right and general
Ielfare;-STILL WITHOUT REGARD
loading the rich with favors at the cx-
pense of government and people, is
b Republican scheme to avoid the pater-
nal error of promoting poverty by en-
couraging it,. Give him that hath so
Z that he shall have abundantly; burt
from him that hath not, take even that
he hath.
lst-Exempt the rich from taxation.
& md put 1t all on the poor! The tax
{son income has been pronounced Jun
CONSTITUTIONAL and the rich only have
Incomes worth assessing: and 1t will
not be long before the rich, as far as
possible, will have all their visible
means of support" transformed into
exempt income. or other exempt prop
erty.
AIS
o. 4 A -
according 10 amount of income, is the
only way 10 reQCite the inqutes OF
an assessment OF taxable values ever
variable IN kind, place. &c, and is the
only process by which 10 approximate
that uniformity IN taxation which all
constitutions prescribe And so the
mortgage, n secured and interest bear
Ing bond. is the crca ton of 4 new prop
criy. of The most desirable kind for in
vestment: and it is no more double
eXaction to tax ii to it's fun face value
than If it were money itsclf-gold! In
fact, as 1t amply secures the money
X principal and the interest, it is worth
subject to taxes.
Sd.-Public bonds, of all kinds ana
degrees, are usually wholly exempt
from all imnosts whatever above or
below. and certainly below: as Il United
States bond is exempt from Federal.
State, City and all other assessments;
& q State bond from all State, City and
county burdens: The City and county
d de hoi nft
county or city taxes, but from State
taxes. by special act.
saA What all enormous sum Is this OK
empt for the exclusive benefit of the
favored few! The average value OF this
exemption in the United States from all
\ taxes. as a u. S. bond is exempt, is
# said to be 3% per cent, and in some
cases greater; and thus we see that an
exempt bond, bearing 2 per cent in
:. terest is equivalent 10 n 5% per cent
bond. not exempt. If the pending SEN
n nte currency bill pass, with its refund
Z ing scheme, the nominal per cent
4 bonds to be issued, payable in gold and
& exchanged for the old coin-bonds at a
liberal allowance on their present
value, will be equal in value to n coin
s bond, unexenpt from taxation. bear
y Ing 9 per cent. interest or more.
What Il stupendous sum of property,
y or money, that should pay It's fair pro
portion of taxes. is thus withdrawn
Il from the revenue.
we have only entered upon the outer
q ed ge of this vast domain where wealth
Ss kyades It's burdens and responsibilities