davidaulloa/AmericanStories huggingface dataset:
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

SERFS TO THE TRUSTS

In an editorial in its issue of Satur.
day, February 4, 1893. the Globe Demo-
crat strenuously demanded vigorous and
decisive action against the Sugar Trust.
which it stigmatized rs 4 'nefarious
concern rightly claiming that the
~ Trust constituted a conspiracy
against the laws of trade and the in
terests of the people,"
II Is exactly along these lines that The
Republic and the Democratic party are
now conducting a campaign against the
trusts In the interests of trade and Of
the people. These monopoly corpora
lions are destroying legitimate COMPETE
tive trade and robbing the people. As
the Globe-Democrat truthfulIy said. the
practices of the trusts are practices
contrary to the rules Of right and 1us-
tice, and tend TO put exorbitant profits
into the pockets Of the few at the ex-
pensc Of the many"
Most regrettable among the many evils
of trustism as they were pointed IL
seven years ago by the Globe Democrat,
the organ Of trustism to-day, are the
destruction of individual independence
In the business world and the closing Of
careers of comfortable independence to
the young men of this country. Private
business partnerships are now hopeless
to contend against trust monopoly.
They are crushed as a giant brushes a
fly that disturbs him. The young man
beginning his life work In a clerkship
these days may look forward to being a
clerk for the rest of his life. He cannot
establish a business of his own with
any chance Of success. All fields are
monopolized by the trusts. He is at
liberty to clerk for the trusts. but higher
than this the average American may not
hope to climb.
This is a most serious problem for the
American people to face. The Republic
would be delighted to welcome the
Globe-Democrat back into the antitrust
ranks. That paper vas brave enough
to tell the truth about the trusts in 1893.
The necessity for the truth, and for ac-
ton on the truth. is tenfOld greater now
than 1t was seven years ago. Will not
the Globe Democrat come back into line
and strive honestly for the people
against the trusts?
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21
Failure of the Tax on Mortgages.

The system fails not from any lack of exercise Of tho hufn power OF The State but
because it has proven practically impossible to- compel the listing Of thu mortgage notes
for taxation. and with the Ncepuon of uec comparatively mail amount secured from
administrator and trustees. and Indirectly through the taxation of hanks and rust
onrani mortgages lave practically gone untaxeL The sense of injustice therefore
that the owner of the popertyf feels in icing required to pay a tax or the full assessed
value III its value TO him is reduced by the amomt of the mortgage, Is increased by
the recTnzelf fact that the mortgage as a rhe escapes taxation
w remedies hweb zen applied TO thtsa admitted failure Of the law. Frs the cx-
enpuono Of mortgages and reaching thatcm class Of property through other forms Of AKA
tbn. This is the. sysmm adopted In Massahusets and other
Massachusetts states "hFe mortgages ire virtually exempt from taxation, Win
System ry te arr,cuono NJ ,nsicr csr,,, smrt .a oHer ramadv
suggested Is what Is known ~ the California system of taxing
separately the nortgaged interet M the equity In the mortaced property, both Inter-
essb ng treated as interests the real estate for The purposes of taxaton. Ts, ss
TEN vas adopted in california in 1879 and is still the law of that
~.cf.. State
System. g., oroaon tw Os,a,an Is q" - "a - 49, 49," c~o. 81,
the rnheds States. as apphed to mortgages owned by citizens of
other Estates and in heir possession outside Of the State, not to contravene tho Cmi-
tuition of the United States the court saying:
The State nay tax real estate mortgages as Il may oil oher
California System property within its jurisdiction at its funv value. 1t MAJ d this
Not Vnhhve ener taxing INC mole " the mortsagor or taxing to the mort
n ~ gage the interest therein represented by the mortsage. and to the
Shuhon. the purposes of taxation. either treat the mortgage debt as per-
smal property to he taxed like oher ch@cs in action t. the cred
sora his dorhneo or treat the mortgagees interest In the land as real estate to be
taxed to him like ohr real property at its stus"
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21
SIN.

1t annot be truthfully charged by Nc
Kinley Republicans that the detection
of Judge Rombauer from the ranks of
present-day Republicanism is the act
Of a renegade to the party of Abraham
Lincoln or of a self-seeker who per-
ceives a promise of personal profit in a
change of parties.
Judge Rombauer himself clearly shows
that he Is more faithful to the Republic
an creed to which Lincoln subscribed
than is the Mckinleyite party of to-day,
and that for this reason. indeed, he is
compelled to align himself against that
party. Under Mr.. McKinley's guidance
the Republican policies are now dis
tinctly hostile to the principles N
nounced In the Declaration of Indepen-
dence, they stand instead for foreign
conquest and the subjugatiop of weaker
peoples, they have prevailed TO sur
render American IN and indus
tries to the monopoly trusts, they have
nullified as far as was possible the OPP
Grafton of the civil service law, they
have compelled us to ignore the appeals
of other peoples striving for liberty.
they have degraded the American flag
into an emblem Of fOrcible government.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21
OMNIBUS

In the news accounts of the closing
down OF many of the rollin. mills Ie-
longing 10 the Steel Trust, for the
alleged reason that customers will not
place orders until they know the result
OF the elections. there is found Il re-
vival OF the trust tactics of 1S,r; by
which workmen We're notified that they
must vote for Mckinley or lose their
jobs.
The Steel Trust mills. the news 10.
ports themselves tell us. are already
loaded with orders from the various
railroads.. calling for 1J0.00o tons of
Steel rails contracted for nj trust prices.
nevertheless it closes down the mills
and intiniates that future steady work
for its employees depends upon the re-
election of Mr.. Mckinley.
lnsolent and ominous as Is this course.
il will not surprise the American pco-
pie Every influence possible to the
trusts Is being brought to bear in Mr..
Mchlniey's behalf. Their o Is in
Mark Hanna's hands In the shape of n
Soo.ooo,OOO slush fund for campaign
use. All the pressure possible in the
business and industrial world ia being
eSerted by them. In so far as their
power to control the votes of their en-
pioyes Is concerned they will use that
power mercilessly. The new Steel Trust
development amply supports the truth
of this assertion.
The American people have a hard
hight ahead Of them, but they can win
If they are sternly resolved to overcome
this tremendous evil of trust domina-
tioh. lhelr votes can crush the trusts,
and their votes are the only power ca
pahle Of this achievement. 1t is for the
people to exercise their richtful power
at the polls on November q to make GER
tain the overthrow of the trusts and the
party Of the trusts.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21
II Is for these reasons that Judge Rom
bauer refuses TO indorse them.

1t is for these reasons that Judge Rom
bauer refuses TO indorse them.
And in thus abandoning the party or
C%aniZation with which he has been iden-
titled for forty years. Judge Rombauer
personally has much TO lose. As he
points out. the majority of his friends
are Republicans. his c%lientase in the
practice of his profession is largely Re
publican. 1t is by the Republican party
that he has been honored with high
office. He cannot well replace his old
friends, he must abide by whatever loss
TO his practice may develop. he does not
look 10 the Democratic party for ar-
pointment TO Office. What he has done
he has done for principles sake.
There must. in truth. be something
radically wrong with 4 party which
forces such @ AS Judge Rombauer TO
sever the relations of a lifetime. Judge
Rombauer himself tells us what this
wrong thing is. The Republican party
1inder Mckinley has ceased to be an
American party.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21


There's nothing like a breezy laugh to frighten
off dull care.
There's nothing like n sunny song 10 cheer You.
There's nothing like a happy day out in the open
air
To show the beauty of the world that's near
you
For grieving is a ,yrant thing that holds its VIC
Tins close.
And bends them subject 30 its ruling only,
And cares p sullen master. all silent and
morosc.
Whose prisoners must Iansuish dumb and
lonely.
But arrogant and grim Of soul as both OF them
may he.
It takes but these TO work their ovcrshrowing-
A song that's light and fearless and a laugh
that's clear and free
And the open world where Gods sweet winds
are blowing.
Then a song instead of grievins, ana a laugh
in cares cisdain,
And a wholesome day out in the sunny wealth
or.
And the prison gates are vide ard broken is :he
chain.
And the gladstone things Of life SO free to-
gether!
RIPLEY D. SAUNDERS.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21
ARDIT

VIII the e-Democrat stick to the
issue of Its W making? 1t started ont
with the direct charge that the School
Fund had been looted. 1t was specific
In the statement that the money de-
rived from the School Fund had been
Incorporated and not used for the
schools.
From that charge the Globe-Democrat
has been driven In shame and confusion.
Even yesterday it repeated its with
drawal of the charge. saying: IF the
State bonds had been retained the pres
ent discussion would not have oc-
Cured"
What. then. Is the Globe Democrat
complaining about? 1t is chattering
nov about State bonds said to have
been Cancelled" Does it seriously mean
TO insinuate that the State bonds were
not really canceled2 II it means INV
thing so grave as that. why not come
out in plain language and make a
specific charge that may be understood
and comprehended?
Is II possible that the Globe Democrat
agrees with n M. W. Gustin," to
whom Ii surrendered yesterday a
column Of space on its editorial page?
This Gustin charges the Democratic of
ficials with stealing forty millions of
dollars. No paliry $4,000 900 will meas
ure the volume of the loot. according to
this discoverer. He declares the Demo-
Gratis are trying to hide the theft of ten
times that amount"
If the Globe-Democrat does not agree
with Gustin. why did it print his
monsirous lie in its columns without
contradiction or comment?
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21
CALIFORNIA CONSTITUTION.

AT. MI. Sec. 4 A MORTGAGE. deed Of trust con-
tract or other obligation by which a debt IL se-
cured shall. for purposes Of assessment and tax
alton. be deemed and treated "a an interest In the
property affected thereby: except as to railroad
and other quasi public corporations. IN the case
Of debt so secured. the value Of the property af-
fected by such mortgage. deed oe trust, contract
or obligation. less the value Of such security.
shall b. assessed and taxed to tho owner OF the
property. and the value OF such security shall be
assessed and taxed TO the owner thereof. In the
county. city or district IN which the property az
Ncted thereby Il situate. The taxes SO levied
shall be a lien upon the property and eecuaty.
and may be paid by either party to such security:
n paid By the owner OF such security tho tax 10
levied upon the property affected thereby shall
become a part Of the debt SO secured: II the own
e. Of the property shall pay the tax 20 levied on
such security. II shall constitute . payment there
on. and to this extent OF such payment. n full
discharge thereof. Provided. that II any such Sc
curity or Indebtedness shall be paid by any such
debtor or debtors. after assessment and before
the tax levy. the amount Of such levy may like
wise be retained by such debtor or debtors. and
shall he computed according 10 the tax levy for
the preceding year.
Sec. &. Every contract hereinafter made. BY
which a debtor Is Obliged to pay any tax or as
ssssment OF money loaned. or any mortgage. deed
Of trust. or other lien. shall, as TO any interes:
specified therein. and AZ to such tax or assess
ment, be null ard -o!d.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

~ Of American voters regard the Decla-
ration Of Independence as merely n skill.
fully eXpedient political u%ttcrance. to be
forgotten as soon as it has served our
turn, or as a solemn and binding pledge
placed In liherty's nam on the Amcri-
can people. The outlook will he omin-
Gus indeed If the American vote this
year shall be in favor of the party which
stands for the reputation Of a decIara.
ton SO long held sacred and iuyjOlate.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21
Mortgages on Property Out Of the State.

In thsc connecticut is proper to consider the ta1atOn Of MORTGAGES he'd IN M state
secured by property other Estates or counties Such mortgages are not included IN
thsp pending amendment. but tMya are sought to he made taxable under or la ss
SUPRA. p - The atempt to subject then to State taxauon is not only in the nature
of things mpractcatle but n is Inconsistent with the principles Of comfy which
should control I'm hertater Citations in taxation. II Is double taxation. in fact the
property represented " the security is taxed again In AM Jurisdiction It is assumed
that the property in another jurisdiction represented b. securities the hands ~ q
resident is taxed b hiatt Jurisdiction from which it rcefves potecuon. justa as We tax
less of where the scu1es representing the ropet or secured ~ II are held 1t il
ontyby the ecosniiono of thLsp principle in very form of taxation of am popertyth that
Justice can be secureda and doubtet taxation avoided in our system of dual soverasntes
and intimate intertetep property and business relations
AnDENDUM-A former citizen Of Missouri now a either Of California N ~
been. and Is a kge borrower in euensved development undertakings in that State ant
in Oregon, writes concerningt the Conclusions of Professor FfehmLa as above. and says:
without beneftng the State 1 believe the mortgage tai. law is a advantage o
the borrower and compIs him to pay more interest than With tho lw not upn the
statute books This is occaIonedb by the uncertainty that ways surrounds the tax
levy. which Of necessity compels the iendr ITO guess upon the amount likely to b
levied Inc he naturally suesses from onehaf to per cent more than tho amount
levied . " . Many borrowers y@f among the number. arfve al q secret under
standing with the lender. b y which the land is assessed With cumbrances' teh borrow
e thusb being enabled pay the I'LL tax upon the property an hen receiving the
actual reduction from hist tax Reh from his interest
Another objection to the mortgage tax law is thatN Encourages Tho Investment OF
money from other States and from foreign countries upon the theory that puts . re-
etrcton upon money. . . . 1t IS difficult to expant % nonresdens thatth his is Q tar
that does not tax
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

T T NDER theE law of Missouri, mortgages of real estate and noes secured by deeds
| Of rust upon real estate are personally property md are required to be listed by
- the holder. for taxation at his domNne like oher personal property. Tn. stat
ute provides that the term credits shall be held to include ali money haned or in
vested aud all Indebtedness secured by deed contract. mortgage or pledge of property
of Whatsoever Kind II is Therefore inTntSrtl where the property upon which the
n0rrageO deed of trust a lien, whether I'm this State or elsewhere. As ALREADY
Show the statute Alison makes taxable a the domhcle of the owner in this State all
nSts bonds or other evidences of debt which are held In any other State or Territory
The State has therefore exercised its utmost power in the taxation of this class Of prop
er. 1t taxes all the land in the State to its full huew without deduction for mortgage.
ana also taxes III the mortgages on the property in other jrisHctorsb ehneing. to the
citizens of this State. whether the bonds ad notes or other evidences of debt are in
,isS state or not The fleet of this" system IA already shown is to lax both the prop
ey- and The credn Mhosev value res upon the nrorcrty.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21
Proposed Mortgage Tax in New York.

This subject OF the taxation of mortgages asr recently been noroushy "hcseu IN
New York with reference to the proposed levy of a small tax upon mortgages a mcn
hower rate being proposed han that levied upon real estate. there being IN view f@n
no constitutional difficulty in tho way Of this difference in the tax rate on uneen'
classes of property. 1t was trenuouayu urged however, That the tax "uo operate 70
the prejudice of the borrowing class as WELL as Of the savings banks' whNh IN Nw
YORK invest vey heavily in this lass of securities and the proposed tax was fiea'en
1t would therefore follow that the adoption OF the proposed mendment wmd %
Ineffective in SO far as any relief to the holders or moftsaseuP prop
Ineffective ey is concerned. and would be HjTioust to our people and inaus
tries in dScouragnG thei Investment of foreign capta IN the state
On the other hand II may he's said that the amendment Is an Improvement on or
present system. in that wouhi abolish the anomaly of IN emp ddonne 1xann.
effective only against the srIpuhIIy honest and helpless But evenfn this aspect "
would be hlogkal and inconsistent with our. taxing system. In that 1t would tax nooes
of real estate upn the net ue of their lands less tho amounts borrowed thereon.
while taxing or tempting to tax the holders of personal property for their fh vaus'
irrespective Of what they owe thereon
The submission OF tsa mendmen however. indicates that public attention Is be-
ing awakene to the anomaHasa IND absurites of our present taxing system.a and gives
ground for hope thatw whatever the rt of the pending vote upon this mendnen .
just md cmprehensv system of taxation may yet through continued agitation, b
realized
Thso only effective and logical method. consistent with the theory Of our taxing ES
tenn IS to tax tho vaue of IL erel estate in the State oncea nd once only, leaving
morgagora d mortgage to make their W agreements as to tax.
-, alton With the vast disabilities of material development In Mis-
Ny Ho"'e souri, our people and our industries need the very best facilities
Method for mmanin capital ad We can III AFFORD to adpt a measure
vhkh has proven SO distinctive a failure in the State from which
It is copied
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

Every instance of Ziegenhein malad-
ministration and corruption Is an elo-
quent argument for the election OF a
Democratic Circuit Attorney and AS
sistant Circuit Attorney to get the facts
before grand juries and courts,
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

One NJ. w. Gustin, until now un-
known to fame, but unearthed by the
Globe Democrat for the purpose Of
fathering n number of reckless state
ments, has discovered that the Demo-
cratic party controlled and was re-
sponsible for the administration OF the
Missouri State government between
1861 and 1865. What next?
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

You may stake your soul with safety
on The conviction that the patriot en-
hattled farmers Of Lexington and Con-
cord did not fire 1.-The shot heard round
the world" in order that their sons
might conquer and subjugate weaker
n~aoplao
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

interest in the property But is not thai considerations equally apphcaoe
personal property wo UNDER our presnt system pays taxes not upon wM ~
less his debts. but upon hsh holding irrespective of his debts! some oa""
York allow debts owed by the person to be deducted from the personal pnop"y ~
turned by him. But our taxing system Is based on n radically dnnden's ss. c $50
hnguag of Professor thu il tnms Things and not persons" Our supreme os
says: 1T Is not what an Individual or corporation is worth over ad a""e
may be indebted which, taxed. but Is the property owned by enmro on "Wen "'
10 levied"
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

One Benjamin Harrison Of Indiana
probably still holds to his opinion that
all we may justly claim in the Philip
pines is a harbor and coaling station for
our ships.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

In fixing clear in your mind the duty
OF voting "Yes" on the Worlds Vail
amendments remember with equal clear
ness that those amendments will be
found numbered 4 and . Oh the ballot
which you vote.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

In making a note of your determine
ton to vote Yes" on the Worlds Fair
amendments November 6. make an addi.
tional note to the effect that those
amendments will be found numbered 4
and 5 on the ballot.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

Prosperous Missouri Is naturally not
kindly disposed toward n party which
sought to make her despised as the
"Rcbher State" and Poor old Mis-
souri,"
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21
Equality Of Tax
alton Between
Mortgagor and
Mortgage.


The proposed Mksouri endn adopts word for word the ansnase of the Cali
land from the morsasee to the morEasor b contract between them 1t is obvious
prevent the double taxation of the presents ystem-that h the taxation of the land
without deductint to the mortgagor. and the mortgage at the same m as personal
property to the mortgage h motgagor under this shifting {" the tax would con-
unue to pay the tax on the Vi assessed va lue of the land as before. as he would pay
the tax both on his W equity in the land on The interest Of the MORTGAGE he cf
Accurately. to eganze the Existing practical exemption.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

A MONDAY advance of 10 cents per
gallon in the price of linseed oil will not
tend to convince the helpless
that the trusts are beneficent institu-
tiouS
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

Rcpublicanism's outlook In Indiana
would he brighter if ex-PresiIeut har-
rison would cease being SO good "A Re
publican and so poor n McKipicyite.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

Could the American trusts have their
way the highest achievement possible to
American business men would be that
of holding their Jobs as clerks In trust
corporations.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

II trustism prevails the American no.
bility will consist of Trust Barons and
the American people will pay a feudal
tribute of tithes and service to the
mobiles.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

While the Mckinley TRUSTEES concede
that Mr.. Bryan is an honest man, that
fact only seems to increase their con-
tempt for so .'impracticaT'' n character.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

Despite the trust contention to the
contrary. 1t is to the honor of Dcmoc-
r:icy that 1t stands before the world as
the poor mans party.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-21

It's all right for Missourians - say
Governor DCckery now. The title will
come just that much easier to the
tongue after November 6 next.