Mexico Missouri message., 1906-05-10
SOCIALISM AGAIN.
Farmer Discusses individual
Title'-Gives the Message a
Mild Dig.

~AANSA eAA A0hNo NAN sA0hnANAANu
by purchase to the government in
divldual title still can be retained
to all personal" property, they
and their heirs forever; houses,
buildings, implements, stock and.
in fact, everything that man has of
value, except land, transportation
and invented machinery used to
produce the necessities for the hu-
man family. No title to personal
property shall be transferred to
corporation or body of men, only
to an individual, and such per
sons holdings to be limited under
regulations of law. Some may
say that people would be inclined
to let such property as buildings
go to ruin. Such AN idea is
mistake. When all people get the
full value of their labor they
will have an abundance and more
than enough to do them, and no
other use for their values but to
build nice homes for themselves
and their families. Near all the
people would have homes, instead
Of the awful homeless condition
we find them in today. Some will
want to know how you can tell
how much wealth the labor of the
U. S. produced in a year. An
swer, by adding the wealth pro-
drced in the past year to that pro-
duced in the next year.
Some will want to know why all
this changer AS a part Of the
reason, l will quote from a great
st. Louis paper-"It has been our
boast that an abiding wealth
class was impossible in this coun-
try because the children of the
newly rich, pampered in idleness,
puffed up with vanity, and capa
BILE of taking on only a thin ve-
neer of education, are untitled to
control and keep the fortunes left
them. The families that have re-
tanned large wealth thru many
generations in this country are ex-
tremely rare. The natural event
has been supposed that the SER
wants Of one generation become
the masters of the next, while the
wealth-weakened sink back to SER
{ vice, but there is growing a ten
deucy to make of great fortunes
permanent institutions, not to be
shattered by mismanagement Or
dissipated by reckless living.
These fortunes are no longer dis
tributed among a mans heirs but
are kept in tact and placed in the
E hands of trust companies for ad-
= ministration. The heirs assume
e none of the responsibilities oI
t wealth but simply receive an in.
Q come. Under the Marshall Field
t will three young children have ap
proximately the same endowmen
, as that of Harvard, Yale COllegt
/ and Chicago Universities com
q bined. Here is a method by whicl
the natural law is being nullifeC
/ and an abiding rich class created
The endowed may idle away thei
: lives or ruin themselves, but tn
!. fortune and the income from it ar
a secure to generation after genera
|. dion. This means concentration
y OF the great fortunes Of this coun
i try into the control Of a trust com
/ pany, already an enormous part o
il productive wealth, held by smaI
s proportion Of the people. If th
3 new tendency keeps mp for a fey
= years the trust company, or on
L trust company, will be in absolut
y control Of the productive wealt
I Of the U. S. and win be holdin
every industrial and political il
le terest Of the people in a grip {
a steel. With the control Of vas
a aggregation of created fortunes /
,e its hands the trust company wi
y become the most absolute and Al