The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1914-10-28

dissolved by retirement OF the senior
member.
II President Wilson had done moth
ing more, he has emanclpated the ma.
ton from thraldom to the benel-
Charles of protection, and now every
citizen of this country can walk up TO
the polls and vote as he pleases with
out fear of being run out Of business.
The Income Tax.
But I had another surprise They made
the tariff rates lower than ! expected them
to be ] have been In favor of an income
tax ever since ! have been in politics. !
believed in the tax we had twenty years
ago, and when | think how we who had
advocated II were denounced as dema.
gogues and disturbers Of the peace. ana
called everything down to anarchists be
cause we favored per cent tax on IN
comes. and then when | see tax to-day,
ranging from per cent to Z per cent, and
the whole country accepting II, am
ashamed Of the moderation that charac-
terized our earlier years. Yes, an in
come tax Of from l per cent to per cent,
and every dollar Of IL lessened to that
extent the burden to be borne by thH
struggling masses Of the country NOT
one man in ten will pay an income TAX,
for not one man in ten has an income OF
$4,000, and those whose incomes are less
are entirely free from this burden. But
THESE men are exempt. why bttdtH'
under the other taxes they bear more
than their share, while under the other
taxes the men now taxed with the IN
come tax bear less than their share
Therefore, at least nine out of every ten
are benefited by the income tax, hnNin"
their own burden lightened, while those
who now pay the income tax are only
bearing burdens that heretofore they have
shifted to the backs of others. say one
in ten of all the people 1t is better than
that. Why, not even one Republican in
ten will pay. an income tax, and the othei
nine Republicans ought to thank the
Democratic party for making the one
come up and bear his share. Among the
Democrats not one in thirty will pay an
will pay more income tax than the Dem
ocrats Why should they not? They
have the incomes on which to pay and
that is a pretty good test of what man
These Republicans have been holding the
national offices all these years and draw
ing the national salaries all these years.
and they fixed the salaries themselves
and they have been generous to them
selves. Not only that. but having the
government, they MIXED it dry. They
themselves. Now, having for a genera
ton taken from the people money that
they ought not to have taken. they ought
to be satisfied, if we let them keep what
they got, to pay little income tax on IL.
A Story on the Tariff.
Why didn't the Republican party bring
you relief in taxation? Why didn't the
Republican party reduce the tariff? II
had chance. All factions and wings of
the Republican party have had chance.
Taft had chance, but he didn't improve
the opportunity, and Roosevelt had twice
as long to do nothing in and he didn't do
1t. Why DIDN'T they reduce the tariff?
Let me tell you story that illustrates
why man went into clothing store,
and when the merchant was not looking
he snatched coat and put 1t on and ran
out. AS he went out the door the mer-
chant caught sight of him and took after
him, crying, stop theft" But he didn't
stop. Then the policeman Joined in the
chase and shouted stop thief!' but he
didn't stop, and then the policeman drew
es nnd he se ar
cited and grabbed the policeman and said,
Mister policeman, If you do. shoot, shoot
him in the pants; the coat belongs to
me-"
Republicans Couldn't Shoot.
The Republicans could not shoot the
head to foot in the things they owned,
and ii they went to consider the tariff
reduction. one man said. Don't reduce
en- goods sop ?" AHot fe said pont Touch
cotton goods; | am interested in the cot
ton goods business" Another said. Keep
away from boots and shoes; that is my
around they found some prominent Re-
publican who represented every industry
profited by every schedule: So instead
they might have more to contribute to
the next campaign That is why they
didn't reduce the tariff. But when the
Democratic party got there IL could shoot
anything on that belonged to any of its
members.
give us an income tax? | remember when |
we secured the passage of the income tax |
law twenty years ago, we had the oppo- |
sition of all the Republican party and
big part of the Democratic party. Why
didn't they give you an income .tax? Be |
cause the men who control the Republic |
an party were the men with large in |
comes: and they preferred to put the bur
len of government upon the poorer mem |
bers of the Republican party that they |
might enjoy the privileges and favors |
without bearing their share OF the ex-
penses of government
Currency Reform.
So. when the taxation crop was laid by, |
President Wilson then took up the cur
'ency question and here was another /
question upon which the Republicans had |
lad every chance. Why didn't the Re-
publican party reform the currency? Did
iou can go back eighteen years and you
will find the Republicans had had every |
nance. Why currency reform but they
iidn't dare to present the only kind OF
When Wall Street Ruled.
What a difference between the TWO sys-
ems-the old and the new. We had the
Id system in 1907 and under the old sys-
EN- ii bank out West or in the SOutn
leeded money IL had to go down To Wall
street to get 1t and in order to get ii it
lad to go down on its knees and beg for
and If ii got II ii got IL on the terms
hat Wall street fixed and the man who
got il had indeibly impressed on his
memory that il was special favor that
must be paid back ON demand. and then
hey attached string to II so that they
Ould draw ii back when they wanted II |
Without regard to the welfare of the com
nunity. That was the old plan.
You had not only to go to New York il
gu wanted to borrow your money. but If
gu wanted to get your own money some
ines they couldn't spare IL. In 1907 they
ad money from the South which they
ad invested in their watered stock; when
he water was squeezed out they couldn't
II you have your own money back. You
sked for II and they said no. You asked
Or bread and they gave you stone. You
sked for your money and they gave you
Tearing house certificates. And when
GU said you had TO have money to pay
our depOsitOrs, they said. why don't
GU treat your depostors like we treat
ou?" And then In night the wires
pread the conspiracy that was formed
,nrn OCEAN 10 ocean and the naNt |