The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1914-10-21
dissolved by retirement of the senior

~
ing more, he has emancipatcd the ma
ton from thraldom to the benef
Charles OF protection, and now every
citizen of this country can walk up &c
the polls and vote as he pleases with
out fear of being run out of business
The Income Tax.
But 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 I think how we who had
advocated IL were denounced as dema
gogues and disturbers Of the peace. ana
called everything down to anarchists pc
cause we favored per cent tax on IN
comes and then when see tax to-day,
ranging from ] per cent to per cent ana
the whole country accepting H. am
ashamed of the moderation that charac-
terized our earlier years. Yes, an IN
come tax of from 1 per cent to I per cent,
extent the burden to be borne by the
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
| So, 600 and those whose incomes are less
are entirely free from this burden. But
these men are exempt Why Because
under the other taxes they bear more
than their share. while under the other
taxes t h men now taxed tSan WIN fbar 'e share
Therefore, at least nine out of every ten
are benefited by the income tax, having
their own burden lightened while those
who now pay the income tax are. are only only
shifted to the backs Of others. say one
in ten of all the people. II Is better than
ten will pay an income tax. and the other
nine Republicans ought to thank the
Democratic party for making the one
come up and bear his share. Among the
Democrats not one i'm thirty will pay an
Income tax. or course. the Republicans
will pay more income tax than the Dom
| a. ia
have the incomes on which a. pay, and
that is pretty good test Of what man
has been getting out of the government
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
have been voting fayors and privileges to
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 it,
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 a chance
the opportunity, and Roosevelt had twice
as long to do nothing in and he didn't do
it, Why didn't they reduce the tariff?
Let me tell you story that illustrates
why. A man went into a clothing store,
and when the merchant was not looking
he snatched coat and put it on and ran
out. AS he went out the door the mer
chant caught sight of him and took after
him. crying, stop thef"' But he didn't
stop Then the policeman Joined in the
didn't stop, and then the policeman drew
his revolver and said stop or ] will
shoot" and the merchant became ex
pi ted N hn iep N a nd a
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
protection thief, for he was clothed from
head to foot in the things they owned.
and II they went to consider the tariff
reduction, one man said. Don't reduce
the tariff on wooden goods: | make wool
en- goods" Another said Don't touch
cotton goods; am interested in the cot
ton goods business" Another said. Keep
away from boots and shoes; that is my
business" And so when they went
around they found some prominent Re-
publican who represented every industry
profited by every schedule. So instead
of reducing. they raised it all around that
they might have more to contribute to
the next campaign: That is why they
Democratic party got there it could shoot
that thief anywhere for il didn't have
anything on that belonged to any of its
members
Why would not the Republican party
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
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. i
rency question and here was another ,
question upon which the Republicans had
had every chance. Why didn't the Re-
publican party reform the currency? Did
il not know that II needed reforming?
You can go back eighteen years and you
will find the Republicans had had every .
chance. Why currency reform but they
didn't dare to present the only kind OF
reform that they proposed.
When Wall Street Ruled.
What difference between the two sys- !
tems-the old and the new. We had the ;
old system in 1907 and under the old sys- /
needed money it had to go down to Wall J
street to get 1t and in order to get it il !
had to go down on its knees and beg for !
II and IL ii got 1t ii got II on the terms !
that Wall street fixed and the man who ,
got it had indelibly impressed on his ,
memory that IL was special favor thats ,
must be paid back on demand, and then :
they attached string to 1t so that they !
could draw 1t back when they wanted IT >
without regard to the welfare of the COM /
munity. That was the old plan. !
You had not only to go to New York II ,
you wanted to borrow your money, but If ,
you wanted to get your own money some
times they couldn't spare 1t. In 1907 they :
had money from the South which they :
had invested in their watered stock; when .
the water was squeezed out they couldn't !,
let you have your own money back. You /
asked for II and they said no. You asked |;
for bread and they gave you "a stone. You )
asked for your money and they gave you
clearing house certificates. And when Il
you said you had to have money to pay
your depositors, they said. "Why don't 9
you treat your depositors like we treat 4
your" And then In a night the wires n
spread the conspiracy that was formed (
from ocean to ocean, and the next morn | n
ing the citizens Of the country were moi n
allowed to draw their own money out OF I
l. thaxr hal IL MT. |