Wheeling majority. [volume] (Wheeling, W. Va.) 1907-192?, 1916-08-03
teen holders own nearly half Of thiE
or 47,s00,O00 acres.
{sU.. s. Steel Monopoly (

teen holders own nearly half of thiF
or 47,8e0,O00 acres.
lU.s s. Steel Monopoly
Tits United States Steel Corporation
con trolls about so per cent of the avail
ablk Lake Superior ores of the coun
tr9S and about one and half per cent
o9 the stockholders of the United
States Steel Corporation own 81 pet
cent 81 the stock.
The known Standard Oil concerns
marketed in a recent year. 1877 per
cent of the illuminating oil.
This concentration OF revenue prot
ducing properties; even though some
of it Isl not producing an income at
present, becaAse being held merely for
speculative purp oses, explains the
enormous Concentration Of income
Mt. Marsh asks how this monopoly
can De broken, and answers:
sTaxation viii be the most effective
method of breaking up the paonbpoly
of farm, urban and timber lands, etc.
Fe breakuiu the mon epo1y of Mines,
rolls, dTailr Dads; etc.! taNationhIis1 a1to+
|lget Their too slow a method.oi Theugov-
Pernh4eht' should take over these ena6no
Jp1ifes, paying those now holding title
to them only, what they have ACTUALLY
put into. the properties, whether that
be one-tspth or eyonertWept th cef the
present. Selling price. CHA ClI1l
A triple tax is needed to reach the
bni0hbb bafzerss Of nrban5 rural and tim
Der lands, and to break their power to
exploit the inorfslandowners.
Many people who bought land for a
trifle have sold It for several times
what they paid. clearing millions.
These people cannot be reached by tax
alton xAf land values To reach them,
income and inheritance taxes, with
rapidly progressive rates mon large
incomes land fortunes, are essential,
and Will be effective. a taxarate OF
four Or five per cent upon u rban, fnral
and&timber land will effectiFely abolish
the profits of monopolies therein.#
my. program of real preparednes
must include the use of the funda1
mentaI weapon of taxation sto5secure
for the people of this country the value
of thasnatural resources and to prevent
the beneficiaries Of devise, or, often
plain robbery, from controlling the nat
tHrM resources and exploiting all those
who must use them.
Monopoly can be broken in the two
Ways. suggested above and any talk
as regulation Of huge corporations
IS futile until this is done"
Real Preparedness.
the speech above quoted, which
MAS entitled V Real Preparedness
~ Monopoly" Chairman Walsh
described the condition which should
exist and indicated the economic and
polS action which. should be taken
H9 bring on that condition as follows:
kAsF his country will be really pre-!
pared when its. Land for productions
When, Its industries for manufacture
'Whsns its highways for transp oEtation
and itssaatura1 deposits Of naturaltire5
.souEces rare1worlxed or CONTROLLED or
are of access to- all the men anfbe@omi
en- of the nation That real prepared
ness can7bs bfought into reaHz89pn
only through the, action of free men
A1NcW6 mkR working together and act-
ing together, in a citizenship which is
intelligent and we'll informed by d
press that is controlled not by private
persons promoting their own private
fortunes. but is owned and controlled
by those working masses Of the peof
pie"