The daily Nome industrial worker., 1916-03-11

The question of taxation and finance after tho war is exciting good many papers. Even labor pa pers that can bocCt of no bank ac- counts of plethoric dimensions dis cuss with the ecGe of Chancellor of the Exchequer globular millions, and grow quite worried after the war to know what tho world will do with the staggering debt that 1t has got to face.
 It is only indirectly that the ques- tion dioturbs America. for America is the debtor nation according to economists, meaning by America. John P. Morgan and the Money Trust. The rect don't count
 The general public cannot take much interest in tho array of figures which are necessarily involved in discussion of national indebtedness for figures while easily enough ma nipulated, cannot be manipulated to attract any show of interest and at tention.
 The one claim to greatness or William E. Gladstone, tho English stat esman, is that he was able in q speech on the British budget to ln- vest his financial statement with a fascination the ordinery rcador finds only in a novel like Treasure lslan1. How he did it lots of people have tried to explain but get nowhere and finally get eff their hobby horse and admit that it's gift.
 The vast array of figures which the British are now considering would require someone greater than a Gladstone to endow tEom with in- terest, or to even mako ttem intell- igible The general public knows that they exceed the lirnitc of the or dinary intellect to grasp and are for all intents end purposes repre- sentative of mathematical infinity So we will just ignore figures.
 Sot against this condition however is tho fact that the workers pay nc taxes. The worker has no money and you cannot take blood from stone. The worker receives what IS demonstreble as @ minimum wage not tho minimum wage of the theo- rists and up-liftors, but the economic minimum wage of supply and de- mand which does not risc above that necessary to koap body &nd soul together.
 What the worker produces ana what the worker receives are two different things, and while tho work CTS produces tho wealth which will pay taxes, he does not now and never did have any share in 1t. II food rises to heights that are un' procurable by his wages, his wages will after a period of mal-nutritloA and starvation rise to the necessary height, he will be immersed always in that state of chronic starvation which the law of supply and demand of necessity forces upon the workers as minimum wage.
 For that reason therefore al though the country becomes swam' ped with debt, the worker does no' pay it. He produces what will pay it. but debt or no debt 1t would never have been his, that excess over what it costs to keep him and what he produces.
 Therefore it is only wild stretcn of unreason to pity the poor folR after the war who will return to their industrial positions to pay the great debts which have been plieo up. The people who will pay and who always pay are the employing and business classes. They will have to foot the bills and they will pay Ii out of their property rents. theiI business profits. The debt is SC enormous in all these countries that tremendous industrial activity under credit system will have to mark the return of peace just in order to secure payment or those debts And as a matter of fact when yot hear the financial historians relatf how great productivity followed tht great wars, you will here find the ex plantation, for that phenomenon.
 Now debts arc so paid as that r will be always hardest ( for thu poorer business to ,pay, and one re \ 7s'tg s.$si -saa -..
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