The Butler weekly times., 1916-10-19

neetion with ,he Lard nank Hiil.
have followed ths advice Of able ant
dislnterested lawyers. Tho bill wa:
passed by the General Assembly com
posed largely of lawyers. II was moi
passed hurriedly, but after due 1e!lb
eration 1t was not passed as a part.
measure Forty-fHe OF the 65 Repub
lican members Of the legislature votec
for the bill, six being absent. In de
nouncing the bill Judge Lamm ques
tlons the intelligence OF a majority
OF the Republican members Of the last
legislature. II you think the princi
pies therein contained are sound, beg
OF you not to he dissuaded from voting
for the amendment because Of thH
fault finding of Judge Lamm. the can
didate.
Single Tax.
Now, as to his statement relative to
the Single tax" nothing could be
more far-fetched nor a greater fallacy.
Single tax nlnans that all tax is to be
levied against the land.
The farmer gets the loan from
the institution at the exact rate at
which the bonds are sold Any tax
imposed on these bonds would neces-
sarily be added to the annual rate of
interest, wherefore, in eXempting the
bonds from tayation., you arc taking
that mucH tax off the land.
The federal land bank system, which
my opponent cOmmendS so highly,
goes even farther in that respect than
does our plan by reason of the fact
that ii not only oXempts the bonds
from srote and county taxes, hut eX-
er1pts ',eIn from the income tax.
I also call attention to the fact that
when my distinguished opponent was
on the supreme bench he concnrred
in an opinion which exempted from
taxation tho stocks of all foreign cor
rorations held in Missouri, of which
it is estimated there are more than
one billion dollars worth No one has
ever suggested that this was single
tax. No one has ever suggested that
exemption FROM taxation OF billions OF
dollars OF United States bonds was
single tax But when it is proposed
to cheaper money for the farmer by
exempting the bonds on which his
loans are secured from taxation the
party advances the hack
neyed argument that it is single tax.
This is in keeping with all Of Judge
Lamm's criticism of the State Land
Bank system. | do not believe the
Missouri farmer will be misled by this
gophistry.
My opponents construction OF the
economic plan on which the rural
credit system is founded is entirely
faulty. For instance, he says that
onehalf of / per cent on the mil
lion dollars loaned would produce
only 5000 per year. He is In error
here to the exact amount OF
100 per cent The bill plainly and
specifically states that this sum is to
be paid over the whole period of rs
years. He says further that no pro-
vision is made for accumulation OF
surplus. He entirely overlooks the
TACT that the capital stock furnished
the institution Of the state does not
pay dividends. Hence the interest ac-
cruing from the use Of this capital
would produce very large surplus.
Now the public Is entitled to know
just where my distinguished opponent
and the Republican party of this state
stand on rural credits. TO sum up he
says my plan is unnecessary from any
viewpoint because of the federal sys-
tenn. His party's' national platform In
Chicago condemns the federal system.
Mr.. Hughes on the 21st at Milwaukee
says the whole Democratic accom-
,lishment must be wiped off the book,
which would include the federal farm
oan bill. Judge Lamm says in his
Springfield speech, I'VE stand for
'ural credits by an efficient and just
aw." Now, | believe 1t is his duty to
ell the people frankly why he COM
nends a bill which his national party |
and which will be repealed
t Judge Hughes is elected, and
What sort of law he would call |
equitable and just. And in the event
# his election as Governor. what
le would do to carry out the peoples
mandate to establish State Land
Bank Judge Lamm's remarks with
eference to state rural credits are
and clearly intended to
onfuse the people. He first says that
e was opposed to any state rural
redit system because unnecessary
Ie afterwards modifies this in his
pringfeld speech, but does not state
ow or when he would inaugurate a
ural credit system In Missouri. The
ational platform disposes of the rural
redit system with 20 words. The
Iissoruri state Republican platform
isposes of 1t with % words, and yet
udge Lamm has devoted practically
II OF his speeches to this subject.
Roads.
Our present Democratic administra-
on In Missouri has aroused keen
lterest in road development in this
tate. Not only men, horses and auto
lobiles follow good roads, but civili-
alton and religion as well. They are
le servants of the farmer and the
ty man. This agitation has been
ping on in Missouri for great many
ears. The time has come for earnest,
,tive, united effort along this line.
Schools.
The public school system of Amer
a Is the foundation Of our democ-
ICY. It must ever be the apple Of
If eye. Perhaps I speak with par
cular fervor on this question, as my
My education was received in coun-
y public school, principally of the
le-room type. My view Of the school
that the time has arrived when our
lral boy and girl must be given as
,od an education as any boy or girl
l. T.