Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1916-10-19

uaN6 AOLOhE4 AAC aafANt VI abAN 1hA
d~isinterested lawyers. The bill was
passed by the General Assembly COM
posed largely Of lawyers. 1t was not
passed hurriedly, but after due delib-
Grafton. 1t was not passed as a party
measure. Forty-fye of the 65 Repub-
lican members OF the Legislature voted
for the bill, six being absent. In de-
nouneing the bill Judge Lamm ques-
tions 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 be ~dissuaded from voting
for the amendment because Of the
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 lei 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 taxation, you are taking
that much tax OFF the land.
The federal land bank system, which
my opponent commepds so highly,
goes even farther in that respect than
does our plan by reason of the fact
that it not only exempts the bonds
from state and county taxes, but ex-
empts them from the income tax.
I also call attention to the fact that
when my distinguished opponent was
on the supreme bench he %concurred
in an opinion which exempted from
, taxation the stocks of all foreign cor
porations 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
Republican 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. l do not believe the
Missouri farmer, will be misled by this
sophistry.,
MY opponents construction of the
economic plan on which the rural
credit system is founded is entirely
faulty. For instance, he says that
one-half of l 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 overleoks the
fact that the capital stock furnished
the institution of the state does moi
pay dividends. Hence the interest &C
cruing from the use Of this capita
) would produce a very large surplus.
: Now the public is entitled to know
Just where my distinguished opponen
and the Republican party Of this state
stand on rural credits. To sum up hi
says my plan is unnecessary from an!
! viewpoint because of the federal sys
tenn. His party's national platform II
Chicago condemns the federal system
. Mr.. Hughes on the 21st at Milwaukee
1 says the whole Democratic accom-
I plishment must be wiped off the book
which would include the federal farr
, loan bill. Judge Lamm says in hi
q Springfield speech, 1--WE stand TO
g rural credits by an efficient and jus
. law" Now, l believe it is his duty t
9 tell the people frankly why he CON
y mends a bill which his national part
condemns, and which will be repeale
!. if Judge Hughes is elected, an
l what sort Of a law he would cal
/ equitable and just. And in the even
I Of his election as Governor, wha
! he would do to carry out the people
s mandate to establish a State Ian
Bank. Judge Lamm's remarks wit
o reference to state rural credits ar
J hypercritical and clearly intended
y confuse the people. He first says tina
s he was opposed to any state rurf
3 credit system because ~unnecessar!
- He afterwards modifies this in hi
! Springfield speech, but does not stat
l. how or when he would inaugurate
o rural credit system in Missouri. Tn
= national platform disposes Of the ruri
Il credit system with 20 words. Tn
Missouri state Republican platforl
e disposes of it with 20 words, and W
Judge Lamm has devoted practical
> all of his speeches to this subject.
10 Roads.
Our present Democratic administer
II ton in Missouri has aroused a kee
le interest in road development in tn.
state. Not only men, horses and aut,
mobiles follow good roads, but civil
cation and religion as well. They al
10 the servants of the farmer and tt
city man. This agitation has bee
sr going on in Missouri for a great man
,e years. The TING, has come for earnes
IS active, united effort along this line.
o. Schools. Z
n The public school system Of Anne
lea Is the foundation OF our demo
re racy. 1t must ever be the apple
8 our eye. Perhaps I speak with pa
H. ticular fervor on this question, as m
le only education was received in a cou
10 try public school, principally of II
IL one-room type. My view of the scho
is that the time has arrived when OF
rural boy and girl must be given {
IN good an education as any boy or 81
in any public school in America. TIL
re must be our goal. We must prepal
TX our country boys and girls to solv
the problems at their W door. v
lie have in the past attempted too mut
= to prepare them to go to the cite