Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-05-08
BREAKING DOWN THE DYKES

In Holland, a flat country, the PEG.
zple make canals across the
: snorasses and the land thus re-
claimed has become the most fertile
soil known to history,
e.1 When an enemy invades the patri-
ctic Dutch break down the dykes
and overflow the country and the in
,Yader is glad.to vacate
This is my Illustration of the
floods of money which were sub
scribed for tax-free federal, state,
county and municipal bonds in
years past and gone. The law al.
lowed the people to buy such bonds,
the money to be used to improve
r everything in sight, on the plea that
the profit was returned to the peo-
pie themselves in good roads, in
lighthouses in good buildings for
public institutions and better
: schools, etc.
Now the idea is being advanced
that these tax-free bonds, bought by
thrifty citizens and the money used
= for public benefit, shall be no longer
free and these bonds, always with
low interest, shall be in a manner
confiscated and finally made OF no
value as an investment.
All the property on the tax books
, or the federal government is pledged
at this time to pay the low per cent
which these bonds call for annually
or semi-annually, anywhere from
51s to and per cent.
Gus This method was used to pay the
outstanding obligations of the states.
,s.e Ditto for county purposes.
/, Ditto for city and town improve
y. ment.
The minute these low per cent tax
free bonds are made payable, then,
d the slump will begin. 1t will not
affect the bonds already issued of
long date until the time expires, but
: 1T will certainly put a stop to all
= progress and dead sea condition
4; will come along and progress will
De. a thing of the past and bank
ruptcy is obliged to appear and pre-
vaii in federal, state, county and mu-
nicipal business.
~ To repeal law Of this kind vio-
dates the sovereign and solemn ma
-ture of all contracts. and will pre-
seipitate a condition of distrust, sus-
I picion and deep-seated dislike for
the people who have precipitated
such fatal mistake upon our COM
mon country.
live under is what holds these forty
eight confederated states in peace
and general securit. Whenever the
ruling authorities go back on their
own bonds or promises to pay the
deed is then done for provoking a
revolution.
A sorry man can refuse to pay his
debts, and he gets what is coming
10 him by the contempt of his more
honest neighbors.
'T' If this nation and all the lesser
states and general divisions of coun-
ties and towns conclude to refuse to
pay their Indebtedness and demand
taxes where taxes were never 7amed.
. then the swirl will begin and the
end is certain.
- The dyes are then broken, not by
the enemy, but by traitors inside the
camp.
WOrshiping Money and Royalty
= when we stop to think about il.
I'VE see a great waste of time, to
state it mildly, when plain folks
lose their heads and race around in
great crowds to catch a glimpse of
crowned heads-when they axe out
on dress parade-or to worship
wealth, and delight in just gazing
on the fine clothes and fine equi-
pages which very rich people buy
. and display. 1t speaks poorly for
the average intelligence of human
beings-who certainly can remem-
Der that these royalties and these
multi millionaire contingent can die
like all the rest, and that money can
take wings and fly away and leave
the spenders where the most of folks
must remain-in obscurity-if not
in poverty.
s.li In the kaiser's tine, he made
specially of royal display, and he
had his chance for he was grand
son to Queen Victoria and grandson
to the first emperor of Germany.
His cousin married the late Car of
Russia, and various cousins married
elsewhere in Sweden or Norway
and in Spain-just anywhere that
royal matchmakers could find mates
for their offspring. Germany is not
inclined las it seems, to go to visit
the ex-kaiser, and the most we
gather about him, from the news
papers, is the reported disagreement
with his last wife, etc. How times
change!
But King George is still on the
throne, and is busily engaged in
marrying off his children-and
Great Britain is now watching the
wedding preparation of one of his
'boys-and the excitement is thrill
ing those Englishmen, until they
pay fabulous prices to rent a fourth
or maybe tenth story window and
are crowding the streets to confu-