Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1931-11-05
menace to any nation.


Money Kings, Monopolistic Manufac
turers, Power Barons and Billion
aire Financiers to take the money
earned by the sweat of American
Labor, spend it, loan it and invest it
abroad to be used in direct competi-
tion to American Labor, without de-
manding an Export Duty on that
wealth?
Last year when it was hard to
borrow dollar from your local
bank, we loaned $1,085,613, 100000
in foreign countries.
And in 1929 we loaned to for.
eign countries $705,767,000, and
our American financiers have in
vested in foreign countries in ex-
cess of $4,000, 100000, this money
earned by the sweat of American
labor now working in direct compe-
tition against American labor, and
what is spent each year by our mil
lionaire and Millionaire tourists
abroad, would be hard to estimate
Many of these Patriotic Gentlemen
will buy and pay thousands of dol
lars for pictures by artists long
dead, but they do not maintain an
honest wage to labor in their shops
and factories at the old home town.
The widows and daughters of our
millionaires pay annually, millions
of dollars for foreign titles in mar
riage to citizens of foreign nations:
Do you voters know what this ex-
port of wealth may mean later? We
can tax the wealth within our Dor.
ders, but l beseech you do not al
low this wealth to continue to flow
untaxed. Vote for the Congress
man or Senator who will introduce
or favor bill for $50 to 500
tax on wealth leaving our borders,
other than for and in payment for
imported goods at value received.
ENGLAND SUSPENDS GOLD
STANDARD
England, like the United States.
has allowed her wealth to concen
trate and multiply in the hands of
few of her citizens, and these few
the burden of taxation has fallen
on labor and real estate; instead Of
taxing wealth, she has taxed pov-
erty. Any sales tax is tax on
poverty, England's policy of bor
rowing money to strengthen her
credit is like pouring oil on fire
when trying to extinguish the fire.
England, like the U. S. A., has
plenty of wealth, but her legislators
like our legislators, have through
unjust legislation overtaxed the
land owner, the laborer and the
consumer, allowed wealth to take
unfair profit, dictate policies that
have been detrimental to the Gov
ernment and the people. Foresee-
ing the possible levy Of taxation on
wealth in England many of the
wealthy class have withdrawn their
liquid assets (Gold) brought or
sent it to the U. S. A. for safe keep,
ing, and thus to the detriment of
their nation the Government has
been unable to keep her GOLD RE-
cial difficulties. She will now, like
the unwise farmer, put lock on
the stable door, after the horse is
stolen, she will now forbid or place
a heavy export tax on wealth
(Gold) leaving her shores.
Would it not be wise for this
Nation to put such lock on our
stable door before the horse is
stolen?
If England, instead of taxing pov-
erty and borrowing money to pay
the interest on her war debt and
operate her government, had
placed a heavy tax on Excess
Wealth" she could have paid off
her Indebtedness, strengthened her
chedit, and instead of having a dis
contented population, almost if not
altogether a mutinous army and
navy and a scattering of her liquid
wealth, she would now be prosper
Gus and her people would now be
happy. Such a tax touching only
fortunes of $4,000 and upwards
would have hurt the pride of a few
but caused no real suffering; would
not that have been better than to
cause the suffering and discomfort
that is bound to follow the presens
crisis?
OUR GOLD STANDARD
Gold is not mined fast enough to
be used as a single money stand
ard the world has not produced
gold in proportion to our growing
wealth, and nation should have in
circulation, sufficient money to
meet the needs of barter and eX
change.
If you live in Minnesota, Dakota
or Montana, and own property val
ued at $4,000, you should be able
to borrow $4,000 from your local
bank at any time; If you are a mer-
chant in Texas or Oklahoma and
have property and merchandise val
ued at $4,000, you should be able
to borrow $4,000. If you own a
home valued at $4,000, you should
be able to borrow $4,000. Real
values should be good security at
500 of the appraised value; Some
will say: Well is it not possible to
do that now? / say NO: Many are
the poor devils that thought they
could and failed just for the need
of a loan of even less than 500 of
their wealth, they were sold out
and financially ruined by your Gold
Standard money system.
In the census of 1880 we had in
the United States population of
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