G THE NEBRASKA INDEPENDENT October 29, i903
Money and the Taxing Power
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CO! UMBIA I
! NATIONAL
BANK
I Capital, 5i00,oo0,0o
Surplus, 14,000,00
Dspaiflf, 1,350,000,00
I
T ow f i, Wmgot, President
is! Viw rrea.
2d Vie Pres. - X
Cashier J
ZI)t Jlmtrican
Co'opmtor.
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JJOOK 2.--Chapter XXIII.
Oa the face of the proposition there
appear to be uo good reason why
& fjovt-'mment fchould do more for a
man wfw digs for gold, than for him
wiw digs for corn. If is indisputable
that producing food, clothing, shelter
and 1'o.fil, and transporting aud distri
buting the:a, is a far more important
fcf-rvioe to humanity than hunting gold.
p4 yet, whii aJI the vast multitude
(engaged In such useful service find
the burden of taxation weighing heav
JJy viMi (hem, nothing they produce
or possess, or can ao, will be accepted
iv diw hai-ge of their obligation to sup
port ihjeir government, although their
seryice and' theJr products are the
Identical things the government re
quires and ultimately seeks to obtain.
Instead of accepting these things at
fust fcands, it sends all these people
in a wild -chase in search of the gold
owner, wlw) has a scarce metal incap
able of supplying the national needs,
and compels them to give up their ser
vices and products to him, in order to
oV.lain those metal disks, upon which
filone their government will stamp the
reipts it accepts in satisfaction. The
cjyljjy,ed world has today but one
serious occupation and that is a life
long struggle to command these cer
tificates coined upon gold.
And most astounding of all, the
government gives those receipts to the
feold owner for nothing. It then gives
the gold it obtains as taxes back to
iW owner for part of the articles he
sUok from the people.
i$ very article ujion which the bur
c"r. of taxation rests should have
power remove that burden by Its ten
der, The production of all useful
things would thus be encouraged, and
that of useless or injurious things, not
made taxable, would be discouraged.
Taxation thus applied would pro
raote production of the things taxed,
nd by fixing by statute the prices at
which they should be taxed, and at
yhich they should be received in pay
ment of tax levies and Judgments as
is now the case with gold with the
right of every taxpayer to pay, in those
taxable articles as man years of
taxes in advance as he chooses, and
to receive "coin" inscribed, at his op
tion, either upon the books or upon
slips of paper, in return, would call
btck that enormous mass of human
euergy now directed to a senseless
scramble for useless gold, and turn it
upon the production, distribution and
preservation of things endowed with
the power to perform beneficial . ser
vice for man.
When we demand a reason why gold
alone should be the vehicle to car
ry the receipts called "coin," the an
swer has always been, "the suitability I
of gold as a material for that pur
pose." But that is a false reason and
is proven false by the experience of ev
ery people. Among business men 'In
all civilized countries, nearly every
payment is made by an order for gold,
celled a "check," and between banks
by clearing bouse receipts, both drawn
upon paper.
Why is this?
Because gold, which Is a survival of
ar ignorant and barbarous age, Is
cumbrous and not "suitable," wMIe
paper is "suitable" on account of Its
lightness, ease of concealment and
durability; and there Is no limitation
upon its capacity to express quantities
of value, great or inflnltcslmally
small, by receiving the impress of our
"money," and it can bo made prac
tically impossible to counterfeit.
Hut we are not 1 eft to rest the claims
I ere made upon t hose reasons alone,
decisive as they seem to be. The ex
perience of the Venitian republic gives
the lie to this claim of suitability and
proves by the Incontestable facts of
Its history that receipts Inscribed up
on paperT armed with the same power
against tax levies and Judgments as
grid coin, performed perfectly all the
functions ascribed to gold coin and
itood at a premium of 20 per cent
nir gold coin of the like denomina
tions, In the clearing house of the
world, during eU hifndred yw?; and
tirtll the republic which mipported the
f j item was destroyed by military
Ship
Your
tlltiOS.
ToThoc. McCulloch.
ESTABLISHED 1070.
Tha oMnt fkUMUhtil hlds hou In Nabratka. I'ayt bitfhfl tusrkt
j ikts, Makan prompt rUrn. Wrha fVr price and alilpplnir Us;.
017 Q STREET, LINCOLN, NEDRA3KA.
force. The false claim of the "suita
Hlity" of gold goes to -pieces in the
presence of this fact.; ;-
The "valuation" placed upon all
commodities is always made of the
quantity of the force of demand.-The
force of; demand for coin, no matter
what the material may . be, is always
and everywhere the product of stat
utes compelling people to obtain and
cse it, at the statutory price stamped
ui:on it, to satisfy tax levies and judg-mrnts-and
nothing else.
Whatever thing the statute may ap
point to that office Is thereby sub
jected to the force of demand thus pro
duced; and at its statutory "price." A
p;ece of paper upon which is stamped
the talismanic word3, "United States
of America Ten Dollars," if it alone
be armed with authority by statute to
satisfy tax levies and Judgments, is
subjected to the same quantity of the
force of demand as a disk of gold
stamped with the same words and
atmed with the same power, and can
not avoid the same valuation.
By the just system of taxation here,
hi its bare outlines, suggested, t"equal
valuations" in every department of
human activity would bear "equal bur
dens." '
Just as the price of one sole com
modity, gold, is now fixed by statute,
at which fixed price it alone has stat
utory power to cancel tax levies and
judgments; so under the system here
proposed, would every commodity that
is made taxable have its price fixed;
and at that price it would be, Just as
gold alone Is nowa peremptory re
ceipts by its tender against all tax
levies and all judgments.
Why should this one commodity,
gold, of which the government can
make scarcely any. use, be singled out
and by statute made the only article
In which tax levies and Judgments
may be paid? ,
Why should all the citizens of the
republic, bearing the burdens of tax
If vies and judgments, be sent to seek
a gold owner and to make such sacri
fices of service or wealth as his greed
n ay require, in order to obtain this
useless metal, upon which alone mon
strous statutes in all lands have con
ierred the power all must obtain, by
stamping "money" upon it at the mint,
in the fraudulent exercise of the tax
ing power?
Why should one comparatively use
less commodity have stamped upon a
fixed statutory quantity of it, a fixed
statutory price, at whlcn it alone must
be accepted by every tax collector and
judgment creditor in the nation, In
satisfaction of tax levies and judg
ments, while the great mass of useful
human products are denied that pow
er? By adopting the humane and equit
able system of taxation here outlined,
the burden of supporting the govern
ment would press upon all wealth and
power of service alike. The govern
ment would cease to waste the sub
stance of the people in useless usury
ti fatten the gold trust. All necessity
for the metal gold, as a vehicle for
carrying the "money" of this country,
stamped upon It, would cease. Banks
of issue would cea3e the work of stat
utory highwaymen, by taking usury
tor the loan of what the government
supplies them as a free gitt. Banks of
exchange and deposit would disappear,
because their functions would be bet
ter performed by the government, and
without any oot to the people.
Without paying usury, and without
oppressing the people, the govern
ment would command the entire con
tents of the nation for its support and
maintenance. A currency more "sound
and stable," and at less cost than was
ever before seen In the world, will be
thereby provided for the people at
large; and not to a favored fraudu
lent few.
The level of prices, once fixed by
Matute, would never vary; and wheth
er high or low would be of no conse
quence whatever. The revenue of the
country would be Incalculable.
(Continued Next Week.)
Schwab has been granted leave to
Intervene as complainant In the ship
building suit.
1','goIs and Furs
; ! EVhcurnctiom.
Nervous Prostration
Followed.
Dr. Miles' Nervine Gave
Bach Health.
"I was laid up during the winter of 94-95
with Kcialic ilieuinati&m ftiid nervous prostra
tion brought on by a ssvere attack of La
Grippe. The rhcurcr.tic pains were so "se
vere at times that it was impossible for me to
turn in bed. I was unable to sleep. I had
two of our best physicians in attendance,
took all the advertised remedies for troubles
of this kind but got no help whatever until I
took, Dr. Miles' Restorative Nervine. Six
bottles restored me to health; I am better
than forje.ars; in fact am entirely relieved.
I can say with a clear conscience that it was
Dr, Miles' Restorative Nervine that rcr.tored
me to health. When the pains of sciatica
and rheumatism were most severe I secured
almost immediate relief by the use of Dr.
Miles' Anti-Paiu Pills. I have recommended
Dr. Miles' Remedies to many pcoplc."Frcd
Myers, Redfield, S. D.
"I was taken with pain in my heart and
under the left shoulder; wih such heavy op
pressed feeling in my chest that I could
hardly breathe. I bad palpitation so bad
and my heart would throb so that it would
shake my whole bed. 1 also had a weak, all-
5 one feeling in the region of my heart My .
octor treated me lor liver and stomacn
trouble but I failed to receive any benefit
until a friend recommended Dr. Miles' Heart
Cure and Restorative Nervine. I used both
and one box of the Anti-Pain Pills, I
believe I am completely and permanently
cured.;" Mrs. J. W. Oolding, Noblesville,
hid. ; .'
All druggists sell and guarantee first bot
tle Dr Miks' Remedies, and for free book
on Nervous and heart Diseases. Address
Dr. Miles Medical Co, Elkhart, Ind. ,
1 A HISTORY OF THK PKKCIOTJS
IMKTAT.H- frr.m t.h nrl1pt limes t A
tho present by Alex Del Mar. Hccond
edition, complete In one volume.
rp. m vo. Cloth and gold, p.(Ki.
Abounds with vivid description
and practical knowledge London
Lswcil Replete with Information; evince
much care and study. London Academy.
Knows the moot conspicuous advance beyond
his predecessors. London Nat. Review.
A work of great weight and elegance ot styla.
London Economist.
No such able and exaustive work since that of
William Jacob. London Statist.
A complete text-book on the subject. London
Money,
liascd on independent research. London
Dully News.
01 the highest scientific value, yet readable al
a novel. New York Economist. '
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THE LINCOLN TANNERY,
Henry Holm, Prop. 'M.t-jis O Mrf.t.
Llnceln.baK
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Mllt.n Nrhwlml -Allorn.y
PETITION t OU P1VORCK
In th dlxtrU t court of I.ancnter county, S'(.
t'iii-Wn. Aniii VVntTiHr, plulnllil, vs. Krnuk
nerncr, ilcU ndittil.
In Trunk Uiuimr,
Yi u will him police tut tnivc D,U diy
cnuM.1 a t'vilUo!! lo tut ti!i-t nKi.lnit vuti tu Hm
dtattlel court of I lUH tinter mmily. Nrbriinka,
rn)lt)U divorce In.m m and the ctinUwIy uf
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liuvc d carried t tor inoru limn luo yrnra Wl
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and rt liM'd t" lui iilli ii'o wlili n-o.oi sl,U mp.
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