People's Pilot, Volume 4, Number 50, Rensselaer, Jasper County, 6 June 1895 — One Reason. [ARTICLE]

One Reason.

One reason why the Supreme court did not sustain the Income tax may be found in the fact, that under It William Waldorf Astor would have to pay a tax of $178,000; John D. Rockefeller, $152,000; Russell Sage, about $90,000; Jay Gould’s estate, $80,000; Cornelius Vanderbilt, $80,000; W. H. Vanderbilt, $75,000; Henry W. Flagler, $60,000; William Rockefeller, $60,000; John Jacob Astor, $50,000; Moses Taylor, $50,000; Hettie Green, $30,000. A total of $905,000 taxes from eleven individuals in one state! Now you can see how the court reversed the former decision. —People’s Party Paper. The appreciation in the purchasing power of money has dou ed the value of Shylocks’ cash, bonds and notes. This is eqpiyalent to transferring the property from the debtor to the creditor without rendering an equivalent. In’other words, speaking from a moral standpoint, it Is stealing, and in God’s sight the men who are responsible for it are thieves. You can’t make a thing right by passing a law to keep a man out of prison for doing it. - The power that controls the currency controls prices. This is why the banks are in the field to strike down silver and any other kind of money issued by the government but gold. They want the power to issue bank notes,which will give them full control of the business of the country.