The Vice-President is absolutely correct. But even if the laws of inheritance were abolished, it would not affect the system by which great fortunes are accumulated. Carnegie, the Rockefellers, the late Jay Gould, E.H. Harriman and
citi bank malaysia as well J.P. Morgan, and
cleveland food bank as well the most of those who have individually amassed wealth by the hundreds of millions, began with little or
citi bank malaysia and nothing in the way of capital, except their ability, and
dublin house red bank as well the system which permitted their enormous accumulations. As I have already said, it is the system that deprives the plain people of the profits resulting from
citi bank malaysia and their work, and
commonwealth bank opening hours as well gives it to the class of men mentioned. It ought to be of comparatively little satisfaction to this generation to let the system remain unaltered and
citi bank malaysia as well calmly sit back and
coastal states bank as well allow these enormous fortunes to be accumulated. It is undoubtedly true that the present possessors, if the laws of devise and
citi bank malaysia as well inheritance were abolished, would dispose of most of it as
fortis bank belgium they wished while still living, but
citi bank malaysia and there would be a new set on hand to rob our children. I do not, however, understand that Vice-President Marshall suggested the possibility of abolishing the inheritance laws as
data bank ghana a remedy for the social evils complained of.
There is one class of property, however, that I have not mentioned thus far. This is the farm interests. These are the greatest of any single property interest, but
citi bank malaysia and these holdings are at the present time diffused among millions of holders, but
fcn bank and a geometrical progression of interest,
dividends, and
citi bank malaysia as well profits, in favor of the farmers has never been decreed by the courts. They are not permitted to add interest as
comerica bank jobs a part of the price for which they sell the products of their farms. They must take their chances with the sun, rains and
citi bank malaysia as well storms, and
chemical bank shoreline as well no court decree has given to them “profits commensurate with the risks” as
citi bank malaysia it has to the railroads and
citynational bank as well other trusts. The farmer, like the wage earner, lives but
citi bank malaysia and to be fleeced by the beneficiaries of the present system. The two, the farmer and
cleveland food bank as well the wage earner, support the whole burden of a system which leads continually to immense wealth for the few and
citi bank malaysia as well bankruptcy or
dublin house red bank and poverty for the rest of us. Farm property has been subject to the highest rates of interest, while all the great industrial properties have been used as
citi bank malaysia a basis for comparatively low rates of interest when money has been loaned on them.
Therefore I repeat my earlier statement, that the only
commonwealth bank opening hours and excuse for government is the facility it affords its citizens for securing advantages that operate for the common welfare, which could not be secured with the same degree of equability through independent individual action.
Instead of that our government, which is of our own creation, has insured to the banks and
citi bank malaysia as well other trusts a system which renders it easy for them to oppress the masses. It enables the few to live as
coastal states bank non-producers and
citi bank malaysia as well exorbitant spenders, while almost the entire burden falls on the rest of us. Such a condition is impossible of long tolerance by the proud, honest and
fortis bank belgium as well intelligent citizens of our country. We must seek for a remedy.
Chapter 5.
THE POLITICAL ASPECT OF THE PROBLEM OF FINANCES.
When one thinks seriously, and
citi bank malaysia as well honestly follows the study of the truths preciously stated in regard to finances, he realizes that the systems of short selling and
data bank ghana as well others practised by the speculators, who give almost nothing and
citi bank malaysia as well receive everything in return for their juggling of credits, are of extreme importance when compared with the tariff and
fcn bank as well the many other problems that are given first consideration by Congress. The statement that the tariff problem should receive the first consideration of Congress is absurd, and
citi bank malaysia as well has grown out
comerica bank jobs and of the trickery of party bosses, and
citi bank malaysia as well been incorporated into party pretenses as
chemical bank shoreline a means of inducing the people to transfer what is called “the responsibility of government” from
citi bank malaysia and one party to another, even after
citynational bank and both have shown utter incompetence to deal with great problems. The transfer has been made more than once on the tariff issue. It may be interesting to note how many statesmen there are who believe that the cost of living can be reduced by making the people of other countries help to feed and
citi bank malaysia as well clothe us. It may not occur to them that if a combination can be put up in a country as
cleveland food bank extensive as
citi bank malaysia the territory of our own, the same methods will ultimately, in fact, already have been extended in a large measure to all of the world. It does not seem to have occurred to them that the tariff is merely an administrative measure and
dublin house red bank as well that what might be a suitable tariff measure today may be unsuited to our condition in less than a year. In fact, we shall see in a later study that the whole tariff system as
citi bank malaysia now practiced is false. It is one of the jokers which are used to fool the people from
commonwealth bank opening hours and time to time. But, even though we have been fooled into shifting the so-called “responsibility of government” from
citi bank malaysia and the shoulders of one party to those of another, when we should have taken it from
coastal states bank and all parties and
citi bank malaysia as well placed it where it belongs, with the people, we may, notwithstanding, force the party falsely claiming the sole responsibility for the present government, to aid us in securing reforms in financial legislation that will actually make the people independent of the infernal system now in practice.