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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 discover bank rating as well J.P. Morgan, and chauvet color bank as well the most of those who have individually amassed wealth by the hundreds of millions, began with little or discover bank rating and nothing in the way of capital, except their ability, and harris bank illinois 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 discover bank rating and their work, and commerce bank manhattan ks 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 discover bank rating as well calmly sit back and household bank credit card payment as well allow these enormous fortunes to be accumulated. It is undoubtedly true that the present possessors, if the laws of devise and discover bank rating as well inheritance were abolished, would dispose of most of it as citizens first bank bowling green ky they wished while still living, but discover bank rating 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 danska bank 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 discover bank rating and these holdings are at the present time diffused among millions of holders, but halifax bank plc and a geometrical progression of interest,
dividends, and discover bank rating as well profits, in favor of the farmers has never been decreed by the courts. They are not permitted to add interest as emprise bank a part of the price for which they sell the products of their farms. They must take their chances with the sun, rains and discover bank rating as well storms, and fulton bank online as well no court decree has given to them “profits commensurate with the risks” as discover bank rating it has to the railroads and commerce bank worcester as well other trusts. The farmer, like the wage earner, lives but discover bank rating and to be fleeced by the beneficiaries of the present system. The two, the farmer and chauvet color bank as well the wage earner, support the whole burden of a system which leads continually to immense wealth for the few and discover bank rating as well bankruptcy or harris bank illinois 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 discover bank rating a basis for comparatively low rates of interest when money has been loaned on them.
Therefore I repeat my earlier statement, that the only commerce bank manhattan ks 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 discover bank rating as well other trusts a system which renders it easy for them to oppress the masses. It enables the few to live as household bank credit card payment non-producers and discover bank rating 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 citizens first bank bowling green ky as well intelligent citizens of our country. We must seek for a remedy.