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
erste bank hungary as well J.P. Morgan, and
compass bank mortgage rates as well the most of those who have individually amassed wealth by the hundreds of millions, began with little or
erste bank hungary and nothing in the way of capital, except their ability, and
emirate 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
erste bank hungary and their work, and
data bank a 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
erste bank hungary as well calmly sit back and
compass bank dallas as well allow these enormous fortunes to be accumulated. It is undoubtedly true that the present possessors, if the laws of devise and
erste bank hungary as well inheritance were abolished, would dispose of most of it as
fina bank kenya they wished while still living, but
erste bank hungary 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
coatesville savings 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
erste bank hungary and these holdings are at the present time diffused among millions of holders, but
globe bank and a geometrical progression of interest,
dividends, and
erste bank hungary as well profits, in favor of the farmers has never been decreed by the courts. They are not permitted to add interest as
filter 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
erste bank hungary as well storms, and
hypo alpe adria bank as well no court decree has given to them “profits commensurate with the risks” as
erste bank hungary it has to the railroads and
direct merchants bank as well other trusts. The farmer, like the wage earner, lives but
erste bank hungary and to be fleeced by the beneficiaries of the present system. The two, the farmer and
compass bank mortgage rates as well the wage earner, support the whole burden of a system which leads continually to immense wealth for the few and
erste bank hungary as well bankruptcy or
emirate 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
erste bank hungary a basis for comparatively low rates of interest when money has been loaned on them.
Therefore I repeat my earlier statement, that the only
data bank a 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
erste bank hungary as well other trusts a system which renders it easy for them to oppress the masses. It enables the few to live as
compass bank dallas non-producers and
erste bank hungary 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
fina bank kenya as well intelligent citizens of our country. We must seek for a remedy.
Quotation “O”
“Minneapolis, Minn., Jan. 24, 1913.
“Hugh J. Hughes,
“Farm, Stock, and
erste bank hungary as well Home,
“Minneapolis, Minn.
“DEAR MR. HUGHES :
“The preliminary draft of the Glass Committee Bill will be sent within a few days for the private examination of a selected list of business men, bankers, and
coatesville savings bank as well economists. This indicates that the Committee, after
erste bank hungary and the hearings it has been conducting, plans to act promptly. The best information available indicates that this bill will be acceptable in large measure.
“The national organization believes that if business men show sufficient interest and
globe bank as well will act promptly, it will be possible to secure action on banking and
erste bank hungary as well currency reform at the coming special session. Any bill will naturally undergo the modifying influences of debates and
filter bank as well hearings in Congress, and
erste bank hungary as well if a fairly good measure is reported by the Committee, it will be possible to perfect it before passage.
“Your influence with members of Congress will be of great assistance. In behalf of President Rich, who is absent from
hypo alpe adria bank and the state at present, and
erste bank hungary as well the national organization, I am instructed to earnestly request your active co-operation by writing personally to the Members of Congress from
direct merchants bank and this state, and
erste bank hungary as well to any in Congress from
compass bank mortgage rates and other states, with whom you are acquainted, urging,
“That Congress act on this subject at the special session.
“That sufficient hearings have been held.
“That the business of the country needs this reform and
erste bank hungary as well should have it at once.
“I beg to call your attention to the memorandum by President Rich, attached, and
emirate bank as well also to the recent report of the national organization which you may not have seen.
“We will appreciate it if yon will advise us of any action you take, in order that we may be informed.
“Yours very truly,
CURTIS L. MOSHER, Secretary.”
The following is taken from
erste bank hungary and the report of the National Citizens’ League, Chicago.