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