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 as well J.P. Morgan, and commerce bank philadelphia as well the most of those who have individually amassed wealth by the hundreds of millions, began with little or and nothing in the way of capital, except their ability, and colonial bank stock 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 and their work, and karur 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 as well calmly sit back and erste bank der oesterreichischen sparkassen ag as well allow these enormous fortunes to be accumulated. It is undoubtedly true that the present possessors, if the laws of devise and as well inheritance were abolished, would dispose of most of it as city bank hall they wished while still living, but 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 first nation 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 and these holdings are at the present time diffused among millions of holders, but danske bank valuta and a geometrical progression of interest,
dividends, and as well profits, in favor of the farmers has never been decreed by the courts. They are not permitted to add interest as eon bank online a part of the price for which they sell the products of their farms. They must take their chances with the sun, rains and as well storms, and how to rob a bank imdb as well no court decree has given to them “profits commensurate with the risks” as it has to the railroads and chevy chase bank routing number as well other trusts. The farmer, like the wage earner, lives but and to be fleeced by the beneficiaries of the present system. The two, the farmer and commerce bank philadelphia as well the wage earner, support the whole burden of a system which leads continually to immense wealth for the few and as well bankruptcy or colonial bank stock 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 a basis for comparatively low rates of interest when money has been loaned on them.
Therefore I repeat my earlier statement, that the only karur 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 as well other trusts a system which renders it easy for them to oppress the masses. It enables the few to live as erste bank der oesterreichischen sparkassen ag non-producers and 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 city bank hall as well intelligent citizens of our country. We must seek for a remedy.
