Betsy Gaskins (Dimicrat), Wife of Jobe Gaskins (Republican): Or, Uncle Tom's Cabin Up to DateHood, W. I. (William I.)
General
Betsy Gaskins (Dimicrat), Wife of Jobe Gaskins (Republican): Or, Uncle Tom's Cabin Up to Date
Hood, W. I. (William I.)
Gold; Interest; Money; Paper money -- United States; Populism
Under Illinois laws, the owner of real estate is permitted to lease it
for an indefinite period, and compel future generations who occupy the
premises to pay rent to unborn generations. Leases for ninety-nine years
are quite common in Chicago. It is by no divine law that the occupant of
land to-day is allowed to compel its occupant one hundred years hence to
pay tribute for its use. The statutes of Illinois have given to the
owner of property the right to dispose of it by will, not wholly, but to
a certain extent. If married, neither the husband nor wife can give away
the homestead or dower rights of the other, nor can creditors, heirs or
devisees take from the widow her allowance.
The money power has governed legislation in all civilized countries for
generations. It matters not what party is in power in the national or
State governments of our own country, the money power has exercised a
controlling influence in many instances in the shaping and
administration of our laws.
If the accumulation of vast fortunes goes on another generation with the
same accelerated rapidity as during the present, the wealth of this
country will soon be consolidated in the hands of a few corporations and
individuals to as great an extent as the landed interests of Great
Britain now are.
What is the remedy for this state of things, which, if permitted to
continue, will make the masses of the people dependent upon the
generosity of the few for the means to live? So far as concerns
corporations of a public or quasi-public character—and none others
should exist—the remedy is simple. They are completely under the control
of the legislatures, whence they derive all their powers.
It is entirely competent for a legislature to provide the manner in
which the business of a corporation shall be conducted. It may provide
that the directors shall consist of few or many persons, that a portion
of them shall be taken from the employes of the corporation, selected by
them, another part from the stockholders who furnish the capital for
carrying on its business. It may provide that the employes shall first
be paid from the revenues of the company a certain fixed sum, graduated
according to the character of the work performed by each; that a fair
rate of interest shall then be paid upon the capital invested, and the
balance be distributed upon some equitable principle between the
employes and the stockholders. In case of loss the stockholders would
have to suffer, since the employe, having a right to live, must in all
cases receive his daily wages when dependent upon them for subsistence.
This principle receives judicial sanction from United States Circuit
Judge Caldwell, in his order entered in case of the Santa Fe Railroad,
as follows:
Public-domain text, read in full here on John Shaqi.
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