Watson's Magazine, Vol. IV, No. 2, April, 1906Various
History
Watson's Magazine, Vol. IV, No. 2, April, 1906
Various
United States -- Politics and government -- Periodicals
Mr. J. Pierpont Morgan and others of his class do not derive their
unearned revenues from their power to tax. But whence this taxing
power which affects every user of their several products?—Monopoly
of franchises, monopoly of mineral resources, such as mines,
quarries, etc.? What is the source of the Standard Oil monopoly?—Its
ownership of oil land or enough thereof to force independent owners
to sell on the company’s terms, and its consequent power to force
railroad discriminations in its favor? Where did the beef trust and
other industrial corporations derive their monopoly power? Railroad
rebates—“the big pistol”—railroads with their monopoly franchises. And
the railroad monopoly and these other breeds will be extinct in an
instant. End land monopoly and make railroad franchises common property
and the railroad monopoly will be at an end. Had not the Amalgamated
Copper Co. controlled the majority of the copper-bearing lands of the
world, “The Story of Amalgamated” would never have been told.
Referring again to the railroads, was it not largely the great land
grants donated to them by our Government that were the beginning of
their power? These grants operated in two ways to the advantage of the
railroads. First, they greatly increased the wealth of the railroads,
and, second, they diminished the power of the people by diminishing the
area of land open to settlement.
“Land is plentiful and it is cheap. The country is dotted with abandoned
farms that can be had _almost_ for the asking.” You say “almost for the
asking.” This implies that he who takes these farms must pay something
to him who has “abandoned” them. Why _almost_? Why not take them, as in
the case of the primitive tribesman, without asking? You state that they
have been abandoned because the owner could not make a decent living upon
them. Then why make the condition of the next owner more hopeless by
levying tribute against him for the use of a worthless farm?
Make land common property, safe-guard the interests of all by assuring to
each land-holder perpetual use, providing he pay his equitable share into
the common treasury—which in each case would be the increment of value.
Then “_abolish all other forms of taxation_.” This will secure every one
in the enjoyment of his labor’s product, will abolish monopoly and the
individual or corporate taking power, vicious tariffs, and all. This is
all you have demanded.
Your demand is a just one, but—as I trust you may be brought to see—your
remedy is superficial and cannot be made effective. You must dig in
deeper soil, else your laudable efforts are vain. The abrogation of
offensive legislative enactments and the enactment of other statutes
dealing with effects will avail nothing. Nothing save the rooting out of
the mother of evils can possibly accomplish the end for which you are so
courageously and manfully striving.
Public-domain text, read in full here on John Shaqi.
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