Compared to the colossal stakes and winnings of the Stock Exchange, the gambling which goes on at Monaco, or at Tom Taggart’s place at French Lick Springs is puerile. Since the world was created, no such gigantic gaming has been known as the mad speculations in the New York Stock Exchange. Of course, the losses are as large as the gains, but those on the inside of the Exchange have an enormous advantage over those on the outside. Those on the inside are generally the masterful fellows who shear the lambs outside. The organized, experienced and expert players within the Exchange have the same point of advantage over the gullible, unorganized public that the cool dealers at the gaming tables have over the men and women who buck against the bank. For the privilege of _getting on the inside of the game_, Mr. So and So pays nearly $100,000. * * * * * NEW YORK, Jan. 7, 1906. _Hon. Thomas E. Watson, Thomson, Ga._ DEAR SIR: Will you kindly answer the following questions in your _Educational Department_? (1) What is the difference between Single Tax and Populism? (2) Is it true that Grover Cleveland is to receive $12,000 per year from the “Big Three,” and, if so, why? (3) Why was not the Prudential Company investigated? Their premiums are about the same as the others. In talking with their agents I find them the same as agents of the “Big Three.” (4) Is Paul Morton treating the policy holders justly when he _takes_ $80,000 per year as his salary? Your Magazine is a God-send to the people at large and I trust it will be read by men and women throughout the country. Thanking you in advance, I am. Very truly, ⸺ ⸺. ANSWER (1) Single Tax puts all the burden of supporting the Government on one form of wealth, viz.: the value of land. Populism equalizes taxation, and would compel each owner of property to pay in proportion to his wealth. The Single Taxer would put all the load on land, leaving money, stocks, bonds and personal property of every sort untaxed. Populists cannot see any justice in taking the value out of the land of the farmer, while twelve billion dollars of railroad stocks and bonds go untaxed. Carnegie holds about three hundred million dollars in the bonds of the Steel Trust. Those bonds are as good as gold. They pay Mr. Carnegie a regal income. Why should my land have the value taxed out of it and Carnegie’s bonds go free? There is no justice in this scheme. It does not measure up to the Populist dogma of “Equal rights to all.” (2) Yes. To cloak insurance rascality with his respected name. The robbers who run those insurance companies simply bought the use of Mr. Cleveland’s name. He consents to play the humble but useful part of decoy duck for $1,000 per month.