But, it will be asked, will not a fifty times millionaire give employment to as many men as will 500 men with $100,000 each. No. Not even if madam and himself are at home from toadying up and down through Europe in search of a princeling. (Stop this fad of the spoiled darlings of fortune and you stop a leak through which over $1,000,000,000 of American money has already disappeared. We will sustain this with facts in its proper place.) One million dollars divided among ten men will do ten times more good than if owned by one man. One million dollars owned by one man is like one million acres owned by one man. He will certainly make some kind of use of his acres, but the very best he can do will be as nothing compared to the use a thousand men or more can make of them.

It is the same with a million of money. And an enterprise calling for one million dollars of capital can be carried on just as well if that capital is owned by fifty men, as it could if it is owned by one man. We will have more to say on this point before we are done.

The American millionaire has also the power to squander outside of our own territory that which is much needed in his country. And the thousands in money which he sends to Europe for something to hang on his walls would pay for a much needed improvement in some city or town in the country where the money was made.

The American millionaire is a detriment to his own country any way you take him, although a great many people are thoughtless enough to say that we cannot get along without the millionaire. The capital which he controls will be still here after he is legislated out of office, just as it is when Father Time gathers him in.

He not only injures our country by taking its capital away, but he checks development by tying up the resources which he has got t.i.tle to.

He incloses thousands of acres for a few deer or some such to browse in when the whole should be thrown open, and those in need of homes allowed to settle it. There can be no doubt but what this is a great waste of land when we remember how rapidly those reservations were settled when they were thrown open within the last few years. Those large inclosures may or may not contain land suitable for those in need of homes, but a look through the foothills and mountains of California will show that homes can be made among the rocks and canyons even - when people are forced to it. And it is this power of millionaire to compel us to takes his refuse that we have to do with here, and not with the quality of the land in his game preserves. Strip him of this power and you make the "decoration for his wall." the "deer park," and the "princeling"

impossible, and the people will once more have come into their own. Let him retain it and he will soon drive us to beat the bush for game that he himself will bag, as he has already bagged the wealth we produced.

Let him retain it, and his sixty miles of fencing may or may not inclose worthless land, but it will not be the land, but the idea represented by the deer inside, that will set us to thinking of the aristocratic parasite and of the pauperism and slavery that is a part of his belongings where-ever he is found.Let him retain it a little while longer, and the soldier, who is steadily working his way on to the scene, will be here, and then the power to help ourselves will be gone, for the grip will be at our throats.

Those who are watching the mighty drama that is slowly unfolding itself on the world's stage of to-day, saw during the strike of last summer with what astounding ease a great people can be subjugated by a few disciplined men. And we no longer labor under the mistake of thinking that because they are our own people they will not shoot to kill. Put your brother - aye, your son - into a uniform, and he needs but the word to snuff you out as quick as he would a red handed Apache. He has been drilled to believe that he himself would be snuffed out if he disobeyed.

And this result of disobedience is ever present with the man in uniform, and has been engraved into his very soul, for his only G.o.d is the drum-head court-martial. This is the creature that has made the aristocratic parasite a fixture in Europe, and he is all that is needed to make the same curse a fixture in our own country, and every attempt to increase his number should be resisted with all the means in our power, until the plunder he is wanted to guard shall have found its way back to its rightful owners.

IV.

We will now show how the principle of Confiscation should work in the case of railroads. This cla.s.s of property, by the way, should never have been given over to private ownership to begin with. They are for the convenience of the public, just as much as any harbor or navigation ever was. And if it was right that the founders of the Republic should, in the interests of the country's commerce, deny the right of private ownership in our navigable waters, then it was wrong to concede the right of private ownership in railroads. As for the capital to build them with, it was just as easy to get it for that purpose as it was to get capital to dredge harbors, build lighthouses, build forts or the Stanford University. The first railroad, or even the twentieth, never suggested to the leaders of those times any idea of what this rival of the winds and tides would develop into in a few short years. Individual greed has so little time, to spare from the building of its own nest that politics in the United States, where the common good should be the aim of all legislation, has become a hand-to-mouth affair, and the morrow must shift for itself. Busy hunting for spoil, like our own incompetents of to-day, the legislators of the past cared nothing for the morrow; and, without knowing what they were doing really, surrendered a principle to the railroad projectors that was but a spark at the time, but which has spread until we find the blaze devouring us to-day. The statecraft that never found time to look beyond the ringing of the curfew bells would have starved to death had it to compete with those who were then working the lobby, while it was splitting hairs over the Const.i.tution and accepting the "stuff" that would do it "the most good." No cla.s.s of property shows the justice, and therefore the need, of Confiscation as much as railroads. No cla.s.s of property has done as much toward absorbing and transferring the whole country into the hands of a comparatively few men as railroads. But when Confiscation gets through with these monarchs of all they survey, the town or section through which these railroads run will not find themselves like a sucked orange by the wayside.

Taking the Southern Pacific Railroad, we find that it runs through Madera County, California, but it is doubtful if ten cents worth of its securities are owned there. Madera County, then, has property within her borders that earns an income, not one cent of which goes to the county where it was earned.[1] The property is there, but the income from it is taken elsewhere. This is the one great flaw in our present economic life, and is the very root of our present troubles.

The income from property is taken from the locality where it was earned.

And the farmer's wagon sinks to the hubs for want of money to build good roads. And the laborer is robbed of the income that his labor earned, and he sinks his manhood at the soup-house door. We repeat it: The great defect in our economic life is the taking of the income from the locality where it was earned, and from the laborer, the source of of it all. This does not mean that the laborer must spend his income or wages where it was made. It does not mean that the income from property must be spent in the particular locality where the property is located. It does not mean, in short, that there shall be any restrictions placed upon the individual in any way outside of limiting him to the ownership of $100,000. With that he can do as he likes, and go where he likes - t.i.tle-hunting if he wishes, when he will be sure to find many bargains, for it is our impression that there will be a slump in that market when the American millionaire is no longer found among the bidders.

To the United States Government must be left the winding up of the affairs of the railroads, and all other paper-represented property, as it is obvious that she can do it much better than the many States of which the country is composed; and the before mentioned excess shall then be turned over to the different counties where the railroads are located, each county to receive in proportion to the value of the railroad property within her limits, and not according to the number of miles.

President Huntington does not own all the stocks and bonds of the Southern Pacific, but for ill.u.s.tration sake we will a.s.sume that he does.

Is it not plain then that Confiscation, when it gets through with this railroad owner, will have made the counties where it is located its owners, both of the property itself and the income which it earns? Is this Government ownership of railroads? That term as now understood means buying the railroad, and it is the millionaire we are trying to get rid of, but he is still here if you take his railroads and give him something better. We have already said that private ownership should not have been allowed, and we would now confiscate them without any reservation whatever if it were not for the thousands of small investors in their securities and as these small investors must not be injured, we are compelled to leave the railroads in the hands of private owners, as buying out even these small owners would cause a national debt such as we had better steer clear of. But it is not essential to the welfare of the people that the Government should own the railroads. The point we wish to bring out is, that the wealth and resources of the country has found lodgment in a few hands, whereas it should be scattered among all the people, and as long as they are getting the benefit it will matter little to them whether they own it in their Governmental capacity or as individuals, and the counties even are not to hold on to the forfeited excess, but must dispose of it as fast as the people are able to buy.

But Huntington not owning all the securities of the railroad of which he is president, we send for persons and papers and confiscate as fast as the excess turns up, and distribute as described above. "Oh my! Oh my!"

comes a voice from out of the woods. "Is not this robbery?" No; nor armed revolution either, but a peaceable solution of the question. Who owns this earth anyway?

When persons and papers are sent for, and one of the interrogated is found to possess, say, $100,000 in money and securities, $100,000 of real estate, and $100,000 of other good things the right of choice Should be given him as to the $100,000 he wishes to retain. For the limiting of every individual fortune to $100,000 does not mean $100,000 of one kind of property and $100,000 of another kind, etc., but $100,000 all told.

Those of our own country are, of course, amenable to our laws, but many of the securities of the road under consideration are owned abroad, and persons and papers there are not responsive to our subpoenas. If it brings disaster to a country to lose income made there, are we not close to one of the causes of the wretched want that is confined to no section of this land as we draw nearer to the man abroad, who is fattening from income that is drawn from all over this country?

Repudiation is unnecessary here. Simply stop the interest on all American securities owned out of the country.

This we have a perfect right to do, and when it is done the foreign holders will be on their way here as fast as the first ship can take them. The despised steerage and all will be full of him.

Here we are once more obliged to use a word that is as hateful to us as it must be to every one who has probed the wounds of this bleeding country in the hope of finding their cause. And probe where we will, and how we will, it is Bonds; always Bonds - the interest bearing bonds. And standing around are the hyena millionaires, from far and near, lapping their income from the dying form whose first breath was the immortal Declaration.

Gas Bonds, Water Bonds, Sugar Bonds, Flour Bonds, Telegraph Bonds, Railroad Bonds, Bonds, Bonds, Bonds.

School District Bonds, Road Bonds, Munic.i.p.al Bonds, County Bonds, State Bonds, and United States Bonds - chief offender among them all, whose issue is left to the sweet will of one man - the political freak now in the White House.

[1] The railroad, of course, pays taxes to the county, but it would have to pay taxes even if it had no income.

- (V. editor)

But we always get the money when the foreigner gets the bonds. That is a lie. Here is some sample evidence of it.

When our parasite hears of another large jewel reaching London from the African mines, he says he must have it for madam's tiara, and taking a small matter of $500,000 or so of securities, he goes over, and when we next see him the securities are gone. But has he money in their place?

None whatever. Madam's tiara is safe, but this country is not one cent of money the richer by the transaction.

And when it is time for a husband for Miss Parasite, the two old birds start over with bulging grip to get a mate for the sweet damsel - for she is sweet, as they all are, bless them, whether they belong to the millionaire's brood or to the laborer's - and it freezes our blood when we think of what is sure to happen if the dread machine gets to work here as it did over the way - to get, we say, a mate for the damsel, and when he is found there must be money down and this money is obtained in exchange for the bonds, and remains in the same country where the bonds and t.i.tles are.

This has been a losing transaction all round, for, alas, the dear one herself goes over in a few days, and when we next hear of her she will be calling on her big brother to go and thrash the whelp that our money purchased.

It does not look like business to make purchases abroad with income producing property. But when they buy, say $50,000,000 of government bonds at a clip, as did the late Wm. H. Vanderbilt, they turn the interest as fast as it comes in into more income producers, and this leaves their cash-till comparatively empty, so that when they need money quick, for there is much compet.i.tion among this gentry, as in the case of a big jewel or a princeling, they have no option but to be up and away, and our securities being pie to them over there they grab a lot, and then the rush begins.

Nevertheless there must not be the semblance of injustice done to these foreign investors in our securities when they arrive here to make terms.

We have the right to stop the interest, but the securities themselves we must redeem. But redeeming them all at once in gold being out of the question, and as that is the only kind of coin that is now acceptable to the foreigners, they must either wait until we get enough of gold, or until they think better of silver, and are willing to take that metal in part payment, and in the meantime while they are making up their mind, about it they must accept the best we are able to give them, namely non-interest bearing bonds.

It is against the grain to bring the unsavory Bond on to the boards again. But looking at him closely, as he now appears, You will notice that he is well broken and as we have no better we must use him to bring in the rest of the untamed band to which he once belonged. Neither should our visitors complain about this form of payment. If all of our obligations from abroad were paid in coin, a.s.suming that we had enough, it would fill Europe with idle money, and as we have always been a good customer, and always prompt in our payments, they should be reasonable, and admit that it is no worse to have idle bonds than it is to have idle money, so long as final payment is a.s.sured. Neither should they expect, par value for what did not, in many cases, cost them fifty cents on the dollar. We will pay them market value no more. And do not imagine that these people have been kept waiting very long to find out these terms.

For so positive are these leeches, here and elsewhere, of being able to maintain their hold that those we have just finished with will not make a move to come here until the New Bill of Human Rights has become the law of the land.

And this foreigner whom we are done with, so far as his power to injure us goes, is the counterpart of our own millionaire, and the scowl with which he leaves these sh.o.r.es means another crunch of the iron heel on the necks of his own slaves, and it is only the magnitude of the work that is before us, which none but the blind will deny, in the subduing of our own masters, that makes it a sad necessity to refuse aid to the oppressed the world over. One thing is certain however: whether Bunker Hill led to the fall of the Bastile or not, the liberation of the slave in the New World will show way to his liberation in the Old, and in this way do we render him a service, even if we cannot see our way to help him in any other.

The foregoing should make plain how the principle of Confiscation will work in the case of railroads, and all other paper-represented property that can be, and is, owned elsewhere than where the property itself is found.

And there is no need of interfering with or changing any of the functions of the different branches of our Government in order to make Confiscation a part of our organic law any more than there would be to increase the duty on imported wool and to collect it. The machineries of the law making, judicial, and executive branches of our Government, are sufficient for any calls that Confiscation can make on them. Any other construction that may be put on what has been said heretofore or may be said hereafter, is all error. If insisted on, what then? Have we run up against the impa.s.sable? It is sufficient to say that what is ours is ours to change when the need is evident, and the Const.i.tution itself is not, an exception to the truth of this.

The laws regulating the rising and the setting of the sun are not of our creating, and we cannot hasten or r.e.t.a.r.d its coming and going one iota of time, and we do not live in the age when it could be done.

But the Const.i.tution is a man-made thing, and when growth has made it a straight jacket then the time for ripping has come.

VI.

Once more resuming our pursuit of the millionaire whom we have dispossessed of his railroad plunder, we find the chase taking us into town, where Confiscation will find many problems which it alone can solve - where it will find his sixteen story building, for his hours of plotting, and his suburban palace for his hours of ease, and the hiving humanity between over whom he had to walk to reach either. Those palaces on the n.o.b hills of these United States are the toadstools of the decay that is going on in this Republic to-day.

The master crime of all ages was the building of those pyramids on the Egyptian sands, for they were useless, but the whim and the slaves and the lash of power were there, and the pyramids went up.

Let us see to it that the power of our pyramid builders is destroyed before it gets beyond five million dollar palaces.

When we apply the principle of Confiscation to the millionaire merchant and turn his excess into the public treasury, it will be no more destructive of the business of which he has had all the profits than it was of the railroads. There will be more business done in the same line than ever, but more will be doing it, and consequently more will share in the profits.But if our object is to break up these fabulous fortunes, which mean certain death to our liberties, and whose blight has paralyzed progress and development, there should be no reason why we should not allow the present owners to take a hand in the breaking up.

If the merchant, or other millionaire, would rather divide his millions among his relatives (barring his wife and minors) and friends, than to resign it over to the public treasury, let him do so. Our aim will be attained whichever happens, which is simply to bring about a better distribution of the wealth of this country, and we know of no way of making this even distribution that will compare with Confiscation.

Socialism, in all its forms, means the surrendering of individual liberty, and is a retrograde movement, and the outcome of it can be nothing more or less than despotism of the very worst kind.

Socialism enlarges the power of one individual over another. This is incompatible with the liberty that goes with a republic. Confiscation says, $100,000 is enough. When you are found with more, it will be considered as proof that you have been taking an unfair advantage of some one, and the surplus makes you dangerous to the welfare of a republic, and is therefore forfeited. There will be nothing more disagreeable, so far as the right of the individual goes, in the enforcing of this proposed law than there is in the collection of taxes on incomes. Cutting a fortune down to the $100,000 limit may be considered a very disagreeable thing indeed, but when we are reminded that it is all done for the common good, we become reconciled at once, for we feel in our heart of hearts that the altar at which we can cheerfully make whatever sacrifices we are called upon to make, is the altar of our brother's welfare.