Publisher's Synopsis
Excerpt from Speech of Hon. Roger Q. Mills of Texas, in the House of Representatives: Saturday, July 21, 1888
But this is not all of the vicious consequences that ?ow from unjust and execs sive taxation. Wrongs never go alone. They are gregarious. They hunt in ?ocks. This large sum of money extracted from the channels of business circula tion and locked Up in the Treasury is constantly lowering the price of the prod ucts of labor not protected against competition, and while increasing the demands of the tax gatherer it decreases the ability of the taxpayer to comply with those demands. Every one knows that the price of commodities in the market is fixed by the amount of money in actual circulation, and when the circulation is depleted prices fall, property shrinks in value, and loans and mortgages increase. The load grows heavier on the back of the debtor, and his pathway grows darker and his struggle harder day by day.
Those who have means, and who have been excused from sharing with their fellow citizens the burdens of taxation, find their fortunes improved, while the less favored citizen, who must live by his daily toil, finds himself anxiously inquiring how he is to obtain employment and support for himself and those dependent on him. Depleting the channels of circulation necessarily arrests con sumption. When ability to buy the things that want requires is decreasing the demand forthem will decrease in the same proportion, and when the' demand decreases the production will correspondingly decrease. Then employment is restricted, laborers are reduced or discharged, and suffering, distress and discon tent are seen on every hand.
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