Speech #500133862

Notwithstanding the fact that General Harrison and the Chicago convention regard this as an inconvenient time to stop the raid of the bondholders and the subsidized classes upon the earnings of the people. and have no quarrel with the annual excessive taxation of $120.000.000. because the bondholders can so profitably absorb it at 29 per cent. premium on their bonds. and because the protected capitalists can realize from it much larger percentages in their profits. the country will welc6ie these eleventhhour comers into the vineyard. the Senate committee. with their pruninghooks and leather aprons. prepared to cut off this parasitical excrescence. They come very late. and angrily threatening to cut the tendrils of the true vine. but since the Democracy have at last forced them to work for the country instead of the lords of the vineyard. we will have a care that they shalldo no serious harm. They come protesting that their labors are all for the benefit of forcigil capital and foreign pauper labor. who. they allege are the real taxpayers. but they feel that this is an error which they have not yet the courage to recant in words. In their speeches they cling to this error. but they abandon it in their bill and come squarely abreast with the President in declaring that unnecessary taxation is an unjust taxation. and that this excess of $73.668.999.30 is an unjust tax and must be pruned off. leaving the true vine to grow and bear fruit. The logic of their speeches is in deadly conflict with the logic of this Senate bill.