The True Issue: Industrial Depression And Political Corruption Caused By Tariff Monopolies. Reform Demanded in the Interest of Manufacturers, Farmers, And Workingmen

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"In reviewing the past year, it is important to note that it has been a time of great prosperity for the working classes ; employment has been abund- ant, and wages have been generally good ; the home trade and the traffic returns of railways have benefited by the spending of these earnings, but the demand for articles of consumption consequent THE TRUE ISSUE. 53 on this prosperity, has been so freely met, that generally, trade has been unprofitable." In the Congressional Record, I find Judge K
...elley declaring in the House of Representatives, with great emphasis, that " it is a well known fact that business was never before so depressed in En- gland as it is now." I turn to the newspapers, and I fipd failures in the United Kingdom are little more than one- third what they were four years ago.
I find in the London Economist of July 26th, a statement of the assessments under the income tax for the last two years, showing an increase in the two years of one hundred and nineteen million dollars.


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