OCR Text |
Show I,i'oirt"s mill I'overty. Tho cause of poverty is found in the inonopoii.iilion of natural bounties, pri-vato pri-vato control of railroads, contraction of the currency and tlio unjust apportionment apportion-ment of burdens and rewards. According to the tenth census the uverago yearly earnings of American labor decreased from a Jittlo moro than $100 iu 1370 to a littlo more thau i?:!00 in lSfO, yet the wealth of tlio nation increased in-creased during that period more than a billion dollars a year. Iu l'iO tho farmers of this nation owned tliree-tif'ths of its wealth, in 180 they owned but one-third of its wealth, and today they own but one-fifth of its wealth. Yet tho fanners aro still paying tlio 80 per cent, of tlio taxes paid by thorn in IS'iO. Tho farmers of proud Iowa havo sold their products at a loss Kinco lSO, except when other western states suffered universal failure, and the mortgago indebtedness on tho homes in Iowa liow aggregate f iOO.000,000. L bor Commissioner Sovereign of Iowa. |