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of large industries (trusts), which he has frequently set forth in letters to the Philadelphia papers, and perhaps those of other cities, also. Suppose we hear him in his own words, taken from the Philadelphia North American:

The monopolistic combines are not attended with any redeeming features to which they can lay claim as a defense of their existence. The organization of a set of establishments into a monopoly does not confer a single advantage on industry.

The combining of the different railroad systems does not add to the skill of the engineers, the power of the locomotives, the capacity of the cars, the quality of the rails, or the evenness of the roadbed. The union of the sugar factories of the country into a single control does not facilitate the process of sugar-making or lessen the productiv cost of the article.

Combinations are gotten up for industrial prey, and are contemptuous of law, and in the interest of the common people, should be abolished.

How, then, may this be done?

So reform our present system of taxation as to make it discriminate against overdue concentration and monopoly and in favor of small wholes and competition, instead of the reverse, as it now does.

The following table, based on $100,000 as the unit of taxation, is illustrativ of the method that would serve the desired purpose:

TABLE FOR GRADUATED TAX.

that the excess of the graduated tax would have upon the consolidator and overenlarger.

Adaptiv and potential as the remedy is shown to be, it is none the less demonstrable as being uninjurious, simple of application, and thoroly practical as a plan of reform.

This is an interesting and suggestiv plan, but unfortunately the Federal constitution is against it. The tax would have to be national to do any good; and the constitution forbids a national direct tax unless it be apportioned among the states according to population, which would be impossible; and to expect that all the states would uniformly enact such a law and uniformly execute it would be equally hopeless. So you see how our antiquated constitution stands in the way of progress, just like it stands in the way of a national medical law.

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This table, which is suggestiv merely, is based on the supposition that the revenue requirements on a given occasion necessitate an initiatory rate of 1 mill on the dollar, and that the rate of increase indicated will have the appropriate deterrent effect upon overgrowths, trusts, and combines. The proposed application is as follows:

1. Tax all establishments, such as lands, coal beds, manufactories, railroads, and other institutions worth not exceeding $100,000, at the rate of 1 mill on the dollar.

Upon values exceeding $100,000, subject the first $100,000 to a I mill tax, the second $100,000 to a 2-mill tax, the third $100,000 to a 3-mill tax, and so increase for the higher values.

This will deter capitalists from investing more wealth in any one establishment than is necessary for perfecting the establishment, thereby producing an industrial system of small wholes and many centers of industry, instead of a system of mammoth wholes and only a few centers of industry.

2. Where two or more proprietors having separate establishments combine them for the regulation of prices or other purposes, tax each establishment at the rate corresponding to what it is for their united value. Thus, if five manufactories each worth $100,ooo be combined under the control of a trust or syndicate, tax each manufactory at the $500,000 rate. This will restrain capitalists from forming trusts and syndicates.

NO TAX ON INDIVIDUALS.

3. Fix the tax rate, not according to the wealth of individuals, but according to the value of establishments. Thus, if John Jones be worth $300,000, and has $200,000 of his wealth invested in a cotton manufactory and $100,000 invested in the coal-mining business, and they be operated separately and independent of other establishments of like kind, give him the benefit of the $200,00 rate for his cotton factory and the $100,000 rate for his coal business. Such a mode will disincline wealthy individuals or companies from getting control of single lines of industry and forming monopolies of them; instead, will incline them to divide their wealth among different pursuits and become competitors with one another.

4. Exempt the residence and household property of the people from taxation, and confine the tax to the wealth producing property alone, thereby relieving the people from a species of taxation neither necessary nor beneficial, and concentrating the full force of the taxing obligation to the accomplishment of the purpose sought in giving it the graduated form.

Taxation of the proposed character would start at once the forces of decentralization. Monopolies in every branch of operation in which they existed would succumb to independence of enterprise because they could not pay the heavier tax and hold out against the latter.

Actual instances proving that this would be the tax result, and which serve as a precedent for this method of reform, are found in the national bank and protectiv provisions. The state banks were driven out of business as note-issue concerns by a tax upon their circulation in favor of that of the national barks.

Foreign manufacturers are forced to give way to home manufacturers by a tariff which has the same effect on the foreigner

EQUITY SERIES

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"RATIONAL MONEY.", By Prof. Frank Parsons, of Boston University Law School. The only book on the money question which is fair and just to gold, silver and every other product. Paper Covers. Price 25c.

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THE LAND QUESTION FROM VARIOUS POINTS OF VIEW." By Various Writers. No other single book gives the various phases of the land question. No studen of the land question, and really no voter, can afford to be without this book. Paper Covers. Price 25c.

THE CITY FOR THE PEOPLE." By Prof. Frank Parsons, of Boston University Law School. Special Issue. This is considered one of the great books of this age. The principles elucidated apply far beyond the problems o cities Over 700 pages. Paper, 50c.; Cloth, $1.00.

56 THE TELEGRAPH MONOPOLY." By Prof. Frank Parsons, of Boston University Law School. Here this question is presented in a fullness and completeness never before attempted. Paper Covers. Price 25c. DIRECT LEGISLATION." Consists of Chapter II from "The City for the People," with important additions, and complete index. Nearly 200 pages. This is considered the best book as well as the latest and one of the cheapest on that subject of growing importance, Direct Legislation. Papa. Covers. Price 25c.

"THE BONDAGE OF CITIES." Consists of Chapter II: from "The City for the People," with important new matter, and a Model Charter, for the preparation of which a fee of $100 was paid. Paper Covers. Price 25c.

"THE ORGANIZATION AND CONTROL OF INDUSTRIAL CORPORATIONS." By F. E. Horack, A.M., Ph.D. Shows need of a National Incorporation law. Paper covers, 207 pages. Price, 25c.

"THE STORY OF NEW ZEALAND." By Prof. Frank Parsons, Edited by C. F. Taylor. A magnificent, illus. trated, cloth bound volume of 860 pages. Price, $3 00. "POLITICS IN NEW ZEALAND." Paper, 108 pages, plus 16 full pages of illustrations. Price, 25c. "ELEMENTS OF TAXATION." By N. M. Taylor. The only popular book on the general subject of Taxation ever publisht. 168 pages, Price, 25c.

"THE RAILWAYS, THE TRUSTS, AND THE PEOPLE." By Prof. Frank Parsons; Edited by C. F. Taylor. In two volumes. Vol. I, Relations of the Railways to the Public. Vital facts from the railway history of the United States. Vol. II, The Railroad Problem in the Light of Comparative Railroad History Covering the Leading Systems of Three Continents. Price, 25c. per vol. in paper covers. Both volumes bound together in cloth, over 500 pages, $1.50.

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PRACTICAL POINTS

The C. F. Kirkendall Co. say of their "Hydrastone-Kirk" that it "puts the digestiv tract in condition to manufacture its own ferments." That is a mighty good point. See adv. on page 26.

One of the ethical and reliable sanitariums where drug addictions will receive the best possible attention according to the latest medical knowledge on the subject, is Fairmount Home, of Cleveland, Ohio. See adv. on page 21.

The Labordine Pharmacal Co. say of their preparation: "It is free from the objectionable qualities of the mineral preparations, while possessing the necessary healing properties. No heart depression follows its use. no habit formation, and no bad after-effects." See adv. on page 15 and send for sample.

The Marshall Convertible Saddle Bags (either saddle bags or hand case at will) have held their own for many years. They are standard. See adv. on page 20 and send for their complete catalog of hand and buggy cases, etc.

The Purdue-Frederick Co. call attention to the following:

"Fothergill, one of the highest English authorities on medicin, says that no treatment of respiratory affections is complete without appropriate tonic treatment. This explains why Gray's Glycerin Tonic Comp. is so uniformly effectiv in both acute and chronic forms of bronchitis and laryngitis. It relieves the symptoms because of its local antiphlogistic properties and eradicates the disease because it antagonizes the ever-present element of systemic depression." See adv. on page 25.

Every physician of experience gets some few prescriptions that he learns to rely on in certain conditions, for experience teaches him that they are good. Dr. Freligh was no exception to this rule, and he had three prescriptions that he learned to rely on in certain conditions of the heart, of the liver, and of the general system. They were worthy to live after him, and are now prepared and the remedies sold under the names Freligh's Heart Drops," Freligh's Liver Medicine," and "Freligh's Tonic." They are just as good now as when the Doctor was alive and using them as private prescriptions. See adv. on page 11.

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The California Fig Syrup Co. wishes to call the profession's attention to the fact that the medicinal action of their Syrup of Figs is obtained from the best Alexandrian senna. Every physician knows the value of senna, and when it is put up in an elegant preparation like "Syrup of Figs," physicians will readily recognize its value to them in treating children, and others who must have pleasant tasting medicins. See adv. on page 9.

A couple of professorial members of the Association of Analytical Chemists of the Pasteur Institute have been studying Listerine, which is named after the great English surgeon. Listerine is a mixture of the essential oils of thyme, eucalyptus, baptisia, wintergreen, and mint. It has relativly non-toxic properties peculiar to these oils, but the Parisian savants have brought out the important fact that the mixture of oils is much more potent than any one of them singly. It attacks more than one joint in the bacterial armor. Carbolic acidused so much mainly because it is the original antiseptic employed by Lister-is 146 times as toxic as Listerine.-London Daily Chronicle.

DOCTOR!

Pneumo-Phthysine

is a modern therapeutic wonder.

It is applied to the front of chest in PNEUMONIA and bronchitis.

In other FEBRILE TOXEMIAS over seat of disease.

Its active elements enter the circulation by

An Automatic Dosage

The height of temperature determines the amount absorbed.

At normal the osmotic action is almost nil.

Try it in PNEUMONIA and witness one of the greatest therapeutic surprises of your life.

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