J. Sterling Morton of Nebraska, one of those "village Hampdens" whom G. Cleveland discovered when raking the country with a fine-tooth comb in a frantic search for intellectual insects even smaller than himself, says the Bryan Democracy is composed of fanatics, bigots and idiots. He must have seen that brilliant bon mot in the Chicago Inter-Ocean. Poor J. Sterling Morton. Not being born great, nor having the ability to achieve greatness, it was his misfortune to have it driven into him with a maul. And he's never gotten over it. Had Cleveland done naught else evil he would have damned himself everlastingly by pulling this intumescent jay out of a Nebraska turnip- patch to make him a cabinet clerk. I say cabinet-clerk, for the so-called secretaries of the Cleveland regime were merely stool-pigeons for the Stuffed-Prophet. And now this erstwhile seneschal of the Buffalo Beast, this pitiful stool-hopper for the d—est fool that ever disgraced the presidency, turns up his beefy proboscis at the intellectuality of the Bryanites. If J. Sterling Morton would only shave his head he could get four dollars a day for playing What-Is-It in a dime museum. As an anthropological curio Oofty-Gofty or the Wild Man of Borneo wouldn't be "in it."

. . .

The committee sent to Europe by McKinley to talk a little twaddle about international bi-metallism has completed its alleged labors, and the net product is nothing—just as the people knew it would be when saddled with the expense of this high-fly junketing trip to enable the administration to make a pretense of redeeming the kangaroo promise of the Republican platform. The silver problem is not at present the burthen of my song—I simply rise to remark that the American people have been buncoed by this commission business. It was sent abroad at great outlay of boodle to ascertain what is perfectly well-known to every man outside the insane asylum, viz.: that England, being a creditor nation, would not consent to the remonetization of silver. Now let us send a commission to Europe to see if the water over there is wet. O Lord! how long will Uncle Sam consent to enact the role of a long-eared, pie-bald ass?

. . .

I wonder, O I wonder who that "prominent lawyer and sound money Democrat" was who got drunk at Charlie Cortizio's in Austin the other day and toasted Chollie Boy Culberson as "Texas' most distinguished son, the man who has done most to distinguish his state abroad"—just a bummy little boost for Chollie Boy's anaemic senatorial boom? I cannot imagine who he may be, but I was pleased to see his toast followed in my pet daily by an "ad" for a tansy compound warranted to "give relief from painful and irregular periods regardless of cause." I hope that the "sound money Democrat" aforesaid did not overlook the "ad," as he was evidently having a painful period and much in need of relief. I sincerely hope that he doesn't get that way often. It is a trifle difficult to determine whether he was pregnant with a great idea or full o' prunes—whether he needed a tansy compound or a cathartic. Poor Chollie Boy! His senatorial boom must indeed be in a bad way when he must fill old boozers with beer to induce them to boost it. But it is quite true he has been heard of outside the state—the ICONOCLAST has mentioned him several times.

. . .

I noticed in one of the local papers that "Dallas wants Baylor," $50,000 to $75,000 worth. Doubtless I'm a hopeless heretic, but I don't believe a d—n word of it. If anybody thinks that Dallas will put up $25,000 cash to secure the removal thither of Baylor, he can find a man about these premises who will make him a 2 to 1 game that his believer is 'way of his base. Dallas doesn't want Baylor even a little bit. There isn't a town in this world that wants it except Waco. It is simply another Frankenstein monster that has destroyed its architect. Baylor spends no money here worth mentioning. Its students are chiefly forks-of-the-creek yaps who curry horses or run errands for their board and wear the same undershirt the year round. They take but two baths during their lifetime—one when they are born, the other when they are baptized. The institution is worth less than nothing to any town. It is what Ingersoll would call a storm-center of misinformation. It is the Alma Mater of mob violence. It is a chronic breeder of bigotry and bile. As a small Waco property owner, I will give it $1,000 any time to move to Dallas, and double that amount if it will go to Honolulu or hell. There is no bitterness in this, no desire to offend; it is simply a business proposition by a business man who realizes that Baylor is a disgrace to the community, is playing Old Man of the Sea to Waco's Sinbad. The town could well afford to give it $100,000 to "pull its freight."

* * * SOME ECONOMIC IDIOCY.

A correspondent calls my attention to the recommendation of a commission appointed by the governor of Massachusetts, to the effect that "all taxes on intangible property be abolished." He adds that, "as much of the wealth of Massachusetts is in stocks, bonds and mortgages this would relieve the rich at the expense of the poor." I could recommend that my correspondent be placed in a well-padded cell in a lunatic asylum and fed on Ladies Home Journal literature. The idea that what he calls "intangible property" should be taxed is quite prevalent among the ignorant and a perfect hobby with the half-educated. No writer distinguished for economic erudition recommends laying a tax on notes, stocks, bonds and other such evidence of wealth. Such a tax should never be laid by a government guaranteeing equal right. It is class legislation—it is DOUBLE TAXATION. This statement may not be at all palatable to the West and South, but the proposition is impregnable. It taxes both the lender and the borrower on the same property and the latter has to pay for both. It must be remembered that such securities are not wealth per se, any more than a cook-book is a square meal—they are merely evidences of ownership. Let us say that I hold $10,000 worth of stock in the Illinois Central railroad: The road is my property to the extent of my stock—I am a small partner in the enterprise. It pays taxes to the State of Illinois and to every county and municipality through which it passes. Having paid taxes upon my property in Illinois, where it is located, must I pay taxes upon it again in Texas, where it has no existence? If I must pay taxes upon my railway property, then pay it again upon the certificate that I own it and am entitled to its usufruct, why not compel me to pay taxes on my business block, then pay it again on the deed thereto in my possession. My certificate of railway ownership and my certificate of realty ownership are on an exact parity from an economic standpoint. Each is evidence that I possess tangible property upon which I am paying taxes, and I emphatically object to a double dose. Exactly the same principle applies to promissory notes and bonds. A bond is nothing more nor less than a note. Suppose that I hold Illinois Central bonds to the extent of $10,000 instead of stock: The corporation has borrowed the money of me and invested it. It is paying taxes as well as interest on my property in consideration of use. As the corporation is using the property it must earn all the taxes, by whosoever directly paid, for I can earn nothing with property not in my possession. If I am taxed on my bonds, I must "put it in the bill," just as the merchant puts rent, interest and insurance. If Massachusetts owns ten million dollars of Texas securities she has simply transferred that much tangible wealth to this state for us to tax. If the paper evidence that this property is located here be taxed in Massachusetts, Texas must pay the piper. Let it never be forgotten that a tax is but a toll and can only be taken of something tangible. You cannot get blood out of a ghost or wealth out of a paper evidence of property. The blood must come from real veins and the tax must be drawn from something tangible. It is a contravention of justice and a violation of economic law to tax this man's property once and that man's twice. That the one is rich and the other poor does not mitigate the infamy—it is a fundamental principle of this republic that all men shall be equal before the law. Some years ago a howl was raised that reached high heaven that Jay Gould was worth 50 millions and paid taxes on but 75 thousand. Economic idiots gnawed a file because the ex-house-trap maker objected to paying his taxes twice, and charging his patrons on both the amount and the cost of collection. There are many abnormal fortunes in this country, but confiscation through taxation is not the proper remedy. If the government toll be an ounce in the pound let it BE an ounce in the pound, whether the citizen possess ten pounds or ten million. Let every citizen contribute to the support of government in exact proportion to his means. To exempt the man who makes $500 a year and place the entire burden upon the man who earns $1,000 a year and upwards is to make of the first a political pauper. The graduated income tax, so-called is wrong to one class of citizens and an insult to the other. Let us tax all property once and only once; but let us see to it that unctuous old hypocrites like Rockefeller are not permitted to rob the public—that they do not build collegiate monuments to their own memory with other people's money.

* * * AN EPISCOPALIAN MISTAKE.