to its knees in a most humiliating position.
 So today we find on Earth three distinct classes—Finance, Capital and Labor.
 The Laborer does the physical work; the Capitalist does the mental work; and the Financier does no work at all.
 The Financier does not plant, neither does he build, but like a great sponge he absorbs’ the wealth the Capitalist and Laborer creates.
 It must be understood that Capital means wealth and that money is not wealth but merely a trade convenience misused by Fi­nance to defraud everybody.
 Wealth is anythingand everything made valuable by human effort.
 Wealth principally consists of inventions, factories, machinery, manufactured products, crops, live stock, mines, quarries, raw materials, railroad, bus, truck, airpiane, dirigible and other means of transportation and distribution, good highways, bridges, telephones, telegraphs, radios, entertainment outfits, literature, paintings, city and country real estate, including farms, and all kinds of public and pnivate buildings and improvements.
 All of which has been made valuable by the planning of the Capitalist and the workmanship of the Laborer.
 But now about Ninety Percent of the wealth of the U S. A. is owned by about Ten Percent of its population and if this sponge-like program is continued for another few years then Ninety-nine Percent of the wealth of this Nation will be owned by One Percent of the Population.
  This idiotic performance is kept up because most people believe they have a chance to accumulate wealth, whereas they have no more chance to get it and hold on to it than the amateur card player has to win money from professional gamblers.
 A crook has said that it is impossible to dcuble-cross an honest man, but by telling dishonest men how they can cheat each other it is easy to double-cross them and get their money.
 So Finance leads Capital and Labor to believe his program will give them a chance to take advantage of each other, and while they are trying to do it, he takes their wealth.
 Therefore an honest economic system must be established before people will stop cheating each other and rise to a higher plane of physical, mental and moral value.
 The most dishonest trick man plays today is to tax money so that those without it must pay tribute to those who have it.
 Money is a medium of exchange and must not be used as an instrument of fraud. To give money a constant trade value the tax must be taken off of it and the entire wealth of the Nation must back it as security.
 To allow those with money to tax those without it makes easy the confiscation of everybody’s wealth, by a few unscrupulous schemers through compound interest and slippery credit methods.
 Under such conditions Depressions become necessary every few years to allow time for Finance to take over the wealth pro-