Index

INDEX BANK OF ENGLAND as currency maker, 61 seq. BANKS as currency makers, 64 seq. BASTABLE, PROF., on State's claim, 3 BOOTH, SIR A., on State control, II4 BORROWING ABROAD, effects of, 50 seq. BORROWINGAT HOME: advantages of, 3 8, 41, 43 evils resulting from, 42 seq., 47 seq. CAPITAL, objections to taxing, 87 CHILDREN,abatements for, 89 seq. CONSOLS carry no claim to repayment, 28 Cox, HAROLD, on State enter prise, 112 DEATH DUTIES imply differentia tion, 86 DIFFERENTIATIONof income tax, 85 EDUCATION, public spending on, 10, 21 seq. EMPIRE RESOURCES DEVELOP MENT, as revenue earner, 109 FOXWELL} PROF., on inflation, 54. GIFFEN, SIR R., on indirect taxa tion, 100 GI.ADSTONE,MR., on forms of taxa tion, roo GRADUATION: applied to income tax, 82 seq. impossible in indirect taxation, 99 9 GUERNSEY MARKET, miracle of, 57 HUME, JOSEPH, on taxes as con fiscation, 6 HUXLEYon State interference, 15 INCOME TAX: advantages of, 82 seq.

ideal form of, 88 seq. INDIRECT TAXATION: advantage of, 102 decline in, 102 unfairness of, 99 seq. INFLATION: effects of 68 meaning of, 55, 58 methods of, 60 IMPORT DUTIES, objections to, 103, 104 J AMES I borrows without interest, 27 JOHNSON, DR., on currency, 55 LAISSERFAIRE: domination of,. 18 results of, 19 LIBERTY,Abraham Lincoln on, 20 LOCKE on government, 2 LUXURIES, difficulty of taxing, 100 MILL, J. S., advocates exemption of savings, 96 PATRIOTISMand taxation, 7 PIGOU, PROF. : advocates exemption of savings, 96 on inflation, 67 121 122 INDEX POLL TAX, graduated, 84 POSTERITY: how our spending affects it, 35 will not pay our debts, 30 seq. PRIVY SEAL, letters of, 27 PROPERTY, protection of, I ROMAN EMPIRE drives taxpayers to strike, 5 SINKING FUND, how provided, 34 SMITH, ADAM: on governmental spending, 20 seq. on taxation, 76 seq. SPENCER, HERBERT, on State action, 9 seq. STATE ENTERPRISE .C¥' revenue earner, IO.') seq. "STRIKE, taxpayers' power to, 5 TAXATION, advantages of, in war, 44 seq.

TREASURY NOTES: amount of, 65 issue of, 53 WAGE EARNERS and income tax, 98 WALKER, F. A., on Smith's maxims, 77 seq. WEBB, SIDNEY: on family incomes, 90 on State enterprise, 109 P,inted by Ha~ell, Watson 0-Viney, Ld., London and AylesbufY, England_