New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-05-31
The Bank Of the People.

The puroose Of the Bank Of the People Is, as we
have seen, the Emancipation Of Labor aud the
consequent establishment Of the Republic o.
Wealth. To accomplish this II organizes Indus
try, Banking and Commerce, or as the Economists
would say, Production, Circulation and Consump-
ton, on the three fold principle OF Liberty, Equal
ity and Reciprocity. We viii take up these three
functions separately treating for the sake Of con
venience the frat and third before the second.
TIE ORGANIZATION o. ISDrsrRY-THE SYNDICATE OF
Production.
There are ia Paris some 10000 workmen, a
third or half Of whom are already organized IN As
sociations for the prosecution Of their various
trades. OF these organizations we have already
given our readers some account and shall take al
early occasion 10 make known their progress since
the lst Of February last, the date up 10 which our
statement was written. For the present enough
70 say that IL has been most encouraging, proving
10 q very conclusive way that the wOrkmen Of
Paris not only possess much skill in practical a.
fairs but that Labor which VI nh the help Of Ma
ture, has produced all the wealth there is in the
world, is abundantly sufficient 70 its own emanci
patton provided there be unity Of purpose and
wisdom Of direction among the lsborers.
Now, important as are these Associations,
it is manifest that the work is but halt done
when they are formed and successfully in oper-
alton. They d. indeed, to a great extent
abolish the erDlotGtion' Of the Employer
Worker by the Employing Capitalist aud make
the Worker his own Employer, but in order to
completely gain that end, the Associations must
be associated, united in one body for n utual aid
prote ction aud guidance, end for the increase Of
the com mon force 1t is the business Of the Syn
dictate Of Production TO establish such union, and
draw forth all its advantages
The Syndicate Of Production is sort OF Central
Committee or Board Of Directors, chosen by the
various bodies Of workmen 10 represent and take
care OF the interests Of the producing class. It's
duty is to complete the organization in one body,
which shall be governed according TO universal
suffrage, Of all that class, whether now members Of
Associations carrying on business as Employers, or
laboring each for himself; 10 favor aud assist the
formation Of Industrial Associations 70 negotiate
and guarantee what loans such associations may
need of the Bank to serve as a central point aud
agency Of relations and intercourse between DIFF
ferent branches Of work to supervise the quality
of the articles produced to organize and direct
among the various Trades and Associations a sys
TEN Of mutual insurance against all kinds Of losses.
whose value can be estimated to encourage in
ventons and improvements TO procure the
best terms the right OF using inventions To guard
against suffering the part of those whose occu
pations are superseded by the introduction of new
machines and processes; to organize apprentice |
ship, so that the youth may be enabled, as far as
possible to learn trade suited to his or her natur
al odo nd Init oh ed a
apprentices may have them to organize central |
fund for pensions to superannuated workmen, 10 |
seek for mode of so combining different occupa |
tions to avoid the evils arising from the neces
sary suspension of certain trades during parts OF
the year obviate the bad effects which the ex
IRENE division of labor often has upon the work |
men, &c. &c.
In a word, the producers being organized in one |
body, the Syndicate OF Production is the providen
head and executive hand thereof
THE oRGASIzAIIoN or cONsERcE-TBE SYNDICATE oF |
CONSUMPTION
It's notorious fact that working people and |
poor people pay dearer for the necessaries OF life
than any class beside. Other persons can take |
advantage of favorable states OF the markets, buy
in large quantities and OF the best dealers but |
laborers having nothing before hand, receiving |
small wages, and of necessity living from hand to
mouth, can do none OF these things They buy the |
poorest aud most adulterated articles OF the most
uncomfortable retailers at times when prices
high, az well as when they low, aud always
at rates whose enormity is proportioned to the
smallness of the quantity which they purchase at
once. They pay in proportion far more for rents,
fuel lights, clothing and food, than do those who
lie in periumed chambers, whose meats are fat,
whose drink is red aud sparkling. and whose YES
ture is sumptuous and soft. On them the abuses
Of the prevailing system Of commerce, every
where bad enough, work their utmost mischief
This must be remedied.
We have already seen the producers combined
for the function OF production or in labor the
matter now In hand is to combine them for the
supply of their wants. The Syndicate Of Con-
sumption is designed TO perform that office.
IL will procure the erection of great combined
houses where there will be excellent and healthy
accommodations tor families and Tor single persons
Mt low rents; it will establish bakeries, mca,
markets, fruit shops, groceries, and will open In
Paris and elsew here magazines, and will buy al
wholesale in the best markets and on the besi
terms all articles OF necessity, and Will also re-
ceive the same on consignment, taking care that
thew shall be unaduterated and good, and will
furnish them at cost, which includes, OF course,
adding enough to cover expenses and risks, 70
those rAo come to bay them W':A the notes o. he
Bank, but not to those who come with specie
money. And all other articles, not OF common
necessity it " i'll procure and deliver TO order On
the same terms
twill establish dep6,s for the deposit Of all
kinds of materials for all trades, receiving them on
consignment and selling them on commission AMI
will make arrangements by which 1t will be able
10 supply whatever OF that sort may from time to
time be wanted; aud such articles it will also N
nil cases, furnish on better terms for payment IN
the notes OF the Bank than otherwise.
twill open accounts with the different AssoOia-
lion. and with the Syndicate OF Production ior'uch
materials furnished for manufacture, and will also
make advances of materials to the Syndicate o
Production on consignmen's OF manufactured ar'i'
cls.. and in union with that Board will exercise
-. ....- cha ,pe litv and the price Oi pro