The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1867-08-24

puzfed statee osSht % ofE,algs hlnaalgps IN !
~ ~ enspicss d the Es11oosa k1bof ksios, Z
~ that they peocosd y sls4t fron ~ unks |
- I6er eoek - r na} y nas sslsab,e % i
lssprsssu ther inss1 - = The sssfs ~ natios-
- e1islafnrss ~he1 priaAry object shAil - 70
enact A eiElcient slrhs-beur lsw.
sppolnte psrson q represent then. snd draw
ap position. addressed 20 the United States
courFess, asking u 70 adopt m eight-hour law
for he benefit Of government empleyss. and
that ~ general eight hour ietgues, and other
IHbHrg5tis0ss IA The different States be request
ed 70 draw up similar petitions for presentation
70 Congress, thrsugh the agency Of the represent
alive Of the National Labor union
The report was adopted
RESOLUTION ApDxEssEn TO CONGRESS-.
Mr. Syivis offered for adoption the io!isw- |
ing resolution and preamble:
wHEREAs, The congress Of the Usissd States
have from time to time made appropr; Ations Of
large sums OF money, and grants OF public lands.
for the special benefit Of railroads and other
| monopolieS and for the educa ton and elevation
Of q portion OF The lHborers OF tsle country
therefore, belt
Resolved, That we respectfully petition con
eress at its next sessi.' 70 appropriate SIS
| 900, TO aid in establishing the eight hour system.
cooperation and removal 81 such Of the poor
as wish to 60 to the pubic oman, and for isis
general benefit of laborers without distinction
Of sex, color or locality.
On motion Of Mr.. Hinchciiffe, tie ress,u-
ton was adopted.
A communication IN relation 70 the eslitor-
ship of the National Labor organ was parti-
kally read, and on motion the further reading
tof it was dispensed with, AMI it was laid On
1.-THE table indefinitely
x motiofrto appoint committee Of three
4 on printing was laid on the table.
M. Schlager moved to reO~a der the ac-
ton on the report of the committee on the
! National Labor organ.
Mr.. Sylvis opposed such motion.
Tbs vote being taken, the motion TO re-
c The CoLlmittee on U. ;. Bonds, We.
dCampbell. chairman, presented the follow
: ing report:
e Your Committee to whom was re-
ferred the subject OF taxing Government
n bonds have had the same under considera-
/ ton, and beg leave 90 report that they md
n, question one Of very grave Importance
5 affecting vitality the interest OF the ia0orine
9 classes as well as the perpetuity OF our inst
a buttons. Had your committee the u lity
the time and means ofordsd would not per
y nit the discussion Of this subject as fully n
t. its importance demands. They will there
fore c&l6ne themselves merely to the aspec
lie Of the question as affecting the Iaborinl
classes-with merely a passing reference {
ne the grave con siderat0R Of its political ef
IN fects.
ne Your Committee end that all tn Govern
70 ment bonds issued during the late rebellion
% are. by the laws authorizing their iss9e, ex
" empt from State and Municipal tax, 40
that the only tax imposed on this class
Y property py the National Legislature is BY
iper cent. on the income arising from th
small interests on the bonds While tn
property is equally protected by law, an
l.. Yields to its owners an Income AT least aou
" BILE the average incomes 10 the nations
- wealth by national production, tue tax Id
ie posed on il does not exceed one eighth, an
y probably not over one-tenth OF me amour
paid by the labor ana other property
II the natioa. 1t needs no argument TO pros
~ to any candid mind that this policy WORK
- most injustice to the industrial classes. ~
~ as the magnitude OF the wrong may not
y equally clear to those who have not given Il
" subject their atteation, brief reference
ne the circumstances under which this pole
OF was adopted. and the results OF its pracsic
- workings may hVS " i""fP'oPA
- place.
lis At the commencement of the rebellion II
Oh Governments bonds bearing six per cen
oe and subject ts like taxation with other pro
All erty. we're at premium Of twenty per cen
'tn while the Government dill not realize mui
ror If any over an average Of sixty cents q
no those disposed Of during the war troubl.
me This sixtv cents is now yielding 10
me owner An annual income Of eight dollars al
'ey fifty cents, equal to fourteen per cent. IN 1
Iuc money OF trade on the original cost VI
ang bonds. The State and municipal tax pa
ms by the labor and other property with
~ Indirect taxes paid BY them for the supp,
- Of the National government will average
>A'a' mnch as three per cent THIS rate 90 4
n' thousand million dollars OF the national d.
now bearing interest will Amount 70 sa
millions Of dollars annually, sum equal
~ the entire annual expenditure OF the %
~ ernm mt previous 70 the late war
'nu Your Committee are ~ The opinion "
iii .h;s - ',.--~assarv l.orden imposed ;oa
las Dor fur the benefit II capital, aud wtstev
~ necessity may have at the time existed
-, the adoption Of the species Of unjust Al
'he dangerous class legislation, there u certain
none for it's continuance IL Is difficult
" resist the conclusion shas bad tine caPitaii
~ responded as cheerfully to the support Of i
- Government IN its hour Of trial A. the labcri
's, classes did, no necessity could have aris
'@s for disposing of the Government seeurili
81 below par, or for departing from the ju
.ue principle Of distributing the burdens nj
~ benefits Of the Government cquiiably "a
'e, classes and Interests. The capitalists haviI
'eu secured these exusordinary privileges nc
seek, in order to perpetuate them,
-, nm create the impression thar II would be VI
~ lation Of public faith to subject This ciass
-, property to its equitable share OF the b.
NJ, dens Of the Government, notwithsiandlI
an there 10 nothing 10 the Law authorizing 1
of the issue OF their bonds to prevent Congre
eat from taxing them equally with other pro
,ch erty. For this we have the highest authorif
lch for Chief Justice Chase says In o letter
Dor Governor Smyth, under year and hi
ago:
81 ~ was particularly pleased with your pr
he test against :be rev scheme OF perpetn
and untaxed debt You may well imag iI
rec that after all my labors, and with so gre
IN success, to establish the controllability
re the public debt by making it payable, Il
pr six per cent. at any time after five and wit
~ ". in twenty years, and the five per cent.
u. any time alter ten and within forty years,
:" was very painful to me 70 see propositic
;ar for loan nos refundable at all till aft
the thirty years.
md II can understand an argument for n
a. taxing debt which the creator may take |
after Eve or ten years, for can see that q
country may save more in interest than
will lose in taxes but cannot imagine I
Iu- honest argument for debt for thirty yea
and exempt from bearing burdens TO Viii,
bot other property may be subject.
~ 81 got money and all that was needed
re- the worst time on short and controllab
loans, su5sct 10 national TAXATION. Sure
Dbl Ahkra n nn rana0n nnu IN dnrnrf frnnn "A