The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1867-08-03

80 ~ 1T 7I. g :. S&
" bearing egid&1. s n u t11l11lss q c9
Isssssisss sia & ses ssssy ,s I'M
money Of the Matted s3easss - thi.s 90. o. q
giro In exckause thsfcfof fks 11,rcstb eSrtsr
bonds Of sb4 Bnilad Esates suthsixrd d n
Issued By tisis act, as the holder 81 such boads
" osherspi&rest bearing esidcncs d indebted.
meas Of the United States may elect,
Sxc.t az And be Il farsher enacted, That
fsomssnH After the passage nf this ncs there
shali ID levied and eollee6aaa =. yearly tax Of
affy per centam, PAYABLE Substantially, upon
the incomes arising from tne interest on all the
bbgss Of the United Statea exempted BY Law
som State and municlpal tax. and !. shall be
sawtul for the Board Of Management Of the Cur
Frenzy and Reyenue, and il 10 hereby made their
| duty to collect the tax hereby levied by de-
iucting it from the semiannual interest on snch
| bonds coupons belonging TO any snch bonds
shen the saiae shall be presented for payment
| Il will be seen that this plan recognizes
| he capacity OF the people for self govern
I aert, and proposes the dismissal Of their
| dishonest and corrupt guardians, VIII, un-
Ter the present and all former monetary
systems and financial schemes have p,under
d and despoiled the wealth prod,.eing
classes Of the products Of their labor. Il
4 gives each individual the privilege Of choos-
ing for himself whether he viii keep his
msaas in Government bonds OF employ them
otherwise. Under this plan the people can
nave nie hundred or twenty five hundred
miiliots Of dollars Of money Just as they
choose. VIII the Tribune inform it's readers
wherein tn $ plan approaches repudation,"
or threatens the stability of the Government
Secretary McCulloch, il we understand
his policy, is Sc, king speedy restoration Of
specie payments by an increase OF the gold
in bis possession and the retirement Of q
corresponding amount Treasury notes
lie also proposes to fund the Treasury notes
ia intar9st-bearing boz Is and ths rely d.
ninish their value. We think his scheme,
as a whole, is one Of doubtful, prop-isty, bat
as Congress has a troll over the subject and
as the whole question ponds upon or
cumStanees which vary il character FROM
lay to day, we thu the matter may be
safely left where il 8 for the p esent.'
1t il unfortnH ate for the Tribune to refer
to Secretary MeColloch's policy; it should
be frank and say the "bal ksrs' and usurers'
poliey,n for the Secretary Is but their agent,
aud that paper knows their policy will be
the one that will lay the heayICss burdens
on the tx payers for the benefit of the
"Christian bankers and usurers" The 7ri-
bune il in favor Of the wiihdrawal Of the le-
gal feeders. ''the peoples o iey," and the
substitution Of the "greybacks' issued by
BY the | 900 snoddy banks; the exemption
III tie millionaire's bends from taxes, and
the imposition of all the burdens Of toe gov
eminent on the laboring classes also, oil
tine iSbsFiBg- classes producing more, and
eating and wearing lsss- Are the harpers
reien;ing and going back. on these policies,
Or % they propose some policy still more
wicked, the adoption Of which, even thc
Tiibane "thfaks Of doubtful propriesyy.'
That paper asks that the whole financial
question be left with Congress might il
not lust as well a K thai it lie left with the
Boston meabsr Of the Committee OF WAYS
and Means and jay Cook h Co., Of New
\ ork, for they have had more to do with the
iuaacial legislation than the balance Of
Congress. Besides the people believe that q
very large majority Of the members Of Con
sress are interested in these banking insti-
tons.
Can the Tri5Ene name respectable mi
nority of that body who are NOT?
Until the New National Political Party
dey elopes its policy little more clearly
than Is done in the declaration we have
given, we can form no idea os its Ieai pur.
pose. IN The meantime, however, we SUI.
gest tc the gentlemen engaged In II, taat !,
pudintion turks in all the demagogical ap.
pcals to reduce the debt by c1nfoing it ex.
elusively to the form of currency"
The policy of the bankers and usnrer,
wa 3h the Tribune 80 zealousiy advocates, /.
sufficiently developed to enable the tax paw.
! crs 70 form a clear idea Of their pnrpose
which is to compel the laboring classes L
; work more hours and subsist upon less and
, coarser food, and wear less and coarser fab
ries-a system Of practical slavery under th,
, gtise of nominal freedom The presen
| M notary and reyel1c systems, and the fnan
| cfal policy Of the govein ment empowers th
oue-tsentieth. 81 tn population to rob CHI
, other nine'@en tWentietbs Of all the surnlu
j I products If heir labor and talents. Their
is lurking in eyels precision of these law,
the spirit Of slavery, the fallacious argu
neDts and t''demag gi'al upqeals" Of ID,
: ffib2Re, and papers OF ike Xix, In 'beir IA
sor ngtwithsa ndiag for any system tia
takes from chs c'asg be fruits # tbeir Iabol
and laleuts aad gives them - another, With
cut equivalanf, is practical slavery no mat
Ter what ii is called.
| While do not thl1k il wouli be wise &
sony crt all tn, cove mant debt into curren
J ~ al - ] viii taSt the liberty 81 suggest
g ing 70 the I'sbpas whether "Fepudiat.or
D turks any NOR il that Z ..n than n the 20.
: hey CT exempu7g from ,axation the govern
men, onds, httrns kruptiug rates Of
interest, and the twenty-five per int bauk
e mere Is no hobe that The Iii5une, or AM
] oI inc Leading newspapers interested in th'
: nstlohai banking system and devoted to th'
: aoVoSacy q our Psesent iniqaitous fnsneia
poIey, VIII meet HI. question fairly MOI
lave 'ne peoPie anA hing 10 expect from thi
Proiesslonai Poiiticians in ths same interest
tn or odt ~ congress. or Of any party. Ar
1 old Provsrb SAYS eve hate tbnse uiop, 4,
! ave wronsed." Ihese parties have bound
J leavy burdens or Ora backs If ~ indns.rta
classes and they vii reek by every eant
ions. The people viii look 10 them ID val,
Tor a redress Of their grievances.
All great sooia' and poli,ic4! rafu rms to b.
plinane mus begin with ami Be consum.
mated by the peo lie The wrongs ard O.
pressiona That thc wealth producing class.
re nov, and ave lean suffering, arr The r.
suit oil ungise a1l unjust legislation ln .ne
interest Of non-pTod cing capital, a1a ths
remedy must be legislative. u is n w tx
The America pcOp'e, whose government is
! ounded o. the pr n iples Of 60 Illity an
freedom, Z 3 establish TIE rights u labor.
Thieh ~ Tue past have been disregard. q ex.
! D1ps as TINY ulnistGred 10 the extray l.anra
'Id luxury Of a privilege class-by tie
ea.,-ctinent q such Wiss zha ir,t Ia KS a. Wi
ele't the quiiobie siis.i .iiutson NJ t-.p n-,-
-1e's OF 'Ibor b,tKcen nan prodacng cspi-
H. ~'d la0nr Tais the Industrial tIasse .
Ai'u I. oper y s.1izltioa, I-ve tho poxer 10