The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1867-10-12

"@a-urer,0' hincheiine, Believlhe, H., the
AMOUNT due from their organization.
&c. Z. WHALEY,
h PresideRt N. L. IT,
OUR DEBT, OUR BANKS AND ORR
MONEY.
Nc subject Of more practical Importance
than that indicated by our heading, can en-
gage the attention Of our people. The dsbt
of our nation has grown beyond nil pre-, e.
dent, and, indeed beyond the conception OF
many readers. Our taxes, including tao
tariff, are oppressive and must, unless tie
financial policy be soon changed, becof Ne
more so. Even this fails to reduce the de II.
The Treasurer Of cur nation has At last m
coded what the ADVOCATE and its frit nds
have long known. that the people can pay the
enormous expenses of our most extravacant
government. The high salaries Of mill airy
and civil officers, with our endless trib, Of
tax Gatherera all over the lapd, and an in err
est on the public debt, which, as vt constant
y accumnlates, must finally crush he
strongest people. Daring The month Of S, D.
tembcr not dollar OF the principal was paid.
y lost the enemies Of our be-tcr plan, be ng
judge, their plan, which we OPPOSE, irs
failed We have come 70 a dead loek-tl
hopeless stand-stiil. But ittle good sense
u needed 10 perceive that very sen, we must
60 back, 0r rather brgin u sip4 nrder this
heavy ioad. n iyLing a great stone up
bill, when tbe strength OF the Ia iorers be-
comes too much exhausted TO get any Eur.
tier, Il soon gins, from it, own weight. to
reccde. Once ,he faded team. stalls n their
y 'ry way, some change must be made,
eslher y. The Had, the driver, or the road
if any reasonable hope " progress is to be
INDUCED. Saoald tie only change be, a
constant accumulation * the weight, Il we're
worse tnan folly to expect any further adj
vance. Nov stubborn facts prove our con-
diuon 70 b Ike the one stated. For two 81
three years We have taiied along hard. road
under financial burdens constantly growing
heavier all things considered. The drivers
have tried to encourage us by ASSURANCES
that the Dad was tightening Al last, how
ever, We come TO dead stand-stll, ard one
Of lbe great Republican leaders, Morton of
Indians, SAYS that we had better even not
Try Il 60 any further for Ten or ts.atsen wears.
correspondent, Mr.. Marsh, showed
last week that this delay must blast the
hopes Of all poor Iabcrers. Hence patriots
and philanthopists must earnestly seek
remedy for the disaster upon Us. To 20 on
as the financial department Of the govern
ment has been going for TWO years past. is
simply to give up the ship and sink down in
despair. tFa
There can. be no QUESTION that our thirty
millions o. people are able to pay the debt,
srornGas is ii Is, II Nisi0r, and econoa.-
observed. is no less certain thai the,
ea;Fash aace % our past coatse
Will never pay it. Therefore, those who op
pose reform, are ether knowingly Or isno-
rantiy for ruin and liquidation.
Another fact must be obvious to al! VINO
think on this subject. The interest on the
two and half billions Of public s,bt and
On all the private debts Of the isas
certain to crush as, As the man is e,n.sio 10
iali whose income is constantly less iban h;.
expenses. But fifteen or twenty mimi. "
eyphering viii demonstrate 70 IL dulles,
mind, that our products fail below the in
terest 90 thess debts. Enb.rrassu eat
onkruptcy-repuaation, AMI sull verse.
aris'ocr arc oppressiop, must eusue. Our
hnatciai system, VITA US enormous rates or
terest, is aceumulatins most fearful,v. die
wealth of the nation into the hands of the
few, mt the expense Of the many. Over. |
grown wealth and squalid poverty, viii soon
be the characteristics 81 our wretched ec.,r-
try. The middle class will constantly wa,
away. Que here and there, by desperate ef. |
tort may climb to the monied aristocracv
while by hundreds aal thousands they NAV |
be seen descending the broad wav to inais
gence. II is SO al Yer E..rope under thai !
public debts and standing armies. ami bow
can it-oe otherwise heref Iadeed, as we
have said, il is 50, and every day getting
more 50, even now at'our own doors.
a change then must be had, or despair
suffered. What ought that change to bssl
we answer, on to seTss system chat will nav
the debt 10 the shortest time, reduce. the 4
rate q the interest and our oppressive taxess +
That a return to geld and silver can accom-
plisb either one Of these results. WI. rsue rad
IS out of the question. Even II could Be- no
means Of effscting either, there is :.
enough in the world to pgy OR puti,e debt.
There never has been. aaisore gigantic Ae,,ss,
sionsiu the commercial " III a tflatl that
precious metals must b. used for. money sasy /
Next 70 this il the prePosserpps idea Of Con. |
gress employing Banks oil ever the iaaa atI
ruinons rates 10 make money for tue people.
The -5astftutiou has giyer Congress no such |
power. Il might just as well incorporate T
companies to makes laws forshsm atsfen psr4
'eHt. infsrest.s The money MAKING towsf h /
u itsslfssss ereien ana csnD6t BE delegated.
Z IT eoafd-whxt aonsanmais oily q .p vsi