The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1868-10-10

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Fircber au1 wa-s Authsuv
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Mr.. ,. Y. 4. Wbaiey--r hs 4ae-ll wv So
before q. u not, Is thr rrntamnn aars IA ia,
an unessentiAi one Nv Anw m~An.. NNA
mere matter NJ isiaa W pials 50 aeystans
" the arch but X n ths kry-t0ne thN
forms the arch. Il IS b. means Of making
bonds convertible into money and money
into bonds, &C the will Of the holder, that
We hope 70 keep down the system Of inaA-
ton When there 10 too much money IN
the market, it will 20 to she Government,
and be converted into bonds. The holders
Of these bonds, finding they can get larger
percentage for their bonds by converting
I'll. sra. -
commercial enterprises, will do 80. THIS A.
the key 70 fhe whole question. I hope you
will all vote either 90 indefinitely poEponr
I the report. lay IL on the table, Or vote ~.
the platform a. reported b. the com Bittees
N " you DO she latter, YOU will only be re-
alhrm.ng the propositions laid down a year
az at chicago proposition that have not
proved very disastrous Your acrIOu will
only keep the question for discussion before
The country for another year. You can re-
trOce1e irOn your position year hence i
you think best. There are three lr four
men before The country seeking election 70
Congress on the prInci Piles Of this platform
II YOU reject the platform you will injlre
4 their cause
The Presiient-Of All the questions that
are before the American people TO-DAY,
there are none 80 important AZ this financial
question. | am opposed Angling one
solitary word in the platform presented
here TO-DAY. The question seems 70 be con-
centrated In that part Of the platform look
ing towards converting bonds into money
and money into bonds. | do not indorse
our present greenback currency Ii ~ not
money-it is only promise to pay. Toe
beauty Of the clause proposed to be strucS
out is, that If it once becomes the Law OF Ihe
land, il knocks the props from every banker
and broker ia America. IL xIlls them dead.
IL lavors the people. We never can DC
free people till We get rid Of this money
power. The gentleman upon Tie right, who
proposes to strike out this clause, sees ~
the plan we are eude lvoring TO carry out
monster With two horns, expansion and con
traction, and be fears that the bankers will
, seize hold Of one or Of tbs other Of the horns
and destroy the people. | DO not belicvs
e.; because It Will kali the BANKERS entirely.
Under our present monetary system All the
people who are borrowers must borrow
money from bankers or brokers-money
shavers. The people or the United States
! are divided into two ciasses-the sksnnera
and the skinned-the borrowers being tle
, sk nned, and the bankers the skinner
, Now, under the new system pro-
posed we will borrow mOley from the Gov
. ernnent of the United States, not from
bankers; and we will get II at | Or ~ p5-
cent. A bank in any shape is q licensed
, swinile; and the greatest swindle ever im-
posed upon our people is cur present na-
Jonal banking system. the new system WEI
. propose is well entitled the American sys-
, TEN. One gentleman wants to knoE ii lur
money viii be taken in England. d0 nlr
care whether il is or not, as long a. a N
| good in my country. Au0 ther gentlema W
says We have got too much money. have
not got too much. Has any gentleman ou
!, tie floor? We have not got nearly enough
money, and what little we have u gebbisl
!, up by few rich men in New York ana else
where. In Pennsylvania and .nrnlghJIt
/, the world there il nos enough money t0r tll
pnr foses Of business, and IN the South th-re
IL -one AZ all The rate " interest We ars
{ pay ng, and always have paid 10 this coan-
try, j. the milestone around the neck 0f thc
/, people. For the last seven years the IA
, tural increase in the wealth d this nation
mas not been above three per cent while
the rate Of interest ON money A. fully tiJada
|, that il, fit were possible taking twelve
per cent. more thal there is. Of course
! they canlOt do that, but they mortgage Our
labor in the future; and 80 every ten years
the machine breaks down. The tabor 1f
, the country cannot stand il, and w become
! q nation Of individual repuiiatirs fam PCT
fecty satisfied that this new financial sys-
TEN Is the only salvation ior the working
class, to whicn | belong and therefore
am 50 earnest about IL.
Mr.. TroUp moved the previous question.
Mr.. L. Barnes asked tor the puvlege Of
/, withdrawlng his an sndment, which was
granted.
Tne call for the previous question wa
! sustained The main question, namely, thv
adoption OF the report, as presented b the
Committee, was then put to the Congress,
: and carried by a nearly unanimous vote
only two answering nay.
! RESOLUTIONS.
. Mrs. Macdonald we this morning
{ wiped Gus the portion Of the platform refer
I ring 70 strikes We left the Bricklayers pow
) erless. There Is not one word 10 that int-
form upon strikes. nope tins COngress
. will allow me 10 say every word upon IN
: resolution am about 70 present, except Tn
/ word "I." The speaker then presented
: The following resolution:
! Resolved, That this Congress recognize III ts
D platform the right Of the Rorkingnen AID sO-k
: ingwomen Of this nation To strike, when MN
Obncr just anu e4ultaDie couCcs>iOuo aie tTlAs w.
Adopted and ordered to be aided 10 the
platform.
MISCELLANEOUS BUSINESS.
! The President announced that 4 large
number VI resolutions were upon the table,
which II would now be in order TO take up.
Tie Secretary read the following, pre-
! scented BY Mr.. Donoghue Resolved, That
the President, in conjunction with the Ex-
! scutlve Committee, be required 20 draft a
: form Of apprentice iaw to be sent TO the diff
' ferent Unlons for their adoption and APP
/ Proyal with view 70 its adoption by the
/ different State Legislatures" Adopted.