The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1868-10-10
men sransls q taking q sss.s.s 4 |. /.

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drug.
NJ. Finehsr-The fact that sm eampsll-
cd TO defend alene this side of the Question
shows whata large amount or igncrance th.rs
10 here in regard 60 financial matters Gsntle-
men talk Of our ships being driven frOm ths
seas 10 consequence OF monetary pressure.
There seems 20 be very little allowances made
for the fact that We Just got through . great
war--a struggle to save the life Of this M
ton. There never was people Who cnme
oct Of such q struggle among whom NO lac
tie real suffering has been felt az among us-
We SEQ workingmen striking for shorter
hour. Why, that fact alone shoEs that wr
ar fist reeuperating from the effects Of Ia
war
Mr.. Clarke-The gentleman talks about
inaating the currency. But what does the
5oDdnolder do when he wants to convert his
money into currency He throws the bonds
on the market and gets specie instead. WY
Well, be must do something with his mon
4 ey. III puts it into the banks which return
! him proper rate OF interest, because be
can't make il remunerative in business. 50
Il goes right back to the government again
AMI then what becomes OF your imitation
! All this talk about imitation is nothing but a
myth. IL gives the people, the whole Peo-
pie, power 70 rule this question Of the cur
rency. One gentleman saws that gold always
has been, and always will be, the measure
of value. Well, some people saw that Kings
rule ov divine right-which | deny. | cay
the objection TO a gold currency Is that Il
limits production. Look about you and in-
quire who u IL that wants TO MAINTAIN their
gold currency. The merchants cling TO it !;
The bankers cling to iE the politicians cling
Z IN AZ ali L. -.
not what tley want. Bat | believe IL -
what every laboring man wants. H. stands
up for his rights, as against the capitalists.
The gentleman says We have gone through
the war better tban any other nation could
have done Well, what enabled Us 20 get
through the war! Why, the greeuback-
And We could have gone On for twenty year.
longer, If 1t lad been necessary, UPON the
greenback e4sis. LIE, u-, thea, say, - on
and fulfill this perfect " real legal none.
Let these gDld-worshippers step aside, AM
let the people aid 10 this great work.
Mr.. MeGUire said the politicians pretend
ed that they understood great deal about
these SnaEciAl questions, but he diI TOT be-
lieye they understood It a. well as the work
Ingmen. | Will give you some facts by MICH
you may understand the working of tbe iron
trade. How il ii that our builders Of rail
roads have To 60 to England to get iron
rails, and buy them there BY thousands Of
tons, TO lay a railroad ii Missouri, when at
, the same time We baya such mountains Of
iron ore lying near the place where It j.
built. In Eagland it costs the labor Of ten
men % produce one ton Of ir0n in a day.
, Ia Missouri Il costs the labor Of eight men
70 produce a ton Of iron in one day and
the iron IL az better quality. Well, Why
DOME they proiuse it Here is Mr. McCar-
~ makes up his mind TO 70 into the iron
business, AMI De brings thirty or forty ftmi-
7 lies down 70 Missouri, and determines u
SINK $4,000 ia the business. When be il
about ~ set % work, the capitalists says
W nat are you going TO sink all this money
, IN such ness for - He replies :. Be
: cause can get 10 per cent. on my capital
Then they tell bin that he will have a great
, deal Of labor and trouble TO carry on the
! enterprise whereas, if be likes, be can ger
7 20 per cent. for bis money with no risk and
) DO trouble at all. 50 they persuade Mr.. Ne
! Garth. 80 invest half of it ia bonds which
bring him ID Is, 400. and The other half ia 4
u national bank which brings in 81, 900 more
Bat be says, :" What am 70 DO with al
D those people that have brought out hsre Il
: give employment to m They reply. . Lei
) them look 90 that themselves. They will *
: somehow. They will do very we'll Let tht
: women sell their virtue" These are facts
e that am giving you. and then men ge
2 up and say they have no patience with th0st
: who find fault. Those men 10 England max
< iron for W, while We could make better iron
tLan they, If Il were nOt for the high rates
OF interest that money will fetch here Til:
money should lind It's way into business ant
: employment. Yet, when you q to talk &
J politicians about these Shlngs and reques
them 70 alter it, they promise you a g0ol
/ deal they promise 10 10 everything for you
1 never knew politician bat would prOmis,
4 everything you would ask hin. But do the,
= DO itt NJ SO | would say to each man II
the congress here, do you, when a man come,
= TO you about getting your vote, say 70 him
i Here ia tue bil. which the workingmeI
= have passed 10 mass meeting. You are u
be our servants, not our masters. d. yOI
{ comprehend IL, and will you vote for itg
Y you will g0u Gao have our vote. Ii Rot W,
I cannot" Ibis monetary system mast 3,
e established, and II you are determined Il
have this thing put tbrCug that this ma
2 tioo can make IIs owa money, you can 40 50
a " This nation shall SETTLE It's own AFFAIRS
d that is what MIR Adams told the Englist
% Government. NJ other nation can max,
0 that speech.
Y Mr.. Fincher-l am quite sure that II tbi,
: theory Of converting money into boads anC
. bonds into money were carried out it would
i have very disastrous result upon the eoun.
. try. IL il very likely that some system oil
$ eonvertibility will be tried an experiment
Q but il is not wise to commit ourselves with.
" OUT reservation to such a theory.
Q The discussion was continued by Messrs
i CLARK, Hlne, and otneIs, when Mr.. LIE Barnl
4 moved, as a substitute u the motion OF Mr.
n FIncner, to strike OUT Of the report all thai
= relates to the issue and convert:bliity u
y bonds, and to insert after the words " rrea
sury notes made legal tender" &C., the
2 following : to be issued In such prOpe
4 proportion to the whole property VI IN,
y country as will furnish a currency which
q shall be adequate 10 the business Of ID,
n country, and sufficiently abundant to reduc,
4 interest to nominal rates" lie thought tina
70 the conyvrlibility feature in the committed
; report might BE- a dangerous experiment
q and he was not Ia favor Ut committing th,
}, Congress TO it's endorsement. lie said tn,
= main question was between an abundan
;. currency which workngmen wanted ami 10
. sufficient currency which capitalists an(
p spectators wanted De was Ia favor Of al
= expression Of opinion on that point, rathe
: than of going into discussion upon mat
y tiers Of detail. N.
AFTERNOON SESSION.
o The Co mmittee on ways and Means wsr,
: allowed to present their report out Of th,
d regular order Of business, because some del
o egates were obliged to leave during the AZ
Is ternoon. The following Is their report
The Committee on Ways and Means, OF
investigation, find that the present and &C
Il cruing obligations Of the National UnioI
: viii require special effort at this session fl
! their liquidation. At the same time the,
4 are glad to say that the constitutions
\ amendments assessments are promptly pais