The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1868-03-07

NosS 40 Fsea. asa not % bs pussssAsa HHfd
tee gear u sr Lard lsos.
oEAr. VA. lseo 70 ls70 THs GEs4s LAsoR Re-
voLUrios- PARr sEcoED-FISLSosAG.
Before examining the Financial or Econo-
mscsl aspect or this great event, it is ne
cessary % glance at the Land System Of that
period. for II was upon that it w.s erecteu.
II wall be remembered shat it was not un-
til the year 1875, OF four years after the con-
summation OF the Great Labor Revolution,
that the present Land System was estab-
lished. Previous to that period, the prime
gifts Of Gods VIE the lands, the mines, ths
oil wells, and the water courses, were impi-
ously made the subjects Of bargain and sale
The Governments Of the United States, not
content with selling lands witch it did not
rlghtfuny own, tfor they belonged 10 Ii .
rd0ple,j absolutely gave away millions OF
acres to distant, and 10 many cases, foreign
spectators, thus alternating the property It
was its duty 20 protect.
The land, &c, thus appraised at money
value, formed the basis OF the enormous IL
sues Of the money Of hat period. Each
new Good Of paper ''orders to live without
| labor" was thus absorbed mainly BY the
lasd. TIE assessed value Of the property
Of the nation in 1850, amounted to sixteen
billions Of dollars ten years after, ia spite
Of the enormous destruction ofproperty caus-
ed BY tire War Of the Rebellion, that amount
was more than doubled. There was not
| probably 50 much real wealth in the country
! as there was previous % the war, bot the
property vas assessed higher in consequence
% the dsprecistion u the currency. m
.ho hn A. r.
uatSon's wealth had increased, was, that the
money was worth less
Fearful were the effects or thus placing a
money val0s on the gifts Of the Almighty
Inc cost of food, clothing and shelter was
douhi-d, while the laborer was made the
victim Of the money holder. Many of the
richest mines in the couatry we're held nv
parties In the eastern CITIES who had never
seen them, and these absorbed the profits
resulting trOn them, leavirg those who
worked them al best but a bare subsistence
Masses on producers were left the Drey N
petty trsfficke-s in the cities and Villages
throughout the country, Who n turn wera
periodically ruinsi by pznics created ~ the
banks. An invidiouS lax, granting pasvrr
70 great money boilers TO form Nationnl
Banks was yAsse1 ~ Congress-. by wlich
their moasy was nearly doubled. while thoae
~ho pcssessst isssar aruoInts y N.t.orni
>rcaralaas ~sru NO. aided IN prOp0rtiouAta
ratio. Croel ] scr n.rai.ons ssre made tn
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