The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-12-06
THE LATEST LABOR NEWS.

Important Labor Meeting in Washing
ton-Ideas on the Currency.
II is announced that following the Labor
Convention OF Colored Men, to meet in Washing
ton to-day, the Advisory Board Of the Executive
Committee OF the National Labor Union will come
to Washington on the Sd % January, and remain
during the session Of Congress, with the view OF
influencing legislation upon financial questions.
II will be remembered that the National Labor
Congress which assembled In Philadelphia last
summer, adopted resolutions In favor OF paper
monetary system and free banking. 1t Is under
stood that their views were embodied, TO great
extent in the bill introduced by the Hon. A. j..
Kuykendall, but have since been elaborated, and
many details will be added to said bill
to secure the more efficient working OF their sys-
TEN. The committee having THIS measure IN
charye are enthusiastic in its support, and claim
that large majority Of the people of the West Is
with them. They claim that 1t only needs discus
sion to succeed 1t is held that the central idea
| In our present monetary system IS that 1t gives
Congress the power to control the rate of interest
on the national bonds, and by this means to regu-
late in all business transactions, and this is the
| only way that the value OF money can nc reSC-
lated. Tie law declaring that 2SA grains goid
| shall be dollar does not regulate the loanaDe
! value of money; 1t only fixes the value or gold.
The rate Of interest, it is claimed, determines the
value Of money and gives 1t the power 10 accu-
mrate property or the products or labor.
The Workingmen's Union favors the payment
OF the fvetwenty bonds in grcenbacks, ac-
cordng to the terms Of the original contract, and
1 would have greenbacks substituted for the ma
tional bank currency. Instead of funding the
| debt according to the terms OF the Sherman bill,
| they would substitute General Buffers converts
| BILE bonds at low interest, which, it Is assumed
would forever obTiate scarcity or money. Ill
support OF these views the forces OF the new ''Ui
movement will be marshaled, and they are a..
ready very powerful
l. abor News in Brief.
Berlin has Woman's Labor Congress in session
| this week. A.,
A meeting OF the officers and members OF the
| different trades organizations OF New York was
| held on Thursday evening, and TOOK action ID
| favor Of cooperation.
have introduced new feature into their associa
| ton, to provide members and their fau!lies with
medical aid, and in case OF death sum OF $50 tC
| be paid to the members representatives.
During the thirteen working days ending
| on the 30th ult., the Castle Garden Labor En-
! change found employment for 635 males and Il:
| females at wages averaging Sl2 so month fol
| the former, and SO so for the later. There were
| 1920 applicants for work, or lj5 In excess Of the
| total humber Of orders received from employers
| The report of the Second Union Cooperative
| Building Society of New York states that the i'll
| come for the past twelve months amounted tt
| S27, ,o64 OF which sum s22,40o had been advanced
| to eleven members for building purposes, and
| S344O had been returned 10 Withdrawing mem
| hers. The balance In the treasury Is SOIL. THIS
| would give $3.50 as the incidental expenses of tht
| society. This amount seems high, and all build
! ing societies should carefully avoid petty ex
| penses, since they reduce the savings to an al
| most incredible degree.