The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1869-08-21
WHERE WE ARE DK1.r1xC

NniLf se slaVery-the pauperiz ltion and utte
degrIdation Of laboT-a more happy comb
natica Of machinery for these several pu
poses coul J not well be devised. We expe,
as diminishing stroke, the coup detat Of Ii
present. party, will be procuring a patent fl
this Branch Of administration policy. NJ
thinE less will be sufficient to preserve in
nttlfg form the type of barbarlsm and {
Of dtspotsm which is thus rapidly being en-
grated into the national economy. The Ike
nota OF tie present administration is III
legaszation Of gold contracts, or virtual
egi4latIng out Of the people one hundr
dollars, with six PEI cent. gold interest 70
every forty dollars furnished by the capital
lists. This kind Of legislation has a gol
bas1 and specie-re:urnlng in it, with
ven Rance, and is only rqualled ~ enorrait
bJ furnishing to capitalists the cash mean
to b5iild the Pacific Railway at cnormou
profits, in the shape Of deprecated gold
beai ing and gold principal psy ing bonds
cha eed over to the people, AMI re-duplicatet
by enormous donations Of public lands
Thi neutrality-suspicious. corporate pro
gent is to snpplant farmers and mechanics
andythe lgnoble progeny Of land toilers. The
administration of Andrew johnson has beer
Denounced by the Republican press as being
corf bpt and as infamous as could well be
desh ed but we think the present aGmins.
tra' on will have an eternity OF fame il that
dir'Etion which will so far exceed tina: Of
bhson's, that his administIati will be
kncfn in comparison with it, as the golden
era { the Republic.
Is true, however, that while johnson
saw some Of the iniquity there was in max
ing BY arbitrary legal enactment, a denOmi-
natYnal dollar CT forty cents value worth
hum red cents, he cid not clearly see the
remtdy' Hence his quasi reputation
scheme. But whether or not Johnson may
haVs seen, his prime ministers, McCulIoch,
Wells, Jay, Cook, &C., saw only more clearly
the necessity and the chances for the legal
lzed robbery Of the people, aud that too,
uPf the most improved European kingly
plas. Mr.. McCullOch graced bis action with
lar& e annual quotations from the antiouated
scIence Of political economy, as taught b
hlckrdo and others, teaching that the masses
of ben are entitled to that portion Of their
OVID earnings which will keep them in good
working order, and enable them to promote
theT race, the rest belonging to the superior
soVlrnlng class-men who live solely by
Lhef wits. On the other hand, Mr.. Secre-
AIRY Wells, by the invaluable aid of Mr.
!" kker, published folios Of bis researches in
iheH European financial literature, trying to
NM among that rubbish the specific gravity
Of gold base; and how to make United
oI4 SIX per cent. gold bonds paIatable at
IorE cents discount to London stock jobbers
and gold gamblers. These in:erestil in
quTies were pursued with zeal that was
de,TTYlng the highest praise from the CAPT
Ialt t., 10 whose interests and for whose use
Ih9e important inquiries were conducted.
'h7 masses who paid for these expensive
u1 Orles' were greeted with fifty thousand
avg a;Ltrtrs, ard a plentiful supply OF
nsfstals, and other interesting similar re-.
'e1pe sug9esters-the product of these
eaVned incutatOrs. But now the scene
'hHges-a new administration is on ia.
dHs. IL Commences its reign BY announ-
lng that all the obligations Of the Unitei
''Tes not eJx x Iaf: made g.sble in paper.
L quence OF the rise. But when inteTee
4 money rises to double, the interest
~ double the principal 10 half the tune th
: Isl be PAM 81 gold. How many millions
ZAP made by the gold gamblers and stock
oHbing ouse-donatng- crew, who w,re in
hk secret, doth not appear.
la consultation Of the New York and |
X hdon stock jobbers' report, will show that
Nj. Secretary Boutwell,, in handing ov,r the
ydNernment to their special charge, has so
skgely increased the price Of stocks and Of
cd, until it is apparent that boarded green
b cks AID increased premiums Of gold and
bhnds will very largely increase importations
4 I'd decrease experts. Under this regime eli
IJgilmate business is brought to dead
} knd-stil The gold base and the gold con-
ysrtible currency have lost their charm
The terrible calm which pIecedes an earth
1hake OF tornado in midsummer pervades
Ee community. Labor Is out Of employ
o ent, and business men, With bate1 breath,
aie promenading their spacious business
tAns, with nothing to do, and wondering
HAT relief the harvest will bring.
RThus finance presents a. more than usual
Aoomy prospect. Even reconstruction and
Iegro suffrage have only answered the pur-
POSE of one political campaign. They bring
10 relief to disturbed industries, and endless
s.ax-paying. But suddenly new scheme for
iegenerating the South, and replelshing
he Golfers Of capitalists has Selzed the fruit
| Ill brain Of The politicians. Cheap labor is
how the SINE que non Of American statesman
ship The negro has had his day. The rat
hating celestial is the only salvO for depict
I'D country and depleted purses. Sage
Statesmen, nows-fuInishing journalists, a d
sscedy politicians, are now on pilgrimage
ito the Golden State to catch a glimpse OF
celestial glory. John Chnaman is the long
WISHED for savior which now grcets their
ravishing eyes-but alas increased but
.chespened production bring no abatement OF
the exorbitant demands of capitalists Mel
Their increased imporlations, paid for in gold
bonds, nor those purchased by the secretary
at one dollar and twenty cents, when they
should be redeemed at one hundred cents OF
the dollar, will bring any relief from the
bur.hens which Overwhelm US. LIT them
the working men Of this country-look
this thing fairly in the face. The abolish
ment OF African slavery under these gold
a n rnoan t.nt thn q lava.