The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1870-08-27


Mr.. aCofin claimed that rs he had
offered he substitute as an amendment
laying on the table carried with it
the oril final, and that it could not in
conseqI ence be taken up again.
The Chair finally decided that Mr..
CofinI point of order was not well
taken, and that the question properly
recurr4 d on the original resolution. The
resolu9 ION was then adopted by an
overwl elming majority. The announce
ment If the result of the vote was
greetet with great applause.
Mr.. Peters, of Washington, thought
the enhncistion of the idea that inter-
est was the governing power, DC, an
absur4ity, and on that would be picked
to ices by the newspapers of the
county, and by every sensible man
who hi I'D given the subject any thought.
We n!sn INST look deeper for the causes of
troubl that aflicts the laboring classes,
and vi b would probably find that the
troubl was chiefly due to the system
of Ian monopoly.
Mr.. Peters, in conclusion, spoke of
the Inconsistency of the last Congress
in giving the North Pacific Railroad
immease grants of lands which en-
nabled that corporation to place their
bonds in the markets of Europe, and
by offering higher rates Of interest
compete with the bonds of the United
Stated
Mi Cogswell, of Illinois, warmly ad-
voca bd the adoption of the resolution,
claim Ing that the statistics of the Uni
ted ;tates proved the assertion con.
taineA in the resolution that the rate Of
INTEREST governed the distribution of
wealth.
D4ring this discussion the Congress
adjo1 rned to two o'clock P. NJ.
AFTERNOON SESSION.
TIE Congress met at two o'clock,
Mr.. kuhm, Vice President,in the chair.
I'll . resolutions of Mr. Cummings,
of NJ Massachusetts,, relative to the for
matt IN of political party, were taken
MI. Collins, of Cincinnati, was op-
poseh to the formation of official
party by this Congress. This Congress
properly had nothing to do with poll
tics. If gentlemen wished to form a
Labor Reform Party, 1et them do it in
depRndently of this Congress, Of the
repI esentatives of the Trades Unions,
and after we have adjourned. Such a
mo- cement would introduce a disturb
iagklement in the ranks Of the labor
he consideration of the report on
Pld form was resumed.
Nr. Nelson, of Missouri, offered the
following as substitute for the second
resolution reported by the Committee /:
ResOlUsd, That a suficiency of the money
ton n, the representation Of wealth to every
AID srican citizen, supplied on the security
Of is wealth by his agent, the Government,
wi bout the interposition Of middle men
cated banks, at the cost merely Of the issue
of the money token, is the only doctrine
that can save labor forever from the abstrac
tiA of its earnings by the usurious prac'
it'd Of capital.
nThe substitute was voted down, and
the original resolution adopted.
THE third resolution was then taker
uH. Mr.. Wear, of Pennsylvania
tHbught the resolution should not bt
ri shed through without deliberate dib
c8ssion. He very much doubted the
truth of the proposition contained In
the resolution.
Mr.. Trevellick made speech in sup
pkrt of the resolution, arguing the IN
cknstitutionality of the National bank
i4g system.
| | Mr.. Coffin, of Washington, denied
the allegation of the resolutions tina
tie acts establishing the National banks
@ere unconstitutional.
He was not prepared to say that thu
Rational banking system was beneh
dial to the laboring classes, but if WI
wish to do away with the system WI
hust approach it in a sensible manner
The adoption of this resolution woule
Arive from our ranks thousands o
korkingmen in Massachusetts, and othel
horizons OF theaEastern States.
. Mrs. Lane, of Boston, denied the al
legations of Mr.. Coffin, and stated ths1
Abe very resolution which he had de
bounced was the one which the work
fngmen of Massachusetts heartily en-
lOrsed.
After prolonged discussion the third
Resolution was almost unanimously
adopted.
X The fourth resolution was read and
Its adoption moved by Mr.. Field.
Mr.. Curtis, of California, moved tO
amend by placing the words after
l"public and private" Except impos'
k1uties."
Mr.. Serge said that he should vote
against the resolution, because he
thought that it was not directed radi
cally against capital.
Mr.. Magwire moved to amend by
striking out after the words "lawful
money of the United States"
Mr.. Collins, of Cincinnati, offered the
1 following substitute: .,. N n.
Resolved, That to provide true National
currency adapted to the genius Of our insti-
tutions and the wants of the business Of the
country, the circulating notes Of the National
banks and the present greenbacks should be
withdrawn, and notes issued on gold basis
by the United States Government made
payable on demand. -.
Pending further action the session
adjourned. ri en-
FIFTH DAYS PROCEEDINGS.
MORNING SESSION.