The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1871-07-01

mand for cheap labor The imports,;o.
OF Coolies, driving white men ana ~
men out Of employment, and All tboso
who were able 10 leave, out Of the Sta.
showing how the wealth that had hos
produced had been taken away Nv fn
tunate merchants, Insurers, spectators
legislators and even farmers, who n,da
no improvements except 10 enable tbon,
TO stay Willie they impoverished NV
soil, and made their pile, also thai /.
had engendered social corruptioD arS
tostered gambling and speculation
which robbed the people of their MA
lie domain. PuU
The speaker then reverted 10 tho
panic Of 1887, and drew A ricturs N
the ruin and desolation that ensnad
and compared it with the triling avT.
comparatively that attended the manic
OF 1851, averted by the suspension NJ
the banks, and by this example show.
ing the needlcssness OF a specie basis
or OF a currency being redeemable N
any other way or In anything But M
produce Ut the people ~ anv otber
evidence ct wealth they wished "a Al.
pose Of He also showed wbv con;,.I
dId not combine 70 depreciate tbe no,o.
Of the banks AZ that time, as they did
the legal tender notes few yearsIata,.
1t was because, BY the bank system M
the circulating medium continued "
pay interest into the Golfers II canitsI
while the legal tenders paid them NJ
profit, but furnished the people \ med.
um Ut exchange which EXEMPTED them
from taxation, and tribute 10 capital
The Issue d government bonds v,s
revised, showing The losses that had
occurred from depreciation by the trao
sonable combinations Of capital ia Che
day Of the nations peril. Showing al
% how We we're forced 70 pay tribute
70 Europe BY our present financial and
currency systems, and which could be-
entirely avoided By resort TO a sys.
TEN Of currency ike that proposed by
the National Labor Party. The erces,
slve taxation Of the national bank eur.
rency was explained, and the facilities
Il afforded for the combinations of cam.
tai always dangerous 10 industry and
/ liberty
"The legitimate purpose Of ourren-
cy should be To exchange the products
OF labor equitably This can only be
attained by an unlimited supply, and
universal domestic confidence secured
by the circulation Of paper impressed
with the faith of the nation, aud that
it is the duty of government 10 supply.
to absolye industrial men from The
tribute unjustly paid To capital, whose
claim OF vested rights is iustifying
wrong. by Terpe,ulJiHg az the Oppres
sion 1t bal, alFcady caused. The lengthy
remarks vtre concluded BY am appeal u
the labUrirg people not To mistake the
signs of The times, " the Handwriting
was To Le seen ou the wall and me
event which Napoleon tOrctOll "thAt
in 80 years the world would be either
CO-savk or Republic u' d. ut hand. lie
cautioned his hearers from beng dr.
ceIved by the Odium de-iguedly attach
ed TO the promu CATION Of advanced
principles, d. it surely indicated want
OF rebutting argument RuiOrmcrs
were always charged with being reyou-
tlOnistS, while revolutions were caused
by the fossils who opposed the needed
change; this was eXemplited by The abb
| clifton Of slavery, whose holders brought
down upon themselves the vengeance
of God and man, loss vt property
and eNIatItn OF Iosttr.ty, when they
could have received compensation and
eternal gratitude.
The speaker said ID was the princi-
Pies we advocate which European des.
pots charged as being the cause Of THE
present condition Ut Paris, ana az lead
ing To Ike scenes everywhere be De-
cared that the evidence showed that
The late war between Germany and
France had been iuaugurated w the
con spIracy OF MOnarchs, u crush out
the growing aspirations of labOring men.
He depicted the slaughter Of dd men.
women and children who were worth.
lessly butchered III cold blood for wear
my badge of the commune, Nv men
lnstigated ~ officers whose cowardy
surrender Had forever stained The glory
OF France. The speaker ended in
these words, tIs there not something
more inestimab.e than that love which
we cherish for the land that gave u
birth? IL there one IN this assembly
who Will turn from the sacred shr ne Of
liberty to worship, AZ tile altar OF Des
potlsm, even though reared IN his ma
tive land, that priceless form which
perpetrates endless blessings upon
countless generations Ut unborn mil
lions 2"
No. Tlln lct IVY unfurl tie banner
Of Labor Reform from the east 70 The
west and IuscrJe upon !, it, folds,
Freedom, i'll all its natural elements,
which bOuntitu creator has provided
for our use. Freedom 10 exchange The
products of our labor without tribute.
When these rights are secured when
trade, commerce, ana labor, natural al
lies az they are, each dependent upon
the other for their very existence, De.
cause united, then shall We b. able To
say 70 MOnarchs, ~ aristocrats, and 20
extorting capital, Farewell ana though
forever farewell"
At the close OF tie discussion ~
currency Air. Ddany moved the adOp-
ton Of resolutions, recommending that
the action ot the executive committee
be endorsed, they having appointed
three Of that bouy, and a member q
the St. Cnspius, to proceed q Saera'
mento to defeat the nomination q Il.
III. IIaight for Governor by the Demo
cratic party. The resc' ion alsO ~
forth that the conduct " Mr.. HaighI
was inimical to the interest ~ the Labor
Party.
Several Of the members opposed the
L.. & D. go .fIN