The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1872-07-27

not the principal. He, therefore, made
the suggestion to Mr. Chase, that if he
was authorized to state that the principal
would be paid in gold also, he could make
better sales. Mr.. Chase dare not give such
an assurance, and the testimony OF Mr.
Stevens who was Chairman of the Finance
Committee in Congress and who i'll fact
drafted the bill, testities almost in his dying
breath that by the bill for the issue Of
these tive-twenties, both principal and in
terest were originally made payable in legal
tenders. But, at the urgent solicitation of
" capitalists" he was induced to insert as
an amendment to pay the interest in gold.
In the very teeth of the contract, and
when there isnot, and cannot be a national.
money, which will he binding any where,
but in the nation which coins it, without a
congress Of nations which has never taken
place, and where no such universal taeit
consent even, has been had for any body,
and much more for labor advocate to
thrust an assertion in the face Of labOring
men, to make them acquiesce in the illegal
acts Of this government to pay the FIVE
twenties in gold, which payment robs them
out Of at least eight hundred millions Of
dollars by a wrong construction alone, and
makes six per cent. gold interest perpetual,
when no interest was payable or should
have been payable upon the bond after
five years, was a great outrage and TO style
such an argument Z" bosh" was very mild
term by which to designate it.
But our friend further says, that he has
an exceeding distaste for discussion Of
financial theories, which is generally weari-
some and always fruitless," very probable
this is true, and will continue thus, until
labor advocatesget more definite ideas upon
the subject than his article would afford
The most astounding discovery which he
makes, however, is that the workingmen Of
Germany by combining together, have
practically solved this financial question,
by becoming stealors Is well as stealees.
That certainly would be most gratifying in
telligencc, if true, but the fact is, there is
not word of truth in it, further than this
that a few men have made themselves of the
stealing class, and cover the steal by join
ing with them a portion of the working
class. 1t has not relieved the laborers Of
Germany from their CALLING load Of op-
| preston, and the German credit by DIR.
! VIM. Elders ''Qucstions ~ the Ddy' is
worth about as much as his Gulliver travel
demonstration, THAT the laborers Of this
country by the statistics, were the recepl-
ents Of about twenty-nine per cent annu-
al profits, when no nation can show a clear
net gain of three per cent per annum for a
period Of one hundred years, very much
like his other demonstrations, too, that a
national debt which is a national robbery
of the industrial classes may be : nation
al blessing"
We assure our friend we are all right
upon the cooperative system, but We have
no notion Of taking one plank out Of the
platform, and try to prove to the working
men that under this plank they can lift
themselves raisly by the straps Of their
boots. But this We are sorry to say, is the
Just tendency Of our friends teachings.