The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1873-11-15
FROM CALIFORNIA.

san FKhNcISco. CAL, Get. - 1873.
ro the Eittar Ut ~, woast>sa,>s Advocate.
What d. the laborug and producin.
classes expect To gain rs tempori1ing viii
capitalists D. they expect any conses
sions to be made IA their favor Does his
tory afford an example that may lead u Z,
anticipate such a conclusion
Is there any law Of God or of natur,
that will Justify one man for oompellin.
another to labor to support him in idle
ness This vas the otfense Of the slave
holder, and Gods retribution has over
taken them and their children.
Nations $. Law - G ..- dotted out % eAIs
tence for this crime, II, indeed, 1t has not
been the only cause that led t. their de-
structlnn
What does the Industrial Congress mean
By 80 laws that do not bear equally upon
capital and labor q This is sheer mean
inglrss nonsense. The wurkingmen have
been fooled long enough with similar am
biguous phrases.
Il is time for labor congresses to define
what are the rights Of labor. and to in
qulre if capital has any rights. lflt has
then is slavery UNSUITABLE, and liberty but
a shadow Let me say here, and dare
proof to the contrary, that without free
money the people Of nation can never he
free. and free money cannot he where
property Of any Kind or description IS used
for money, III as a basis for currency for
this use &c another man 5 property, affords
the only preteXt that can be offered for ex-
acting interest for the use Of money
We do not want any man ) gold Or silver
or other property to circulate as money or
a. A basis for currency. This subterfugels
becoming mighty thin, and lest the effects
of the late panic (the banks refusing to
pay greenbacks As they formerly refused {"
pay specIel should open the eyes ~ the
million the satellites Of capital are clam
ering fcr lst-iru t. specie Payments.
h Is 1ar f.r the b spie ta know hat it
q. be interest on money thaJ a-.s iem 81
the profits Of their labor, and puts it all
INTO the pockets Of idle capitalists, leaving
IN them Int base subsistence. Our pa
rers here rebuke the Oranges for dis
cus.inp the currency question, and
advise them to contIne their discus
sious to improved modes Of making but
ter and cheese. breeding stock and retail
mo crops. and leave the care Of the cur
cy to 5he bankers.
The cool impotence Of this passage Is
L. .v,. IL NJ.
Give us free money and We shall need
no more customs houses or tariffs to add to
the profits Of capital under the pretence
Of protecting home industry. Abolish the
specie basis and We shall need no more
minis. and the hordes If young men. now
feeding in those public cribs at the expense
If the producers, will be turned out to
work for their own living
The specie basis falllcy is Ia reality ex-
ploded, and in its place We have had late
ly the government bond basis. Tins bears
the same relation to the specie basis rob
berry. that grand does t" petty larceny.
Under the specie basis system bank was
chartered fer the ostenslble purpose of &C
commodating business men and promoting
the development of our industries. Then
charters allowed them to issue three times
the amount Of specie held in reserve, and
although this enabled the banks t.
declare dividends upon tier CAPT
tai greater than legal interest, yet
the public only paid legal interest
IN the amount borrowed. The case is quite
different now under our government bond
basis system The public when using the
National Bank currency pay 81 per cent
more than the legal interest on the amount
borrowed. because the interest on the Gov
eminent bonds is also paid by the produc
ers and nobody else.
use the word public because mean in
terest is never paid by the one who Dor
rows, unless he himself is a producer. The
burden Of interest Is always shifted on t.
the shoulders If the laboreT, III the SAINT
manner that the payment Of duties il
borne by the consumer.
The Nation "a late number. | forget tn,
date goes after Secretary Richardson 70
paying out few million greenbacks sine,
the panic, and refers in bitter terms to tn
issue Of five millions last year. to enabl
the farmers Of the West to move thei
crops IL was the scarcity of money tina
malle fine farmers in Iowa burn their corr
Z Tor fuel, while thousands Of men, womel
and children al the East were suffering tn
pangs Of hunger. Give us free nations
currency and plenty Of il, and the extreme
of poverty and wealth now so rapidly in
creasing, will as rapidly disappear and "
will have it sooner or later, and the longe
it is deferred the worse it will be for thos
who oppose it.
The names Of the authors Of the legs
tender act will descend to posterity as tn
greatest benefactors, while the names
those who tackled on t. it the gold amend
ments thai have robbed this nation
Thousands of millions # dollars viii /
forever execrAted. G. B. S.