The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1874-01-17


ouE Np>ETAkY Sl>rEN. tA>r AND rKESaNr.
,-,>-.--,
Another most serious. II not msepSra-
t.e .hr,.-.u wv thr system = that stock
holders ara .tiicerS IN these institutions
have already rlt only managed 70 get i'm
ta CONGRESS. but uu ...t a, the head q the
committee ~ that body having charge ii
VIZ. LEGISLATION relating t0 the uuance ana
,.-~.r.y think W Wi. ta say that at the
,.r.s..r, -,,os nm. sus.r interest has more
ta.,..... NJ. t.3,,.- -b.. financial leo1sla-
80 tl,.. ,,.,ri..1 rIan The whole a-ricul-
+-.,t ,,,.,,,,4,..-r-i,,- ma commercial III
t.r'sts .,,I1l,-,-j AVA II the system i
continued auI mn holders nf government
~ .rs s1l,y,al IA, ,u.,a,,a m banking
,...i..,.,-. H. Will mar h., Ions, before a ma
Inrirv ~ Congress Mil Be composed II
bankers ana money mongers Ia the detri
mert III every other interest That men
are competent % loLlslate lmparuallv On
subjects In which they are 50 directly pc
cunIarIv iuteres WI. or that they all do W
viii possess the virtue to resist the temp
tation thus presented to enrich themselves
at the public expense, IS, 70 say the least,
questionable.
than u say for ths benefit " those who
NAV not have examined the law for them
selves. that there Is manlfestly studied
design running through an It's provisions
To render the industrial ana commercial
interests tributary " this wrongly consti-
tuted money power. The pr'stratlUn and
arrangement ol l,c pioustIlal anu eg ~
i-,anJ Z ubinb MAJ III bave aIraad Ill
-,'f7;,,,,.5 4. T,,,- /. f'.r.+,.+, M rbat = vat
- - ~, M. i.,,,+;,,,a+a rss,I4s n ia
-. = ,,,+-r.st ,n5 mon, -,
- - .,,j ,,,,,,,,.,-,-,l L.,
- -, ,,,..
e'i's PSI, IN. ;.,.aI- l,-,,r a. I.
,-i.,,,;,,a 4, -.
-, -. o,,,sr,l,,s,,+ hat cor, h.
IL. - a. low con ,,ossibl1 rsI;evs 4 ~
its Objectionable features, because the
-, -, - -,
me t.
To restore general and permanent pros
perity 20 our industrial and commercial in
terests, to encourage the development of
our abundant natural resources, and to en-
able us as nat on to become self sustain
ing and independent, we must utterly
abolish tins pernicleus system, and estab-
lish our monetary laws more IN conform
ty with the principles OF Justice and equal
itv upon whlrh our democratlc-repubhcan
institutions are founded have long Pc
heved that the way to attain tins desirable
end and to institute
THE TRUE AMERICAN MoNETARY SYSTEM. OR
uoxpsr nott.R ~ rHF prop1E
..t-....
.'"' treasury e'5 "'',i' 'ey" 'e''','
~ PSy".y"' " ''' 10 800
WeoLi.o '4"""e "'"' M" M II H,''''g
"' VIA, ,,.;,b ,.,.'.,,,..,',
IN P'e1S"'t " 80
'''''s D'y','y s,''" 'l..''',,''
"S 20" o'''' - P'yP'''F ~ y toi
Pouu'e'S ~. 'pp'.'' '.s''''''''s u ~ '''
I" ~ P''!o'"''" 4" mn" P'''''''
REORGANIZATION or The TREASURY DE-
-
A'i uiNi
Before entering upon the discussion Of
the merits Of this system. | would say that
to reduce it to practice and to secure the
stability and uniformity in the administra-
tion Of the ational finances and currency
essential to the prosperity If the business
interests of the nation would seem to re-
uhlre a reorganization Oh the treasury
Department.
No one at all familiar with the loose,
wasteful. and unbusiness-like manner in
which this most important branch Of the
public service necessarily conducted I'M
der the present system, will doubt that
great advantages would result FRI m such |
notifications il the mode Of administra- |
ton a. our changed circumstances demand. |
] say necessarily loose o,,d ,eastefid man
'er because i even i were possiole TT
single liiulN i.'uei - lioPea9 ,'- III
unties PG S % Sno "i,ioe VI oeIre.Sry
OF the treasury Wien 'ie PVPuia''on'
wealth., anu business Wy ' ' e,iei oiie
- 800. H. 1,oucrs u anv man however abl.. |
s,'. !. -nerienced 10 nerform them under
am M anged c,rcnmstanoes While admit
49,, tl,o yocassitv ~ ,arafuIlv Guarding
aga,nst freonent and ZIMMERMAN chances
;T matters of spcb vital imnortance 7
,avertbeIass tbink ~ sbouId boId onr.
selves ready u adopt sucb notifications a.
practical exnerien6e NAV show To be nee
a0 70 a iise and Economical admins
trat;on ~ tb;s and ali othar da,art,nan+.
20 M nubIc service Again tbev ~
tboss bo wbiIe heartily ,ndorsing and
.-nestIv DESIRING the adopt;on 81 the nro-
noaed monetary system. seem to doubt the