The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1875-01-30

Il There are those who, with loud talk and
Idognatic air, pretend they desire an i'm
mediate resumption Of specie payments,
and then, with feigned modesty, refuse to
iinaic&te any method whereby resumption
can bs brought about for moment, much
| lsss maintained for decade.
This class insinnate, in q most annoying
manner, that those who advocate an hon
Iest adjustment of the currency m . sound
and true basis, are inhationists or repudia-
tionists, while, in truth, they are them
selves deserving of such sppolations.
They oppose, with bitterness, the only
plan that can be adopted, which would pre-
vent imitation without producing undue
contraction- which would remove all liza
biliJy to financial panics, such as, in yesrs
p&st, have SO seriously disturbed the in
dustries Of the country, and entailed such
fearful loss upon all classes, excepting the
Shylocks. The class referred ~ are woven
in sleeps clothing, a. they are really
working In the interest Of the Shylocks.
whils tesy prstend toshe anxious to pro-
sss s.. - = In - 81 ,,,, csas.s:snia ,S;s sr,;.;s !,
Ohio, are fair specimens of this class Of
men, doing all that lies in their power to
injure the country The two gentlemen
named made speeches in the House Of
Representatives on Thursday, the 10th
inst, in opposition TO the interconver.ible
bond bill introduced at last session by Hon
VIM. ID. Kelley, Of Pennsylvania and Ia
their speeches statements we're made about
a. far from the truth as it would be to de-
clare white to be black; but they made
in q way calculated to mislead the stupid
and unwary.
Mr.. Dawes said that to give the holders
of legal tender notes the privilege Of con
verting them at pleasure into government
bonds bearing interest at three and sixty
five hundredths per cent. per annum-the
bonds being made payable Oh demand
would depreciate the value of tn )se notes
Now, what could be more absurd! That
the simple addition of valuable quality,
which may be accepted whenever and for
as long a period as desired, will depreciate
the valne Of greenhacks, is too prepos-
ferrous suggestion to be accepted, even for
q moment, by AL unlettered backwoOds-
man. Shall We, then, believe that Mr..
Dawes il honest in making such a state
mentl We cannot,
"Whom the gods would destroy they
uIbt uduc lnAu. W.T.. DdHtS, dliu all Those
who fully endorse his position on finance
must be mad, OF else they would not be
so fool-hardy as to oppose 50 benifcient a
measure az the inter-convertlble bond bill
now before Congress
The advocates of the measure say ''since
the government has failed for 50 many
years to redeen its demand promises (its
greenbscks) in gold and has not issued . 20
bonds in exchange for them, accordink to
the original promise, since 1868, and can
not now pay gold, it is high time that all
persons desiring to do so shall have the
privilege Of exchanging them in some speci-
fed amount, and multiples thereof, for
interest bearing bonds, which bonds shall
be made payable on demand in the same
currency with interest, to date" Wb~-
could be more simplel What can n . be
done that, all things considered, would be
so nearly Just to all interestsl
Let Mr.. Dawes aud his blind followers
beware! The common people have dis
covered SO much stupidity and wickedness
in high places are beginning to think for
themselves, and woe betfde the men who
Intentionally mislead them
Pick pockets may temporarily serve their
own purposes by crying out: Beware of
pick pockets" but the reckoning day must
come sooner or later. 1t may for the mo-
ment serve the apparent interest of . pc
euliar class of men to wickedly declare
that those who are urging the passage of
an interconvertible bond and currency bill
in order to inaugurate the most benefcent
system of finance ever conceived by man
are inastionlsts end repudiationists- if
they defeat that bill their day Of reckoning
will surely c"--.o, HlI5 much sooner than
they anti; pate: and their crime will prove
more hienous than any one would now i'm
agine. While calling an honest man
thief may distract attention from the real
culprit for a briet space, and the calling Of
upright men repudiationists may for mo
ment throw some persons off their guard,
in the long run it will be found, as always,
that Honesty il the best policy
The eyes of the people with powers of
discernment rapidly developing) are now
upon Congress. Let no Congressman,
whether he be Republican or Democrat,
think he can by any possibility shrink per-
sonal responsibility in this matter of the
currency. He is 80 closely watched that he
must stand or fall by his own act-Mer-
camille Journal.