The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1875-07-17
THE SITUATION

The reports show an almost universal
closing of foundrivs fDr the holidays. There
does not appear to be any definite time
liked for the re-opeuing, the bosses" APP
pearing 10 he IN about a. much doubt As
the men. The closing at this season is not
unusual but heretofore there has been
some assurance oi An early resumption.
Since January there has not been enough
work done to keep one-half the mOlders
steadily employed, and at this writing 1t
appears doubtful whether the coming six
months will show better result. II is
becoming the almost universal belief
among manufacturers and worklngmen
who seek to know the causes Of this con
tinued depression, that We will never be
able to return ~ the prosperity Of the few
years preceding 1869, until our vicious
financial system has been obliterated. The
men who have their capital invested In
legitimate productive industry, and the
men who nov labor for wages, must unite;
their interests are identical as against
bankers, brokers, mOnopollsts, and bought
and paId-for congressman. The bankers
and their organs continually remind US
that there Is large surplus of money III
the possession If bankers, etc, which they
| Soi ApL AboAr hAAANh AAAt1 dAC hhAAOus W
loan. and which no one seems anxious t.
borrow. This is adduced as an evidence
that the plea of labor everywhere, and Of
manufacturers, especially IN the south and
West, for more money more greentacks
is absurd.
We admit that there is more money 10
be loaned at from eight 10 fifteen per cent.
interest than manufacturers desire. They
can not afford 10 pay any such interests for
money Ii a. virtual cOnhscatIOn Of their
property, and they prefer to remain idle
as they wall lose less 10y idleness than by
activity What they want, what the work
| Inglnen want, Is not 80 much more
money, It Is cheaper money. The
money ~ the people the greenbacks
which are paid fur by the people are gwen
by the government to national banks with
cut charge, while the banks charge the
people from eight to fifteen per cent. for
their use. The people pay twice for
their own meney. Bankers pile up for
tunes while manufacturers fail, and labor
becomes poorer and poorer. Until Thu
system Is radically changed, We viii look
IN VAN for the good times all are wish
ing for, ana which are are necessary for
the prosperity II the country and its pro
ducers.
IN Cedar Rapids, Iowa, there il fuun-
dry which employs only one mculder, who
IN an odd genius he lives IN the shop.
and seldom, d ever, leaves II ~ has never
been known "a change ms cloths IN the i've
or slX years that he has been there. aud
the name H. Il known by-Rip Van
Nnkle-seems To be very appropriate
He was originally from New Haven
Conn
correspondent informs US that in Mar
settles, H., there are two foundries EN-
PlOylng twenty-five molders, several D
whom are Union men. They ID not ap
/ pear 10 care much for the Unions, as ",
z never hear word from any Of them
There should ~ mon III Marseiles
and there would be, ii there was one o
two good men there 70 stir up the boys.
A project l. On foot IN establish a larg
Z foundry in East Napa, Cal, to be con
4 Quoted By a joint stock company. II
; purpose rIll be to manufacture stoves
etc.
Z The Lttleheld Stove manufacturer
, Company VI Albany, N. MI, have sent
b number Of stoves To China.
u j. said that Ransom 4 Co.. NE Albany
I send stoves u South America, Australia
= China, Japan, Sandwich Islands, Africa
and New jersey.