The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1875-10-09

| lnaI everybody from servant urls 10 bank
ers on the Pacific coast speculated freely
Only a short time ago a noted hank broke
The Chicago Time, denounced the bank as
a gambling hell" In no other part Of
the United States has speculation run
Wild as II did In California. IL is plain as
day that gold is the currency Of ali others
which fosters speculation. Similar facts
are furnished from Europe Speculation
Is the rule IN business transactions III Eng
land, and Bagehat, the editor ~ thu Lon
don Economist, asserts in his book enti-
tied 'Lumbard Street. ''that an manu-
featuring enterprises in Great Britain have
become gambling virtue" We have al
so found upon an examination of prices
current that the English markets are much
more uncertain, and that much more of
speculation feeling always prevails there
than IN our own American markets THE
greenback - more STEADY ana certain
currency than gold, and has been rver
since the close of the war.
When the army vas disbanded every
body saw that fall of prices was inevi-
table, and consequently I'D business men
became tlmid. At no time was there any
such thing as a speculative movement d.
goods None but q food srucuatcs un
falling market outside pf boards NJ trade
" ben thu contraction ut tlc currency np
gan, people nhY had r.aId .,sh uurr t,-eed
to rim n drbt AVA thI- forced uNuarsiuf.
~ credits, ultimately resulting in " crash
Ihc bulllOuIsts overlook unr -rrat tact
here. " nen money is plenty people ugy
cash, IA money becomes scarce, people run
IN debt All Of our none tary trouble re-
anil Itg H..
millions IN the credit system 10 those who
lend money, hence the desire to contract
the currency and initiate credits Th,N
have nothing ID say about the dangers w
an inflated credit hut they dwell lunp and
earnestly upon the horrors Nv AVN inflated
currency whereas the greatest danger
always has and always viii NJ from an iu-
tlated credit. Nobody can be- hurt a. long
as they pay As they -o Mr. Schurz
demands that the people shall not be per
mitted to pay, but shall be- compelled t.
run in debt Sifted of all Of MS oratorical
verblage, this is what his talk about intla-
ton means
REPU nIATIUN.
The Republicans W. Ohio ryly upuu scar
rng thr ignorant With the cry w initiation
ana rcpudiatiuu. but uu sensible, person
will run from these SCARF. rruW.. WHY rrfr..
to vote tor more money h,.au., thy bank
robbers ridicule, caIoly. Or abuse hrm o.
turns, as best suits their purpose We
wish to have our say about Repatriation.
We entered the United States army uu ihy
.id day of May, 1861. and Igft III uu thy
18th Of January. 1850, serving during thp
entire war. The tirst three payments were
made in COLA. These facts .pAyu tu uppOr-
tunity TAR gulbbhnI as n. the contract
made between my comrades ana myself
and the government AitDr th- third pay
ment, the government repuajated this pri-
vate contract and paid us u greeuhacks.
Ii would be impossible to find "a clearer
case of repudiation. but not a Wall street
organ, nor any bullion organ which Is now
50 anxious about the credit M the nation.
had one word to sav about thI- bare faced
act of repudiariun Thc soldiers Lad nu
pensioned organ to advocate thyir cause.
The second act of repudiatiDn originated
IN Wall street, ami consisted iu furciug
bill through Congress forbiddIng the fund
ing Of greenbacks into = 20 bonds as the
original bill provided The third act Of
repudiatlon was also born IN Wall street,
and has become known as the public credit
act, making the J.2O bonds PAYABLE IN
gold This act was obtained by fraud and
ought 70 be void The fourth act of re-
pudlatlOn n also an offspring Of Wall
street, and j. known as John Sherman's
contiscation act, pledging the government
to resume specie payment on the lst day
Of January, 1879. This act vas bought
by these honest Wall street repudIa-
tors, and paid for by the lobby Il is a
bare faced fraud, both In CONCEPTION. theu-
~ and practice, and means robbery. pure
and simple 1t is designed tu rub the
laborlng man az his wages. the land owner
~ his property, and the debtor W. hIs ac-
These robbers arp tht men
Tho are pratling about honesty. WHO are
the Withdrawal ut gretnbacks
that they may furnish bank note currency
IN its place These are the ''huu,st" re-
pudlating Williams who are moving heaven
and earth TO obtain an absolute control
over the currency, and have the power To-
corner Il at Will, and rob the community
without let pr hInderance. Pretty people
these. to talk about 4 honesty and raise
the stop thirf cry of rcpudIatiou Nr,
they are the workmgmyu's worst enemies
and are only too anxious tu increase their
opportunities to rob him.
CONCLUSIONS.
We have shown thar the value Of gold
Is an unknown quantity. and thar instead
of its being fixed, it Is the most uncertain
Of all values
We have shown that thr value No green
backs depend upon the .u .ply anl du-
mand ~ greerhacks, anl THAT thrIr ylu.
depends Only tu thr mUst rumust u,-rr,
upon the value XXI guid Ihat thr gr.gu
back currency ha~ given us more steady
prices in the Juted States lhu " 1uld
currency gives to Canada ur Great Britain.
OF than gold currency can give to lh,
United States.
We have also shown that the value ui
the greenback Is not deprecated by An ad-
dltluual issue
We have shown further, that the reason
why money " locked up iu banks. y. nu-
cause 1t thc conspiracy tu force down thr
yaluc ui goods ana the price of labor
This money WILD be unlocked when thu
price 1T goods have turn upward. ur
when the money corner Is broken by Issu-
ing more greuuhacks.
We have shown that there Is uo fear
whatever that the currcuc, will Dee DO fated.
but that ther, b. much tn fear flum the
terrible effect of thr IMITATION .i credits.
which Mr. ~churzs friend, arr forcing
upon tht people
We have shown thar th, gamblers und
specuators All want sprcir payments
therefore a gold basis currency With aII Its
rOttenness is the specuIaturs money.
p0r excellence
There are many other points which We
should ike to analye, but cannot spare the
space. Carl SchIIz pretends t. labor for
the good Of the people and appeals to the
worklngmen for support. Carl Schnrz Is
a high priced charhtan, all eclectic ma
gician, a deceltful fraud, 4 stupendOus
humbug, brilliant but base AZ Satan and AZ
INSCRIPTIONS as the arch hend himself
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