The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1876-10-28


Hayes.
AN AMERICAN SYSTEM or FINANCE De
MANDED.
II am convinced that when true Amerl-
can system Of finance is adopted, which
shall put all that circulates as money en-
tIrely and exclusively under the control
OF the Government, making il receivable
for all dues and debts, employment for all
the working classes, and prosperity for the
whole country will be the natural and per-
manent result Peter Cooper
PETER COOPER on PROTECTION.
The American people and Government
cannot too constantly remember that 1t is
utterly impossible foi us as nation tn buy
anything cheap from foreign countries that
must be bought at the expense OF leaving
our own good raw materials unused. and
and our own labor unemployed. Peter
Cooper
WENDELL PHILLIPS.
The greed Of capital forces the govern
ment into one pathway starving labor
clamors To have 1t move otherwise. linn
Wendell Phillips.
"USURIoUS ENroRTIoNERS.
NfuA liNstul HISAth NhN'Nt~
ages and permits usuuous extortioners to
possess themselves Of the products of in
dustry without giving an equivalent. ~
Hon. +. Hughes Of Pennsylvania.
'FALLACY And CHEAT"
when the country will realize the glo-
ries of a gold basis, and learn what is
.-.~-at nv 'rreedeemahle trash. the fallacy
and cheat Of a gold basis viii have been
demonstrated for the thousandth time.
Both Tilden and Hayes are pledged to
support this fallacy and cheat. Samuel
+. Cary.
| DANGEROUS MONEY DESPoTISM.
cone great purpose of the money power,
who have brought about contraction, is to
control the mass Of the people, that they
may further enrich themselves and pander
to their lust Of power. Further impover-
ishment may render successful resistance
| hopeless, and they VINO would ne free from
this great money despotism must strike
the blow before it will be too late Hon.
f Hughes Of Pennsylvania
/ HENRY WILSON A GREENBACK MAN.
81 look uron this contest the discus
sion in Congress, as to whether the inter
est on the public debt should be paid in
greenbacks OF gold as a contest between
| the curb-Stone brokers. the Jew brokers,
the money changers, the men who specu-
late in stocks, and the productive, toillng
men Of our country Henry Wilson.
MOST ExECRABLE SYSTEM
There is not in the whole system OF
National Banking one feature 70 save it
from the excavations 81 the producing
classes. Samuel F. Cary
TRIUMPHANT ROBBERY
This bill to pay the interest Of the pub-
lie debt IN gold. under the pretence OF
Strengthening the public credit, is a dis
honest scheme to practically increase the
debt If the country for the exclusive ben
eft u bloated spectators. '-T haddeus
Stevens.
Is THE ROBBERY To- CONTINUE
The question is Are the people to
continue To be robbed by private corpora
tions known as national banks, or shall We
have full legal tender paper money ISSUED
directly by the Government without inter
est II Is a question Of right or wrong,
Of honesty or dishonesty. Sydney My
ers of Chicago.
AhE n ~ W ttA 'tiA b1 mum IN
am persuaded that a careful examina-
ton of the subject will convince any can
did mind that the eXorbitantly high rates
of interest on loanable capital. sanctioned
and sustained by our present iniquitous
MONETARY laws, Is the main, and of ItsaH a
sufficient cause for all our industrial, COM
mercial, and financial troubles, and is tend
ing inevitably and rapidly to the impover-
lshment and degradation Of the producing
! classes, and the decentralization Of society
generally Congressman Campbell Of H.
LIMOS.
JUDGE KELLEY on CONTRACTION.
Contraction OF the currency, if con
tinued, will prove a failure, but not harm
less one. 1t will be fatal to a majority of
the business men az this generation. and
strip the frugal laborers Of the small but
hard earned sums they have deposited in
savings banks. Its object Is to reduce the
amount Of working capital in the country,
and by this unsettling values it viii para
lyze trade, suspend production, and de
prlve industry Of employment
Kelley.
HOW THE POOR MAN Is ROBBED.
Every farmer owing money at high
rate Of interest should under a Just sys-
tenn oi finance, be enabled to borrow Of the
government and pay the mortgage that is
absorbing all his surplus earnings to pay
the interest money. Thousands o-day are
in condition not able to pay the high
rates of interest now sanctioned by law,
and the hard earnings OF life time are
slipping from the feeble grasp Of thous-
ands, and will be struck off under the ham
mer Of foreclosure unless relief comes
quickly. 1t is not the rich who are thus
swindled. 1t is the poor man who is
heeced to pay usury to the rich. R L.
Woicott of Brooklyn, \. y.
EXTORTIoNERs AND REPUDIAToRs.
eff the bondholder refuses to take the
same kind Of money (greenbacks) with
which he bought the bonds, he is an ex-
tortloner and repudlator. Senator
Sherman.
PERTINENT QUESTION.
President Grants salary is paid in
greenbacks, and so is Governor Tilden's
Why, then, should we pay gold to the
bondholder, seeing that the bondholder
lent greenbacks to the government, and
not gold. Richard Montgomery Griffin.
WHY so MANY ARE IDLE.
That millions Of people should be idle,
and IN many cases absolutely starving, not
because there is no work to do, but be-
cause there is no medium Of exchange, is a
disgrace to our government. A New
York Mechanic.
A sTEALTHY AND MOST INsIDIOUs POWER. |
High interest is the most dangerous,
because the most insidious, Of all the pow
ers menacing the rights and prosperity Of
the people Operating silently and IN
seen, it stealthily takes from the produc-
ing classes large portion of their earn
ings, while it keeps them in ignorance of
the cause Of heir wrongs. Congressman
Campbell Of Illinois.
uu.r men rNrrDpSr a., ,.,1-