The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1876-02-12

tries paralyzsd, al the fortunes Of the
r,public shipWTecked. because the gold
worshipers are strong in their supersti-
tious prejudices that they cannot be per
suaded t. adopt a 1: u- system of national
paper money
After our srvenbacks have furnished IA
= money for fourteen years. superior 70
any money We have ever had, our masters,
the bondholders and capitalists, have de
creed that We shall be- staipPed Of our CIR
culating paper money and return To- com
money II l. manifest this policy Will
bankrupt the people within the thr, e
years hxed for the redemption IN gold Of
the SAL go ESQ II National bank notes,
and the SSS60. WU. GO II legal tender green
backs. and rum our trade, commerce and
manufacturers. Thy passage IT the act II
Congress last year, o. destroy the paper
money Of the nation and return To com
money. has filled the minds If our citizens
with alarm and the District courts with
bankruptcy Applications. The man ruin
predicted III May. 1873, III Liberty and
Law, l72D. from the nrfarious Congress.
siunal act Il March Is 1869. changing the
90 currency bonds iito gold, Is closing
IN upon the people aud the county. The
grasping Shylocks who planned that gold
bond act, to enrich the bondhoidrrs and
bankers, are laughing ~ and hooking the
misery u the people, and while they are
clipping their golden coupons from then
golden bonds, IN golden banks, the people
are crying for bread by their desolatt
| hearthstones.
| Let rs learn little wisdom from much
experience, and if Congress will repeal tnt
| obnoxious act 81 1875, and pursne the
policy recommended by me IN the tw,
| first chapters az " Absolute Money, they
will be entitled to the heartfelt thanks Of a
suffering people.
| 1t will not be practicable for our repre-
sentatives in Congress to misrepreni theil
constituents and make financial war upon
their interests aud the country much
longer. We have lost IN annual products
; since the beginning of the contraction
| policy ia 1869. more than 500, OOtI, 900 a
year, or 81 900, 900. 900 more than the
national debt during the last seven years,
and this whole loss has been the result ui
an attempt ON the part of our Congress tt
turn the > 20 currency bonds into gold
bonds (see " Liberty and Law, PIP. l6S t
| l1U). The people have right to demand
from Congress cessation of this Wal
| against the Industries and labor Of the
nation. and a restoration and publication
OF the national money system. Our bh
/ lions OF wealth that have been sacrificed
| to serve the interests of bondholders can
not be restored, but Congress has the
/ power To stop its fratrIcidal war against
| the people and their interests, by repeating
| the Specie Resumption act, and establish
/ ing a national money system. Ii tins II
done, peace, prosperity and happiness vii
come to the homes of our people and ex
| pei the suffering, want and misery tina
now desolate their workshops and house
/ holds And this reasonable r. tuest canno
be refused without destroying tre national
credit, and furnishing the national honor,
for the Specie Resumption act will force tn,
nation into bankruptcy and Reputation
! The people are no longer ignorant of tn
/ true issue III this controversy. 1t Is CON
| tlict between the gold and bondholdm!
monopoly and the manufacturing ant
commercial interests Of the country. Tn
success u the Shylocks will be the ruin o
the industrial classes. They insist upol
\ their pound Of flesh cut warm from th
hearts Of the living laborlng people. LIE
them beware Of drawing blood in the cut
ting, for If this despotIc, cruel policy /
persisted in, a revolution may come NOR
terrible IN its results than any recorded il
history.