The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1876-05-06
FROM CALIFORNIA.


tenn. Had you not better hold YOU
horses, brother The same CORES
pondent tells me that one Of the Justice
Of the supreme Court had said, mus
We wade through the 8 - slough 3" If
hni myself in such eminent company
why should | hold up now The SAINT
correspondent also said most of our ad
,auced money reformers favor the total
abolition of iut,-est II this is 80. Why
40 they not " oUs with it," They have
the example of that much abused but
still venerateG book, the bible to keep
them in coUntenance. That book says
thou shall not ciarge interest to my peo-
pie, Othe Jews, but "to the stranger
within thy ga,es, the inference naturally
IS. they might b. fiayed alive. | wonder
" hat the Lord ..ould have inspired his
prophets to have said, if it had been
:" the stranger that vas SHINING the
Jews, As the European shylucks are skin
ming the cream u' our industries 10y loan
nig rs money .hat We can provide for
ourselves.
This is the ialt Il our legislators. If
III, conduct of these 'inen was truthfully
characterized, they would hardly escape
tho imputation lard at the door uf Ieh
Davis. whom they call the arch traitor
\ When the crime these men have com
mittei Is held up e. n, public gaze, and
exposed IN all its hediousuess. they viii
! be- that the mOU-tains may tall and hide
| them Tha sole amendments t. the legal
tender biil-as Thad stephens foretold
was intended to deprcclate the currency,
to enable foreigners principally ID buy
the greenbacks at half their par value, and
invest them IL bonds drawing SIX per
cent. gold interest Per anuum. These
bonds bought by .Aesc European shylocks
are now l. to 20 per cent above par.
| Thus they have realized more than 100
per cent. besides SOLICITING more than ~
| per cent. on their Investment For this
We are indebted t. the Senate, all OF
whom are capitalists. or manage to he
come SO soon after they get t. Congress
In the simple operation Of converting
the greenbacks IN, bonds. more than one
thousand millions " dollars vas thrown
to the dogs. II say nothing oi more
| than one thousand millions " dollars that
has been needlessly raId 10 interest
since.
There never was a dollar NOR, ut legal
tenders III ciIcul4,.on than was needed for
the prosperity of the country. These
shylocas attempt t. frighten the people
with the bug-b.c Of initiation, but the
fact is the american people are getting 50
! they don scare worth cent. Initiation
means low rate Of interest, business
prosperous, and money in the pockets Of
the people. The .ery thought Of plenty
Of money terihes these vile cormorants,
who, vampire-lile, all fatten upon the
blood ~ the In0lstrious people. 1t is
time this swindling game, long perpe-
trated with impun.ty, should be stopped
THE SILVER QUESTION
IS botheIing our fnanciers. Trade dollars,
though containing more silver than the
smaller coins, are At 10 per cent discount.
Following the advice Of our financial
editors the saloons, restaurants, and
groceries refused to take them for more
until they found Gut that their customers
could cypher some too. They would take
a trade dollar at 50 cents, and give o.
cents silver change, that was at per cent.
discount, thus get ing within a fraction OF
- cents for that which they pretended to
charge but two bits. But this game was
soon PLAYED out. The silver bin before
| Congress is intended to shift the burden Of
! this depreciation cuOn the working classes,
as usual Who would have thought that
the coming of the trade dollar would have
been the means o. starting the greenback
movement in California. Yet such will be
the result without doubt. Silver must
depreciate here to par with greenbacks, or
every dollar Of silver coin issued from the
treasury will be shipped to California.
The bullion value of the trade dollar is
about % cents at London for silver quo
tations. Yet some Of our city end country
editors are ad drising the people to hold
trade dollars as good investment, and
such stories are beng circulated as that a
broker wanted to get a couple Of thou
| uanA and annll 6Yl .
people were hOarding them. OF course
this is done to enable the brokers and
bankers to get of their sterk before they
fall lower. How much longer the people
will put up with these money swindles Is
question that the near future may
solve.
A EICH ITEM
from one Of our dailies, 9 Banks, said the
benefits would accrue to the people of the
Pacific coast, and he thought something
was due to them for the fidelity with
which they adhered to the Union, at the
time it was thought they might leave us
Oh dear, how sweet and soft the para
graph ends. Yes, indeed they die
threaten "to leave us, and would have
done it at the instigation of European
bankers and traders but for the privi
lege granted them of giving aid and com
fort to the energy by refusing to receiv
the nations obligations, though they di'
J. not hesitate to use them to pay their debt
at the east, whereby they made millions 0
I dollars. What would have become of thi
nation if every other State lip the Unio
had followed the example of California
! Fidelit9," indeed Banks had bette
try again, unless re was mirking at us