The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1876-05-27
The Cause.

Upder the above caption the Even
Ing Herald, OF the Esd inst, discusses
the present financial and labor depres-
sion in the following concise and able
manner
All the sldinss Of al the railroads leading
from the Anthracite coal regions are crowded
with cars ioaded with con- for which there ts no
sale A. p consequence the colllereI only work
ducad wages the miners and lNbOrers cannot
earn enough money co buy provisions let alone
clothing, and paying rent. Is there 100 much
coal mineda The paid agents OF the foreign
bondholdeTs and the non producing capitalists
of the country Will answer "ies :" Dut they lie,
and tley Fnow they ne, or are fools, whom for
the benefit OF their fellow citlzens cannot be
TOO soon confined III q mad.hOuse.
\ few years s.nce there was sa for all the
coal that conl1 be produced at fair pnces, ana
WAGES were GOOD Why cannot the maIket alb
sorb the producmOn ana proportonate annual
increase now a, well as 1t did seven years slncel
simply because III tne meantime the BUSINESS
ol the country has been dIsOrganlzed and bro
ken down by Congressional regis sahon IN the
Interests OF class. A greenD4ck currency,
based on the resources OF the wnOe nation, Is
good enough for the manufacturers, mine op-
orators, and merchants OF the country and Their
employees buU 1T was not satisfactory to the
lnIteu class VIII , had government bonds and
~bo wisn to deDleclate the value OF all kinds OF
property but nlOileH In the interest OF these
people the resunpt on clause was tackled oil to
TAO Free ban Sng bill at the last session of Con-
Eress,and duripg the last eighteen months ever
Snce it's Passage, THINGS have gone from bad TO
worse The prices o. iron and ali other manu-
factur, uriic es- low before-have still iarUher
declined furnace after furnace has blown out;
gulnng mill after rolling mill ana manufdctory
after manuIactOrv have oeen closed under the
threat OF resumption. Worh can hardly be had
and hundreds OF thousands OF destitute people
are yaInly asking for employment. Money Is
plenty In the lqIge centres OF trade, because
with The prospect of resumption in two years
before them capitalists are unwilling to invosi
their money Ill industrial enterprises. The
values of all Klnos OF commodiues, and especi
sllv wages have rapidly fallen, the srtces OF
government bodts 9nd goa alone adv Inclng
Capitalists have money 10 Duy government
bonds. or TO lend Oh hrst-class collateral fol
BnurL perlods but ere AFRAID tp buy property OF
engage III business because OF the shrtnkage o
values which Is nov taklug place, and whicf
Will cont nue. until resumption Is attain IL
the meantIme Jusiliess Is demOraltzed, and des
tituton gnd want stare thousands OF honest ant
deserving peop e in the lace. People would buN
goods II they hR Gne money to do so 1hey arr
IN want uf Jneln, but cannot get them, ana Ou
manufactures are idle because lauor is disorga
nIzel Hud ID not employed at remuneraJiv'
rates. II Is the contraction OF the currency ant
expeeUed specie RESUMPTION Lnat las destroyed
lhe market tor coal, and change lOr The bet
Ter cannot be expected unless There ~ chan y
IN the fiuaDclal policy OF the government. l
the mere threat OF resumption mas psralyze'
the business interest," OF the land. what VII b,
the condition O1 aft airs two years hence. whel
resumption Ia IoTclby brought ahOutf Long De
fore that time many now IN want VIII nav
stArVe,i, and ev, ry business man and properly
owner who is IN deOI WI have been driven q
the wall anu wlll nave passed npder the hand
OF the Sheriff. The wealthy viii absorb all tn
property OF the country, and We WIu lind ouI
serves IN the same situftlOn as Was England II
la2s. when IN the 1our previous years. under til
pressure OF "a forced specie resumption lh0 ch
CumsLances exactly similar 10 the present con
dl. ION OF this country, the number OF p Opsrt
owners IN the British Kingd0m was redueel
lIOm Three hundred thousand 10 thirty LnOu
SAND. And II the people are content to quitel
cutler ana allow thBlilsel yes 10 be ruipeu. an
tlAelr families plu. ged INTO want II they VA
nER1lY elect. term after term, 70 office men VIII
Hs Regularly aeI them out 20 the money power
II they are 10 wrapped up with political pre-
juice that tie success OF party IL nlore dear I
1hem thap the comfort, prosperity, and hapD
ness oi themselves and families Lney neTIt a
the mthfortuIes that already have betLIlen an
Aey yea IN gtore for then.