The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-09-06
we denonnce the irrenressible conflict

we denounce the irrepressible conflict
as needless and unholy =
There should be no conflict or mis-
understanding between the rich and
the poor. Capital and labor are mu-
tually dependent factors in our ma
tional prosperity. AS we'll may the
foot say to the hand, or the hand to A
the foot. Il have no need OF thee, as q
for capital and labor to strive with z
each other. From an infinite variety
Of natural causes. differences in the
conditions Of men will exist in every
state of society and under every form :
! of government. If this is an evil, it is
| incident to human society and must
be tolerated. But whenever the rich ,
combine to rob the poor and use their
power and money to dictate legisla-
ton to aid them in their robbery, it is
the duty of the producing classes to
use every means within their reach to
resist their plunderers and oppressors.
| regard this principle as fuudamen-
tai that every human being is entitled
to all the product OF his unasslsted la
Dor. except such pittance as govern
ment may properly claim for the pro-
lection it affords Jim. in maintaining
his personal liberty. security. and 9TH
, er rights. absolute and relative.
AS labor without adventurous aids
must work to great disadvantage,
:, because capital is required to make
labor effective. it is just and right
; that a fair interest or rent should be |
I allowed bv the worker for the use of |
the capital furnished. Thence it fol- |
lows that the rate of interest or rent
of capital is the rule of distribution
Z &C. ;>;, Of COY
. labor. determining how much shall go
. to each. If the rate of interest is
I high and capital scarce. the amout ac-
! corded to labor will be small.
1t is a fact, within the knowledge Of
{ all. that when money is abundant and
& cheap the working classes are most
; fully and proftably employed. They
. are able then to supply themselves
most amply with the necessaries and
y luNuries of life. They become large
III consumers of the products OF the la
u Dor of others. and thus enforced idle
- ness would be unknown in any depart
g ment of useful industry.
&c Cheap capital is absolutely necessary
L if labor is remunerative. So long as
capital will yield greater dividends IN
- stock and bond-jobbing operations. 1T
IL will not seek investments in produc-
- tive enterprises which employ labor
d, O., and create wealth. Senator Wade, OF
III !, Ohio. wisely remarked that 1.-the great
'ir problem of the age is to determine
VI how the Joint earnings OF capital and
labor can be equitably divided be-
81 tween capital and labor. TO deter
iio mine this question it is important to
'ao know what are the accretlOns to ma
~ tional wealth by the combination OF
seO the two factors. 1t will he found that
w VI, for more than a half century the III
:, III crease of wealth in this country has
ny been steadily about three per cent PEI
~ annum compounded. IT this is al
lol that both earn, by what rule in arlth
p1 metic or political economy or moral
3eu can six per cent be paid to capital, o
eis four per cent exempt from taxation ID
W allowed on government bonds! Sucl
-, an allowance must necessarily paupe1
Wy ize the working classes. and make tn
rich fewer and more opulent.
Nel Dear money and cheap labor antag
; ~ oniZes well-paid labor and chea
Ten money. The former is the object 0
the mOnied class: the latter Is tn
III absolute need of the producing class
III To secure the former the contractio
mn IL and resumption policy Of the govern
Il oi ment was inaugurated; to obtain tn
'Ih- latter there should be earnest and un
.aA ted action by the masses. the CO.
ing traction Of the circulating mediul
Tue reduces the commercial values OF !
81 Dor and of all property real and perso
'lio al. but it appreciates in like ratio ii
t' !l purchasing power Of bonds and none
iiiii- and increases the burdens of debts al
s O. taxes.
1oI For instance. a mechanic i'll Is
Is of ,ai.a.lI I,;,osolf a home nayine o,
ne thousand dollars down and giving h
III. note and a mortgage for one thousal
u a' more. He was then getting four dt
lars a dav for his labor. and hispurcha
was then fair one. The note al
z. mortgage become due. In t
meantime ny the contraction OF t
circulation he is able only to reall
two dollars per day. and his proper
has shrank in like proportion. bel
now dear at one thousand dollars. I
me bondholder and money lender can M
hire two men and buy two such HON
as his. with the same amount of mon
because their means have been dOu d
in their purchasing power, while
have diminished one-half
Elf of If debts and taxes and the cost
t my living. could be scaled down in p
ough portion to mems diminished resOurt
-edly to meet them. it would not work
RID. much injustice to labor and busin
-oted capital.
ople. Here is the needless and unht
lities irrepressible conflict 1t has be
ling inaugurated by the greedy and ia
istin- cious money power. If the staryi
for a millions of workingmen. themannf
ID of turers. the merchants. the owners
f the railroad stocks. and all others "
idson have their investments in product
ODER. industry. do not unite and resist
encroachments. the legalized robp
hOur les. they deserve to be slaves.
1ture The ballot box is yet open. anu i
N the vet free. Here is the place to secl