The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1877-07-28

Terts FOR the People.

RWruNRuy
bill for the payment of the o 20 bonds, the
Question was expressly asked if the chairman
\ rel the Committee of Ways and Means, and %
e4r-essly answered BY him, that only
she less-est was payable in coin THAI
IF tho bon6'aolder refuses 10 take the
same kind OF moneg with which ne bought
the honda, no y nm extOftioner and robber"
John Sherman.
ave should 10 foul injustice 70 the Gov
eminent and the people Of the United States
after we have sold these bonds on an average
for not more than sixty cents on the dollar,
row to propose 10 makea new contract for
the benefit OF the holdcrn 20. p. Morton.
"While our present monetary system,
which In q shameless fraud, continues. the
poor man will become poorer, while fraudul-
emit money brokers and bank note nMnipulnp
tors will absorbe the produces Of labor. -.
Hughes, OF Pennsylvania -
81 am convinced that when y true Ameri-
can system of finance ia adopted, WHICH hall
put all that eirculates as money entirely ana
exclusively under the control Of the Govern.
ment, making it receivable for all dues and
debts, employment for all the workb classes,
and prosperity for the whole country will be
natural and permanent. Peter Cooper.
when the country will realize the glories
of gold basis and learn " hat is meant bv
irredeemable trash, the fallacy and cheat Of
a gold basis, will have been demonstrated
for the thousAndth time.-Samuel +. Cary
'The gold gamblers have manipulated Con-
gress SO as to dIscredit its own paper, that
they might swindle the people. They 40
complished that end, and now thew would
destroy the money of the people that they
might largely appreciate their il-gotton
gains. -Thaddeus Stevens.
"'Exhorbitant rent commonly called inter.
est is silently but surely desouring the sub
stance of the people. Peter Cooper
President Hayes salary is paid in green
backs, so is Governor RObinson's. Wbv
then, should we pay gold to the bondholder.
seeing that the bondholder lent greenbacks
TO the government and not gold. Richard
Mon gomery Griffin.
"No single interest touches the domestic
comfort and prosperity Of the people a. this
one Of the currency, and in the present con
dition Of the country none Is Of such imme-
date Importance, or calls for more immediate
solution. To put off this question, therefore.
with vague expressions Of reform, and the
desireableness of specie payments,' ia to IT,
more the ruhrg interest Of the hour. 1t in 70
surrender the people to their sufferings with
out any promise OF remedy. Peter Cooper
''The people are the sovereign power, and
no man can question their right Through
| Congressl to make az much Of the medium III
exchange money as will be necessary for the
wants Of trade. Paper money is better than
either gold or silver, as its volume cannot be
contracted by using it az merchandise. -John
Magwire, Of st. Louis.
That millions Of people should be idle.
and in many cases absolutely starving, not
because there il no work to do, but because
there is no medium Of exchange, is disgrace
to our governmental New Y ork Mechanic
money should be a thing OF or belonging
to the country. An exportable commodity
is not fitted to be money. And nothing coald
be more monstrous than England's principle.
Iciio~ec BY the tinted ctates, Of forcing
L. 20 ~ buyers Of gold; and making tAeir
POSsosS'ol vi 'ld-one Of the sacreleBg arti-
eies IN the woIld-the canditiDn of being
aDle TO furnish themselves uuial bread and
clothing. Isaac Buchanan, OF Canada.
The amounts Of money needed in conn.
try should be deternined by the wants " The
people, and can only be done by a national
paper money-Henry Carey Baird"
The hindest ignorance regarding the
financial history and status Of the world Dra-
walls amongst all classes, and il taught IN am
coueges, and Is most conspicuously manifest
ed IN the law-making and executive denart.
ments OF our Government. We propose !
patlonal currency to consist wholly Of green
backs, to be entirely controlled b. the peo-
pies representatives, and thus to be abso-
lutely beyond the control or -ihuence of spec
nlators in gold.-Sydnev Myers, of Chicago.
"What is 4goyerument good for, if in such
a country ss this, with all its material re-
sources ard vast extent, it cannot prevent
L. &c Go w,nar,lo from the j.
want sf work and OF bread. lis seems N,
me the first duty of goverrnent. Peter
cooper.
~ Z boast a having liberusd four miII,on.
u slaves True we have IA ckan the sbacL-
~ from the former bondpsn, and brcugbt
all Ia.Sosers to a common lgBl Apt nea.~a.
much by eIevatlng-Sh former slmpe a. by re-
ducing the whole working population 70 q
state Of practical serfdom. While Boosting
OF our noble deeds we are careful TO conceal
the ugly fact that by our iniquitous monetary
system we have practically nationalized \
system of oppression which, though more re-
tined, is only less cruel than the old system
Of chattel slavery. Alexander Campbell.
Of Illinois
Foreign debt, carrying gold interest, is
what is crushing the hearts and hopes OF
the laboriDg peqnAn q our country. 1t il
that ndebtedne Hh ~ filing our aims
houses with SKIN mHuhAnlcs. and stripping
TIE thrifty labOrer Of his earnings "-Jadge
Kelly
Gold and silver are not instrinsicalIy az
equal value with iron. Their value rests
ny IN the estimation they happen 70 be in
among the generality Of nations. Paoer
money has great advantages over cold MA
silver, as it Is not likely TO have its value re-
duced by expectation. Benjamin Franklin.
However fertile . country may be, interest,"
even at twOper cent. Will inevitably opDresa
the producers. Edward Kellogg.
Bank paper mast be Suppressed and ~
circulation Esntersa " w nelIHR. u wh "A.
III r1Rhfnny SulaMkH ~ sssxane4 y sffhrs.n. w y,
The qusstisn y not hetwss. eoia and ~.
per currency. II is between . paper curren.
cy issued directly BY the peoples agent, and
mace redeemAble in government bonds. ana
paper currency issued by . class. ana tbeo-
retlcally redeemable in gold, but practically
redeemADle IN nothing. Sydney Myers.
''One great pur pose Of the money power,
who have brought about contraction. IL N
control the mass OF the people, that thev
may further enrich Themselves. aud nnnd.r
I to their lust Of power. Further ;,DTorsr;.h.
ment may render further resistance Lo,,.Iaa.
and they who would be free from this' s-rss;
money despOtism must strike the blow * s5fc
It " too late. r. Hugses, Of Per nsyiY Ania.
II look upon this eontey' Tthe TiscRssion
in Congress as to whether ths anse sese on the
public debt should be paid W :sreel backs or
gOldl as contest Aeswsen the euTb-stopc
brokers, the jew broke6 the mo -ey chang
ers, the men who speculate in stocks. and the
productive toiling men Of our country
henry Wilson.
The London Mining Journal advocates
the use Of telephones in mines. Should
an accident occur the prompt notification
and it, nature to those It the surface right
many lives and much property.