The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-08-06
TIE LABOR INVESTIGATION.
Yarloun Vtewa nf YnrInus parsnns.

New YORK. Aug. 5.-The Congressional
labor Investigation committee resumed their
duties to-day. There was the usual gather
ing Of persons full Of theories for the benefit
OF mankind in general and workingmsn in
particular. Owing to the absence OF two
members the committee ordered o recess to
be taken to-morrow to an early day-to-day
and tomorrow to be devoted to hearing vol
unteers, but after the recess the committee
invite business men. bankers. merchants and
| representative men TO oppear before them.
Mr. Hastings proposed to show that the
locking up Of money and gold and creating Il
gold premium destroyed, but could not fell
the amount Of gold produced in this country
yearly. He was not posted, and was request
cd to retire.
J. P O'Grady, who represented the dry
goods statesmen and the shoe trade, had Il
statement two inches thick. but declined to
submit it briefly and sat down.
Maurice Cohen formerly 8 manufacturer Of
clocks, said the large manufacturers crowded
him out and were crowding out all small
dealers. He requested the committee to at
tend to these matters.
Alex. b. Robb said God would hold tho
committee responsible for every hungry
stomach and naked back In the land. His
theories were laughed at.
Mr.. Graham, secretary Of the Working
mems Union, believed In the greatest good
for the greatest number He denouuces mo-
nopolies and high prices. He said our ship
ping was being driven off the seas by foreign
steamers, and he would tax those steamers in
favor Of freight
At the request Of Mr.. Hewitt. Mr.. Marshall.
one OF the largest ship-owners. gave his views.
he wanted no protection against foreign
steamers.
Mr.. Shopperd. OF the National Reform Asso-
eiaton, said he would suggest as q remedy
for the present depression, some action like
Sir Robert Peel adopted thirty-tive years ago,
take part of the load off the working people
and put, 1t, on the aristocracy or wealty.
Shepperti declared it was the increase OF the
income tax IN France that enabled it SO soon
to get through their troubles after the war.
Mr., Shepherd said he believed the resump-
tiOn act was an entire mistake, and that re-
dsmDtion OF notes should be- brought about by
vigorous taxation. Excessive issue Of ire
deem it, is the cause Of all the depression, He
would put taxes on wealth and revenue and
take them from industry. Long inquiry was
made into Mr.. Sheperds views on the bond
system and the tax system, but nothing new
was elected HE believed that national banks
should be woiind up, and national currency or
greenbacks substituted for their notes. He
thought the cry Of purchasing all the United
States bonds by issuing 100000, 900 Of green
backs was like the cry Of q man In delirium
tremens calling for more rum He did not
believe in the government buying up all rail
roads, but he would have the government in
vestigate and examine into them, and prevent
the watering of their stock, thus evading tax
alton,
Wesley ". Pasko, publisher, was the next
Witness. He thought the depression was due
to the absorption OF capital during the war
and the loss Of labor. He did not think the
currency had anything to do with the depres-
sion, for the character Of the currency did not
matter, If it was taken as money. IMPROVE
dent men had suffered from reckless eEtrava-
gance arising from Flush" times. He thought
there were too many laws mostly to be put
back in the same place next session. He
cited the postoffice law on third class matter
passing through the mails. He was In favor
Of issuing United States bills Of small denon-
nations, SO as to make loans popular. He be-
lieved in more economy in the government;
that smaller salaries should be paid, and that
the government should not put UP expensive
buildings. He believed that the United States
government was better served In it's works
than State governments.
The committee then adjourned until to-mor
row,