The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-10-10
STEWART L. WOODFORD'S AD-
DRESS.
LABOR, WAGES AND MONEY.

LABOR, WAGES AND MONEY.
The following very able address as
made at the Academy of Music, Mil
Waukee on the evening of the I'd inst,
OH Labor, wages and money, by Hon.
Stewart l.. Wooodford, of New York,
as reported by the Milwaukee Sentinel.
After his introduction, by Mr.. Nc
Laren, of the Republican Club, MI,
Woodford began:
Through all the country men are. de-
batting questions of labor, wages and
money. The questions are Ii, re, and
must be answered. Parties did no.
make them; parties cannot get away
from them. They face the poor man
who seeks work that he may have
| bread; they face the farmer, with fields
to till and crops to sell they face every
{ man who has saved, and to-day possess
es something from what he earned yes
terday.
Thus all men who are willing to
work and mean to be honest have equa
interest i'll giving to these questions OF
labor and wages answers that shall be
wise and just.
| The interest of the willing laborel
and the honest capitalist are and musi
be precisely the same. Labor and cap
ital are not, as denagogues falsely
teach, natural enemies. They are, ano
always must be, partners ia production
and trade. They should be friends
/ The laborer with a dollar IN the say.
ings bank has the same interest in
keeping the National credit good that
| the bank director has. Both are bond.
i holders. The mechanic who earns d
dollar has the same interest in having
a sound currency that the money lend.
er has. Both are bill-holders. You
can not rob the one without robbine
the other.
Here, MI. Woodford gave a lengthy
history of money and it's value, show
ing how and why gold and silver had
always been and always would be the
money Of the world. Then he spoke
of the troubles of France with paper
of various kinds, and the money of the
revolution, which had been repndiated
| Our people stand to-day where the
roads part. These roads are only two.
One Oh the other we must take. To gu
back and to stand still are now alike
impossible. m
We must either go forward to per-
manent specie resumption, or we shall
go forward to an irredeemable paper
currency. Specie resumption can, with
honest and wise methods of business.
bepermanent. An irredeemable paper
currency can not be made permanent.
The wit of man has never yet devised
any way OF making something out of
nothing.
A promise made with the avowal
that it is never to be kept is always a
lie. Irredeemable paper is such a
promise. 1t has no value when made /:
it Will have no value when broken. 1t
is falsehood from the time it is print
ed until its circulation ends. Its issue
begins by discrediting itself. If it gets
circulation it compels imitation. It will
inevitably end in population. This is
the absolute teaching of common sense.
This is the uniform teaching of histo-
~.
Because the way of resumption is
the way Of health, life and prosperity
let me beg you to keep steadily and res
olutely therein. Because the way of
imitation is the way of speculation
gambling, reputation and bankruptcy
let me plead with you to turn from it
as from the forbidden path.
These are very plain, direct words.
You Justly ask my reasons. Let me
give them as briefly and simply as I
can. | do not care to beat about the
bush, nor to attempt to confuse.
THE REAL ISSUE OF THIS CANVASS.
|. Permanent specie resumption
means general popular honesty. indus
try, economy, and, therefore, it means
at the last general prosperity.
2. The continued use of an irredeem-
able paper currency inevitably means
first, imitation; then reckless specu-
latlon; then disaster; and at the last