, 1879-06-17

VIZ 4"oo1a u 0feIf 4uh@3 - A'A ste'o"'s" "-
occupations, and tho hopes ana lnteresss OF |
n'l lnvo boon directsl to tho end of placing |
American productions on firm and cub
atantia1 footing, aud giving to labor tl'o !
largest remunoratiro employment. Previous
to tho collapse such waa tho imitation aud |
fiction In prices that American mechanical |
lnbor was n1moas cut of from Nil exchange
with tho rest Of tho world. Tho cost Of liy. |
Ing WIS 20 erent mud tho coat Of production
SO high that wo couil not nfford to sell to
tho world at tho worlds prices, md tho world |
refused to purchase at Our dear ratea. ~
laat game tho panic and the collapse Of tho
intlatcl balloon. pricos OF products 'a'st'
wngca Of labor havo gradually rccedetl.
until thoy ronchod something like level
with the worlds prioos. Throughout
this subsiding period there waa loliaclous
resistance ngainet reduction Of waseB, mil
thu labor market was conynlsod with strikes
and lackonts, and teis Of thousands Of work.
mon Lost tho'r situations by their strikes or
by o1ac,ing too high wages, until their om.
ploycrs wcra ruined md forced into tanh-
r,,ptey. Much Of tho .lolny in tho recovery
from tho panic has boen duo to tho fofnsnt
Of journoymon to work for tho wages their
employers could afford to pay, and live at
thoir business. j.. -
At last thora ara signs Of: recovery; en-
ployors find they cau produce at'a cost which
| permits thom 10 soil without loss; tho bot.
tom OF tho falling market has beon roaohed
mills are rcoponing ,nihos ars being put ut
work furnaces aro relighted; Btuam mn
cl,insry is set In motion, aud labor Is again
in somo demand. Slowly, but surely, tia
revivnl of Industry 11as taken place. Each
| t1ay soos more id1o mon offered employment.
The Increased aggregate Of wages has crcntod
increased consumption OF goods. calling for
| increased production and 1abof. Just ma
tho wheels Of industry aro fairly boing put
In motion to supply TINT tra1o which fol-
lows tho low, cost Of production, and Just as
tho country is about 10 enter on IN ora OF
general prosperity such as 1t has not rocohtly
enjoyed, there rises thi8 iusono acbems to
derango industry by making demands i'm
possible to comply with, a,--dolnanas which, i
complied with, would holp nobody, bnt ]'arrn
every ono, ~ it would result in producing
tlcar goods, cutting down consumption, re"
duuing exports OF American goods aill tn"
croasing imports of foro,gn manufactures,
and throwing tho balance of tratlo ngainst
this country mud enormous nutnborB Of ulon
ont Of work. The striking fools would ,bo
hoist by thoir own eight-hour potnrd. "
Tho experience of the past ought to bo
sufficient To induce men to discard seutl-
montal bosh, mud look nt tho hnrd reality.
Human labor is not tho only agent OF prolnc-
ton. 9toa1n power ind machiuory, tools,
buildings, and othor appliances aro ongagel
in production. The reduction of human
1nbor by two hours day involves tho sus-
pension OF mighty atcam power and of nil
these other agonts for thu same length Of
time. Tho demand that eight hours shall be
compensated ut the rato patd for ton hours is
really demand TINT tho cost Of every pro-
tluction shall DO increased .a5 ror cent; that
tho lnbor and product Of all 1nachjuory for
two hours encl, t1ny shalt bo ssopped that
everything produced shalt bo put on the
market with 70 per cent added to ita cost
aud TINT tho vast agricultural class, and MI
otlot classes, sha1l pay this 81 por cont atldi,
tional 10 cover tho c1panso Of lille machinery
: aud unemployed labor.
Z Do tue lAbor de1nagoEuos who tins pro
: pose to arrost tho reoovory iu National in
dus'ry' NJ" ~ lar progress hot Know saas
5 overy cent aasao' 20 ''lo oos' u Ptoauouo1
d'msnishos the anto "''u tue co,Hu'np''ou ~
tho products Of labor? And TINT, oyon If tht
individual gsts !soroafter far aiglt hours labo
: the aau,e number Of dollars TINT ho 60
t Tor ton hours no VIII naVa 10 pny :out o
= hla wages 20 per oene m efo lor all 'n"s II
: has 70 ouy'-'hnt "oat.o, ooinB noeauo y
II pay ior 1no re'''ctlnn III .ae no.'s u l'soauo
Q taons II IL son-oV'oohs 1s"1n 10 1enecs
: ing mon tnAs sno e'sat-oooe po'loy 1au
:, nothing to tl1o "otaa' income OF tno wofS
i mnn; It, howosor' aa1s TO .no oosI OF pro
duction tho "a por cent l'a'a 1of Tue nonf
+ OF noa-l'roduot'on' ano theFony p'aceS US F."
r II torrln'o dlsaaSahtage Will oo1npenn
10 natlons. Iho amount OF waeos pa'a OF
o will In no case 10 1ooseaSea; a
la thnt lit ACCOMPLISHED Ii to t11lC6 fAH amour