Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1879-08-08

Greenback party, read his views. The pres
ent depression, he believed, resulted from
oyer-innation and speculation, and then TO a
sudden contraction, The shylocks had all the
money, and they demanded exorbitant rates
OF interest for It, He severely denounced
Secretary Sherman and the Republican party.
There was no such thing possible as over-prO.
duction. The Government should, like France,
employ idle labor in public works. Manu-
facturers are hard-hearted and selfish, and re-
gardless of the condition of labor. Eight
hours was long enough day. He didn't be-
lteve In violence or disorder, but did believe
in justice.
John d. Kedsie thought the depression
which covered the whole world had a two fold
cause. The first Tevulsion resulted from the
era of Indebtedness and speculation that OBJ
tained up to 1873, and the second from the
demOnetizatiOn OF silver by all countries OF
the world about the same time. This latter
was the principal cause. France alone
didn't demonetize, and France alone has
been prosperous, as we are now getting
TO be under the prospect Of a dbuble
standard. He opposed income tax, regarding
it as unfair to tax a mans property, and then
compel him to pay second tax out of the
residue.
Judge Van II. Higgins held that the trouble
is caused by lack of currency to compensate
labor.
In the evening r. d. Streetor, in behalf of
the trade and labor councils of the city, sub
mitted statistics as to labor, wages, expenses,
etc, of the worlxingmen in Chicago, This
showed the general average of their earnings
weekly to be IS 6S per person; actual earn
ings per year, 1914; reduction in wages since
1872 per person, 80 7-10 per cent average to-
tai cost of living, $445.5S. This would allow
each person per day for food, ID cents; cloth
ing 3-5; fuel, / As; rent, 4; recreation,
Ito; education, 3.5; total, % cents. Other
workingmen gave their views.
CHICAGO, July 80.
The Congressional Labor Committee heard
the views of some prominent Socialists. James
Taylor, author Of "American Currency and
other books, regarded contraction as the un-
doubted cause of the hard times in this as in
every other nation. He suggested as a
remedy to depression, that we substitute
National security for private credit. ID, X.
Sperry, iron founder, of Batavia, considered
convict labor one cause of the depression. He
would have Congress pass law requiring con-
vict-made articles to be stamped "convictn
j. t. Morgan, chairman of the Socialist
Committee, appointed to voice their views,
denied that the Socialists were the incendary
and bloodthirsty lot the press reported them to
be. A Socialistwas man who had studied the
problems of society with the view to regulat-
ing its ills. Education should be general, not
local. There should be National bureau of
labor statistics, child labor should be abolished
and the eight hour system be instituted. The
Government should regulate and run things
for the people at cost. Schilling and McAulffT
noted Socialists, also talked at some length.
CHICAGO, July 81.
The Congressional Labor Committee to-day
heard large amount of testimony which was
very contradictory as to the remedy for the
existing evils. One of the witnesses was fe.
male member of working union, who made
speech at some length, giving her views on
finance, labor and capital. The general senti-
meDt of those witnesses not identified with
the Socialistic Labor party and opinions was
that the times are now pretty go5d, are grow
ing better daily, and promise prosperous fu-
ture.
CHICAGO. August l.
The Congressional Labor Committee to-day
heard William Stewart, wholesale grocer He
thought the country was in fine condition,
and especially the Northwest. He thought
The only thing that would hinder the pros
perity of the country was abundant money.
Chairman Wright.-Don't you know $400,-
5000 are locked up in the United States
Treasury!
Answer-I know that If the gold was not
locked up in the Treasury to secure them,
greenbacks would not now be floating around
at par. He believed in contracting the fcti-
tiOus money of the country and in letting out
the real money, gold and silver.
Mr.. q. W. Potter, President of the North
Chicago Rolling Mills, reported business very
prosperous with 1900 men employed, ana he
looked for better prices for labor and product
within year. Prison labor was an execrable
system. He thought the President did right
to veto the anti-Chinese bill, because it vio-
lated a treaty, but he favored prohibiting the
Chinese.
The committee meet in Omaha, and thence
90 to San Francisco