The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1880-07-09

oeh eaNefs Letter OF Acceptance,
CHICAGO, July 2-Gen. J. B. Weaver
Grecnback candidate for president, ha:
writtei'r long letter of acceptance, in
which he expresses his qualification al
the honor conferred upon him, and &C
cepts the nomination as a solemn duty
He then says:
Our party hath this significance, il is
a great labor movement, composed oil
earnest people, who earn their bread by
honest toll, whether of hand, head OF
heart, and who depend for life upon
| the various departments of human toll,
so will every part of the society feel the
| vivacious influence of the grand achieve
ments of our organization; that to be
just in the future, for when labor is
| prosperous every other clement of sOcie
~ feels the impetus of vigorous life.
| The three great political parties have
each selected their candidates. and made
| formal declaration of their PRINCIPLES.
| 1t is now the high duty of every CITIZEN
of the United States 10 judge between
them, and alter careful inquiry into the
aims and purposes of each, to determine
the organization which duty calls him 10
act The admirable platform adopted by
| the convention meets my cordial aD-
! prevail 1t is comprehensive. rea-
aonable and progressive, containing
these principles of economy
| and reform So essential 10 the
liberty and prosperity of the whole PEG
PIE. Ii being the duty of man 10 earn
his bread by the sweat of his face, il lie
comes the first duty of civil government
TO foster industry all laws, therefore,
which place "a premium on idleness,
whether men or money, unjuslly dis
crimlnate i'll favor of capital, or with
hold from honest men the full and Just
award of their labor, are simply mon
stTous. Capital should bc the servant of
labor rather than its master. This great
truth can Fever be realized until there is
an adequate circulating medium, mas
much as this circulating medium is for
the benefit of all its issues, and the
volume should be sacrcdly kept under
the control of the general government
without intervention of banking cor
poratIons. All money, whether gold.
silver or paper, should be issued by the
supreme authority of the nation, and be
made full legal tender in payment of
all debts, public and private. The sys-
TEN which now prevails gives into the
hands Of the banking corporations -abso-
lutte control over the volume of the cur
rcncy, and though they have the power
TO fix the price of labor and property of
fifty millions of people by provisions
of the law, the method is clearly defined
whether they may without limit initiate
or contract the currency, will cOgnate
10 this, and as il part of the scheme
stands the system of funding the pub
lie debt. This was borrowed from the
English monarchy. BY this system an
enormous non taxable, Understanding
debt Is To be perpetual, with bonds which
support the banks. And the banks foster.
the public debt, for if you pay oil the
bonds the banks must cease TO exist
hence, if the national banks are to con
tInue, we must have a perpetual debt.
Both patriotism and sound statesman
ship loudly call for the abolition of
banks of issue and the substitution of le-
gal tender treasury notes for their circu-
latiOn. Pay the bonds according IL con
tract, and as rapidly as possible seven
hundred millions of the public debt be
come rcdeenIable ut the option of the
government during this and the ensuing
year. Two funding bills are now pend
ing before congress. one introduced by
the Democratic and the other by the Re
publican leaders of the house, whereby
ii is proposed TO deprive the people for
twenty and thirty years of the lawful
right 10 pay said bonds. This is acrims
against the laborcr and tax payer, and
should cause widespread alarm among
all classes. The annual surplus revenues
and idle coin now in the Treasury and
that which must continue TO accumulate
If the silver law approved February %,
1879, shall be honestly enforced are able
TO pay every dollar of the seven hundred
million, both principal and interest.
Within the next six years there is not
the slightest eXcause for funding these
bonds except to purchase the debt as
the basis OF an iniquitous banking mon
Il 10, Ill al.
great monied institutions and other cor
poratiOns now have control of near
every department of the govern
ment, and are fast swallowing up
the profits of labor and reducing the peO-
pie 20 Il condition of vlssalage and de
Pepdence These -nnnopolies, of what
ever class, headed by associated
banks, are interdicted in purpose,
and always act in the closest sympathy.
There are three great individual classes
in all: First, the producers; second,
those who manufacture our raw materi-
ais and prepare them for use; third, the
distributors Of these productions-each
should be protected in the legitimate
fruits and profits of their labor, but
should not be permitted TO eXtort from
and enslavc the others. The great prob
lem of ouI civilization is how to bring
producers and consumers together. This
can only be done by providing an ade-
quate circulating medium, and by the
regulation of our international COM
merce and transportation. This was
wisely forrscen by the trainers of the
constitution, and accordingly by the
eighth section of article first, congress is
clothed with the power to regulate COM
mcrce with foreign nations, and among
the states this power imposes IA CORES
pOnding duty upon congress to see it en-
forced. The two great agents of COM
merce are money and transportation. 1t
is undcnIable that both of these agents
are under the absolute control of monop-
OlIes. By controlling the volume of
money, the banks fix the price of labor
and property and railroads, by cOmbi-
nation, render competition impossible,
and control absolutely the price of trans
portatlon. This places the people be-
tween the upper and neither millstones
and grlnds them TO poverty and ruin; it
results in the wholesale robbery of both
the producer and consumer. Who is
able to controyert this stubborn fact?
Farmers, planters and laboring men
of the United States, | beseech you to
open your eyes at once 10 this alarming
condition of things.