The Labor enquirer., 1884-10-04

4 to carry ON business. Since then wha'
has hapIenedi In July, 1884, there wert
lin round numbers legal tender notel
held in the treasury, $4s. 600, 900 national
bank notes. s11 1,0OO. 900; in national de-
4 positories, $l4, ,0O0, 900; withdrawn from
circulation. s125, ,oo0, 900, making . total
of $1os, 600 GOO. Deducting this from the
amount of money in circulation in
Ils78, itwodld leave all the money now
in circulation $472, ,0OO, 600. and that, ai
81, 900, 900 people, is $s.75 to man. Now
then, unless we had too much currency
lin 1878, and nobody complained ofthat-
unless it was very redundant in 1878
when we had $685.. 600, 900 for As, ,000, ,O0t
people, or $14 to man, how is it now
when we have only SAT-, ,O0o, 900 for 3d.
100000 people, and have grown richer
and have more business2 And, now
without opposing the banks or opposing
anybody, only saying that we have got
money locked up in the treasury, oul
country is burdened for the want of cir
culation, and all business menknow that
three months ago it was impossible to
get any money out of the banks or for
the banks to getsit for themselves. That
is one trouble and it is trouble whicll
ought to be changed. It is q trouble
/ -. =
which had the honor to predict in 1868
and 1870, and my speeches are upon
record upon that subject, and ] advised
means of getting this money out of the
treasury. The difficulty is9we have got
a surplus IN there, and we cannot get it
out. That is our currency. When we
were 4S,OOO,000 people, the boy Of 16, we
will say, six years afterward, his clothes
having diminished nearly one half, we
make them fit the man of %. and the
pantaleons are little stretched, Laugh
ter and applause.] That is all. There
| is no witchefy about this. 1t is a plain,
common-sense, business proposition, for
I came here to talk business politics.
Now then, my friends, there is another
trouble, and that is the condition of the
railroads and the discrlm mating rates of
| freight. The railroads are encumbered
with debt You don't know much about
| it here. One railroad in that county |
spoke of l could build for $4,000 a mile
and equip it as well as it is equipped now ;
and yet that railroad is mortgaged for
$54 900 mile. Not only that, but the
government gave grant OF land ten
miles wide 10 build it on. Who has got
that odd s65,OOO? Whoever has, we
have cot to pay freight and passenger
rates To pay the interest on those mort
cages and make dividend on the stock.
Is it any wonder that we are burdened? !?
The republican party, | am sorry to say,
is responsible for all this, and the mo-
nopolists control the old parties, in every
political contest. You hear of one mans
fgiving SO much, and how much such an
other man will give. Give for what?
Did you ever know a very rich man
give money for nothing? ! never did.
EGreat laughter and applause No man
does it. They give it in order to hold
the control of the party, and they are re-
sponsible for that condition of things,
and therefore ] cannot support them.
[Applause.l -
Then there is the other great trouble
to contend with in the competition of
our labor with the old slave labor of the
south, When spoke of this at Lowell
the other night I was taken up by news
papers. Why, they said if those men
down there are not satisfied with their
wages, why don't they emigrate to the
north? Oh! yes, live on half what we
do and then have plenty for railroad
fare to emigrate with. They can't.
Laughter Why don't the miners in
Pennsylvania get away? Why don't the
/ miners in Ohio leave together for some
! where else when they have succeeded in
importing Italians and Hungarians who
do their work for 60 cents day? They
can't get away. That's what's the matter
| What we have got to do in this contest
is to do our best to secure equal powers
and privileges for the people. 1 don't
care for names much myself, nor for par,
ties. l have been in most OF them. u
changed them occasionally. But / have
been running for president now forsome
months and nobody has ever said that
changedmy principles. EGreat atapplause.-
1 have made speeches upon every plat
form in the United States for forty years
The record is open to everybody, ane
nobody can bring against me to-day wha
I said Yesterday. or last year OF. ten year.
ago as different from what 1 say now
TGreat apl lause.1 They do everything
but that, and call me hard names instead
| [Laughter.] -:
As a remedy for the evils which
} have shown you, I can only urge th'
people to stand together for their right
in the coming election, and foronce max,
their strength felt. If this is done W
shall yet bring back the country into tn
n condition into which it was when ou
fathers left it, and we shall. have equa
, rights, equal privileges, and equal power
at last for all men. [Great applause.
5 After his speech here General Butle
, made an address to the same effect il
i the Coliseum. while Mr., Grady took hi
place in Music hall. General Butler wa
: | ahoorod 70 the echn and Mr. Grady wa