The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1886-10-21
THE PIRATES PLOT.
Change Alley and Wall Street
Brigands ConSpire to Rob
American Labor.
The Hazard Circular AnaIyzd in the
Light Of Subsequent Events,
The New System Of Slavery For the Toiling
Millions Of The New World.

About the middle of the present GEN.
tury Sir John Lubbock, Of England de-
clared that ''there is likely to be an
effort made by the capital class to
fasten upon the world rule through
their wealth, and by means Of reduced
wages place the masses upon footing
more degrading and dependent than
has ever been known in history. The
spirit of money worshipers seems to be
rapidly developing in this direction. -
In the summer of 1862 the money
pirates of London saw an opportunity
to extend their internal slave system
to American labor, and accordingly
embodied their scheme in a ''confiden.
tial' circular. and commissioned one
Hazard, London banker, to propa-
gate it among the American bankers.
with a view of having the finance leg
islation of congress pave the way for
its final adoption as the settled policy
of the nation.
How nearly the English plot has
been carried out let the subsequent re.
cord demonstrate:
We print the circular in full in an
other part of this issue, which should
be cut out, and preserved for future
reference.
After predicting that slavery would
be abolished and chattel slavery de-
stroyed by the war power. Mr.. Haz-
zard informs his American allies that
'.this is just what l and my European
friends are in favor of, for slavery is
but the owning Of labor, and carries
with it the care OF labor"
Slave labor was too expensive, and
it imposed too great responsibility
and care upon the owners to satisfy
their greed. What then does Mr.. Haz-
zard propose to substitute?
The European plan, led on by Eng.
land. is capital control of labor, by con-
trolling wages.
How can few money -mongers who
never employ labor control the wages
of other mems employees?
Simply by controlling the money
volume of the nation.
The slightest diminution in the vol
ume of the circulating medium de-
presses prices and wages.
The congressional monetry commits
sion in its report Up. 55) says:
The worst effect of shrinking vol
ume of money, and consequently oi
falling prices. is upon labOrers whom
it deprives Of employment and con-
signs to poverty.
This vast poverty-stricken army will
continue to increase as long as falling
prices continue.
Mr.. Hazard and his European
friends understood this, for they had
abundant experience in enriching them.
selves and enslaving all English labor
after abolishing labor ownership
through their finance policy after their
last great wars.
The great debt that the capitalists
will see to, is made out of the war,
must be used as q measure to control
the volume of money.
To accomplish this the bonds must
be used as a banking basis.
We are now waiting to get the secre.
tary of the treasury to make this re.
conlmendatiOn to congress.
This was in the fall of 1862, when
the greenbacks were becoming more
and more popular with the army and
the people, and which. under the ef.
forts of Secretary Chase. were rapidly
displaciDg bank currency. which the
secretary recommended be taxed out oi
use.
Rut the money pirates "waited" te
get the secretary to change his mind,
and before congress met in December
of that year. Mr.. Chase had turned q
financial somersault and came out in
his report with strong recommends
ton for the passage Of the national
banking act, in which he said:
The central idea of this measure il
the establishment of sound, uniform
currency throughout the country, upon
the foundation of national credit ma
tional debit, making this the settled
policy of the country.
According to the programme. sla
very was abolished by the war power
and chattel slavery destroyed Jan. l
1868. by proclamation of the president
One month after slavery wa,
abolished. John Sherman introduced