The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-06-02
THE LABOR WORLD.
THE KNleHTs ooNvENTIoN
At ClsvslAad-Ths LsEiSlatiOn they De
mApd OF COngrsss-Ths Trndss ASSEM-
blythe Meeting Of the AmAlga-
mated Association at Pillburgh.

CLEVELAND, o., June 1.-The knights o.
Labor Convention was opened at so'cloch
this morning, the first business being the
adoption Of the amended report Of the
Committee on Strikes and Boycotts. The
Executive Board must approve all future
strikes, and except in certain grievous
cases where immediate action Is necessary,
q strike or boycott will not be allowed
without their approval. An address to
the WOmRn's Christian Association was
adopted, after which the Committee ON
Legislation presented the following report,
which was adopted,
"In place al document No. II, entitled
an act fixing the measure OF value and
further regulating the value OF money,
your committee calls attention to the pa-
tition passed at the annual session held at
Hamilton in October last, embracing the
same subject, which petition was known
as document No. N, aud record OF pro.
csedings Of that session, and We urge that
said petition be presented to Congress as
there recommended, and that it also be
given to the press for publication, as we
deem this course necessary before legisla.
ton by the General Assembly on the sub.
jeCt,"
Document No. n, referred to by the
committee, is as follows, and was in.
troduCed by Representative A. 81. Low,
Of Pennsylvania;
Resolved, That the following petition be
presented To Congress; The petition OF
the members Of the Order OF knights OF
Labor OF America, through their represeA.
tatlVes In the General Assembly met at
the session at Hamilton, Ont, commenced
October 3, 1885, and attested .by their
proper officers, respectfully represent:
That your petitioners are mostly cii-
zsns oi the United States and members OF
the laboring class OF Society; that while
human labor produces ali the wealth.
those who have performed no honest
labor have amassed the most OF the
wealth, and those who have performed the
labor have least to enjoy; that We feel
this state OF things TO be largely due to
both vicious legislation and want OF proper
legislation by Congress; that the money
OF the United States OiCeTtain value, ditIers
widely in different parts Of the country at
all times, whereas, being the measure OF
commercial value, 1t should be fixed and
unVariable In value. For example, at this
time, In one part OF the country money Ia
worth only two percent interest per an.
mum, in another twelve percent, and in
another twenty percent, and ranges from
two to twenty percent throughout the
county.
That the uncertainty in the value OF
money causes distrust and uncertainty in
commercial transactions, In 80 much that
capital Is timid and labor unemployed,
and periodical paniCs occur in all business,
In consequence OF which the industrial
classes are financially ruined and the
laborers thrown out Of employment and
indescrlbable want and suffering brought
upon the masses OF people and unjust
gains are acquired by those who manipu-
late the money.
TIE NATIONAL BANKS.
Thatthe supply OF a large portion Of the
money Of the country is in the control OF
private corporations, called National Bank
ing Associations, creatures Of Congress
sional legislation, with whom private gain
Ia the only motive for supplying money to |
the people. That Is through the manipu.
lAtion Of said corporations and other
money lenders that the people suffer many |
Of the misf jftunes and grievances herein-
before mentioned and many others not |
mentioned. That the right " issue or coin |
money Is high sovereign prerogative
which ought not TO be exercised by any
but the highest power In nation, and we
view with alarm the exercise OF such pre-
rogative by private persons or corpora
ttons; and as a remedy for the evils which
we complain and for the redress Of the
grievances we suffer as herein set forth,
we pray that your honorable body will |
iulall the duties imposed on you by the |
Constitution In Section s OF Article /,
which provides that Congress shall have |
power Ito coin money and regulate the |
value thereof and Of foreign coin, aud tx |
the standard Of weights aud measure OF |
the value by establishing Just, uniform |
and unvariable rate oil interest for money
loaned. That IN order to maintain such |
scale Of interest as the normal rate, YOU |
repeal laws authorizing private persons or
corporations to issue money and in their
stead establish public loan offices through
out the country wherever needed, at
least one In every county, with proper of
hcers to perform the duties Of said Offices.
Thatthe National Governmental lend money
TO people at said offices on good and suf.
6cient security and Vt said fixed rate Of in-
terest on demand, and the profits arising
from the business OF lending said money
be covered into the public treasury for
public uses, and that said loan offices be
also made repositories for the saving Of
the people and your petitioners will ever
pray, etc.
Retolved, That the General Master Work
man shall certify duplicate copies OF the
foregoing petition TO Congress, and that
he iS requested to select the most suitable
member Of Congress and United States
Senator available, and request that they
represent said petition 10 their respective
branches oi Congress.
Representative Low, Of Pennsylvania,
then introduced bill for recommends.
ton TO Congress entitled "An Act fixing
the measure Of the value ot money" The
bill provides for the corrections OF the
abuses Get forth In document No. II, and
provided for the loauing Of money BY the
Government at 2 percent per ann1m. The
bill contained sixteen long sections.
After the adoption Of the above report
the Committee on the State Of the Order
read It's report, and the General As.
sembly took recess for dinner.
The entire afternoon was taken up In
discussing the report Of the Committee
on the State Of the Order 10 whom was
referred the troubles with the Trades
Unions. A report Of the discussion was
not given 10 the press, but II was learned
that action had been taken In the matter.
AMALsAAiArED ASSOCIATION.
The Annual ConvSntlon- Application
Of Nallsrs for ReadmlisiOnI
PirrsRuRoH, June l,-One hundred and