Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1886-06-02
KNIGHTS OF LABOR IN SESSION
Work Of the General Assembly Pro.
crossing Smoothly In
Cleveland.
Instructions to the Jury Trying the
Case of Maxwell-The Jury to
Get the Case Monday.
Another Rape Fiend Hanged-San Fran.
clscO's COOlie Slaves Advertised
BY Their Champion.

| CLEVELAND, June lat the Knights .'Of
Labor Convention this morning the first
business was the adoption Of the amended
report OF the committee on strikes and boy
colts. The Executive Board must approve
all future strikes and except in certain
grievous cases where immediate action is
necessary. the strike or boycott will not be
allowed without their approval.
An address to the Women's Christian
Union was adopeed after which the COM
mittee on legislation presented a report
recommending that 81 petition be sent to
Congress to fix the measure Of value and
regulate the value of money. Adopted.
The petition charges the prevailing dullness
of the business OF the country is largely
due to both vicious legislation and want OF
legislation by Congress; that the money OF
the United States is of uncertain valne,
differing widely in different parts Of the
country at different times, whereas. being q
measure of
- COMMERCIAL VALUE,
it should be fixed and ~immovable in value.
For example, at this time in o;e part OF
the country money is worth only 2 per
SSAes Pa AAA III AhoSAVA hAAA
in another 20, and ranges from 2 to 20
per cent. throughout; that the uncer-
tainty in the value OF money causes dis
trust and uncertainty in all transactions
insomuch that capital, time and labor
are unemployed, and periodical panics
occur in all business, and i'll consequence
cf which the industrial classes are finan-
cially ruined, ani laborers are thrown out
OF employment. and indescribable want
and suffering are brought upon the masses
of the people. and unjust gains are
money; that the supply OF a large portion
OF the money of the country is in the con-
troll OF private corporations called
'NA1IoSAL BANKING ASSOCIATIONS"
the creators of Congressional legislation
whom private gain is the only motive
for supplying money to the people; that it
corporations and other money-lenders that
the people suffer many Of the misfortunes
and grievances hereinbefore mentioned, and
many others not mentioned; that the
to issue or coin money is q high SOW
ereign prerogative. which ought not to
be exercised, but by the highest
power in the Nation and we view
with alarm the exercise OF such a preroga-
tive by private persons or corporations.
As a remedy for the evils Of which we com
plain and for redress and grievances we
as herein set forth, We pray that
honorable body will fill the duties
imposed on you by the Constitution, in Sec
ion 8 OF article 1, which provides that
Congress shall have
POWER TO COIN MONEY
md regulate the value thereof, and foreign
;oin, and fix the standard of weights aud
thatryou fix a measure of value
~ establishing a just, uniform and %unvari-
rate OF interest on money loaned; that
n order to maintain such rates of int rest
IS a nominal rate you repeal all laws au-
horizin private persons or corporations
issue money, and in their stead establish
loan offices throughout the country,
With proper officers to perform the duties
said Offices; hat the National Govern
nent lend money to the people at said
'ffices on good and sufficient security and
N a fixed rate OF interest on demand, and
hat the profits arising from the bust
less OF lending said money be converted
nto a public treasury for public uses; and
hat said loan offices be also made depos-
tories for the savings OF th- people. l,
OTHER RECOMMENDATIONS.
Representative Low, OF Pennsylvania,
hen introduced a bill for Recommendations
0 Congress entitled IAN Act fixing the
MEASURE OF value aud further regulating
value Of money" The hill provided
the ~loaning OF money by the Govern
len at 3 per cent. per anIuin and con-
aimed sixteen long sec ions. |,
Al the adoption Of the above report the
tee on State OF the Order read its
eport, and the General Assembly took a
ecess. i
The entire afternoon was taken mp dis
ussing the report Of the Committee on the ,
OF the order to whom were referred
he trouble with Trades Unions. Their re-
'ort and discussion were not given to the ,
rcss, but it was learned that action had
zen taken in the matter. l.