The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1886-06-03
THE KNIGHTS IN COUNCIL.

CLEVELAND, O., June 1.-The knights OF Labor
convention opened at O'Clock this morning, the
first business being the adoption of the amended
report of the committee on strikes and olcotts.
The executive board must approve all future
strikes and except in certain grievous cases where
immediate action is necessary, the strike or BOY
colt will not be allowed without their approval.
The address to the Woman's Christian union
was adopted after which the committee on legisla-
ton presented the following report, which was
adopted:
measure of value and further regulating the value
of money Your committee calls attention TO the
petition passed at the animal session, held at Ham
ilton in October last embracing the same subject,
which petition is knOwn as document No. W and
We urge that said petition he presented to congress
as there recommended, and that 1t also be given to
the press for publication, as we deem this course
necessary before further legislation by the general
assembly OF the subject"
Document No. 81, referred to by the committee,
is as follows:
Resolved. That the following petition be pre-
sented to congress: A petition Of members of the
order of Knights of Labor of America. through its
representatives in the general assembly, which met
at the session held at Hamilton Ontario, and com
menced October :, 1885, and attested by their proper
officers respectfully represent that your petition
ers are mostly citizens of the United States and
members of the labori1g classes of society. That
while human labor produces all wealth, those who
have performed no honest labor have amassed
most of the wealth: those who have performed the
labor have the least to enjoy that we feel this state
of things is largely due to vicious Legislation, and
want proper Legislation by congress; that the
money of the United States is Of uncertain value
differing widely in different parts of the country al
ali times, and in every part at various times
whereas being measure of commercial value
it should be fixed and unvariable in value. Fol
example. at this time in one part of the country
money is worth only per cent per annum: IL
another II per cent, aud in another 70 per cent.
and ranges from 2 TO 81 per cent. throughout th'
country that the uncertaintyin the value of money
causes distrust and uncertainty il
ali commercial transactions and insO
much that capital is timd and labor unemployed
| in consequence of which the industrial class II
! financially ruined and laborers thrown out of EN-
! plovment, and indescribable want and suffering
! brought upon the masses of the people and unjns
| cams acquired by those who manipulate money
! That the supply of a large portion of the money
the country Is in control of private corporations
called national banking associations, creatures o
| congressional legislation, with whom private glil
/ Is the only motive for supplying m1ney 70 tn
people: that it is through the manupulatiOna 0
said corporations and other money lenders thai tl
people suffer many of the misfOrtInes ana griel
! ances heretofore mentioned, and many Others no
mentioned that the right to Issue or coin none
T. high sovereign prerOgative, which ought 10
TO be exercised by any but the highest power 10 Ga
| nation. and we view with alarm the exercise q
such prerOgatiye by private persons or corpora
| tiOns.
| And AZ a remedy for the evils OF which we con
plain and for the redress of the grievances we sn
fer as herein set forth, we pray that your hOn0i
able body fulfill the duties imposed on yOu by th