Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-06-02
KNIGI ON MONEY.
'hey Petiicngress to Fix a Meas
ure clues and Establish
90 Of Interest,
they WanlGOY. rnment to Establish
Loan Sns in Every County
the Land.
Heguianopont thu Boycott and Tho
s'rn'e BANG Christian Temper.
aBnion Revolutions.

NSENELAO., June 1.-The knights
q OF Labor Fentlon opened al S this
morning, flrSt business being the
sdopucn DC amended report Of the
committee strikes and hoycotts. The
: executive "a must approve all future
strikes, an&cept in certain grievoue
cases wbernmedlate action is noces-
/ sary stI or boycott will not be
allowed whit their approval.
An addrqo the woman's Christian
!, Iemperancanion was reported, after
which theSommittee on hesitation
presented = following report, which
) was adopte
In placSf document No 81, entitled
aillxing IN measure OF value and
iurther Iulating the value of
money ~ committee calls atten-
llon TO apetlton passed at annual
session helht Hamilton October last,
emDrscinsse same subject, which petit
lion W as kiwn as document No. az. and
we urge u said petition ee presented
70 congresses there recommended, and
that II lspe given 20 the press for pub
ilcation, asye deem this course necessa-
ny before frthor legislation by The gen.
eral assehly ON the subject
Docum,t No, % referred to by the
committees as follows;
/ heSolvgi that the following petition
! De presenid to- congress: Petition OF
members sf the order OF knights
OF LabT OF America, through
representatives. in the general
assembly teession, held In Hamilton,
Ontario, nhmencsd October 3, 1885, and
allested ~ lhoir proper Officers, respect.
iully represent that your petitioners are
mostly citizens OF the United States and
members bf the laboring classes OF
society, That while human labor pro.
uuceS al wealth, those who have per.
formed 40 honest labor have amassed
most OF the wealth; those who have
performed labor have the least
To enjoy, that we feel this
state Of things Is largely due To
holh vicious legislation and want Of prop
er legislation by congress. That money
81 the United States IS Of uncertain value
differing widely In different paris OF the
country NJ all times, and IN every part al
various times whereas being a measure
OF common t.aiua - ai,N,.tl- = 49, a..
in another IL per cent, and In
another go per cent, aud ranges
from 2 10 20 per cent throughout
the country. That uncertainty in the
value Of money causes distrust and UNI
certainty In commercial transactions. In.
somuoh that capital Is timid and labor
in consequence OF which the
industrial class is financially ruined, aud
laborers are thrown ont of employment
and INDISPENSABLE want and suffering
brought upon the masses OF the people
and unjust gains acquired by those who
manipulate money,
That supply OF the large portion OF
the money OF the country Is IN the control
OF private corporaticns called national
backing associations, creatures of con
gressional legislation with whom private
gain is the only motive for supplying
money TO the people.
That II Is through the manipulation Of
said corporations and other money.
lenders that the people suhermauy of the
misfortunes aud grievances hereinbefort
mentioned, and many others not men
toned.
That the right TO Issue or coin money
is high sovereign prer0gatiye which
ought not to be exercised by any but thS
highest power IN the kingdom, and W,
view with alarm such prerd gative by pri
vate persons or corporations, and as d
remedy for the evils Of which we com
plain, and for the redress OF the gIiev
ances we suff4r as herein set form, W,
pray that yen honorable body fulhll th,
duties imposed on you by tue constitu
tion in sect on s, article l which provides
that congress- shall have power 10 oOiI
money, regulate INC value thereof and q
foreign coin and fix the standard Of
weights and measures, that yor
tx q measure of value that viii be es
tablishiDg Just, uniform 1nd unyariabl,
rate Of interest for money loaned, that IL
order TO masntiIn such rate Of interest nj
a normal rate you repeal all laws author
izlng private persons or corporations q
issue money, and In their stead establish
public loan Offices throughout the county
wherever needed, at leasi one ia every
county, with proper otilcers 70 perform
the duties Of said Office.
That the national government len(
money 10 the people at said Offices on
good and sufficient gCcdrity aud az n llxet
IuNt VI AhhfAfNA bn AhAhAMNF NV
that the profits arising from tl,
business OF lending said money
be recovered into the public treasury fol
public uses, and that said loan Offices b,
also made repositories for the savings d
the people, and that your petitioners viii
ever pray.
Resolved, that the general master work
man shall certify duplicate copies Of tn.
foregoing petition to congrese, md thai
be ID requested TO select the moot sultt
Bile member Of congress and Cnitei States
senator available and request thAt they
present said resolution 20 the respediy,
branches Of congress
Representative Lowe Of Penn6ylyaliB
introduced bin for recommeadaiicn "a
congress entitled 1an act fixing ~
measures q values and further regulAt
ing the value OF money! Tbs bin pro
vided for the corrections OF the abuse
set forth 81 document No ~ aud pro
vided for the lOaning OF money by IN
government az PEI cent, per annhm
The bill contained 100 long SECTIONS.
After the adoption Of sheaboyc repor