Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1886-06-02
OUR UNCERTAIN MONEY.
The K. of l. Wants Its Value Regu-
lated by Congress.
GOVERNMENT ALONE SHOULD COIN
A Protest Against the Causes Of
Money Coming Private Cor
porations.

| LnlS morning., tue uEst OusinCSs O0'"S 49,
adoption of the amendment report Of tn
! Committee on Strikes and Boycotts. Th'
Executive Board must approve all future
strikes and except in certain grievou'
cases where immediate action be taken
strikes or boycotts will not be allowed
Without their approval An address to
the Women Christian UGioE was adopted
after which The Committee on Legislation
presentel the following report, which was
adopted.
an placs of document No. IL, entitled
an act fixing tie measure of value and
further regulating the value OF money, your
committee calls attention to the petition
passed at the annual session held st
Hamilton, in October last, embracing the
same subject which petition wss known as
document No. no ia printed on pages Is
and ll9 of the record Of the proceedings
of that session, and we urge that said peti.
ton 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 further Legislation
by the General Assembly on the subject ="
DOCUMENT 40. II
referred to by the committee is as follows,
aud was introduced by Representative A.
II. Law, of Pennsy ylvsnis:
Resolved, That the following petition be
presented TO Congress: The petition Of
the members of the Order Of the Knights OF
Lsbcr of Americs, through their represen.
tative in General Assembly met at the ses
sion held at Hamilton, Ontsrio, com
menced 0c;ober 3, 1885, and attested by
their psoper oili3ers, respectfully represent;
that YOUR petitioners are mostly ci,izens OF
the United Ststes aud members OF the la
boring class Of eociety; that while human
labor produces oil wealth, those who have
performed no honest labor have smassed
the most of the wealth, and those
who have performed the labor havs
least to enjoy; that We feel this state OF
things to be largely due to both vicious leg
islatlon aud want of proper legislation BY
Congress; that the money OF the United
States is Of uncertain value differing widely
in different parts of the country at all
times aud il every part at various times.
Whereas, being the measure OF CONNER
cisl value it should be fixed and unvarisble
in value. Fog example, at this timein one
part of the country money is worth only
TWO per cent. interest per annum. IN snoth.
er twelve per ceut and In another twenty
Der cent and ranges from two to twenty
per ceut. throughout the country. That
the uncertainty in the value OF money
causes distrust and uncertainty in all
commercial transactions in 80 much
that capital is timid and labor
unemployed, and periodical panics occur
IN all business, in consequence OF which
the indus rial classes are financially ruined
and the laborevs thrown out of employment
and indescribsb'e want of suffering brought
upon the masses of the people, and unjust
gains are acquired by those who msniPu.
late the money. That the sappy of q
large portion of the money OF the county IS
in the control Of private corporations,
called national banking associations, cres-
lures OF Congressional legislation, with
whom private gain is the only motive for
supplying money to the people, that it is
through the msnipulstions OF said corpora.
tious and other money lenders that
the people suffer many Of the mistortunes
and grievances hereinbefore mentioned
sud others not mentioned. That the right
to issue or coin money is high sovereign
prerogative which ought not to be exerclG'
ed by any but the highest power in q ma
ton and We view with alarm the exercise
of such prerosative By private persons or
coroor tons; and as q remedy for the evils
of which we complain, ard tor redress OF
the grievances we suffer rs herein set forth
we pray that your honorable body will full
ill the duties imposed on you by the tonstl-
tuition 10 section s of article l, which pro-
yidesthst Congress shall have power to coin
money and regulate the value thereof,
snI ni foreign coin and fix the standard
of WEIGHTS and measures. That you nix
the measure Of value by establishing Just,
uniform and unVsriSbls rate OF interest tor
money loaned, aud in orieE to maintain
sucA rate of interest Es the normal rste.
You repeal all laws authorizing private
nersons or corporations to issue money
and in their stead establish public loan Of,
6ces throughout the country wherever
nsedea a. least oJe in every county, with
nroper officers 10 perform the duties OF
said Offices. That the hstioasi Goyern'
meat lend money to the people at ssid Of
snns on good aud sufficient security,
and at sad Fixed rate Of interest on
demand and that tue pFosts arising from
tbs business of lending said money VS. cen
ver,ed into the public treasury tor puolic
nsss and that said loan offices be also
made repositories for the savings OF the
people ana your petitioners will ever pray
Resolved, That the General Master
Workman shall certify duplicate copies ot
tbs foregoing petitionto Congress, and thai
40 ia requested to select the most suitsblt
nambsr of Congress and United States
Senator available and request that they
present the said Petitions ts tselT respec
tive brarches Of Congress.
REPRESENTATIVE LOVES BILL.
REPRESENTATIVE Lowe, of Pennsylvania
then introduced bill for recommendation
70 Congress entitled, IAN act fixing tn
rosssure OF sGlGe sud further regulating
tbe value Of money" Ths bill provided
far the corrections Of the abuse set ford
in document No. II, and provided tor th
ioaDiny Of money, By the Government q
/ per cent. per snnum. The bill contain
cd sixteen sections Atter the sdoPtion
the above report the Committee on tn
State OF the Order read its report aud tn
General Assembly took recess for dinner
The entire afternoon vas taken up l
discussing the report Of the COMMITTEES o
the state of the oeder to whom was reterre
the troubles with the Trades Unions Tb
report and discussion were not given
,, ths press but it was learned that scuo
, had beeu taken in the matter.
A Big Builders Strike.
PHtLADELFH,A, June 1.-The employs
of the planning and sash mills at this cit
struck to day to the number OF 900. VII
| the exception Of four mills, the prcprieto
!, of which had already conceded the q