Dodge City times. [volume] (Dodge City, Kan.) 1876-1892, 1888-10-18

K. w. Rodgers.
Why the Union Labor party was Or
gained: According to Secretary Nc
Cullough's report in December, 1865,
there was 81. 900, 900, 600 in circulation
A republican congress backed up by a
solid vote of the democratic members,
on April 18th, 1866, passed an act al
lowing Secretary Mccullough to sell
bonds and take in and destroy the cur
rency at his discretion. This act was
signed by demo-republican president,
Andrew johnson. and thus became a
law, in March, 1869. The republican
congress changed the contract for the
payment of bonds in treasury notes,
such as they were bought with, to coin
and in 1873 demolitized silver which
made them payable in gold only. Thus
by selling the bonds to the amount of
81, 800, 200, 900, taking in treasury
notes for taxation and destroying them,
and demonitizing silver. Our money
was reduced by January LIST, to $780,
600, 900, or one fourth the amount we
had in 1866, eight years before. A
most baleful change had taken place,
our population had increased from Is,
600, 900 to over 10000. 900, yet we
had only one fourth as much money to
do business on.
This debt increased and our ability
to pay decreased Wheat dropped
from $3.50 to Use; corn from $1.0O
to 33c; oats from 75c to 25c per bush
ell, and everything in proportion. In
this way it took from ; to 4 times as
much of the products of labor to get a
dollar as it did in 1865, and yet we
had $7S, 100000 interests to pay on
the bonds we had created to take up
the currency; twice that amount on
debts we we're compelled to make on
account of its being taken out of cir
culation. Factories of all kinds closed
down, throwing millions of men out of
employment, and men, women and
children were starving to death in the
east, while the prairies of Illinois, Ne
braska, Iowa and even eastern Kansas,
was literally lined with corn and other
farm products, which could not be sold
for cost of production, and we lii the
east were freezing to death for want Of
the coal and clothing with which the
east was overstocked, yet we had no
means to get it; and a set of political
fools kept bowling ''overproduction is
running the country"
By this infamous class legislation,
the bonds were made equal to gold that
cost on an average of not to exceed 60
cents on the $1.O0. The currency was
contracted to one fourth the amount
eight years before, compelling every
one to sell four times the amount of
the production of labor to pay the debt,
as he would have, when the debt was
contracted. For John Stewart Mills.
of England, said, if the whole money
of the country was doubled, prices
would double.
Ricardo, Of England, says: ''Com-
modities would rise and fall in price,
in proportion to the diminution of mon
ey."
John A. Logan said of the stagna-
ton of business, in 1873: 1t is mon
ey famine, nothing else
From the above we can see that the
people of this great country were liter
ally robbed, by corrupt laws, of not
only s7S, 100000, annual interest on
the bonds created after the war was
over and the soldiers discharged, but of
the difference between 5000, 600, 900,
total Indebtedness at that time, and 4
times 8 billion, s24: 100000, 900, and
also the difference between $7S, DOC, 900
one years interest on the 81 300, OOO,-
600 bonds and Fights years interest. or
1924. 900, 900, and also the difference
between that amount and four times
that amount, or 81, S72, 100000, or in
all, we the producers of the United
States, were robbed by the united eff
forts of the republican and democratic
parties, who each of them have always
claimed that It was the only friend the
people had; yet they by class laws lit
orally robbed us of s24, 100000, 600,
PLUS s1,s72,OO0. 900, which equals
s25. S72. 900, 900. This robbery only
- ,,,onnDoGSf1o onn.