Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1894-01-04
FIGHT AGAINST BONDS.
Knights Of Labor Urged to Protest Aginst
the Issue.

Knights Of Labor Urged to Protest Aginst
the Issue.
PHILADELPHIA, Jan. LA telegram
has been received at the headquarters
Of the Knights of Labor stating that
General Master Workman Sovereign
had been taken quite i'll at Hazleton,
Pa, where he had gone on business of
the order, and upon the advice of
physicians had hastily taken a
train for his home at Des Moines, Ia.
Prior to the general master -workmans
departure for Hazleton he prepared an
address to the rank and file of the order
denouncing Secretary of the Treasury
Carlisle's request to congress to grant
him authority to issue 5000, 600, 900 in
interest-be bonds. The following
are extracts from the document, which
Is long one.
The issuing OF bonds is an outrage upon a
Mberty-lOving people. Bonds and slavery are
anonymous terms. Recent authentic Stats.
tics prove that sum of money equal
to the entire circulating medium Of
this nation must pass from the hands
OF the people of this nation into
the Golfers of the interest takers at least once
every six months, and that means that on an
must reborrow the money from the interest
takers with new securities-thus the compound
power grows with graduating power and il not
checked will absorb all wealth and leave labor
in abject servitude.
"Society and government must take the
profit out OF the money and put it into labor
and products. AS it now is the profits of the
dollars at interest absorb the profits of the
dollars at production. and as dollars have no
power to- create other dollars the profit Of
the dollars at interest must be paid out Of
The dollars at production, and as soon
rs the dollars at interest absorb the dollars
ut production Gods green earth and the
1ulness thereof has to be mortgaged to the dol
lars at interest to induce few dollars to re-
turn to the fields of production, only to be re-
absorbed by the dollars at interest Each time
they draw great amounts OF land and products
over to the interest taker. Finally the dollars
ct interest absorb all elements OF increase"
Instead Of an issue of bonds Mr.. Sow
ereign advocates the issue of full legal
tender non interest bearing money. He
then calls upon the workingmen Of the
country to petition congress not to
grant the secretary of the treasury au-
thority to make the proposed issue of
bonds every man." he continues,
connected with the disreputable trans
oSGAOu 6uOulu nave Ills uduo DTauQoQ
with eternal infamy."
He Is, he says, in receipt of leterst
from the agricultural districts of the
west and the cotton regions of the
south, declaring that the issuing of in
terest-bearing bonds by the national
government will be considered suffi-
cient provocation to justify call to
arms He adds:
Eat the frst attempt Of congress to grant
the authority asked by the secretary OF the
treasury the knights from Maine to California
should hold Indignation meetings and send un-
eQuivocal protests to their respective members
in congress.
ut is the duty OF labor throughout the
length and breadth Of the land to put Its foot
down SO hard on the political scheme to in
crease the national debt that the very capitol
at Washington will tremble with the thunders
OF Its righteous protestations. Let US be dupes
and fools no longer Let US meet the 500 OO0,
600 bond proposition with The power and fellow.
ship OF our entire organization and stay in the
fight until We force relaxation In the power Of
money to rob the industrial masses"