The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1894-01-04
AN ADDRESS
To the Rank and File of the Knights Of
Labor Sovereign Numerically Scores
Secretary Cariisle's Scheme.


Labor Sovereign Numerically Scores
Secretary Cariisle's Scheme.
PHILADELPHIA, Dec 30.-A telegram
has been received at the headquarters
of the Knights of Labor stating that
General Master Workman Sovereign
had beer taken suddenly i'll at Halle
ton, Pa, where he had gone on the
business of the order, and on the advice
of physicians had hastily taken train
for his home, Des Moines, la.
Prior to the general master work.
mans departure for Hazelton he pre-
pared 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 two
hundred millions in interest bearing
bonds
The following are extracts from tho
document:
1.-The issuing of bonds is an outrage
upon liberty loving people. Bonds
and slavery are synonymous terms
Recent authentic statistics prove that u
sum of money equal to the entire circu-
lating medium of this nation must pass
from the hands of the people of this
nation into the overflowing Golfers of
the interest-takers at least once every
six months, and that means that on an
average of once every six months the
people must reborrow the money from
the interest-takers, with new securi-
ties. Thus the compound power grows
step by step, and, if 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,
.he profits of the dollars at interest alb
sorb the profits Of the dollars at pro-
duction, and as dollars have no power
tn create other dollars, the profit of the
dollars at interest must be paid out of
the dollars at production, and as soon
as the dollars at interest absorb the
| dollars at production, Gods green
earth and the fullness thereof have to
be mortgaged to the dollars at interest
to induce few dollars to return to the
fields of production, only to be reab-
[ sorbed by the dollars at interest. Each
time they draw great amounts of land
and products over to the interest taker
Finally the dollars at interest absorb
all elements of increase"
Instead of an issue of bonds Mr.. Sow
ereign advocates the issuance of full
legal tender non-interest-bearing mon
ey. He then calls upon the working
men of the country to petition congress
not to grant the secretary of the treas
ury authority to make the proposed
issue of bonds.
Every man." he continues, CON
nected with the disreputable transac-
tion should have his name branded
with eternal infamy."
The Knights from Maine to Califor-
MIA, he said, should hold indignation
meetings and send unequivocal pro-
tests to their respective members in
| congress.
Millions of our people are in beggary
and starvation because labor has been
robbed year after year by merciless
power that has grown naughty and
despotic on the bonds of the people.
1t is the duty of labor throughout the
length and breadth of the land to put
its foot down so hard on the present
scheme to increase 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 5000, 900, 900 bond prop.
osition with the power and fellowship
of our entire organization and stay in
the fight until we force relaxation in
the power of money to rob the indus
trial masses.