River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1894-01-04
FIGHT AGAINST BONDS.
knights of Labor Urged to Protest 4 ginst
the Issue.


PHILADELPHIA, Jan. IA telegram
has been received at the headquarters
Of the Knights OF Labor stating tina.
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, la.
Prior TO the general master workman's
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 $500, 900, 900 in
interest bearing bonds The following
nre extracts from the document, which
Is long one.
The issuing OF bonds is outrage upon a
liberty-loying people. Bonds and slavery are
synon nous terms. Recent authentic Stats
tics prove that a sum Of money equal
to the entire circulating medium OK
this nation must pass from the hands
OF the people OF this nation into
the Golfers Of the interest takers al least once
every six months ana that means that on an
average of once every SIX months the people
must reborrOw the money from the interest
takers with now seeuriti,s-thu the compound
power grows with graduating power and II not
checked will absorb AL wealth and leave labor
ia abiect servtude.
society ami government must take the
profit out OF the money and put IL into labor
and products As il now is the profits OF The
dollars at interest absorb the. profits OF the
dollars at production and dollars have no
power 20 create other dollars the profit OF
the dollars al interest must be paid out OF
The dollars al production, and as soon
US the dollars al interest absorb the dollars
at production Gods green earth and the
fullness thereof has TO he mortgaged 10 the dol
lars al interest to induce few dollars to re-
turn 10 the fields OF production only TO be re-
absorbed by the dollars at interest Each time
they draw great amounts OF land ana products
over to the interest laker Finally the dollars
at 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. tie
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 disreputa ble trans
action should have his name branded
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 u call to
arms He adds:
AT the first attempt OF congress TO grant
the authority asked by the secretary OF the
treasury the knights from Maine 10 California
should hold Indignation meetings and send I'M
eQuvocal protests TO their respective members
in congress.
at 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 tbs very capitol
AZ Washington win tremble with the thunders
OF its ghteous protestatons. Let us be dupes
and fools no longer Let US meet the s2Oo, UOO,-
900 bond proposition with the power and fellow
snip OF 0GT 3 ---------s- and stay in the
fight until We force'a relaxation in the power OF
,,,l, fuN yr.az