The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1894-01-04
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Secretary cariisics5 gcrseEsc-
p,lsI.AuEsruaA Dec. 40. ---A telegram
has been received ass the headatsa rtefs
81 the knights Of Labor stating tias
General Master Workman Sovereign
had been taken suddenly Ill at HAZE
ton. Pa. where he had gone On sne
business OF the order, and on the advace
OF physicians had hastily tn ken q tram am
for his home, Des Moines, 10.
Prior to the general master work
mans departure for Hazeiton nc pre-.
pared an address TO the rankand hie OF
the order, denonncing 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:
"The issuing OF bonds is an outrage
upon liberty loving people. Bonds
and slavery are Synonymous terms.
Recent authentic statistics prove that q
sum of money equal to the entire circu-
latinr medium Of this nation must pass
from the hands Of the people OF this
nation into the overfowing Golfers OF
the interest takers at least once every
six months, and that means that on an
average of once every six months tho
people must reborrow the money from
the intcresf-talscrs. with new securi-
ties Thus the compound power grows
step by step, and, if not checked, will
absorb all wealth and leave labor Ill
ab;ect 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 1T interest b.
serb The profits of the dollars at pro-
duction, and as dollars have no power
to create other dollars. the profit OF tho
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 he rea e
sorbed by the dollars At interest Each
time. they draw great amounts OF land
and products over to the interest ia cr.
Finally the dollars 1T interest absorb
all clements of increase.
Instead of an issue of bonds Mr. Sow
creirn advocates tho issuance of full
legal tender Notwithstanding mon
ey. He then calls upon the working
men of the country to petition congress
not to grant the secretary of tie treas
ury authority to make the proposed
issue Of bonds.
Every man." he continues, CON
nected with the disreputablc transac-
ton should have his name branded
with eternal infamy."
The knights from Maine to Califor-
MIA, he said, should hold Indignation
meetings and send unequ;vocal pro-
tests to their respective members in
congress
Millions of our people arc in Ecggary
and starvation because labor has been
robbed year after year by merciiess
power that has grown baughty and
despotic on the bonds Of the people.
1t is the duty of labor throughout the
length and breadth OF the land to put
it's foot down so hard on the present
scheme to Increase the national debt
that the very capitol at Washington
will tremble with the thuntlers OF its
righteous protestations.
Let us be dupes and fools no longer.
Let us meot the 500, 900, 900 bond prop
osition with the power and fellowship
of our entire organization and stay in
the fight until we force d relaxation in
the power of money to rob the indus
frinl masses