St. Paul daily globe., 1894-07-04

ady. which was deep-rooted in the very
vitals or the government, The struggle
is fight between labor aud capital. and
the mOneyed barons of England who
drained the country of what rightfully
belonged here. The fight is one of right
against might. and it must be fought
by organized forces In the Legislatures
and in congress until just and equal
laws were enacted for the people. he
then went into discussion on the finan-
cial question. describing the difference
between what he termed "actual" and
confidence" money, and incidentally
hard rap was administered to the ma
tional banking system, which was char
acteriZed as framed for tue mon0polists,
and is the deadly foe of the poor mIn.
The banks, he said, got their money
from the poor man, and then
loaned out their deposits, and If the
poor man wanted to borrow he
paid per cent. and oftentimes COM
mission of per cent. The heavy drain
of gold to England and the vast sums
paid In dividends and for interest to
foreign residents were then described,
aud he said there is So Of confidence
money for every 81 of actual money.
The causes leading to the financial
panic were depicted, aud ne said the
repeal of the Sherman clause of the
silver bill did not enter into the ques.
ton. A graphic account of the condi-
tiOn of the 4,000,0 900 of unemployed was
given, in contrast to the opulence Of the
banker and the monopoliStic concern.
The fight over the silver bill was also
touched upon, and In this connection he
characterized John Sherman as the
arcn-conspirator and traitor OF the
country. The two commonweal bills
were further described. and several apt
illustrations were given Of their
utility. II the bills were passed,
all states and towns, etc, would issue
twenty-five years, based ON one-half the
assessed valuation of their property. 1t
would be the duty of the United States
treasurer to issue certificates, after de-
ducting per cent for actual expenses,
and the other 80 per cent would be ap-
piled to needed Improvements on roads
or the construction of public buildings.
On 100000 the payment at per cent
interest per annum would be 81, 200. and
i'll twenty-five years the debt would be
wiped out and the country would have
the improvements. In this way the
unemployed woald find work, and as
soon as manufacturing is resumed by
force of consumption the drain would
SSoHO uOC hOuAO ito AiOA
NAL condition.
He thought the government should
Cwn the railroads, as they had about
half of them already; and when it got
hold OF them 1t should not let them go.
If the bills became laws, he said, they
would give every mau a days work OF
eight hours at not less than S1.50 per
day.
Congress. he said, did not know the
wants Of the people. The commonweal
army was the first one that had ever
entered Washington in the interests of
the people, the other lobbies having
gone there in Pullman cars, the same as
are now being boycotred.
His experience with the authorities at
Washington was related, together with
the grass episode. The sugar investi-
CATION in the senate was also made the
target for some hot shots. and the press
came in for raking over.
The speech was interrupted by ap-
plauSe, and upon its conclusion three
cheers were given the speaker.