The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-05
DAYS OF WRATH AT HAND.
The Labor Exchange Issues
a Warning to the
Public.
Carl Gleeser Tells a Large Audi
ence How Ruin May Be
AVerted.

Students of the labor problem and many
desiring further insight into the subject,
the solution of which is now agitating all
classes of men, gathered in considerable
force at 1859 Mission street last night.
Their presence was accounted for by cir
cular scattered throughout the city yester-
day telling of impending ruin, and promis-
ing to point out the way to escape it.
The call was at the instigation of the
Labor Exchanges new organization, hav-
ing for its object the abolishing of interest
on money and the establishment of sys-
tenn of check exchange. by which the
laborer is paid in goods or check which
will be honored by any member of the ex-
change in such goods as he may have.
The meeting was called to order by
Henry Warfeld, who briefly outlined what
the Labor Exchange proposed to do and
what they had already done. He said that
labor exchanges existed in twenty different
States, and that California led the move
ment with ten branches. The object was
to bring the consumer and producer closer
together and to do away with interest on
money He declared that interest and not
money was the ''root of all evil" Mr. War
field then introduced Carl Gleeser State
organizer of the Labor Exchange.
Mr.. Gleeser is an interesting and earnest
speaker and is thoroughly familiar with
his subject Interest, he said, twas the
vampire, so to speak, that was sapping the
foundation of civilization. Interest was
not right from moral, religious and scien-
tific standpoint"
Mr.. Gleeser also paid his respects to the
Southern Pacific, declaring that it would
be noble institution were it not for the
fact that it borrowed the money in Europe
with which to build the road, and that now
it was sapping the life blood of California
to pay the interest. ut should be in the
hands of q receiver" he said.
After the lecture Mr.. Gleeser invited
any member of the audience to ask such
questions as the subject prompted, and he
would endeavor to answer. Several gentle
men asked some very pointed questions
about the proposed. labor exchange, in
quiring particularly into the proposition of
doing away with money entirely and
inaugurating the check system. Mr.
Gleeser was never at loss for reply, and
succeeded in convincing many that his
scheme was not only theoretically correct,
but practically so.
Every person joining the Labor Ex-
change signs the following obligation:
In consideration of the rights, privileges,
benefits and protection conferred upon me as g.
member of the Labor Exchange Association,
and to the end that the property of said assoei-
alton, upon which the safety of said benefits is
based, may not be sacrificed at reduced value
by forced liquidation in legal tender money, /
hereby promise and agree that for any article
or articles of merchandise and moneys that
may deposit in the keeping of, labor and ser
vices that may perform for, or for any certifi-
cate of deposit that l may hold on said Labor
Exchange will accept as sufficient compensa-
ton thereof merchandise, property, labor or
services of equal value and relinquish any