Pine Bluff daily graphic., 1895-07-17
uEy WANT NOMONEY
.ery WHICH CLAIMS TO HAVE
 Soo,L THE FINANCIAL PROBLEM.

parter and Exchange-Outlines
 PTe' o..+sm by Which a Band of Re-
 Relieve They Will Improve the
 Rortingnan'
 ,.-o is ouiet organization in San
 Insly .,oo whose leaders say they have
 angi9Iu sha financial problem by invent
 Vea 'h fraotional system of exchanges E q [ daes Ines away with both gold and
 vS' T1 ', naw society is known as the La
 lIs T,ebange and is based on the idea
 nAs., ae seonle seldom want what they 2 Sil aives .ni produce. Therefore they say 4 epssa l.sa way to solve the labor problem < 'a. uni nnt inc products of industry in the .pt for exchange for other commodi- s.,l Glesser is one of the leaders of k. 0m1 nsw society, but the Labor Exchange \ \ IS oondncts a general store which is \ pO oaed o by Henry Warfeld. To his
 au' tbe idle shoemaker or other man
 T gorker , brings the products he has 2 .,ufaetured at home or in his shop
 ,Ino 4 lull in business. He is paid
 0 .sieo in money for the goods he de- Es,ita, p1 but is given certificate which Ntitles him to any goods in the store as N for his wares, MT. Glesser says that E tba aid of this system during the past
 ,r ooods valued at many thousands of &Iars have been exchanged among the <Pmbers of the society.
 TRa certificate reads that it is not re- sssmablo ill legal tender, but is teoeiy- sEa by the association as payment for SDrcbandise for all services. The cer- Sseate is secured by the real and per- Enal property of the association.
 The officers of the local branch of the sCapization have lately received reports sEicb indicate that its plans are being sOuted throughout the state and nation, .ad that stores are in successful opera Ihu in many cities and towns. There s.e l5O members in San Francisco and sbout 300 in the state. Plans are under |alsideration by the San Francisco sanch by which shoemakers, glove nakers. nitters and other artisans Finbe kept employed to keep up the sFck of the various stores in the state. Ebey will be paid wholly by checks or which entitle them to draw @ goods to the value of their earnings. H The Labor Exchange is based largely u the idea expressed by various polit- |Al economists that goods are often ex- Banged practically without the use of aDney The founders believe that ill a are advanced civilization their ex- aange checks will take the place of hCney, which will then be abandoned < useless medium of commerce.
 The founder of the system is G. k. A Bernardo of Independence, Mo, an "a organizer of Oranges and other hmers societies. His plans are said to Asye been recently indorsed by the em- bent Michael Flurscheim of SWitzer- @d and by prominent political eeono- astS of Germany, who have organized nhanges on the same basis that finds pactieal illustration ill the little store V Valencia street. In one of his articles @ the principle of the exchange the ppnder says that he plainly saw, in Epdylng the question of wealth and RFerty, that if a person was not per- Rtted to pay his debts with the prod Ris Of his craft, but must procure an Wcle he did not produce-gold or sill Ar-he would be at the mercy of the Fner Of the legal tender commodity Rl thus would be ruined or enslaved. !" .lAe reformer next sought to set ill Rllon an interchange of services be- Reen men and women out of employ Nn' and therefore helpless for lack of Eley The employment of idle labor sfius the prime object of the associa- .lle following sentences from the ESpeotas of the organizer of the ex- esusS snow the general purposes of the Form. He says:
 Behold the fundamental principle
 N ann or the true Labor Exchange |r'u IS not visible in any other sim movement of our day. True, most
 usnl use the labor check as a substi-
 " iOr legal tender money, but ready
 .,,uta .s1 to legal tender money as soon
 4UiO to do so; some are even passing % 'neck on legal tender money, while | use the labor check first to keep la-
 'upioyed and the industries in mo- !. N ana second, to demonstrate by ob- Ea'S '0ssons that legal tender money is Sn,s 1s1nay, a robber, and therefore Ilu 'ou. De abolished altogether.
 sI, JI moous operandi in this greatest
 a toiorms is to set in motion at
 N 'u ai interchange of services between
 Dss", aud women out of employment
 X rsaa; raaiyzed for lack of money. To do k,ib;qil ilSqaifes no capital, and there is no kntDa, ii'y or failure. Pass from this
 p and and ala ;i department to the produo-
 n nse a lhVerchange of articles of com
 llv Sr' s;,a among the associates, and grad |o,aas as' rom these simple operations 5 ce.on.e,. ~, enterprises, and finally bring h of fpeaaeiYe forces to the construc- hltb ,,'li alaiconsumable or permanent eo,nes m which lessens toll and increases by such nro..,...