The morning times., 1895-11-14

MONE1 AND LA boh.
'In the first session of the American
Bankers Association, held at Saratoga in
1875, the president ofthat org gave
a description OF how the banks OF Massa-
chusetts boycotted the farmers Of that
State, TO force repeal OF the usury laws
by refusing their applications for loans,
and lie Willingly remarked that the rural
districts came down handsomely and that
the usury laws were repealed and suggested
that the association might take a hint
from his remarks. The organized bankers
have ever been a boycotting machine.
They have boycotted every kind or the
peoples money not forced by law to re-
ceive, and boycottcd every class OF citizens
their selfish purposes suggested, and at
their session recently held at Atlanta, Ca,
they turned their battles against the green
backs and treasury notes a nd demanded the
destruction OF all forms of government
money not under their absolute supervision
and control, and insisted on their right
to issue and supply the people with the
currency of the country-a proposition,
which, If put into effect, will force the
industrial masses into absolute slavery TO
the money-lending classes, and will enable
the associated banks to contract the cur
rency at WILL reduce prices, stagnate busi-
ness, turn labor in the streets, foreclose
mort cages aud confiscate collateral until
and labor SO reduced in circumstances that
organization, agitation and readJustment
Will be rendered impossible. This Is no
idle dream and no stretch of lima gina ton.
1t can be read In the history OF every pauper-
lied nation that has passed away on the
declivity of time during the past six
Thousand years.
BOYCOTT ON NATIONAL BANK NOTES.
After carefully reviewing the wreck and
ruin wrought by the money power and the
designs oil the sound money clubs which
propose bonds and gattiing guns for solu-
ton of the labor question, issued boy
colt on the notes of national banks, and il
l were to die tomorrow l would declare 1t
the most righteous act OF my life. 1t eX-
posed theunsound money Oft hesoundmoney
advocates, threw plutocracy on the de
fensive and forced the national banks into
a huniiliating confession OF their prepos-
ferrous acts OF bad faith with the people.
A nj now l urge this general assembly to
indorse that boycott anu give it every pos
slbIe force of official sanction. The CON
flict between the working people and the
idle holders of Idle capital is inevitable.
The wealth OF the many is gravitating to
the few with increasing ratio, and labor is
drifting towards serfdom faster than ever
before"
Last February issued a dispensation
authorizing an individual card membership.
to bic us TO SOW the seed of organization
in isolated and unor eanized territory.
Although II was only USED in the nature Of
an experiment, pending the action Of this
general assembly, il proved So successful
that / am fully ConNi need that II should
be surrounded with such safeguards as
Will appear in the amendments TO our con-
stitujion, proposed by the general secretary
treasurer, and made the settled policy of
this order.
at Will not only Increase our membership
and bring additional support To tire general
office. but will enable us 10 reach. with all
the facilities of Organization. whole sections
of the country now inaccessible, owing to
Dur cumbersome and expensive method OF
organizing new locals in fields already
covered. ana VIII not III the iCaht interfere
with the work of our locals and districts
located IN densely populated centres. |
you'd also recommend that the charter fee
for newly organized locals be reduced by
reducing the cost and amount of supplies
furnished with the charter.
FARMERS ASSEMBLY
During tlc past year it has been my
pleasure to meet many friends OF our
order who are actively engaged in agri-
culture Ou the broad prairies of the West.
aud who know the needs of organization
and from the friendly expressions re-
celVed on the subject 1 most earnestly
recommend that this general assembly in
augurate n movement looking TO the or
ganization of u National Trade Assembly,
composed entirely of farmers and farm
laborers. A movement of this Kind Will
euable US to successfully refute the argu-
meuts of the emissaries of the capitaliStic
classes in their efforts to convince the
farmers that they have no interests in
common with the wage-workers of the
towns and cities. and will give to both
farmers and waEe-workers additional
power aud prestige"
~ did not join the Knights OF Labor for
the mere sake of organization. do not
advocate its principles for the mere sake
of organization, but to curb the powers
and combat the combination that are
robbing labor of the fruits of its tolls.
II cannot do this / have mistaken the
purpose of this organization, and its
declaration of principles is snare and a
deluSion.
During the year passed since the New
Continued on Page ScvenD