The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-11

true, or important if true. From the city
| of Scranton alone laboring men last year
sent $40 600 in gold its equivalent, to
| foreign lands. and scarcely a dollar of it
went to England. They sent this money
| Europe. Every dollar sent reduces the per
| capita circulation of our currency. But
what of it? So much per capita is a mean
ingless term. for it gives no man a dollar
| and adds nothing to the wealth of man or
commonwealth Per capita circulation Is
a circulation which does not circulate, and
| no man can lay fingers on dollar of that
per capita except in one of two ways
kind or by theft of some kind. The per
capita circulation now is greater than it
as it lies idle through a lack of confidence.
or so long as it is reduced each time
| steamer lands it's cargo of immigrants on
| these shores, the idle workmen can have no.
share of it. The money in circulation is
what Ia Dor looks to. and not the idle dollars
Passing to the Chicago strike Mr. Pow
derby said the lawless element of the city.
and not the strikers, rioted and added:
Il do not approve or government py any
other power than the will of the American
trucking. time-serving officials. who fear
to do their sworn duty, then we invite gov
eminent by Injunction. 1t was a gratui-
tous act on the part of the Chicago con
vention to indorse the inactivity of the
Mayor of Chicago and the Governor of III
should be reminded that honest labor in no
way feels complimented by such doubtful
recognition Government by injunction
would never be known in the United States
had government by incompetency not pre-
ceded it,"
Continuing, Mr. Powderly compared ex-
listing prices with prices he said existed in
the days of Democratic simplicity" and
doubted If one would exchange his present
surroundings for the old He then entered
into lengthy analysis of free coinage or
silver declaring it would drive gold from
the country and enhance the value of sill
yer at the expense of the people. In clos
ing he said: What about labor with the
Nation on a silver basis, instead of q gold
basis? One silver dollar then will buy but
half what it will now, and the man work
ing for a dollar day will then have to
work two days in order to purchase as
much for two silver dollars as he now OBJ
tains for one dollar of gold or of silver, or
of paper based gold. The proposition
that the silver dollar is the poor man s dol
lar is pure g1sh The dollar of the P6er
it be gold or silver. The workingnan is en-
titled to the best in the market; the gold
dollar is as much his dollar it is the
dollar of the millionaire and instead of
joining in the shift for cheap dollar, for
free and unlimited coinage, he should in
scribe on his banner: The best is none too
good for me-.
Mr. Powderly said that his attention had
been called to article in the Journal of
the Knights of Labor headed Then and
Now" in which it was attempted to show
that he Powderly) had said: Damn the
Republican party in 1888, while he now
upholds the Republican party for doing the
very things he condemned itS for then.
letter published in connection with
the article which it was claimed Powderly
haG written in 1888, denouncing the Repub-
lican party. Mr.. Powderly said that any
one who would publish. a personal letter
not worth answering. He had no
recollection of writing such letter and
he had not even read it. He would de-
nounce any party, however, that was OPP
posed to sound money and adopted plat
form directly opposed to the interests of
the wage earnerS.