The labor world. [volume] (Duluth, Minn.) 1896-current, 1899-08-26

i tain means to exist enables wealthy mer
to bug at very low cost, from the poor no
are obliged to sell for any price the can
get In due time, when great scarcity
causes PRICES Ip advance, in every product,
4 The rich man then the possessor Of the
property, sells at the advanced price, and
after few such periods of buying and
selling becomes Immensely wealthy
'.fWhy does not the poor man take aIs
vantage of the contraction and expansion
to enrich himself also q
Because, as already explained, Mr..
Williams, lack of $empl oyment places him
a. a disadvantage. aI4 cannot obtain the.
money with which to speculate. hence ne.
is alt the mercy of the rich man, WHO;
l9steadily gets richer while the poor steadily
get poorer s45 81
Yes. but where is the evidence Of COM.
Ling change q 3ss:
During these long periods Of idleness
ing classes have passed, particularly in the
last six years, there has been, Unfortunate
W.. continual Utilization of the:
rich The people ST have come to
think hat s 81 they are oppressed
by The wealthy classes and chat they vii.
be justified in acts Of wanda ISM This
feeling has been intensified by the steady
trade against trusts in which tte news
papers have lr,dnlg d. & IS
s. Certainly, Doctor, there is no occa sion
for that feeling now: Ut IS admitted that t5,s5
country has not been so prosperous 5#as
now for many years.
Yes, ME- Willfams, 1t would seem II,
the tailoring ople ought to be contented
buy on see hey are not Never III thes
history Of the country. has there been scS
many strikes and abor dis tir1,l,ances!s u.s.
row. This restlessnesss on Ethe part Of the
WORKING classes. will he greatly incre1se lg
IN the coming zeal ical lyharang1.es,
,sinsS'wlic h s the speaker win seek TO 5inil,i-
encea55, The publ mind agaiI,st tlle r:ell
men who are at the head Of til I'LL trusts anf1
combines 2 "a S. ss
I'LL mot the coming trust convention
in which an effort will be made to break
up trusts do something towards he lpiag
the cause the poorer classes
Vou,sesise.s Such IA convention III only al
farce. AN supp for al n IA 5ii
that the standa com win ba
down point that compel lion
agalntt = hem VII 8s spring up on alls
sides Who can for one IA
n:ent Il ppose, lat e the great Fed
eraIS Steel conn vii disinteg afe anI
80 hack to the separat nstitalti ions from
which sprung Who can for an inst
suppose go trust, ana nj
eroils Other trilsts, vii IKE siss
tire Neltng and go into COM
f8petine again with 4 each Other
because convent ion 81 is called f5s
|nioclaims against then? Think Of Irae hus.s
(dreds Of mill Ions of dollars at comm nd
to prolong& litigation and buy M III Il mt
lis necessary to success, g 9sSSf
i. You conYey the Impression Doc or ..s
that lack of money cfrculat don is at tbs
bottom Of al this trouble. what IL il:ns
Ieauses OF the aflure OF money to S. reg lila.
ly8circulate q, ~
An immense money trust, a combine that
controls ro y money, citing orsexpani
l1ngs " az hey may choose. ss.S#
q mat does the government do about
So $50
ne governmental allowed to etermines
What shall be money and TO make ii, biit:
beyond sStha point the government ID, not
allowed To- go q
~ Can the government DIST ibute their
Igown money which they make r, 49,
No, sir Not dol lar to- the common
people, The governme may pay Hts en-.
Ipsoyes but otherwise it Is equired to give
1 az the paper money hitch is issued: tos
priva te sindlyi duals and corporations VIII
manipulate this money as they, Choose.
f They may loans It HON they choose
they may pack 1t away, make it, scarce
and refuse to loan 1t to- anybody! They
Generally do, distrfbute ii. however. d is,
! their wealthy patrons, ana these persons
THAT are in the favor OF the combine an
pointed by the govennne ii ii to give ;outss
money, can 1laYeathe tremendous adyai-s
ltage5 which comes from having an ,abund-
ance OF money.
Why don't the governments eat ,.s.,a
central depositorie for their money ana
pay 1t out to anybody who Will giveS
ample security? q a35s} 81 s5s5
Because, Mr.. Williams. the government
is hound hand and foot by this immense
trust which IS the father OF all others
trusts NJ 5s5$ lf.s33s "A $5ss 5S
How father OF all other trusts %!
Because this great combine spread cur
al over the country receives at Its several
branches, the money Of the people on .:e-s
nc GIT. For these deposits 1T gives no fse-s
scrrtty. The onfldence reposed IN this.
combine as frequently destroyed by the
failure of these institutions that contain
tho peoples money. When many of these.
branches fail, as they did in 1893, he
people hide their money, circulation stops,
business shuts down. and all the evils:
follow which come from stopping the cir
culation OF money. = s a.s
lzN&I OF having q thorough comprehen-
I'm sion Of the socialist state, most
| people honestly believe 1t will
be state oppression and offdcialism that
would be worse than the present. Quite
reasonable conclusion, seen through the
effects of the present offaciauism and
corruption. But socialism makes new ems
vironments and new effects flow from ii.
When all people are employed by the pun.
nc, when all receive the same pay for
4 tina u,ho via So