The Bridgeport evening farmer., 1910-12-07
SCHEME FOR CENTRAL BANK
 DENOUNCED

Given the Death Grip on PeO'
 ple", Says Master Workman
 Hayes
 Hayes, the general master workman of the Knights of Labor. in opening yesterday the twenty-ninth general assembly of the order, asserted that, all statements to the contrary not withstanding, it is fact that at least one-half of the wage earnerS of the United States are working for the same rate they got ten years ago, while the other half are working for not more than a 10 per cent increase, home has increased fully 60 per cent in that period.
 Hayes pointed out how the military expenditures of the Government have arisen to more than s954, ,000.000 a year. It now costs, he said, more than S1,- the service. These figures sa Hayes tell the story of the near approach of military despotism.
 ''In Gods name" he exclaimed, "is there to be no end to this?" He said he rejoices the new Congress will not contain several of the men who cry loudest for more ships and soldiers.
 The Grand Master continued:
 ''The chances for giving the money power a death gr.p on all the people and their money through the incOr- poration of a Central Bank vanished as a result of the recent elections. The manager of this villa.nous pro- pos ton. while they will try to pass it through the present Congress. have practically given up all hope of sue cess.
 There are some Democrats and some Republicans in the Senate of the United States who would never consent to turn the, money of tn s Government over to a private bank before they would agree to place, even temporarily, the $sOo.00o,o0o in gold that is now in the United States Treasury in charge of these frenzied fnanciers, who are planning to get their clutches on it. These are the proffer of power won't move; the men who will most effectually kill Aldrich's pet scheme and prevent for the time being at least the incorpor- ation of this Central Bank.
 While we incline to the opinion that the Central Bank is dead and now past hope of resurrection, yet we get the men who favor it, for the accursed sentiment is still buried deep in their system; and they only awa:t the time and opportunity to again spring it on the Congress.
 "We can now draw long breath of relief, for many of the men who would have voted for this bill three months ago would not now dare to do 1t. however much their sympathies may be with the money power, and as a consequence Aldrich is minus the necessary majority.
 "For more than a quarter of a cen tury we have advocated that postal savings banks be established in con- nection with the post offices of the United States. The subject was con- sidered at numerous sessions of the General Assembly,; public speakers lecturers were sent among the peo- ole to educate them to the importance of creating such a savings institution for the protection of the working peo- ple of this country. depository in which to place their money safe from the dangers of the American banking institutions.
 "The demand for postal savings banks was, by the members of our order. inserted In all the various re- 1884 until 1906. The Democratic and party platform of 1908 each contained a clause favoring pos tal savings banks. President RooSe- welt recommended it in his message to the Sixt;eth Congress, and Presi- dent Taft not only recommended it In his message but remained with it and insisted on it's becoming a law.
 Having secured this great reform we should now devote our energies toward a postal telegraph and tele- phone that. like the postal banks, will be a part of the Government of the United States.
 r~ 114 yNd Trust Is using the power of their gi gantic organization to hold up the public and make them stand and de- Iiver.' It is doubtful if the present pr even the succeeding Congress could pass a bill providing for telegraph and telephone. ton, carry 1t on systematically, in and out of the Assembly until we can force it to the front, and make it one Of the issues in a campaign. This done, we can then compel Con- gress to make an investigation and learn the actual value of these trust properties with the water squeezed put. With this knowledge Congress will either force them to sell at fair valuation or have the Govern ment duplicate the lines. This VII take time and hard work. but with our splendid machinery. our educa- tional method. and the desire ot Con- r~essional candidates to cater to the wishes of the voter there will be no danger of failure.
 eve should immediately make a roster of the men in public ffe who favor. and those who oppose. a Gov vernment telegraph and telephone system With this information we will be better able to direct the cam paign to success"
 
 '0nK CHOPS ARD H.G MEAT 1