Montana labor news., 1937-01-21
Steel, AUTO AND TOBACCO STAND
UNITED IN RESOLVE TO CONTINUE
FIGHT ON UNI0NI5M TO LAST Ditch
The MACHINERY
STANDS READY
Continued from Page -

(COntlnueQ from rage 81
But what was the equity of this
situation? One class of statesmen,
backed up and instigated by the
creditor classes, held that the dollar
was always the gold and silver dol
lar. Practically this was not so. For
many years together, the dollar of
the Law and the Contract was, to all
intents and purposes, a dollar OF
paper. During the same period the
modicum of gold and silver remain
ing in the country-though it was
stamped and branded with the
names of coins-was really merchan-
disc. AT length the bottom was
reached-or the top, as the case may
be-and the readjustment became
necessary"
''Then came on the warfare be-
tween the advocates of the so-called
honest dollar and the paper dollar
with which, and on the basis of
which, the business of the country
had been so long transacted. The adj
vocates of high payment took the
honest dollar as their catch-word
and, to make a long narrative brief,
they won with it, and by a series of
legislative enactments, entailing the
greatest hardships on the producing
interests of the country, succeeded
in twisting up, turn by turn, the
standard unit in the financial mill,
until the so-called resumption of
specie payment was finally, after
fourteen years from Appomatox, eff
fected."
THUS THE VALUE OF THE MA
TIONAL DEBT WAS AUGMENTED
FROM YEAR TO YEAR AS RAPID
LY AS 1T WAS PAID AWAY. As
fast as payment was made, the value
of the dollar in which it was tx
pressed, was increased. TO the debt
or class, all this was the labor of
Sysiphus. The toiler laboriously
rolled the stone to the top of the
hill; but ever, when near the crest,
it got away with him and returned
with laundering and the roar of
bankruptcy to the bottom. To the
present day the process has been
kept up and, Notwithstanding the
multiplied billions upon billions
which the American people have
paid in principal and interest upon
that patriotic war-debt, which ex-
pressed their devotion and sacrifice,
1T is THE TRUTH OF HISTORY,
THAT THE DEBT ITSELF is, AT
THE PRESENT TIME, WORTH
VIRTUALLY AS MUCH AS 1T WAS
WHEN IT REACHED IT'S NOMIN-
AL MAXIMUM IN AUGUST OF
1855"
"In the contention about the dollar,
the interests and desires of the credi-
tor class were always in favor Of the
coin dollar, as they have now be-
come in favor of the gold dollar
only"
The foregoing quotation, aside
from its historical value, is too most
important to the present generation,
indicative of the fact that though
her people were victorious in the
war; nevertheless, the designing
few" e throughout, engineering;
so regardless of who won; still, the
victors would have at best but a
shallow victory" for they, along
with the vanquished, ever after, eco
nomically, socially and financially,
would each be subversive to, and
under complete domination of the
designing few"
You rightfully now interject the
question-"but surely the design
ing few cannot become so aban-
doned to right, equity, justice and
fair dealing, that to subserve. selfish
desire on their part, they will even
look upon fellow citizens as a legiti-
mate prey"-well, the answer is for
you to make; and this must be done
by you in the experience of the past,
along with recorded history together
with your observation.
You have at your beckoning-all
executive officers-all judicial ma
chinery-all legislative machinery
of township, city, county, state and
federal-your security, safety, well
fare and happiness rests in your own
hands.