Benefactor — Tick-Tock, by Alfred Lawson — Page 1 2 3 4 5 6 7 8 9 10 11 - Next

giving them an awful whipping.
 To settle disputes a “Labor Board” was established recently on which the representative of Industry was a financier’s agent; the representative of Labor was a financier’s agent; and the neutral member who acted as arbiter was a financier’s agent. All three members of the “Labor Board” were finan­cier’s agents. Can you beat that?
 Folks, get this into your heads: You can never beat the Financier at his swindling game as long as you play it as his tout tells you to play it.
 How can workingmen win that way? They cannot. They always lose. Workingmen are worse off today than they were twenty or thirty years ago, if you figure the purchasing power they should have in proportion to their increased production power.
 But right here is where the financier’s agent fools the workingmen. He tells them that when they receive a five per cent raise in wages that they have won a battle. He never tells them how they have actually lost the battle through the loss of purchasing power in their wages.
 Of what gain is it for a workingman to have five cents added to each dollar of nis wages if each dollar has been cut in purchasing power to fifty cents?
 That has happened recently and the workingman did not know that he had been given an awful beating.
 Several years ago, I warned the people that the financiers were going to play a gigantic trick on them by revaluing the Gold. No attention was paid to what I said about the matter. So one day, when the people were quarreling about other things, the financiers got together ana waved their magic hands over their Gold piles and said these Five Billion Dollars of Gold are now Ten Billion Dollars in Gold, and the job was done.
 There was no commotion about it because the financier’s agents, the people’s heroes, said it was a good thing for the people.
 Of course, by making two dollars out of one dollar in gold raturally cut the purchasing power of the dollar bill in two, so that the workingman could then only buy one dollar’s worth of food for two dollars in bills.
 They devalued the dollar bill so cleverly and the workingman took it so quietly that they are now talking about doing it some more—that is, devalue the dollar bill so it will only buy twenty-five cents worth of food instead of fifty cents worth.
 Of course, they intend to continue paying the workingmen their wages in dollar bills and in that way fool them into thinking they are earning four dollars a day when, according to the purchasing power of their wages, they will only be getting one dollar a day.
 They could still continue to devalue the dollar until it would only have a purchasing power of five cents if you will stand for it —in which case you could receive four dollars a day wages, for which you could purchase twenty cents worth of groceries. Then the Financiers would have brought you down to Chinese coolies’ wages, which is their ultimate intention.

Home - Page 1 2 3 4 5 6 7 8 9 10 11 - Next - More Benefactors