Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1837-08-05
IN. Y. DEMOCRATIC REPUBLICAN YOUNG
MEMS COMMITTEE.

n. Y. DEMOCRATIC REPUBLICAN YOUNG
MEMS COMMITTEE.
At u special meeting of the Democratic Re
publican Young Mems General committee held
at Tammany Hall ON Tuesday evening, June
18th, 1897, the following preamble aud resolu-
tons were read and adopted
Whereas we cannot contemplate the present
posture of affairs without deeply feeling the vast
ness of the considerations now resting with the
people; and whereas, as representative body, 1t
devoyes upon us to express icarcssy and ex-
plicitly, our opinions upon the topics Of the day
Therefore be it,
Resolved, That our present pccunary difficult
ties are TO be attributed to the unwarranIed IN
crease of specially privileged chartered lnsiltu-
tons, which have sent sHarms of bank notes a.
mong us, deprccuting the constitutional curren-
cy-ailecting the wages OF labor-eXhorbltant
increasing the price of the necessarics OF life
adding fictitious value TO all things, and there
lby consuming our substance; To the wild and
unrestrained spirit of oyertrading, engendercd by
proluse and enormous issues OF bank paper, by
unrestricted bank credits, and by nsntintc desire
for wealth, producing ruinous oXiravagonces aud
speculation "rithout means"
/ 10 the mad and unchecked spirit Of land spec
iulatlon, also cnliced and encouraged by proilse
Ibank facilities, producing general pccunIary en-
barrassment, suspension and ruin.
A To the passage the act by the last Congress
known as the Distribution Law, intensely aggra-
WAITING these evils by its violent action upon trade.
n Resolved, Tha, however n corrupt opposition
may accuse the late or present administrations,
with producing our distress, they cannot deludc
the common sense of the paoplc. who IN the pres
At Revision IN England behold ike causes pro.
eng there, as here, like effects.
Resolved, That We are opposed 10 tho Suspen'
on Law, because We consider the Legislature
ought not to fasten upon the community popei
currency, and by Iegal protection, make 1t worth
4 ss and ucdeemabo. Because II IS step TO-
wards perpetuatng that mad career OF wild spccu-
paton which has produced results Tulnous to the
tnorc honest employment Of the mechanic and
kadesman. Because il must increase to an a.
Farming extent the amount Of paper in circulation,
whilst ut the same time il decreases what paper
lis intended TO representative more genuine basis
hofh hard currency Because il is detrimental to
khe poor man OF honest industry to the rich man
with solid riches, and only beneficial to banks, 10
brokers and to foreign capitalists
l Resolved, That the lirm adhesion Of President
Ivan Buren, to the expressed law of Congress
(which requires debts due to the Government Il
bc paid in specie, or bills of specie paying banks
Eannot but meet with the admiration OF good A
lrnercan citizens, and We arc contideCt bad th'
persuasions or threats Of men assuming TO be tn
"whole community" prevailed, that those yer.
individuals would have Impeachcd him for ofiica
misconduct,
Resolved That the fact being fully and prac
tioay established, that all special bankIng moor
operations are not only Ill opposition to the sPlr
of universal rights but hIndrancc to the accun
lula,ion oil property by honest industry and health
lfl competition Of free trade, therefore II but re
mains for us to guard ourselves against part
who have publicly proclaimed "That the posses
sion of property is the proof OF merit and VIII
would, by charerlng National Bank tasten "
lon US chains more desplcablo than ever the II
genuty Of tyranny invented.
Resolved, That the political principles avowe
lby Andrew jackson, and so triumphantly sustain
led during his administration, and which have cor
l,rbuted so largely to the freedom and happInci
Of the people, will, We are confident, be fearless
maintained by Martin Van Buren,.
Resolved, As young men growing up with Il
Interests of this city. We feel the Importance
hhe result of the present crisis upon our intu
1ospects. and will watch steadily our right
kepiug an eye upon those men whose zeal IN 7
buse ofthe people is in direct proportion TO y
Evantages they may gain from chartered and OF
lr privileges, and will always present an unshril'
he front to our enemies, foreign and domestic.
WAS
Resolved, That the proceedings be signed
The chairman and secretaries, sud PublIshed IN
the Democratic papers.
PHILIP S. CRO0KE, Chairman.
CHARLES YATES, Secretaries.
EpMUND STEWART,