East Saginaw courier., 1865-08-30

Office, and we regard it as a proof
integrity in marked contrast to tn
bribery and corruptions which have
recen tly characterized and disgracei
oflici al station.
! Resoired, That tho assassination o.
the L resident of tho United State:
was an act of unmitigated barbarism
alike destructive TO civil government
and abhorrent to the sentiment. oi
Christian men throughout the world,
and receives the most decided repro
bation of the Convention. III -rr
| WnEREAs, The national debt is
about three thousand millions Of dol
I'lars-a sum equal to about ono quar-
ter OF all tho taxable property of the
United States --and is drawing rate
of interest which has been proved to
be ruinous. uEa-gET
AND WHEREAS, the evidences of
this debt mainly purchased with de-
preciated currency, constitute at pres
ent the principal and are designed
ultimately to constitute tho entire
banking capital of the country--and
are exempted from taxation, thus ex-
onerating the major portion Of the
active capital Of the country from
sharing tho burthens imposed by the
war and imposing upon the lands and
the labor Of tho people, burthens
which must result in practical repudi-
alton, therefore, ~
q. Resotrsd, That the only escape
consistent with justice lies in q policy
which proposes TO absorb outstanding
bonds by new issues bearing less
rate of interest, subject to taxation
and secured by pledge of the entire
revenues of the government except so
far as they may bo needed to defray
its current expenses. England and
France established the wisdom and
necessity of such a policy and fur
nished precedents in the light of
which creditors of the government
have purchased its securities.
7. Resorcf That sound economy
recommends that each State should be
assigned its several proportion of the
public debt for collection, to the end
that the people may be relieved from
the payment of an army of national
tax ax-gatherers, the expense Of which
enormous "peace establishment" it is
estimated will about equal the entire
present Indebtedness before the period
expires for its extinguishment.
:. Resolred, That Congress has not
tho power to exempt from taxation. by
tho States for State objects the ieve-
nues Of their citizens, and we there
fore recommend that the next
Legislature provide for the taxation Of
incomes derived from national bonds
in such manner ias to equalIe tho
burthens of tho people.
o., Resolred, That the Democracy
adhere to their ancient principle of
legislation, expressed by the maxim
" the greatest good to tho greatest
Number" We are, therefore, oppos-
ed to protective tariff, the operation
of which will build up monopolies in
the East at the expense Of the farms
and industry of the West.
10. Resoired, That wo are opposed
TO any Union Of church and state as
contemplated by the ruling pulpit ele
ment of the Republican party, and in
favor of tho largest liberty of con-
science as declared in the Constitution
of the United States.
H. Resoired, That the oncroash-
ments of European powers upon
American nationalities, should be
guarded against and opposed by such
force as MAJ 90 needed, and that we
plodge our support 10 tho application
and enforcement of the Monroe doc
trine to the present condition of the
Mexican Republic.
II. Resoired, That VIC are opposed
to conferring tho elective franchise
upon the negroes of this State; that
the immediate enfranchisement of this
enervated and ignorant race would in
troduoe into our system an element of
disallection, danger and corruption
would be productive of injury to the
oiacas ..hAn?salves: would disturb our
system of labor Our social orcaniza-
ton and make the State of Minnesota
place of refuge for the scum of
Southern Slavery.