The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1865-08-31
of interest which has proved to be ruinous

of interest which has proved to be ruinous;
and
Whereas. The evidences of this debt, main.
IL purchased with deprecated currency, con-
stitute at present, the principal, and are de-
signed, ultimately, to constitute the entire
banking capital of the country-and are ex
empted from taxation, thus generating the
major portion of the active capital of the
country from sharing the burthens imposed
by the war. and imposing upon the lands and
the labor of the people ourthens which must
result in practical Reputation therefore,
6. Resolved, That the only escape, consist
ent with Justice. lies in policy which propo-
ses to absorb outstanding bonds by new rs
sues bearing less rate of interest, subject TO
taxation, and secured by pledge OF the en-
tire revenues of the governments, except 30
far as they may be needed to defray Its cur
rent expenses. England aud France estab-
llshed the wisdom and necessity OF soch
policy. and furnished presidents in the light
of which creditors of the government have
purchased It's securities.
T. Resolred, That sound economy recon-
Dends that each state should be assigned it's
several proportion of the public debt tor col
lection, to the end that the people may be re-
lieved from the payment of an army of ma
tional tax gatherers, the expense Of which
enormous "peace establishment" it Is esti-
mated. will about equal the entire present in
debtedness before the period expires for its
extinguishment.
8 Resolred, That congress has not the
power to exempt from taxation by the states
for state objects the revenues of the citizens,
and we therefore recommend that the next
legislature provide for the taxation of incomes
derived from national bonds in such manner
as to equalize the burthens of the people.
g. Resolved That the democracy adhere to
their ancient principle OF legislation, ex-
pressed by the maxim 1.-THE greatest good to
the greatest number" We are, therefore,
opposed 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.
TO- Resolred, That We are opposed to any
union of church and state, as contemplated
by the ruling pulpit element of the republic
can party, and in favor of the largest liberty
of conscience, as declared In the constitution
of the United States.
IL. Resolved, That the encroachments of
European powers upon American nasionaE-
ties should be guarded against and opposed
by such forces as may be needed, and that W o
pledge our support to the application and en-
forcement of the Monroe Doctrine TO the pres
emit condition of the Mexican Republic.
II Resolred, That we are opposed to Con
ferring the elective franchise upon the ne
groes OF this state; that the Immediate en-
reimbursement of this enervated and ignorant
race would introduce into our system an ele
ment of disatfection, danger and corruption !;
would be productive of injury to the blacks
themselves; would disturb our system of la
Dor social organization, and make the
state of Minnesota a place of refuge for the
scum of southern slavery.
IL. ResOtced, That we are opposed TO the
Contemplated location of Indians upon our
frontier; that the blood of those who have
been butchered, the losses of those who have
been msrsudsd upon, the security of our bor-
der, the goo. name aud prosperity of our
state demand enlightened councils and vigor-
aus action.
ii. Res0lred That, should congress neg
lect 10 provide, early in its next session, a
home for disabled soldiers, il is the duty of
the legislature 10 adopt speedy and efficient
measures % repay, in Il suitable and ample
manner, the debt whish Minnesota owes TO
the glorious men whose wounds are badges of
heroic sacrifice for the integrity of the Union
and the honor of the state.
10. ResOtCed That we consecrate To per-
petuai gratitude the soldiers of Minnesota
who have returned from the field of their
fame; that to the ''dead who live" the state
will erect a monument which shall fifty menu
| oralize the gratitude ofour state and the gio-
~ OF her sons.