Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1868-05-01
The Illinois Democracy ON the National
Finances.

ne
Finances.
The resolutions in citation to the finances,
taxation, the tariff, &c., adopted by the De-
mocrats of Illinois, at their recent State
Convention in Springfield, are as follows
Resolued, That in the management of the
finances OF tho country, and in the various mea-
sures proposed and those already enacted into
laws by the party in power, they have shown their
utter incapacity and untness to control the legls
lation of great country-in the first place by so
arranging the taxes and burdens OF the Govern
ment that they fall alone upon the labor and in
dustry of the country, and by exempting the accu-
mulated wealth from taxation they cast upon the
toll of the country what should be borne by each
and every person 10 proportion to his accumula-
tion in accordance With the fundamental law
and, secondly while by their nroAigate expenditure
and criminal waste of the money Of the people, in
support OF schemes of partlzan ACKNOWLEDGMENT
that the present debt OF the country was con-
tracted and, in pursuance of law, We are in favor
of dischargiDg to the utmost farthlng.
Rescued, That the national honor, Financially,
been in all respects That the present system was
contracted in paper issued by a Federal Govern
ment, and which was declared to be lawful money
by the legislative authority OF the country, and
which, while accepted by the Government for the
larger part of it's assessments, and paid out to the
soldiers and other defenders, should be, as by its
terms it is receivable ia satisfaction by the hold
ers Of the pledge of the faith of the Government
in all cases except wherein different standard of
value has been stipulated for.
ResOlUed, That the vast bulk of the indebted
ness of the country, known 5.2Os, are lawfully
payable in legal tender notes of the Government,
and shou d be paid, the said oblig atoms are
within the power Of the Government to relieve and
discharge, and that whereof the faith of the Gov
ernment is pledged to pay in gold, we will 80 full
fill, and beyond that we will not go.
Resolved, That the present system OF National
Banks and should be abolished at once, and
the notes of the said institutions redeemed, and
their place relieved by non-nterest bearing notes
of the Government, thus saving annually to the
people 50 100000.
ResolUed, That all the wealth Of the country
whether invested in Government securities or 9TH
erwise, should sustain its full and fair share of
taxati On.
Resotoed, That the present tariff system is an
unjust and unequal tax levied on the consumers
of the country, and which falls with peculiar forco
upon the agricultural people of the West; and
while it is extensively designed to bring revenue
into the treasury, yet in many instances the Gov
eminent is in no respect benefited thereby, as it
merely serves the purpose of enhancing the pro-
fit of the manufacturers Of SIN all section of the
Union.
Resolved. That we are opposed to all such pro-
tective and sectional legislation, and demand that
trade shall be left perfectly Free subject only to
the imperative necessities Of the government.
Resolved, That by the present system the West
is despoiled to enrich the manufacturers of an
other section, while III the present forced political
subjugation of the South industry is parayzed,
and e.eby of the great markets Of the West
is wholly DESTROYED.