The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-11-26
ANEW POLITICAL PART

|
party, basdd upon a national clurrencv nlat.
form. Horace II. Day of New, York. Alex.
Campbell OF Illinois, Alex. Troupe Of Con.
necticut, and L. a. Wood of [entuckv were
among the most appointment me- il in attendance.
James Buchana N, of Indiaila holis, was elected
President; So o. Wood and two Indianians,
We're chosen. Vice Presidents.
comIllttee of thirteen was appointed TO
make q declaration OF principles and to report
tins evening The platform is understood to
De Very brief re-atfirming in effect the finan-
Grill plank Of the National Bank and the sub
!. stitution of legal tenders and incontrovertible
f notes.
A preliminary national meeting will be held
in Cleveland in March or April next when the
propriety of nominating presidential candi-
date will be discussed.
Indiana, Illinois, Michigan, New jersey
Kentucky ana Ohio were represented. Let
ters were received from Geo. P Drew, of
New Jersey, Henry Carey Baird, of Philadel-
phia, John A. Thomson, of West Virginia,
and others, favoring the movement.
INDIANAPOLIS, Nov. 25.-The Independent
Convention reassembled at o'clock this even
ing and was addressed by their chairman,
Hon. James Buchanan, who also read letters
from a number Of gentlemen identified with
the movement, who had been invited to at
tend, but could not be present. Among them
were Hon. John A. Thompson, West Virginia;
L. Worthington Morrow, Ohio; Wallace B.
Broome, of New York Mercantile Bulletin: D.
A. Mahoney, of Dubuque Daily telegraph and
Henry Cary Babb. All of these gentlemen
warmly commended the objects of the meet
ing, assuring Mr.. Buchanan Of their heartiest
sympathy Herewith, and regretting the cir
cumstances which prevented them from being
present.
- H..
session on organization and declaration Of
principles, made the following report:
| In view OF the great suffering to which many
| Of the industrial interests of the country are
now subjected, by reason of past vicious legis-
lation, in relation to the finances of the nation,
| by reason Of discriminating and extortionate
rates of transportation between the various
market points of the country and producers,
and the I'M ust discrimination in our revenue
system, by which certain interests of the
country are promoted at the expense of other
interests, all Of which are evils demandingr re-
form; and as after years of importantly to ex-
listing parties no redress of these fragrant
abuses has been afforded, we realize the ne
cessity Of new political organization of the
people, by the people and for the people, to
restrain aggressions OF combined capital upon
the rights aud interests OF the masses, to re-
duce taxation, correct abuses, and to
purify all the departments OF the gov
eminent. Your committee, to whom was
referred the subject Of setting forth
declaration of principle as basis upon
which to call preliminary National Ccnven-
ton, have maturely considered the same, and,
believing that the proper solution Of the
money question more deeply affects the ma
terial interests of the people than any other
question, and that it directly and indirectly
affects all other economic questions in issue !
before the people, therefore we commend
the following basis of Union:
l. 1t is duty of the Government to estab- |
lish monetary system based upon the faith |
and resources of the nation, in harmony with |
the genius of the Government, and adapted |
to the demands of legitimate business. To |
this end circulating notes of all National and |
State Banks as we'll as local currency, should |
be withdrawn from circulation, and paper
money issued by the Government directly to
the people, without the Intervention of any
system of banking corporations, which money
shall be a legal tender in payment of all
debts, public and private, duties on imports
included.
This money to be interchangeable at the
option of the holder with registered govern
ment bonds, bearing rate of interest not
exceeding $50 Der cent per annum.
2. Interest on present public debt and the
portion OF principal of same which is by
express terms of laws creating it, payable in
coin, shall be SO paid
Your committee recommend national con-
venton of all people who can agree to the
foregoing financial proposition, to assemble
in national convention at Cleveland, Ohio, on
the 18th day of March, 1875, to perfect a
national platform and to appoint time and
place for holding National Independent Con-
vention to nominate candidates for President
and Vica President and oil who ful1xy in1orca |
the foregoing basis of union, shall be cordially
invited to participate. Said convention shall
be a mass convention, but all votes therein
shall be taken by States, and that each State
shall be entitled to number of votes equal to
twice the number OF it's representatives in the
National Congress.
Your committee further nominate and re-
commend for national executive committee,
with power to add to their numbers and to
change date Of preliminary national conven-
tion if exigency requires the following
land; r. F. Trevelick, OF Detroit A.
c. Cameron, of Chicago; E. NJ. Davis,
of Philadelphia; Thomas Buchanan and
E. A. Alleman, of Indianapolis; J. S. Camp
bell, of Rockville, Ind. r. NJ. Hazelett, of
Greencastle; L. A. Wood, Of Louisville, KY. !;
A. l.. Ogg, of Greenfield, Ind. r. H. Carr, OF
Ind; r. A. Thompson of Blunts-
vile, ma; OvensOn Walcott, OF White
county, Ind; Thomas Jones, of Lafayette;
John A. Thompson, Of Summit Point, West
Virginia S. NJ. Smith, of Kenawnee, ILL.,; E.
o. Olleman, of Indianapolis, Chairman I.
B. Buchanan, of Indianapolis, Secretary
The report was, after considerable discus
sion, unanimously adopted, and the Conven-
ton adjourned.
New YORK. Nov. 25 - Leather unchanged
hemlock sale Buenos Ayres and Rio Grande
light middle and heavy weight 26l@30; Califor-
MIA do. 254 1928. common do. 26@29. wool firm;
domestic fleece 1890 pulled $3.50; uawashed
l70l38; Texas 1896. Freights to Liverpool
quiet. Cotton by sail $50 seconds; steam ;.
Corn by sail II; steam 8. Wheat by sail u by
steam s..
rUSCCMBA SUFFERERS-kNlGTHS TEMPLAR.
MEMPHIS, Nov. 25.-The committee ap-
pointed by the Chamber of Commerce OBJ
tained $1,000 in money and supplies to-day tor
the Tuscumhia la sTfferers which will ha |