Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1874-10-23
National Currency Leagne.

An Important movement was set on foot
= few months since by the National Cur
rency League" an organization whose
! objects are no secret, though its opera
tious are carefully kept frcm the public,
Tae headquarters Of the League are in
New York G ty, with auXiliaries forming
in all ports OF the Union. No person
can learn the mysteries Of the organiza-
ton without first subscribing, with his
own hand, to the following:
DECLARATION OF PRINCIPLES.
VRereos-The history Of the United States
rs well as that Of every other nation, has been
| marked by frequent panics, involving severe
loses in all industria! and commercial interests
causing great suffering and materially retard-
ing the progress of national well as indvid-
u1l prosperity aud endangering the perpetnitT
of Republican institutions and
Whereas 1t is evident that these periodical
disturbances ot trade have been caused Ly a
blind subseryiency to a ia lse monetary system-
a system which fails u recognize tie lact that
all values not excepting gold aud silver-are
constantly changing aud are estimated, from
time to time, only by way of comparison and
then, necessarily, in very indefinite manner
thus making ordinary business calcu, ,atiuns un-
certain and unstable and
IPhereds The present National Bank note
currency is the best bank paper ever issued, but
less desirable than Legal Tender notes, though
the latter are as vet imperfect; and
Pherers - Second only in Importance to the
joint and harmonious action ~ capital and la
Dor is a properly regulated and limited supply
Of currency, based upon suuEd financial princi
pies, having the interests Of the mass OF the
people primarily IN view, the first requisite for
business being tuken recognized throughout
the land as uuit OF currency for measuring
values and
lYbersos In the iutcrchangrabiitv at hold
ers' option Of currency with Guverumeut bonds
bearing tix ii rate Of interest, we recognize "A
Princi PIE that VIII regulate the movements of
Finance and Commer ce, and make such unit
measures of value Inrre nearly perfect and sta
BILE than gold AMI silver and
WLcreds-With n sound currency, which is a
paramount duty of the general government 10
provide, many of the evils which have come up
on the country through strikes Of labnrng men
and The nuInarOus emb trresmpnts which grow
out OF the uncertainties Of trade, may be avoid
ed therefore he il
R>solted First THAI 1t is our duty as citi-
zers, to urge upon public attention the necessi-
~ tor monetary system which shall fully ac-
cord with the spirit of our free institutions Civ
ing the people full and perfect legal tender
unit issued bY the Government, aud thus bas-
ed on the entire wealth Of the people.
Sscond-Thut in order to absorb any surplus
Of Legal Tender notes that may at any time
exist over and above the sum required to mect
the Legitimate demands Of trade without undue
contraction and tn inaugurate a self-adjnsting
system, which shall be bevOnd the cputrol Of
any combination, the Glvernmeut should issue
in exchange OF such currency required
by any person presenting the same in sums of
one thousand dollars and multpes thereof
bonds bearing Interest at the rate Of, say, 3 IS
100 per eeutum per annum, the principal q
said bonds being made PAYABLE in gold at a
hxei date or in the perfected legal tender notes,
on demand, interest PAYABLE semi-annually nm
til the principal is demanded, aud then in full
10 date,
Third--That we will urge by all appropriate
means the issue Of paper mnney by the Cow
ernment, which shall be legal tender tor all
purposes whatever. and also convertible, AT the
option Of the holder into bonds bearing interest,
said bon Is being convertible, ON demand, into
said legal tenders.
Address,
NATIoSAL CUREVNcY LEAGUE.
New York City.