The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-18
power may De over black and white citizens

power may ne over black and white citizens
sss0ns,Ihat e one q the Of the late
ury notes were issued TO- and held by the people
pie 70 attempt policy Of immediate cancellation OF any
the laws or nH the estabshment of national
best sat ever ana Seoe o
the psSps 10 Issuance should be no longer cended 2
general and equal laws the aggregate vonme OF cur
e The he 81 iE
keplbicsn Convention Of s72 in favor Of return o
SpsSss and ten
the volume 81 the national bank notes shall be
W4-That we commend the measures which have
81
R ~ ~, any ns mpr9yemen OF navigation at the
stz aTha. We are n favor Of amendment to the
ton Of President and Vice President by vote
q the people, without the Intervention Of the Electoral
rspss.
fuly = the powers ;hem the state ana
WIZ II e.
h 81 Inc e tho
Dsniss Q. thus Stale tho fullest measure Of properly
CHARGES Tsa in he pfGsS %
sos be O
and rs poa as 0rssoS Of
pnbcsn pary during is nesn years q State and fed
people win ndorse the action of this Con-
A long and exciting debate ensued during the
consideration OF the resolutions, when the last
the committee, was stricken out, and the whole
was then adopted as amended
Ts his S
ss paying s9s debts q the
repeating Of the Legal Tender act. (Applause.)
II that was done he would regard it as repudia-
tween the bill holder and the government. The
national banking currency should be made
ee 1t Is good currency based on
the government being pledged to the redemption
OF the notes, As long as the government was
IN the United States were enjoying the benefit or
the National Banking act, and they had q monop-
lican government. Banking should be free and
every man should be allowed to run q bank II he
pleased the business Of the country and not the
In the course OF his remarks he said that the
resolution on the greenbacks was good one and
OF great meaning; cancellation OF the greenbacks
meant the wping out OF the only currency with
which debts might be paid and the business OF the
nation carried on Gold and silver had been driven
from circulation and greenbacks were the agents
IN the hands Of the people with which to dis
charge their obligations and pay their taxes.
the people Of the only medium Of exchange they
mere tie poctss goa 81 s na xn Sss
why should they Sc called repadiarionlsts
to carry on the business OF the countrys There
was not enough difference OF opinion on that SUBJ
ject to ALLEVIATE personal or political friends;
The nte stntss had Of not opinion sr ~:
its wealth and magnitude 81 any W. other
civilized country. He was not an infatiOnist, but
uoh mr. w q no m orru
on the business Of the country. He was for
not say there Was not money enough n 7,
the country to determine. He quoted from
the President to show that the country
had not money enough He saw industries par
al the LAND and
sufficient money. That was evidence enough for
him that there was not money enough IN the
country. He fully Endorsed the resolution
when the government had the power and
ability to resume 1t should resume, but not till
then. It meant that and nothing more. The
payments without financial crash, When the
s Wouia have to resume. He was not opposed
to specie 20 put ne o d Inc on y Win
house 60 the cellar, while he wanted to go down by
the ladder. He was IN favor or the debtor class,
and farmers VINO had mortgages on their farms for
which they got greenbacks should not be compelled
to pay the mortgages In gold. He did not
Illinois, their farms and homes and shops. When
was not Ia debt to foreign countries and
the balance OF trade was not against 1t,
but IN its favor. 1t could return to specie pay
menus to,morrow. but neither he nor any one
The Convention then adjourned.