The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-03
TAMMANY ON FINANCE.

The General Committee Splurges on the
Financial SituatiOn-The Action Of
Congress Condo mned-DemOcracy, SPEC
Gle Payment and Free Banking the
Panacea.
The Tammany Hall General Committee, at their
monthly meeting last evening, took up their chief
business the now a-mportant question Of the
financial situation. william H. Wickham was
called to the Chair. As as the meeting was
organized communications were received from
Thomas W. Gldes, Thomas owen and Nathaniel
Turpenny, of the committee from the Twenty first
Assembly district, rendering their resignation
This of course, was accepted, and William Wood,
Bernard Gormley and William J. Kenny appointed
to take their places.
MINOR MATTERS.
The subcommittee OF the Committee on
Organization reported that, after care
fully considering the matter they con-
cluded that the petition OF Walter Gibson,
and other residents OF the Twenty first Assembly
district, to change the method Of conducting prl-
mary elections could not be approved. The plans
suggested ny the gentlemen in question would,
the committee thought, furnish no correction for
the evils complained OF, and were, besides, iln-
practicable II not impossible A number OF rea-
sons OF little no interest," 10 the general pubic
were assigned by the committee Tor their conclu-
illusions on this subject.
FINANCES AND CONGRESS.
Peter B. Olney then presented the following
resolutions, as expressive OF the opinion OF the
Iammany Hall General Committee on the present
fna ncial situation, the action oil Congress IN
ence thereto and the necessities OF the present
condition OF afairs:-
TAMMANY ON FINANCE
the gross by the present ad
monetary panic causing disaster and all classes
CO Of the 6oe co an Snan w amt
and misery on the iaborng man; and whereas the
increase OF an irredeemabe currency and the conse-
gush aepressl11n OF paper money, wne no Steps
specie payments and to restore the hnances OF the
M sound oaa na hy " sns . E he BE-
continued, whereby the bonds and obligations OF the
naa as s on &
anG n nS NJ plan Sr sr
Gus rights and liberties OF the citizen and hitherto
without precedent among reemen TO make or ruin
absolutely the psnds Of the secretary Treasury,
Who may at his discretion increase or diminish
violation OF the law mas exercised this power without
rebuke from Congress- whereby an oppressive and
people, is maintained by the Treasury Department.
and The revenues are farmed out for the profit OF few
nuriousy affected both home and abroad. and
the democratic party has always held the doctrine that
the const utionthe Baltimore Convention ad yised The
return TO specie payments the Utica Convention did the
Resolved, That we hereby reairm these sound demo-
doctrines and deplore and condemn the recent
agpravate the evils which opprass the business
Interests throughout the country he principles OF
sound finance, the interests commercial honesty and
morality and every consideration OF the national honor
ana aada eum "n Of spsee pavmen v and Inc re-
demption Of legal tender notes
Resolved, That Il the amount Of circulating medium
the remedy be found In the further increase OF
ior in juiicous system OF ree banking lonndcd on
currency redeemabe specie or Us equivalent and the
yolmc OF currency should be regulated BY the universal
law of supply am demand.