Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-11-26
INDIANA.
The Parturition of a New Party.


Proceedings and Possibilities.
| CINCINNATI, Nov. 25.-The Times In
dlanopolis special to-day says between
flfty and sixty gentlemen met there this
morning to take steps to form new ma
tional party. based en- the national curren-
cy. Horace 81. Day of New York, Alex.
Campbell OF Illinois, Alex. Troupe of Con
necticut, and l.. A. Wood Of Kentucky,
were the most prominent visitors. James
Buchanan, OF indianapolis, was elected
President, with Wood, of Kentucky, and
Two Indianians, Vice Presidents. a COM
mittee of thirteen was appointed to make
declaration of principles, who viii report
this afternoon. 1t is understood it win be
very short, reafirming in effect the finan-
cial plank of the Indiana Independents for
the adjustment Of national banks and the
substitution of legal tenders into convert
i5le notes. A preliminary national meet
ing will be called for Cleveland, Ohio, in
March or April next, when the propriety Of
nominating Presidential candidates will be
determined. Indiana, Illinois, Michigan,
New jersey, New York, Kentucky and
Ohio are represented. Letters were re-
ceived from Geo. z. breed of New jersey,
Henry Carey Baird of Philadelphia, John
A. Thompson of West Virginia, and 9th
ers, favoring the movement.
The Financial Basis Of Proposed
Union.
At the evening session, the committee
reported as follows
In view of the great sufeflngs TO which
many Of the industrial interests of the
country are now subjected, by reason of
past vicious legislation in relation TO the
finances of the nation; by reason of dis
eliminating and eXtortionate rates of trans
pOrtatiOn between the various market
points Of the country and producers; and
unjust Determinations in our revenue sys-
TEN, by which certain interests of the
country are promoted at the expense of
other interests; all of which are evils de-
manding reform. and no redress of these
fragrant abuses has been afforded to the
people by existing parties, We realize the
necessity of a new political organization Of
the people, by the people and for the peo-
pie, to restrain the aggreSsions of COM
bined capital upon the rights and interests
of the masses, to reduce taxation, correct |
abuses and purify ali departments of the
Government.
Your committee 70 whom was referred |
the subject of setting forth a declaration of |
principles as a basis upon which to call |
preliminary National Convention. have |
maturely considered the same, aud believ- |
ing that proper solution of the money |
question more deeply affects the material |
interests Of the people than any other one |
question, and that il directly affects all |
other economic questions in Issue before |
the people, therefore we recommend the |
following basis of union:
l. 1t is the duty of the Government to |
establish a monetary system based upon the |
faith and resources of the nation, in har- |
mony with the genius Of this Government, |
and adapted to the demands of legitimate |
business. To this end the circulating |
notes Of all National and State banks, as /
well as all local currency, should be with
drawn from circulation and paper money /
issued by the Government directly to the
people without the intervention of any sys-
tenn of banking corporations, which money |
shall be legal tender in payment of all
debts, public and private, dut.es on i'm
ports included; this money to be inter /
changeable at the option of the holder with |
registered Government bonds bearing a
rate of interest not exceeding 3.65 per cent
per annum.
2. Interest on the present public debt
asd that portion of the principal of the
same which is by the express terms of the
law creating it payable in coin, shall be so
paid.
Your committee further recommend that
all people who can agree to the foregoing
financial propositions assemble in National
Convention at Cleveland, o., on the 18th
of March, 1875, TO perfect national plat
form, and to appoint time and place for
holding National Independent COnven-
ton to nominate candidates for President /
and Vice President; and all who fully in-
dorse the foregoing basis of union shall be
invited to participate. Said con
ventiOn shall be mass convention, but all
votes therein shall be taken by States, and |
each State shall be entitled TO number of
votes equal TO twice the number Of its Rep
in the National Congress.
The committee also dominated a Ma
tiOnal Executive Committee.
The report was, after considerable dis |
cussiOn, unanimously adopted, and the con-
yention adjourned.
bloody Politics
During heated political discussion at |
Burlington, in Rush county, Indiana, Mon !
day night, three men were stabbed with |
pocket knife by one Wightman. Wight |
man then started to run, and was shot in |
the side by some unknown person.
Somebody Playing Dan voorhees,.
TERRE HAUTE, IND, Nov. pa let |
ter purporting to have been written by ID. |
w. VOORHEES,, and discussing various politi- |
cal issues, was published in the IndidndpO- |
lis Journal of this morning. Mr.. Voorhees, |
pronounces the letter forgery, every line |
and word.
Shall the Har1essed Lightning Go |
Untaxed:-A Question Of Forty Mil |
liens.
INDIANAPOLIS, Nov. 25.-The Supreme |
Court this morning affirmed the judgment |
of the Marion Superior Court, in the case
of the Western Union Telegraph Compa-
ny against b. T. Riley, treasurer of the |
county, suit to enjoin the collection |
of taxes assessed against the company by |
the State Board of Equalization of $4,000
of its capital stock. The Superior Court |
decided that the tax could not be collected
in the opinion of the court. They say they /
see no reason why the whole amount Of
the capital stock of the company, S40,000,
600, should not be taxed if the $4,000 as
sessed in Indiana can be legally taxed, in
timating that the Legislature cannot pro-
vide for the taxation Of stocks Of foreign
corporations.
From so much of the opinion Judge |
Buski k dissenls, holding that the Legisla-
ture nas this power, but that the law under /
which the assessment is made does not /
fully cover the necessary ground to be |
taken