Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1874-10-15
National Currency League.

An important movement was set on fool
a few months since by tue National
Currency League,"-an organization the
objects of which are no secret, though
its operations are carefully kept from the
public. The headquarters of the League
are in New York City, with auxiliaries
forming in all parts of the Union. No
person can learn the mysteries of the or
ganization without first subscribing with
his own hand to the following declara-
ton of principles:
WHEREAS, The history of the United
States, as we'll as that of every other ma
ton, has been marked by frequent none
tary panics, involving severe losses in all
industrial and commercial interests, caus-
ing great suffering. and materially retard.
ing the grogress of national as well as OF
individual prosperity, and endangering
the perpetuity of republican institutions
and
WHEREAS, 1t is evident that these Pc
riodical disturbances of trade have been
caused by blind subserviency to false
m onetary system-a system which fails
to recognize the fact that all values, not
excepting gold and silver-are constantly
changing and are estimated. from time, TO
time by way of comparison, and then,
necessarily, IN a very indefinite manner,
thus making ordinary business caIcula-
lions uncertain and unstable; and
WHEREAS, The present National Bark
note currency is the best bank paper ever
issued, but less desirable than Legal Ten
der notes, though the latter are as yet
imperfect; and
WHEREAS, Second only in Importance
TO the joint and harmonious action of
capital and labor is "A properly regulated
and limited supply of currency, based on
sound financial principles, having the in
terests of the mass of the people primari-
ly in view. the first requisite for business
being token recognized throughout the
land as unit of currency for measuring
values; and
WHEREAS, In the interchangeability at
holders option, of currency with Govern
ment bonds bearing affixed rate OF interest
we recognize principle that will regu-
late the movements of Finance and Com
merce, and make such unit measures OF
value more nearly perfect and stable than
gold and silver; and
WHEREAS, With a sound currency,
which it Is paramount duty OF the gen
eral government TO provide, many OF the
evils which nave come upon the country
through strikes Of laboring men, and the
numerous embarrassments which grow
out of the uncertainties of trade, MAJ be
avoided therefore. I've it
Res0lced,-fifd; That ii is our dutv, as
citizens, TO urge upon public attention the
necessity for monetary system which
shall fully accord with the spirit of oui
free institutions, giving to- the people a
fall and perfect legal tender unit issued
by the government. ami thus based upon
the entire wealth of the people.
Second, That. in order to absorb any
surplus Of the Legal Tender notes that
may ut any time exist over and above the
sum acquired to meet the legitimate de
mands of trade, without undue contrac
ton. and TO inauguraie self-adjustine
system, which shall he beyond the con.
troll of any combination. the government
should issue, in exchange for such curren-
cy-when required by any person present.
ing the SINE in sums of one thousand
dollars and muitiples tffrrcof--p-s-t-r,c-r-
ihS ih'tiSot at tHS ieeO va soy " vs." ~
per ceftum per annnm, the principal OF
said bonds being made payable in gold N
a fixed date. or in the perfect Legal Ten
der notes, on demand. interest PAYABLE in
currency semi annually until the princi
pal is demanded. and then ia tull to date
Third, That We will urge By all appro.
rriate means the issue OF paper money by
The Government, winch shall be a Legal
tendc~ for all purposes whatever, and also
convertible. mt the option of the holder
into bonds bearing interest. said bonds
being convertible on demand, into said
Legal Tenders.