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
Panncea.
The Tammany Hall General Committee, at their
monthly meeting last evening, took up their chief
business, the now a-imporiant question of the
financial situation. william II. Wickham was
called to the Chair. As soon as the meeting was
organized communications were received from
Thomas W. Gides, 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-nrst 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, Inn
practicable II not Impossible. number OF rea-
sons OF little or 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, expressive OF the opinion OF the
Iammany Hail General Committee on the present
financial situation, the action OF Congress IN refer
ence thereto and the necessities OF the present
condition OF afiars:-
TAMMANY ON FINANCE.
Whereas the gross msmanage by the present adj
mnistration oil the national nnance has resulted in
monetary panic causing disaster and ruin 10 all classes
commerce Of the whole country and bringing want
recent action Of Congress indicates the further
quent depression OF paper money! while no steps
specie payments and restore the finances the
try to sound and healthy conditop and sbereas the
connaed Whereby the bonds a. and ebsatiun Of the
,n are paid At premium Det9re maturity
redsmpon IN SpeaoS wSeresy the the power S aanser.
Gus TO the rights AMI liberties OF the citizen and hitherto
without precedeas among treemen to make or ruin
the fortunes OF thousands OF business men 1 placed
@S may a. ee 'o o
e % w s wh0 Gse1 ps IN
rebuke from Congress, whereby an oppressive and
free people, maintained BY the treasury department.
and me revenues are farmed out for the profit OF few
most nuriously affected both at home and abroad and
the democratic party has always held the doctrine that
the const uon-tne Baltimore Convention advised the
return TO specie payments the Utica Convention did the
Resolved, That we hereby reafrm these sound demo.
cratic doctrines and deplore and condemn the
ana aggravate the evils which opprass the business
interests throughout the country. he principles Of
morality and every consideration OF the national
demand me speedy adoption Of measures Tor the safe
and gradual resumpt OF specie payments and the
denption OF legal tender notes.
Resolved, That Il the Of circulating medium IN
the country inadequate the necesiues
the remedy canno. be found In the further increase
Tor in Judcioas system Of iree banking founded on
currency redeemable IN specie or It's equivalent and the
Volume OF currency should be regulated by
law OIL supply AM demand