, 1874-07-04
IOWA AND HER PLATFORMS.

IOWA and HER pLATF0RM8.
Tho Btate OF Iowa, 80 fer as tho action Of her
political parties Ia concerned, dcaorvos high
honor for tho manner In which tho 6tnto has
tion and imitation cast upon her BY majority
OF her delegation in Oongrosa Tho Republican
Convention and tho Autobiography Convcntion
both seemed to appreciate tho degradation In
yolved In silence on tho question Of national
finance when majority Of Congress had voted
the State should omphatioally doclaro for tho
maintenance OF tho natiounl honor. Takon In
tho order of their adoption, these revolutions
road nH follows:
Flrat, tho Anti -Monopolsta reaolvods
That the faith and credit OF tho nation muat b
maintained tnvolato that tho public dcbt, OF what-
over kind should 10 paid In strict accordance with the
Inv under which 1t waa contracted; that m OVER
tRauo OF papor money being ut vAr1Anos with tho
principles Of Hound financial policy, the circulating
medium should bo based upon ita redemption in spot!s
ut the earliest practicable dny md its convortabity
into spcole oquvalont ut The ll Of tho holdsr and
that subject to teso rearicons It Ia tho duty Of Con-
gresa to provide by appropriate lcgfaRtton that the
volume Of our 0orornmcnt currency shall ut all times
be adequate to the gonoral business and Of
tho country, md bo oquitaby distributed among tho
several Slater.
Second, the Republicans resolved:
That wo faror ouch legislatfoa "a shall
make National Banking freq to all undor Just and
equal LAWS, based upon tho policy Of specie resump-
ton at such time Is conBiaont with tho material and
industrial interests Of the country to the end that tho
volume Of currency may bo regulated BY the natural
Laws Of trade.
That we rcalrtn tho declaration Of tho Republican
National Platform Of 1874 III favor of tho payment by
tho Govornmnnt OF tho Unitol BtatsB Of Ill Its oDlaGs-
TONS in accordance with both the letter and the apirtt
Of tho laws under which such obligations Issued:
anu we declarc that, In tho nbsenca Of any eKprcRB
provision 10 thu contrary tho obligations Of the Gov
crnment, VIXEN issued and placed upon the markets. Of
tho world are payable IN the worlds currenoy-towit
spocie.
Here ne have the unanimous declaration Of
tho pooplo OF Iowa, represented In opposing
Conventions, that 1t ia the duty OF the aovern-
mont to p1aco tho currency Of tho country, bank
as we'll as nntioual, upon tho basis Of specie re-
demption at tho earliest practicable moment,
and that tho outstanding indebtedness Of ths
Government should bo paid In striot accordance
with tho Law under which 1t was contracted,
Tho Republican resolution Expresses the OBJ
ligntion to pay tho national bonds in coin moro
directly when 1t says that, "in tho absonce Of
any express provision to the contrary, the obll-
cations Of tho Government, wien issued and
placed upon the markets OF the world, ars paya-
bio In tho worlds ourroncy-to Wit: specie"
But tho resolution Of tho Anti -Monopoliats that
"tho faith and credit Of the nation must bo
maintained inviolate and that tho public dobt Of
whatever kind should be phid In strict accordance
with tho law undor which It WAS contracted, is
rendered more emphatic by tho declaration that
tho circulating medium "should be made con.
vertiblo into q specie equivalent nt tho
constitute financial codo Of tho most honora-
bio character, and constitute fitting re-
buke to those Congressman and newspapers
that hayo represented the people Of the West
and Of Iowa as In favor Of deprecated currency
and tho payment Of any portion OF tho public
debt iu Rrosnbaoks. Tho resolution Of the Anti
hfonopolsts alto especially reprobates an intla-
Hon Of tho currency IS at styarianoe with ths
principles OF a sound financial policy"
I'VE otto thoHo resolutions as an all-suG1cient
anawer to tho dcmagogues who haTo boon repre-
aonting that tic pooplo Of Iowa, and OF the Weat
generally, wero iu favor Of tho ioosest kind OF
financial policy that they wanted new iaaue
Of greenbacks to make money plonty and cheap;
that they wore in favor Of seizing the s1oo, ,ooo-
600 Of bonds deposited by tho banks a. se-
onrity for tho bank circulation and rc-
doeming thom with deprecated paper
and that thoy wero In favor OF ! sub-
etitution of paper for coin in tho buainoss Of
tho Government. Tloso wild and dangerous
thoorioa have been proclaimed as the sentiments
Of tho people OF Iowa, and how TAR tho people Of
Iowa repudiate all such principles and policy let
the revolutions of both parties attest. All honor
to tho peoplo of Iowa for thsirprompt and manly
viudlcation Of their own integrity, and for tho
thorough support they glYo to the national