The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1874-01-08
NEW HAMPSHI RE.
The Republican STATE Convention.

The Republican State Convention.
CONCORD. Jan. 1.-The Republican State
Convention met here to-day and was largely at
tended
President with Vice Presidents from each coun-
ty.
After other prelimnaries the convention
proceeded to vote for Governor The first was
informal in which twenty-three gentlemen were
voted for, Luther McCutchings of New London
being the favorite and receiving 1874 votes out
of 500 cast. On the third ballot 602 votes were
cast, of which McCutchings got 320 securing
the domination. His principal competitor was
Charles HI. Bell of Exetor who had 267 votes.
The nomination of McCutchings was made
unanimous
The following resolutions were adopted:
First-Resolved, While we recall with pride
the noble origin, the heroic career and the
benifcent achievements of the Republican
party, we regret and condemn the want of fl
deity which has characterized few of those
whom it has trusted with place and power
Second-The bill providing for back pay and
increase OF salaries, passed by the 42d Con
gress, was violation of the pledge of econo-
my contained in the Philadelphia platform, re-
newed by the press and on the stump through
out the Presidential campaign and reaffirmed
after the election Of President Grant,
Third-We call upon our Senators and Rep
resentatives to vote for the unconditional re-
peal of the so called salary act of the AID Con-
l.
re-establish all salaries, including the snlary of
the President of the United States, at the old
scale, SO far as the constitution will admit
Fourth-In view of the prevailing industrial
and financial preston, we call upon our Sen
ators and Representatives., who have profted
by the back pay voted by the 42d Congress to
make restitution to the government which they
have helped to embarrass
Fifth-We earnestly invite the cooperation
of the Republican party of other States in a
r,,it n 6ofar ,o6 OF TO
ganizaton from reproach from any quarter, so
that it may continue to occupy the proud posi-
ton of being the party of the people, for the
people and by the people.
Sixth-As in republic, there sh uld be no
privileged class, and the burdens of govern
ment should be equally borne, we pro est
against any revival of the abuses of the frank
ing privilege, and will hail the day when free
passes, favor tism and ali unjust dissrimina-
tons shall be eliminated from railway manage
ment, and corresponding reduction made in
fares and freignts o the whole people,
Seventh-We call upon Congress to pave the
way by early and wise legislatio for such i'm
provements in our banking system for speedy
return to specie payments, as will be most ben
eflclal to the great industrial and CONN eIcial
interests of the cou try.
The resolutions also EN- 6orse the present tenn
perance laws of the State, and appeal for a
higher moral tone on the temperance question.
They nounce special legislation, land grants
W idiIodoS, anu approve Oh IreSlQeDG Graflb 8
message in reference to legislation during the
last hours of a session. They also applaud the
| purpose of Congress to cut down appropriations
| and demand that luxuries shot Id bear the bur-
| den of taxation.
Gen. McCutchins appeared and accepted the
| nomination for governor in brief speech
The convention then balloted for a candidate
| for railroad commits ioner and nominated DR..
| Granville p. Conn, of Concord, who had 245
| out of 458 votes.
The investment nearer home they consider
satisfactory with but few exceptions.
In tabular statement they estimate the to-
tai resources Of tie bank, including Treasy's
defacation to be s., 596 21437, and the total de-
ficiency above the amount of the defalcation to
be S19,2l2.11. They also consider that change
in the officers of the bank is necessary to re-
store confidence in the depositors. They dc
not impeach the honesty of the Trustees.
The Concord Savings Bank.
The Bank Commissioners, who have been ex
aiming the affairs of the National Savings
Bank, Of which W. w. Storrs, the Treasurer
was lately proved to be defaulter, have con
cluded their investigation. TIE Commissioner
report that they find it impracticable aud con
slider it anadvisable to call in the books of de
poStors so as to make an examination beyonC
possibility of error. They find from the book
of the Treasurer that the amount due deposi
tors, according to his figuring was 81 552, 471.7
up to Jan. 1st, 1875. An examination shows tina
this sum was less than the true amount and
that the amount on that day actually due de-
postors was ST. 615, 42648. The difference il
defalcation of the Treasurer.
The depositors are considered by legal coun
sci to be amply protected by the Treasurer