The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1874-12-04
The New Party and the COn~
VemtfOm fm Indiana.

4He new EAPay aNO buV NVM'
VentiOn im Indiana.
INDIANAPOLIS, Nov. 25-Between fit,
and sixty gentlemen met here to-day II
! take measures to found a new nationa
! political party, based upon a natiOna
currency platform. Horace H. Day, o
New York, Alexander Campbell, of iii
nois, Alexander TroOpe, of Connecticut
and l.. A. Wood, of Kentucky, were
among the most prominent men in at
tendance. James Buchanan, of India
narolis, was elected president, s. o
Wood and two lndianians were chosen
vice presidents.
A committee of thirteen were appoint
ed TO make Il declaration of principles
form is understood to be very brief. TT.
affirming in effect the financial plank OF
the National bank and the substitution
of legal tenders and incoutrOvertihle
notes.
A preliminary national meeting will
be held in Cleveland, III March or April
next, when the prOpriety of nominatiI Z
a presidential candidate will be discussed
Indiana, Illinois. Michigan, New Jer-
sey, Kentucky, New York and Ohio
We're represented. Lett, rs were re-
ceiyed from George P. Drew. of New
Jersey. Henry Carey Baird, of Philadel-
plia ; John A. Thomson, OF West Vir-
ginla, and others faVOring the move
ment.
THE PLATFORM.
The committee appointed at the morn
ing session OH organization and declara-
tlOn of principles, made the following
report: In view of the great suffering 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
the discriminating and eXtOrtlOEate
rates of transportation between the
various market points of the country and
producers, and the unjust discrimination
III our revenue system by which certain
Interests of the country are promoted at
the expense of other interests, all of
which are evils demanding reform, and
us after years of importantly to existing
parties no redress of these hagrantabuses
has been afforded the peODIeby these par
ties, we realize the necessity of a new
political organization of the people, by
the people, and for the people to restrain
aggressiOns of combined capital upon
the rights and interests of the masses, to
reduce taxation, correct abuses, and to
purify all departments OF the Govern
mPnt.
Your committee to whom was referred
the subject of setting forth a declaration
Of principles rs Il basis upon which to
call IL preliminary national convention,
have maturely considered the same, and
believing that the proper solution of the
money question deeply effects the
material interests of the people than any
other one question, and that it directly
aud indirectly affects all other economic
questions in issue before the people.
Therefore. we commend the following
basis Of union:
First. 1t is the duty of the Government
TO establish a monetary system based
upon the faith and resources of the ma
ton in harmony with the genius of the
Government, and adapted to the de
mandS of legitimate business. To this
end circulating notes of all national and
State banks, IA well az local currency,
should be Withdrawn from circulation,
and paper money issued by the Govern
ment directly to the people, without the
intervention OF any system of banking
corporations; which money shall be II
legal tender in payment OF all debts,
public and private, duties on imports i'll
Guided. This money to be interchange
able at the option of the holder, with
registered government bonds, bearing a
rate of interest not exceeding 3.65 per
cent per anum. Second. Interest on
the present public debt and the portion
of the principal of the same which is by
express terms of the law creating it pay
able in coin, shall be SO paid.
Your committee recommend national
convention of all the people who can
agree to the foregoing financial PROPOSE
ton, to assemble in national convention
at Cleveland, Ohio, on the 18th day of
March, 1875, to perfect q national plat
form, and to appoint n time and place for
holding the National Independent Con-
ventiOn, to nominate candidates for
President and Vice President, and all
who fully endorse the foregoing basis of
union shall be cordially invited to par
ticipate. Said convention shall be a
mass convention, hut all votes therein
shall be taken by States, and that each
State shall be entitled to the number Of
votes equal to twice the number of re-
representatives. in the National Congress.
Your committee further nominate and
recommend for a National Executive
Committee, with power to add to their
anu ~ AAiduSC dbtN wa plVAtAill~
nary National Convention if ~exigency
requires, the neutrality-suspicious.; Roht.
Schilling, of Cleveland R. F. Treveliek,
of Detroit A. c. Cameron, of Chicago;
E. M. Davis, of Philadelphia Thomas
Buchanan and E. A. Ollelnan, of Indian
apolis u. S. Campbell, of Rockville, Ind,
r.. NJ. Hazelette, of Greencastle; L. A.
Wood, of Louisville. KY; A. L. Ogg, of
Greenfield. End.s r. ri. Carr. of A1eyan-
dria, Ind; r. A. Thompson, Of Blunts-
Vile, Ind; Owenson Walcott, of White
county, Ind; Thomas Jones, of Lafay-
cite; John A. Thompson, of Summit
Point w. Va; s. NJ. Smith, of Kenaw-
nee, Ill. E. o. Coleman, of indianapolis,
Chairman; T. B. Buchanan, of Indiana
polls, Secretary.
The report was, after considerable dis
cussion, unanimously adopted, and the
Convention adjourned.
NimarOdS i'm Council.