The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1874-06-25
Western Sentiment on the Carren-
cy Question.
RrRuBLrcAs DECLARATIONS.


In our last number we copied the pro-
ceedings of the Independents (Farmers)
in Indiana and Illinois. in favor of an
increase of the national currency; and now
we will print the resolutions of the Re
publican State conventions, held last week
in the same States.
The following is the expression Of the
INDIANA REPUBLICANS:
We are in favor of such legislation on
the question offinanees as shall make ma
tional banking free, and shall furnish the
country aeih such an additional amount Of
currency as may be necessary to meet the
oCant8 of the agricultural, industrial and
commercial interests Of the country, to be dts
tributed bettceen the sections aec0rdjrgt0 pop
,tLation: and such as is consistent with the
honor and credit of the nation and will
Avoid the possibility Of permitting capitalists
and combinations Of capital to control the cur
reacy Of the country.
This resolution is directly in conflict
with the doctrines of the veto message
and the views Of the Eastern money bar
obs and bondholders, which the latter
document reflected.
The resolutions of the Illinois Farmers
lacked the explicitness of the Indiana
Farmers; so are the resolutions of the
ILLINOIS REPUBLICANS
deficient in the directness and candor
characteristic of the Indiana Republican
platform.
That as one Of the consequences of the
late civil war, about 1882, 600, 900 of non
interest bearing treasury notes were issued
to, and are now held by, the people as a
safe and convenient currency, It 1oould be
lao0ise and uterpedient IN the present imam
ciaL condition Of tie people to attempt the pot
leg Of immediate cancellation Of any portion
of such treasury notes.
That as the laws for the establishment
of national banks have secured to the
States and Territories the best system of
bank circulation ever before offered to the
people. its issuance should not be longer
confined to privileged class, bat should be free
to all alike. under general and eqotallaocs, the
aggregate uolofme Of currency to be reg
ulqted By the matrdmmelled }a,cs Of trade.
That we reafirm the declaration OF the
National Republican convention Of 1872,
in favor Of a return to specie payments at
the earliest practicable day
CThis latter resolution perverts the
language of the Republican platform of
1872, which declared in favor of Gimme
mediate resumption. ''The earliest practi-
cable day." may mean tomorrow, or it
may mean the day before the final trum-
pet sounds.) The platform must be con-
strued by the intent of IFS founders.
The chairman who reported it conducts
the Chicago InterOcean, the leading
initiation paper in the West.
Senator Logan, prominent imitation
leader, endorsed it.
The Illinois Staats-Zeitu,ag, the recalci-
trant Republican German paper, says:
The convention decla 4 plainly aud
openly for that thing for which the Re
publican party of Illinois is working with !
low cunning-an increase Of the amount Of
paper currency.
The Farmers and the Republicans Of
Indiana and Illinois having spoken, it |
remains now for the Democrats of those
States, responsive to the votes cast by a
majority Of their party in Congress to
make the expression unanimous and to
keep abreast with the anti-monopoly tide
by declaring that they are in favor Of
such IAN additional amount Of currency
. as may be necessary TO meet the wants of
the agricultural, industrial and CONNER
6 cial interests of the country, to be dis
& tributed between the sections according
q to population and to Avoid the possibility
- of permitting capitalists and combinations
of capitalists to control the currency of the
country"
On this subject the St. Louis Republi-
an Conservative says:
'The campaign Of IA thus bids fair t.
open with the currency question at the
ront and with thlee sides to it. The
Eastern Republicans viii sustain Grant
nd his hard money platform. The Yves
ern Repu blicans, for the most part, will
,ndorse Morton, Logan and their scheme
or initiating the national bank circulation
While the Farmers and Democrats seem
Inclined to go IN substantially together on a
Teenback platform not materially different
rom Pendtetons IA 1868. At all events,
t is pretty safe to predict that the curren-
y plank in the platform of the indiana
Democrats aciH be substantially ike that Of
he Farmers.