The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-03-13
GREENBACK CONVENTION,


pendent, or Greenback Convention, re-as-
scmblcd at lOA.M. AspcCial committee
OF five was appointed to report u plan for
forming a National Central Committee.
James Buchanan, Of the indianapolis
Sun, reported a preamble and declaration
Of principles, which, after some discus
sion, were adopted. The preamble re-
cites that our government is founded
upon and derives its power from the peo-
pie, and that the existing evils have re-
suited from representatives setting party
above the popular interests, Tho evils
are chiefly displayed in our monetary
system and the monopoly which it has
Cngendered, this system being mon
archial in its principles and subvGrsiOn
Of the republican government, To resist
tho encrOaChments Of money, to stay the
tide Of corruption and extravaganza, and
to place the control Of tho resources and
finances OF the country in the hands Of
the people, 1t has become our duty to Or
ganiae an independent party upon the fol.
lowing basis, as no reliance can be placed
in the existing parties:
First-lt is the duty Of the government
to establish monetary system based on
the faith and resources Of the nation, in
harmony with the genius Of this govern.
mCnt and adapted To the industrial and
commercial nerds Of tho country, To this
end the notes Ot all national and State
banks should be Withdrawn from Circula-
tiOn and paper money issued by the gov
CrnmGnt directly to the people in pay
ment of government obligations without
intervention in the system OF banking cor
pOratiOns, which money shall be legal
tender in payment Of all debts, public and
private, the duties on imports included,
except that portion Of the interest and
principal Of the present public debt that
is by the express terms Of the law crGA-
ting It made payable in metallic money.
This money to be interchangeable at the
option Of the holders with registered gov
ernment bonds, being at rate Of interest
not exceeding 800 per cent per annnm.
SrcOnd-This system Of finance will by
stimulating our industries and com.
mcrcc soon make the United States the
depository OF tho precious metals Of the
world.
Third-The adoption Of this system
by furnishing sufficient money at low in
tcrest will solve the question Of cheap
transportation, because it will enable
railroads and the carrying trade to re-
lieve themselves Of their loads Of debt
and lower their rates and enable the
people to construct additional lines
whenever the interests Of commerce may
require.
fourth--Tl is the duty Of the Govern
ment in all its legislation to keep in view
the full development Of the agricultural
and mining resources OF the country and
it5 manufacturing interests.
I'ifth--Thc grCat interests OF the pro.
luctive industry claim their just recOgni-
t0n at the hands Of the government Of
the people, and that through the monetary
system here proposed all these interests
can be fully secured,
Sixth-As the public domain is the
rightiul heritage Of the people II should
not be distributed To spCculatOrs or cor
porations, but reserved for actual settlers.
Scvcnth-ltis Is tho duty Of the govern.
mcnt to cqunli1c the bounties Of soldiers
and to bring To speedy settlement all
other just claims arising from the laIc
war.
I.ighlh-All rights, privileges and i'm.
munilics recognized by the government
should he based upon the fact Of citizen
ship, equal rights before the law being
secured By the constitution.
Ninth-Wc insist upOn and demand