The Somerset press. [volume] (Somerset, Ohio) 1873-1977, 1875-03-19
GREENBACK CONVENTION AT
CLEVELAND.
Platform of the New Party.

pendent or "Greenback' Convention re-
assembled at 10 A. NJ.
A special committee of five was ap
pointed to report plan for forming a.
National Central Committee.
Jas. Buchanan, of the Indianapolis
Sun, from the Committee on Resolu-
tionl, reported preamble and declara-
ton of principles, which, after some dis
cussion, was adopted.
The preamble recites that our Gov
ernment is founded upon and derives
its power from the people. Existing
evils have resulted from representives
setting the party above popular interests.
These evils are chiefly displayed in our
monetary system and the monopolies it
has engendered, this system being mon
archial in its principle and su5versive of
republican government.
To resist the encroachments of the
money power, to stay the tide of corrup-
tion and extravaganza, and to place the
control of the resources and finances of
the country in the hands of the people,
it has become a duty to organize an in
dependent party upon the following
basis, as no reliance can be placed in ex-
listing parties.
FIRsr-It is the duty of the Govern
ment to establish monetary system
based OF the faith and resources Of the
Nation, in harmony with the genius of
this Government, and adapted 10 the
industrial and commercial needs of the
country. To this end notes of all Ma
tional and State banks should be with
drawn from circulation, and paper mon
sy issued by the Government directly to
the people, in payment of Government
obligations, without the Intervention of
any system of banking corporations,
which money shall be a legal-tender in
payment of all debts, public and private
duties on imports included, except that
portion of the interest and principal Of
the present public debt thai is, by ex-
press terms of the law creating it, made
PAYABLE in metallic money, this money
to be interchangeable at the option OF
holders with registered Government
bonds, bearing a rate of interest not ex-
ceeding $50 per cent, per annnm.
SECoND-This system of finance will
by stimulating our industries and COM
merce, soon make the United States the
depository of precious metals of the
world.
THIRD-The adoption of this system
BY furnishing sufficient money at low
interest, will solve the question of cheap
transportation, because IL will enable
railroads and the carrying trade to re-
lieve Themselves of their loads of debts
and lower their rates, and enable the
people to construct additional lines
whenever internal commerce may re-
quire.
FoURrH-It is the duty of the Gov
ernment in all its legislation to keep in
view the full developments of the argi-
cultural and mineral resources of the
country and its manufacturing interests.
FIFTH-The great interests of pro-
ductiye industry claim their just recog-
milton at the hands of the government of
the people, and that through the none
tary system here proposed all these in
terests can be fully secured.
SIxTH-As the public domain is the
rightful heretage of the people it should
not be distributed to spectators or cor
porations, but reserved for actual set
tiers
SEvENTH-It is the duty of the Gov
ernment to equalize the bounties of SOL
diers, and to bring to speedy settlement
all other just claims arising from the
late war.
EIGHTH-All rights, privileges and
immunities recognized by the Govern
ment should be based upon fact, citizen
ship and equal rights before the law be-
ing secured by the Constitution.
NINrH-We insist upon the demand
severe retrenchment and economy in all
branches Of public affairs.
TENTH-Rivers and harbors being
under the jurisdiction of the Govern
ment, should be by it improved when
necessary to the commerce of the people.
ELEvENTH-Throug the monetary
system herein proposed there will be es-
tablished between citizens Of this coun-
| try firm and lasting bond. of union by
giving common interests a common gov
ernment. and bringing peace and pros
perity to each and all of its inha bitants.
TwELFTH-As all special privileges,
immnnities and powers conferred on
corporations of any kind or nature are
granted at the expense of the people,
these privileges and powers must be held
subordinate to the rights of the people,
and subject to the supervision and con-
troll of the power granting them.
A National Executive Committee was
then appointed. E. A. Olleman, of In
dianapolis, was chosen Chairman, and
T. B. Buchanan, of indianapolis, Seere-
tarv.
The Convention then adjourned sine