The Russellville Democrat., 1875-03-25
THE NEW PARTY.
Where 1t is--What it Consists of--What it Means to Do.


 About sixty delegates, represent ing twelve states and the District of Columbia, assembled at tht Hollis ball this afternoon with tho view of forming new independ ent political party.
 1 The convention was called to gether by E. II. Olliman, chairman of the national executive commit tee, appointed by previous con vention held at Indianapolis, No vember, 2S, 1874.
 The call for the meeting was read by J. B. Buchanan, secreta- " of the executive committee. The call sets forth as the objects of the meeting the preparation of q platform for the proposed party, and the fixing of the time and place of holding the future con yention, which shall nominate candidates for president and vice president upon the following ba- sis of union:
 First-It is the duty of the gov ernment to establish a monetary system based upon the faith and revenues of the nation, and in harmony with the genius of the government and adapted to the demands of a legitimate busine. S. To this end the circulating notes of all local currency, should be withdrawn from circulation, and a paper money issued by the gov ernment directly to the people without the intervention of any system of banking corporations; which money shall be legal tender in payment of all debts, both pub lie and private, and duties on i'm ports included. This money to be interchangeable, at the option of holders, with registered gov ernment bonds bearing a rate of interest not exceeding three per cent. per annum.
 Second-The interest on the public debt, and that portion of the principal of the same, which is, by the express terms of the law creating it, payable in coin, shall be so paid.
 A permanent organization was effected by the election of Prof. Hoosten of H., as chairman; T. Campbell of H., c. w, Campbell (coi. of Va, and R. J. Treye- lock of Mich, as vice presidents; A. c. Cameron of H., secretary.
 A committee of one from each state was appointed on reso.u- tions, to which number of reso- lutions, after being read, were re- ferred, including the following, in substance: That congress should provide for river and harbor ap- propriations as an object of na- tional concern, when necessary for the safety and convenience of commerce.; that the government should secure to all citizens their i lalienable rights, except when by valid legislation they are deprived thereof by means of crime; that the committee on platform are hereby instructed to confine itself to the subject of national paper money, and that the convention limit itself to this matter eXclu- sively; that the productive indus tries of the country should re- ceive the greatest possible protec. tion and the support of the gov ernment; that the present revenue laws are unjust and unequal, and that a more just method of rais- ing revenue should be adopted; that the national banking law has established a monopoly oppres- sive to the people, dangerous to their liberties in it's influences on the press and state and national legislation, and demanding its re- peal; appealing to the American people to break loose from party trammels and unite on the basis or government whose legislation and administration shall protect the industries of the nation from the averice of capitalists.
 Several speeches were made and the convention took recess till the afternoon.
 On reassembling, the conven- tion was informed that the com