The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-09-10
Pennsylvania Democratic Convention
TIE CURRENCY PL ASK A STUMBLING BLoCK-TuE

! THE CURRENCY PLANK A STUMBLING BL0CK-Tnl
| PLATFORM COMMITTEE DIVIDED, sc.
ERIE, September GA platform was agreed
upon 10 the committee at late hour las
night, but was adopted by a majority Of only
one. The currency plank is so distastefu tc
the minority that they threaten to bring Q
| separate report and have the difference set
action has prevented the presentment Of The
adjournment was had to afford an opportu.
nifty for harmonious compromise.
Delegates generally express the opinion
that the discussion of the financial question
in open convention would be exceedingly
unwise, and every effort will be made to
have the minority report suppressed. IT,.
The committee stand % to "a on the cur
rency resolutions; which areas follows: 8.
That the contraction Of the money cur
rency and circulating medium heretofore
made by the Republican party, and the fur
Their contraction proposed by it With view
to forced resumption OF specie.payments,
has already brought disaster to the business
of the country, and threatens general bank.
ruptcy and whilst we expressly enunciate
the principles that sound currency should
be gold and silver and paper redeemable
therein, we are opposed to either contrac.
ton OF il flltion Of the present currency,
and would leave the restoration of legal ten
ders to par in gold 10 be brought about by
promoting the industries of the people and
not by destroying them.
That the policy already instituted by the
Republican par,y--of abolshDg legal ten
ders and giving national banks power to
furnish all the currency-will increase the
power Of an already dangerous monopoly
and the enormous burdens now depressing
the people without compromising advan-
tage, and that all the national-bank circula-
ton be promptly aud permanently retired
and full legal tender be issued in their place.
That the public interests demand that the
Government should cease to discredit its
own money, and should make its legal ten
der receivable for all public dues except
where respect for the obligation Of contracts
requires payment in coin; the extinction Of
the present national banks. and the esta.
bishment in their stead of free banks of dis
count and deposit, under such regulations as
the States respectively may prescribe, and
no paper money except such as may be
issued directly and upon the faith. of the
Federal Government, affording practically
currency based on gold and silver and other
property of the whole people Of the country.
Persistent efforts are being made to com.
NIT the Convention to more positive Initiation
resolutions.
Att O'Clock the Convention adjourned till
p. NJ.
REPORT OF TIE COMMITTEE ON PLATFORM.
ERIE, September 9.-Ou reassemoling at
3P. NJ. the Committee on Resolutions re-
ported a platform, to the following erect
First. Declaring unfalterihg devotion to
al rin nla
government as enunciated by Thomas Jei'
ferson in his first inaugural address.
Second. That the widespread depression
and suffering which affects every business
and employment that is capable OF being
touched By legislation show beyond doubt
the ignorance, inefficiency, aud Wickedness
of the leaders of the party that has ruled the
State and nation tor period OF years, and
calls for their immediate and permanent re-
moyal from the places which they nave so
long dishonored and disgraced.
Tbird. CHASING the undue multiplication
of nubIic officers and the inordinate increase
Of Salaries, &C., among the many evils forced
upop the country by Radical rule, ana Ia
voring an economical administration IN
order that speedy relief may be had from t1e
burden of taxation with which the people
are now seriously oppressed.
The fourth, fifth, and sixth resolutions re-
fer to State affairs.
Sevenh. That the contraction of the money
currency and circulating medium nefetotole
made by the Republican party, anu Tue iu.,
Their contraction proposed by 1t with view
TO forced resumption Of specie-pay ment, nus
already brought disaster to the business OF tue
country and threatens general bankruptcy;
We demand that the policy be abandoned, and
that the volume of money be made and kept
equal to the wants Of trade, leaving the resto.
ration of leeal.tenders to par in gold to De
brought about by promoting the industries
of the people, and not by destroying them.
Eiql.th, Ninth, and Tenth.-same as IN tue
first report, beginning with resolution
;" that the policy already initiated by the he
publican party" and so on to the end.