The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1875-03-19
G4EENBACKs.
Second Bays Se%siO. of Ihe
Cleveland Convention.
Adoption of "a Preamble and
Declaration of PrincfDles.

SNCEhAN convention.
Adoption of "a Preamble and
Declaration OF Principles.
CLEVELAND, March 1.-THE in.
dependent greenback convention
reassembled at ten 4. m.
James Buchanan, of Indianapo-
lis, Ind, from the committee oh
resolutions, reported a preamble
and declaration of principles,
which, after some discussion, was
adopted.
The preamble recites that our
government is founded upon and
derives its power from the people.
Existing evils have resulted from
representatives setting party aboYe
popular interests. These evils are
chiefly displayed in our monetary
system, and the monopoIies which
it has engendered. This system,
being monarchical in its principal,
and subversive to republican gov
eminent, to resist encroachments
of the money power, to stay the
tide of corruption and extrava
gance, and to place the control of
the resources and finances of the
country in the hands of the peo-
pie, it has become q duty to or
ganize an independent party, up
on the following basis, as no re-
lance can be placed in the exist
ing parties:
First-It is the duty of the gov
erment to establish a monetary
system based on the faith and re
sources of the nation, in harmony
with che genius of this govern
ment, and adopted to the indus
trial and commercial needs of the
country. To this end notes of all
national and state banks should
be Withdrawn from circulation and
paper money issued by the govern
ment directly to the people, in
payment OF government obliga
tions, without the intervention OF
any system of banking corpora
lions, which money shall be legal
tender in pay ment of all debts,
public and private, duties on i'm
ports included, except that por
ton of interest and principal OF
the present public debt that is by
express teiLIs of law creating it
made payable in gold; this money
to be entered changable at the OPP
ton of holders with registeredgov-
eminent bonds, bearing q rate of
interest not exceeding 3.65 per
cent. per annum.
Second-This system of finance
will, by stimulating our industries
and commerce, soon make the
United States the depository of
the precious metals OF the world.
Third-The Adoption of this
system, by furnishing sufficient
money at low interest, will solve
the question of cheap transporta-
ton, because it will enable rail
roads and the carrying trade to
relieve themselves of their loads
of debts and lower their rates, and
enable people to construct addi
tional lines wherever internal COM
merce may require.
Fourth-It is the duty of the
government in all its legislation,
TO keep in view the full develop
ments of all the agricultural and
mineral resources of the country,
and its manufacturing interests.
Fifth-The great interests of
the productive industry claim
their just recognition at the hands
of the government of the people,
and that though the monetary
system here proposed all these in
terests can be fully secured.
Sixth-As the public domain is
the rightful heritage of the people,
it should not be distributed to
spectators or corporations, but
reserved for actual settlers.
Ninth-We insist upon and de-
mand severe retrenchment and
economy in all branches of public
affairs.
Tenth-Riyers and harbors be-
ting under the Jurisdiction of the
government, should be by it i'm
proved when necessary to the
commerce of the people.
Twelfth-As all special privileg
es, immunities and powers confer
red on corporations of any kind
or nature are granted at the ex
pense of the people, these privi
!eges must be held subordinate to
the rights of people and subject to
the supervises and control of the
power granting them.
A national executive committee
was then appointed. E. A. Ole
man, of Indianapolis, was chosen
chairman, and j. D. Buchanan, Of
Indianapolis, secretary.
The convention then adjourned
sine die.