Knoxville journal. [volume] (Knoxville, Iowa) 1874-1986, 1876-06-01

| tYv. and from its lessons drew the conclu-
sion that e National paper currency,
\ based on the credit of the Gov
eminent. and made receivable for
all forms of taxes, duties and debts,
and convertible into interest pear-
/ ing bonds, at some equitable rate Of inter
/ est. and recoverable into currency at the
will of the holder. will secure uniform
/ ity of value to degree that gold has
never attained. and conduce TO the general
business prosperity of the people of the
country. The reading OF this address was
! frequently interrupted by applause.
1 At the session on the 18th, the following
platform was adopted:
| The Independent party Is called into existence
| BY the necessities Of the people, whose indus
/ tries are prosfrated whose labor Is deprived OF
| its Just reward BY ruinous policy, which the
| Republican aud Democratic parties refuse TO
| change: and In view Of the failure of these par
ties TO furnish relief 10 the depressed industries
of she country. thereby disappointing the just
| hopes and expectations OF q suffering people, We
/ declare our principles, and invite all indie.
pendent and patriotic men to join our ranks In
this movement for financial reform and industrial
Emancipation.
: i. We demand the immediate and uncondi-
| tional repeal OF the Specie Resumption act of
Jan. IL. 1875, and the rescue OF our Industries
frora the ruin and disaster resulting from lite en-
forcsment; and we call upon all patriotic men 70
country with the view OF electng Representatives
TO Congress who will carry out the wishes OF the
people In this regard. and stop the present suici-
dial and destructive policy OF contraction.
2. We beieye that United States note, issued
directly by the Government, convertible on de-
msnd into United States obligations bearing
less rate Of interest. not exceeding one cent day
on each $1U0, and re-exchangeablc for United
States notes sf par, will afford the best circulst-
Ing medium ever devised Such United States
| notes should be full legaltendcr for all pur-
pores, except for the payment OF such obligations
AZ are by existing contracts expressly made pay
able in coin, and We hold that IL IL the duty OF
the Government TO provide such circulation for
the Nation To whom IL belongs.
3. 1T Is the paramount duty OF the Government
in all its legislation to keep in view the full de-
yelopmento of all legitimate business -sgricultur-
al. mining, manufacturing ana commercial
T. We most earnestly protest against any III fner
issue Of gold bonds for sale in foreign market,
by which we would be made. for a long period,
hewers of wood and drawers OF water 10 foreign
ers especially the American people would
gladly and promptly take at par all the oo1as
they made payable At the option OF the holder,
and bearing interest at 65-l00 per cent per an
mum. even q lower rate.
S. We further protest against the sale Of Gov
eminent bonds for The purpose OF purchasing sill
yer TO be used as substitute fer our more con-
venient and lees fuctuating fractional currency,
which, although well calculated to enrich the
owners Of silver mires, yet. in its operation will
still further Cypress, In taxation al already over
burdened people.
The following resolutions were also sub
sequently adopted
Whereas, The people of this Nation are
obliged to pay every obligation whatever IN coin
the option at the time such obligation was made OF
paying in either gold or silver aud since that time
the right to pay win silver, which Il now the
the act of February IL, 1873, demonstrating the
silver dollar in fraud of the wishes OF the people,
we, therefore, demand that the silver dollar, of
four hundred and twelve and i's-tenth grains
weight and nine parts full metal, which WAS full
lega-tender for all purposes for more than eighty
YEAR, in TINS country shall DC restored precisely
made which 1t was fully competent To pay.
80 the people may use II for making such payments
as they choose.
Resolued, That this Convention utter its solemn
protest against any further subsidies to the rail
road corporations, either in the shape Of grants Of
public domain, or of the guaranteeing OF bonds TO
build aud construct said railroads.
The first ballot for candidate for Presi-
dent of the United States resulted as Iol-
lows Peter Cooper, OF New York, 300;
ex- Gov. VIM. Allen, of Ohio, 81; ex-Gov.
Curtis, Of Pennsylvania, 5S: Alexander
Campbell, of New York, 2. Mr.. Cooper's
nomination was made unanimous.
Newton Booth, of California, was then
nominated for Vice President, on the first
ballot, and his nomination was made
unanimous.
A motion was adopted for a committee
of FIVE to issue an address to the people OF
the country.
Adjourned sine die.
The National Independent Executive
Committee organized on the afternoon OF
the 18th by electing Moses A. Field, of
Detroit, Chairman, and Thomas j Du-
rant, OF Washington, Secretary An Ex-
ecutive Council, consisting OF the Chair
man and Secretary, w. p. Groom of New
York, F. W. Hughes of Pennsylva-
mia, and Alexander Throop, was appoint
ed, and the Committee adjourned