, 1876-07-15

trious people in the paralysis Of hard
times.
Reform is necessary to establish n
sound currency; restore the pubic
credit and maintain the national honor.
We ,rnOuncr the failure for all these ten
years to make good the promise of the
legal notes which are changing the stand.
ard value in the hands ut thc people,
and the non payment Of which is dis
regard OF the pightcd faith ot th" ma.
tiun. We dcuouuce the improvilenrc
which in eleven years Of peace has taken
from the people in frauds ten times the
whole amount Of the legal tender notes
and sqmndcrcd tour times the sum in
useless expense without accommodating
any reserve for their redemption. We
denounce the financial policy and
immortality Of that party which during
eleven years of peace, has made no adj
vance towards resumption, NO prrpnu-
tinn for resumption, hut instead has oh
structcd resumption by wasting our re-.
sources and rNhauSting all our Surplus
income; and while equally protesting to
intend II speedy return t" specie payment,
has annually added fresh hindcrances
thereto. AS such n hindmnce, we de.
nouncc the resumption clause OF the act
of 1915. and demand its repeal We de
mani II iudciOus system of preparation
by public economies byohcmI re,rench'
menls and by wise finance, which shall
enable the nation to assure the whole
world of its perfect ability and perfect
readiness to meet any OF It's promises at
the call of its creditors entitled 10 pay
ment. We believe that such n system
well devised and intru'tcd to competent
hands of execution, creates at no time
an artificial scarcity of currency, and at
no time alarming the public mind III
withdrawal OF that vnster machinery OF
credit, by which 05 per cent. Of all bust
ness transactions are performed--a sys
TEN open, public and inspiring general
confidence, would irom the day of its
adoption bring bealing on lis wings To
all our harrasscd industries set in mo
tion the wheels of commerce, manuhc.
lures and the mechanic arts; restore cm-
ployment to labor and prosperity to the
people. Reform is necessary in the sum
and mode of Federal taxation to the
end, that capital be set free from dstrust
and labor lightly burdened.
We denouncc the present tariff levied
upon nearly 1000 articles as master
piece OF injustice and false prctenscs. 1t
yields dwindling, not yearly rising
revenue. 1t has impoverished many in
duStrics to subsidize u few. 1t prohibits
imports that might purchase the pro-
ducts of the country. 1t has reduced
American commerce from the first to an
inferior upon the high seas. 1t has low
cred the sale of American manufactures
ut home and abroad and depetes the re.
turns OF American agriculture and in.
dustries followed by halt Of our people.
1t costs ,he people five times more than
it produces to the Treasury. ltobstructs
the processes of production and wastes
the fruits Of labor. 1t promotes frauds,
fosters smuggling, enriches dishonest
officials and baokrupts honest merchants.
We demand that custom house taxation
shall be only Tor revenue. Reform is
necessary in the scale of public expense,
national, State and municipal. Our
Federal taxation has swollen from $G0,.
100000 gold, in 1860 to $450,O0O,OO0
currency in 1870 Our aggregate taxa
tion has grown from $1OO,OOo,OOo gold,
in 1860 to $73O,OOO,OOO currency, or in
one decade from less than s. per head to
more than SIS per head. Since the
peace the people have paid to their tax
gatherers more than three times the
amonnt of the national debt, and more
than twice OF TINT sum for Federal out
lays. Above all, we demand frugality in
all the departments and every office OF
the Government.
Reform is necessary 10 put stop to
the prohgate waste OF public lands and
their diversion from actual settlers by