The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1876-05-25
THE DEMOCRATIC CONVENTION
Its PLATFORM.


who are unknown to the propriety Of
good behavior, it would also have
been the most harmonious, but these
1uproraious and indecent braggarts
were taught a lesson they will not
forget. There were butofew of them,
while the remainder of the Conven-
lion was made up, of able and,
talented representatives of the party,
men who have the interests Of the
country at heart and are laboring
earnestly and deyotedly for the cause
of the toiling and oppressed against
tue usurpations of the Monied Pow
er. Under the powerful speeches of
EWING, MORGAN, PENDLEToN and
others, the political rabble soon lost
their power in the Convention, and
the representatives of the People
came to the front and the Platform
adopted may be set down as their
own from beginning to end. We
give the n adopted and the one re-
ljected, on our outside, and on this
page will be found the vote by Coun-
ties upon each one of them.
Hon. GEO. H. PENDLEroN, presided
as permanent Chairman, and on ac-
cepting the position made a neat and
excellent address, in which he SCUM
ded the key notes to the coming
Presidential campaign. We will give
it in full in our next issue.
The Platform adopted by the
Convention is short, distinct and ex-
pressive of the great fundamental
principles declared by the President
of the Convention. It is wholly
financial in its enunciations which
makes it more valuable for the con-
sidcration of the people, as this is
now the all absorbing subject in the
present Frustrated condition of the
country under Republican rule. The
immediate and unconditional repeal
of the Resumption Act is demanded.
Who objects to this declaration
None but the bondholders, salaried
officers and those who deal in money.
This law operates as a pail upon the
industrious pursuits Of the country,
and men are afraid to invest their
money in productive labor. Only for
the bondholders and those who deal
in money it creates a perfect harvest
and renders their securities more
valuable, while other property and
the laboring pursuits of life are cor
respondingly depressed, as the pre-
sent condition of the country abun-
dainty illustrates. Therefore, the
bondholders, stock dealers and Wall
Street brokers are for the Resump-
ton Act, and for this very reason
the laboring classes should go for an
unconditional repeal of it, which was
CONCEIVED in sin and brought forth
in iniquity." Surely upon this basis
the laboring Republican and Demo
crat a both cordially unite.
"The defeat of all schemes for Re-
sumption, which involves either con-
traction of the currency, perpetual
ton of Bank issues or increase ofthe
interest burden of the debt" This
clause is equally clear and in the in
terest of productive labor. Who de-
sires the contraction ofthe currency,
retiring of the Iegal-tenders and per
petuation of Bank issues until the
Banks obtain the complete control
and monopoly of the entire circulat-
ing medium, and placing it within
their power to graduate the value of
the whole property and labor of the
country to them selves? Surely no
laboring man will cast his vote to Sc
cure such monopoly, which would
not only enslave himself but his un-
offending and innocent p~osterity.
"The gradual but early substitu-
ton of legal-tenders for National
Bank notes." This clause means the
repeal of the National Banking char
ter, the retiring ofthat currency and
substituting its place by legal-ten-
ders. The Charter confers excessive
advantage in favor of the bondhold-
ers without the least advantage to
the people. In the operation they
are allowed to draw double interest
upon the capital invested and at best
that currency is no more secure to
the holders than legaltenders, for in
either instance the faith of the ma
ton is either directly or indirectly
pledged for the redemption. The
one currency is costly to the people
and the otheris not, whatever amount
of the one is destroyed is so much
gain to the bondholiers, and of the
other, under like circumstances, to
the people. But over and above all
this, the present Banking system is
a gigantic monopoly and enables the
bondholders to manipulate the cur
rency, NEEDLE with elections, control
the legislation of Congress, as they
houa lapa a1l &c Jo,-o,o,. -.