The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-18
THE GREENBACK PARTY.
A National Convention Of sofi Money Men at
Indian polls, Ind.

INDIANAPOLIS. Ind, May 1.-THE Ma
tioDal Independent Convention met this m orn-
ing, with the Hon. Ienatius Donnelly OF Minne-
sofa as temporary Chairman. After the appoint
ment Of the committees tho Convention took a
recess until 800 p. Nj.
AT the afternoon session, In consequence OF
the delay of the different committees In report
ing. nothing beyond enectinR a permanent or
Ranization was accomplished. Thomas J. Du-
rant OF Washington, ID. G , was CHOSEN perma-
nrnt Chnirna az, and tue Convention took re-
Nineteen States are represented In the Com
ventiOn by 2j9 DELEGATES. Among the promi-
nent persons present are Moses W. Fold, Gen.
Singleton, and Richard Trevellick. The oAndi-
dates viii not he named to day. lhe nrst office
| lies between Peter Cooper and judge Davis
Senator Booth Is talked Of for the second place.
Tue evening session resulted IN nothing. ThI
time was occupied In discussing as to how the
vote OF states not fully represented should he
cast. Tue subject was laid 90 the table and the
| Convention auJ Jurned until O'Clock to NOR
| row. Delay nas been occastoned 10y the in
ahilitv OF the Committee on Platform to report,
aud also probably by dinicultv IN selecting the
name OF IA Presidential candidate for presenta-
| u IN To the Convention.
leteT Cooper h 8 sent an address to be read to
the Cohvention Of which the following Is an
abstract:
| The address begins with the assertion that tho
real estate Of the nation cannot sold or mort
gagged for more than half the amount II would
| have trouRht three years ago, and the cause Of
this dire calamity Is charged To the acts OF the
| Government first, IN not receiving Creenbacks
the puolic dent and, second. in contracting the
currency from $5otl per caDita In ls65 to $l7S
| y capt. In 1870 Ihe remeuy proposed u the
repeal OF he Resumption act of 1873 and an in
hdtiOu of the currency to the volume II pos
| sessed ut the close Of the In tue course Of
his arRutu ent ar COoLer makes some very trGe
remarks. For example, he SAYS that history
| ana incun'rovertib.e facts prove that the com-
merOiai and industrial prosperity OF n country
| do not depend upon the amount Of gold and l.
yer there Is in circulation. Our prosperity must
| continually depend upon the INDUSTRY, the en-
| teTprise, ana the busy internal trade aud true
| indeDendenre OF foreign nations. which paper
| circulation well based on sound credit, has al
| ways been found to promote" lie also quotes
| with approx Il the say ing VI President Steele Of
| Lawrence University; d" In nxlnR standard, It
Is essential 10 select something that Is as nearly
| Lossibe invaIi ole. Tue cou ventional unit Of
| lineal medsCre must not bs a line whicn aver ges
| aud nine inches tomorrow. lhe bushel meas
urs should not contaln two or tn ee quarts
more or less a. one time than at another. For
tue same reason IL Is desirable tnat the unit Of
value should have the same put tchasing power
next week that II uus now This STANDARD Ar.
| Cooper would make interest bearing DUn0s at
some equitable rate OF interest, ana recOnNertl-
| be tuLo currency OF the Will OF the nulutT.'
though he tails to explain whether tpis Interest
Is to ne paid IN gold or In paper or, II III payer
now IL will ne OF iuvHriablo value. Inc address
IL neat uuafy OF the popular fallacirr on
the subject Oi innstion, ane as sucn deserves u
wide circulation.