The New York herald., 1876-02-23
A GREENBAoK CONVENTION.

Yesterdays PROCEEDINGS AT CONNECTICUT
OPPOSED TO THE RESUMPTION ACT-GovERN-
MENT SHOULD EXCHANGE ITS INTEREST BEAR
ING BONDS FOR ITS NoN-INTEREsT BEARING
NOTES.
New HAVEN Feb % 1876.
About 200 persons present to-day, in this city,
! at the Mass Convention of the grecnback men. or
these about 100, mainly from tbIs city and vicinity,
handed in their names as in favor of the movement
The forenoon taken up by speeches, made chiefly
by greenback Of this city. Isaac Anderson, bus
ness man OF ths city, chosen Chairman.
The Committee Resolutions consisted OF thirteen,
with Henry Kam carriage manufacturer Of this city,
as Chairman. He is also chairman OF the New Haven
democratic delegation to the State Convention be
held here tomorrow.
The following platform presented by the COM
mittee:-
Whereas the present financial condition Of the country
questions which at present are Of such vital impconce to
be n deporabe condition. the friends o, currency reform
of Connecticut in convention assembled recommend the
following principles important to the welfare of the
Resolved, That Ne earnestly invite scrutiny of
Of he grave problems that now challenge the
attention Of every thSnshtG citizen Under M
porant public questions be fully aud openly debated the
sentcd the American people; have been denied fair
y .as nd SS s by ms hS SGa are % %
by love of political party by those who in order
eeyed As he integept union Of labor aud capital the
eminent should foster INDUSTRY and carefully ruard the
rights producers example wise econ:
enact whole people. Class egis
that financial system is perfect merely because ithns
b 50 e Sn%
perfection Mankind steadily progressing in knowledge
Financial science Is yet in infancy and The claim OF dnan
Fir-We oppose the fixing arbitrary time for the
objections paper money being made worth its in
gold creating distus OF the future
has parayKed enterprise thrown the producers of wealth
employment and has thus postponed the day when
with coin without creating the widespread bankruptcy
evtaby produce Our paper money should appreciated
with coin BY rscting the defects in our monetary
general prosaton of business and 6y roobng debtors
do iesoIuons of future action amend tue
%pns o enep We want
immediate and PRACTICAL measures which will create con-
which time industry and economy win place country in
value to gold dollar at the earliest practical period To
nx arbitrary time for specie payments, absurd
either case i is impossible 10 orcSs the requisite time
peal of the Resumption act aud demand that all similar
iaing with The interests Of the nation for political pur-
Scco"d-Ihe government should not dishonor It's own
stevens Tine greenback discredited before they
issucd.n The national should be m full
tender for all public dues and FOR the purchase Of
eminent bonds @ a, par with gold d, coin .n ,.. :,
every citizen the MARINER which the national wealth
be and "a. e the
| should have stable currency uniform AS possible,
crest-high and hucuating rates OF interest are detr
hghest Good Of the whole nation This evil can be pre
vonted only by diminishing the amount Of currency az sea-
% s % i NEEDED The Of
| sovereignty
should be delegated either directly indirectly
retired circulation and tho general should
| merely coin and issue the national money Bank
ing should be entirely free, bu, no paper money
directly by the United States aud backed by the entire
on specie basis but which really manuacturer Of
aIa .ho~G he bsa the un.S
Treasury only when paid or oy soyernment banks Nethc1
the amount OF payer Than they now have over
the coinage Of ;pses Sohsess should hon simply adopt sys-
matcaly regulate aud limit itself Business should
be kept constant fear Of either contraction
Of .Ss No Gne , SsS tel bow much sSs
be that OF everything else entirely
expand in response 70 the requirements OF trade This
Foar-As all the national currency IS part OF the
tiona debt government should all times ready
exchange It's inere.tbearnE bonds for is uoninterest
bearing The legal tenders should therefore be
changeahe for uteconvertioo bonds bearing low rate Of
gold Whenever the currency becomes the
p@ o o bonds Ss he n
currency making the supply always equal
exceed the legitimate demand BY the Aforesaid
considerable portion OF the national debt woud be used
wthou; interest and the bulk of the debt would
| soon DO funded = exceeding AZ per cent
per annum probably 81 per per annum, pay
gold coin IN worth it's face in gold. The
saving OF interest thus effected should be steadily applied
20 the payment Of the public debt We opposed the
present policy o increasing the foreign debt
| which steadily drains country " gold, mcnaces
our financial stability and y nr burden than
domestic debt policy should be adopted the tendency
have the American debt owed "a American citizens
Fjfh-We believe that national poicy in accordance
with principles would soon eNtinsuish the premium on
gold would stable currency unaffected by foreign
wars and pancs; Immediately revive our dtoopng indus
labor employment AZ Just aud rescue
country from the unfortunate position 70 which has
been placed bv au extravagant administration and ncom
pctcn Legislators We invite good citizen iresPee
tive Of previous party affiliations TO unite With Tor po
cal resistance agans, The ignorant now being wagcd on
benefit Of the few and 70 this end we cun
friends every vote for that whose plat
form accord with ,he sentiment OF Justice
aud the principles herein set forth.
TnE AFTERNOON
This afternoon the Convention adopted the above
| resolutions
| An executive committee appointed to take inde
pendent action 1t both parties refused 10 receive
| them
Delegates appointed to the National Convention
/ In Indianapolis on May IL.