New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-02-23

t,on,I finances TO he deporae condition. the friends
OF currency reform of Conncc icut, in convention as
sembed, recommend the following principles as Import
AMI 10 the welfare % the natoa; therefore,
Resolced That earnestly invite severe scrutiny OF
the principles and measures which think would re-
the country TO prosperity and we ask candid I'M
preiudced consideration of the crave probems that DOW
der goveInm,n based universal suffrage. it is vitality
essential that all important public questions be fully and
never huly presented TO the American people
We have been denied fair heanT by the majority OF
by who incited by ignorance by love of political
tunes of Others wish the people deceived As the inte
gent union OF labor and capital Is the only legitimate
source of individual national wealth Government
should foster industry and carefully guard the rights OF
roducers. Ii should set example OF wise econo "
should discourage all fo ms Of monopoly, and should
enact laws for the benefit Of the whole people Class
legislation should not be tolerated in free nation 10
suppose that financial system is perfect merely because
II mas hitherto been generally 80 considered is as f
acOus belief that medicine. law, or the mechanic
arts have reached perfection hanblnd IL sle"y pro-
crossing in knowledge and all arts and sciences are sal
ing in the general advance Financial science Is yer IN
its infancy, and the claim OF fnanc inailib! Whlch
is virtually made by the party leaders Is entitled 10
FIRST We oppose The act fixing arbitrary time for
the resumption of specie payments, not becau- We have
face in gold but because that Ct by creating dstrst o.
the future fas parayzed enterprise throw inc pro
p"ned the dov when If shall become oss BILE to maintain
paper money al par with coin, without creating tue
Resumption act Will inevitably produce. Oar paper
money should I've appreciated 10 par VITA coin by recy-
general prosperity, not by creating general postrto
OF business and nv bling aebtoTs TO enrich creditors
under the ypOcriical Of honesty" We DO not want
resolutions of future action TO amend the currency
especially when these resolutions assume inc i9ilh Oh
standing threat against ever, enterprise. We want
immediate and practical IN assures which VIII create con
time, indus .ry, economy VIII place our c"l
try IN sOund financial condo ana Make ldler no-
lar equal in value to gold doiiar at the earliest practice
bic period bitrary time for specie payments
is absurd would he ia fix day for PATIENTS re-
co,ery. IN etner case impossible 20 forelcll tao
requisite time We therefor ask the mm diac ami I'M
cUditi, nal ,cea Of the II sumption aci, aud demand
that all FL liar trhng with the interests of tie Ealon
ontical purposes be branded az crime against hu
mainly.
second: The Government should not dishonor it's own
promises, II now does In the language OF lhadueus
ems, THE greenbacks dscrcdcd b"iore ihcy
were lssued Tue nsloha note Should De maae !" u,
legal for all public dues, and for the purchase oi
Government bonds at par with gold com
Ihird 1l relative value III the Labor and prosperity
of ever citizen, an! the manner In wbicn the national
wealth small distributed depends IN large degree
upon tie character ana ne an0"n'o OF me hol cur
IenCy. We snOuid have a stable currency uniIotu ~
possible III s rate Of interest High anu hucnating
rates of interest are 'rnen'al to te SIC ol .e
pros eIiy re producers and to the highest G"o' Oh
diminishing tue amount OF currency ~ seasons when
there t,le demand for IT, and ~ Increasing its Nulhe
reucy s needed. TLe ISSUE oil money anu
the regulation value LaereOi Is matter OF National
co.ceI II Irtr gitve oi soyel Shty which shoud
not delegated either directly or Indirectly 10 corpora
lions The National Ddnk notes shouu D, siaul,i! ~
bred from circulation, and the General toVrlhhen,
should mercy and Issue the national money ahh.
ing shoud ,ntreiy fre hut no paper moLcy sno1ld
allowed uatiOn except mat Issued directly ~
tue Unte backed by tbe entire wealth. al The
nation We want liz baDAs Oi issue noniiiy On r"c'I
basis hut winch really nuii tuicls oi inflated AMI
wOrtn paper currency. lhc M inna paper motley
suond be ISSUED by bureau vi the unitd states ltca-
my only Muon paid FOR Dy Guycramcn. bank~ Ncl'hrr
SHOULD e ao~ed any more 'uuu"i
over the amount paper money than thcy now nave
over the coinage specie. tOneR - should Simply
adopt system under winch tue tOiu- of Le currency
WUuii Automatically ieenIaI" ana lnlt lIeI. b"fih's7
men should not Kept constant fear oi cithei con-
traction or oh expansion oi !he car cnry. No one can
much currency teeded ~ dny particular uit
Its volume s.Ou!d ic lac mat o Nel!tnhs else,
er /, Tree contract Xpand ~ Ic-puhrc 10 me re-
dur. ments trade. ihs would faclltate rdsn safes
and discourage undue expansion o private credit
tOUh: As all INC h"ti|nai cuic'. h q ra' ~, ~, Wv,
national deOt, tJe GOVcfiitAeIt Should ~ All UutS be
ntr.est-bsariLg hOtes The legal ldes rHOud thoc-
De cd for 1ntcrcoh !inie bonds b,aiiE
tneni par VIA goa com. Wa ncsci thc currency
Ia Inc stnpius "ou'd t"en How INTO
bonus wouid rtcd Into currency, tI'is naAnE
tie sUppy always equal but never eAc.cd Ia. legitimate
demand By Aforesaid Al -asIr' tOnSuSi dhc lbI-
tiun the natIOn! dcDt Wou'd DC uscd "a cu'trhct
interest,". ana the olh OF tho "eDt ""h 'oon b.
iunued AT a not cdiD5 4i2 ger cent per 'Hul,
oh, IN parr worth ,s Lace III sohi IL s..Nns
l.yIncul Of Tue poDc dcDt Neac oiios"d - thc is-
IN iUncy increasing thc amount % our l"r IN "'Dt,
v,cn -.cdly drons orr country Oi tOh, mcn"'cr our
nntncial siaDty, AID Is lar mot serious gar '"u IMAM
a duuCstlC dcDl. iolfcy sA0di' DC d.oi"d, lhc 'ch
uency wOdid Dc Ia diI1iish u"i loicIh vbh-|
and 10 have tne Am1fi,ah uebt owed 10 Ameilc"h
citizens. 80 -, A., NJ. -. ..aa...,..,.o
win Ir1nei Ics would soon cAiiS~i,l tie !,h,"
on cod, MOlld ave a H,.tuc Cur~nCy unan ciel ~
iur,ilu and padics ..nedaicy reNciso Vd dIoOI
ing inuuses ana give a1vi ,I"piV! l'hV "t JSt ""to
AID Iescuc cVun,ry nom The uuU'td'iatt i"7loh Ia
winch Il Doen placed ~ an ca 'dt"ht aln'eI",
ANA incompetent iuei'hdDa We nv cNe.S tooh
cuzSu ircsp GIVE vi rryOu- irty alJtJisi 10 nhito
with political Resistance ds'hH' lac lshOi'a, war
nov .Dg Wagcd Le man! IUr lac benrii OF u" H."
ana end cOucl Ur lIohus 40 cast ever! VOC
that paty whoee pAtoi snail uo inost II aee1ii
viii tue sentiment ol Jd-toe a"d 'he pilheipe- 'h
set forth.