The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1877-11-29
Grange Action on the Financial Question.

According to Colmdn's Rural, the
ST. Louis County Grange, at regular
meeting on Saturday, November Sd.
considered, discussed and finally
passed the following preamble and
resolution unanimously, to wit:
WHEREAS, 1t is Gu stomary for bod
les of representative men in the vari-
Gus pursuits of life to give expression
TO their views with reference to the
laws and policy Of the State and Ma
ton; and whereas, the banking inter-
est, through its national association,
and the commercial interest, through
its national board OF trade, have spo-
ken out upon the financial question
and recommended such measures as
in their judgment will best secure the
interests of their pursuits; it is now
incumbent upon the agricultural class
to speak out with equal posiiiveness
aud clearness upon that question as it
appears to them from that. standpoint;
be it therefore,
Resolred, That this Grange instruct
its delegate to the State Grange to use
his Influence and vote to secure such
all expression by that body.
Al the same meeting was presented
by delegate from Mount Pleasant
Grange, the following:
To the Forfy:fth Congress Of the
United States:
GENTLEMEN 1t would be an i'm
parchment of your intelligence to
enumerate the adverse circumstances
with which our industry, in common
with others, is surrounded, and which
threaten, not only the perpetuity of
our most cherished institutions, but
the very existence of our social fabric
itself
Assuming that You are familiar
with these facts and conditions, and
that your greatest desire is to faith
fully represent the people for whom
you act, we beg to submit for your
consideration the following PROPOSE
tions:
/. a legal standard Of payment. or
instrument Of association, in the form
of currency, is necessity to our civ
ilization.
?. The difficulties under which we
labor lie in and spring from the exer-
else of unsound theories relative to
this instrument which We call money.
3. We submit that value is rela-
tive term, and that all products of la
Dor, including gold and silver, must
flactuate in obedience to the varied
circumstances with which they hap
pen TO be surrounded.
4. That there exists mean or aver
age relation between the products or
commodities, each with all the others
and that this average relation is the
only thing that can be said, with
truth, to be standard of value,
5. To attempt to express this aver
age relation, by the use of one of the
commodities having large innate val
ne, or by one limited in supply, is alb
surd upon its very facets exchange
value being in constant conflict with
this relation.
9. 1t seems therefore, conclusive to
your petitioners that, as symbol to
represent this average relation, ma
terial should be chosen having the
slightest possible innate value, and
whose supply is unlimited, so that
the exchange value of the material
may never come in conflict with its
instrumental functions.
Z. Tha. such material. when put in
the most convenient form for use, and
endowed by the sovereign will of the
Nation with absolute and complete
paying power within its jurisdiction;
its value gagged by a fixed aad unva-
rving rate of interest, and its volume
subject to the call of the owners of the
real property of the nation, as well as
those holding government obligations
it would practically and almost per-
fectly represent this average relation,
and, therefore, be true standard for
the comparison of values.
8. We insist, therefore, that you
should adopt system of finance that
will free our currency from the alb
surdity Of coin redemption, and re-
lieye the people in fact from the grasp
of most unrighteous and tyranical
monopoly, which was adopted by the
following resolution, to wit:
Resolved, That this Grange submit
the preamble and resolution presented
from Mount Pleasant Grange, on the
question of finance, to the subordinate
Oranges Of The county, and request
such action from them as will express
a large influence in favor of said petit
ton by signature snd otherwise.