Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1877-10-27
The Greenback Meeting Resoiu.
lions.
EXPLANATION OF THEM By JOHN H. sTRI
DER.


deem il imperatiye upon every fair-mind-
ed citizen to aid in putting in Legislative
bodies men who will exert themselves 10
euualize the burdens of the people.
ist. By establishing a circulating medi-
um of exchange OF equal value, DC IL Soid'
silver or paper.
We claim that Congress can accom-
plish by legislation, what is now being
aimed to be done by tnrafion namely,
by amending the illegal tender act, ana
making the greenback dollar recelya-
BILE in payment of all debts, both public
and private. This at once practically
equalizes gold and paper and virtually
brings about specie payment as the
mercenary motive for holding gold
would thereby be destroyed, for as mon
ey-gold-would have no greater value
than the paper dollar; the reader to fully
realize the force of this assertion must
recollect that money is stool, created
for public use and convenience by the
authority of the State or government
under which We live.
The United States has certainly at
tanned sufficient rank among the nations
of the earth to entitle her TO monitary
system of her own; it now devolses
upon her statesmen to devise such an
one as shall meet the growing wants OF
her constantly increasing population and
consequent expansion OF business.
To fully comprehend the Importance
Of this question we would invite an un-
preiudiced consideration of the business
status of every man, from the penny
dealer to the millionaire in trade, aud
the honest response will be decline, de-
cline! The cause is the question TO be
looked after!! A benefcent providence
has been as bountiful as heretofore, the
earth has given forth her products i'll
abundance, but our financial managers
for speculative purposes have withdrawn
from US our stool of exchange-moncy
made it scarce so as to make 1t high
priced, consequently it costs us more TO
obtain it, than what we produce with 1t
will Justify us in giving. Experience is
more positive than theory, and it is the
experience OF almost every man en-
gagged in any and all kinds Of business
that there is a stringency in trade; the
hundreds of suspensions, and total fail
ures of business men within the pas.
few years, are painful evidences that
something is wrong
That wrong, we claim is in the char
acter of legislation, which places in the
power of Wall Street brokers in New
York, to proclaim each day in the year,
the disparity in the value of money,
which the people OF this nation are
obliged TO use.
2Np REsoLUTIoN.- we demand
that all property of whatever character or
kind shall be equally taxed for the sup
port of government, both State and Ma
tional.
No fair-minded man can honestly OBJ
ject TO the demand that all property, OF
whatever sort or kind, whether stocks,
bonds or laud, shall be equally taxed
for the support of government
RESOLUTION 3RD.-That to avert the
aristocratic influence money capital
there should be uniform interest law
passed by the States and general govern
meat restricting interest on money to the
ascertaiaed productive capacity of labor
and land.
1t is manifest that when money dom
mates, and is left unrestricted by law,
it becomes arbitrary aud extortionate in
the hands of shylocks and ayaricious
persons. 1t therefore should be subor
dinated or restricted in its utilized val
ue, TO the productive capacity of labor
aud land, for whose convenience it was
created.
4TH REsoLUTIoN.-Thatj justice demands
the payment of the public debt as it ma
lures and that no more interest-bearing
bonds be issued.
There are two classes of credits used
by our government, namely the green
back or paper money, and the paper
bond; the latter is made to pay interest,
aud acts as an absorbant and concentra-
tor of the first The people are taxed
to pay the interest OIL the bond; the pa
per dollar is free from this objection,
and retains the same responsibility Of
paternity, consequently we claim that it
should take up the bond, and relieve
the people of heavy burden of over
one hundred millions annually OF taxa
ton, to pay interest on bonds t
9TH REsoLUrIoN.-That we regard the
Resumption Act passed by Congress i'm l6-
- as unwise, and recommend its repeal.
The facts surrounding this resump.
ton act, make it inconsistent aud sus-
picious.
lst. The act provides for the creation
aud selling by the Secy OF the Treasury
of the Uulted States of Thirty or more
millions of dollars of interest bearing
bonds, the proceeds to be applied 10
take up or redeem U. s. Treasury notes,
now we hold that so far as response
bility is concerned that the u. s. Treas
ury notes, as valuable as the bond-less
the Interest, both originating from The
same paternal head; and the specie ba-
sis il claims is a mere sham, and cannot
be reality, for it is utterly impractical
bic for our government TO have suficl-
eDt currency in gold, TO meet the de-
msnds for circulating medium of ex-
change, then il follows as necessity
that we must haye'a mixed circulating
authorized by government au-
thority, aud justice demands it should
be equal in value 1t is also patent that
our government now receives gold in
payment for all import dues, and peri
odically sells that goId-why create this