The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-04

Is InlS Un0 case UHdU even ucIt. LII GHO |
far northwest, the long arms Of the
capitalists reach out and compel the |
Republican state convention to en-
dorse that policy in the broadest and |
strongest terms. One of the resolu-
tions adopted by the Republican party |
of Minnesota Sept. 9th, was as fol- |
lows:
Sd. Resolred. That aDe commend the |
conservative financial policy by which |
the national currency is steadily and |
surely approaching a gold standard.
and believe that simple persistence in
the practice of that prudence and
economy which have long been recog-
niZed as the essential conditions OF
private prosperity, coupled with the
healthful business revival already re-
sulting therefrom, now everywhere
observable, will lead to that early re-
sumption of specie payments to which
both the inrariable policy of the Repub
lican party and the faith Of the gor-
ernmenn are solemnly pledged.
This is plain, square, endorsal, by
the Republicans of Minnesota. OF THE
PRESENT FINANCIAL POLICY. 1t
means the burning of the greenbacks
and the issue of national bank notes
in the place; it means forced resump-
ton by contraction; it means the in
crease of the public debt by the issue
of bonds in lieu Of the greenbacks de-
stroyed and it means the continued
demonstration Of silver. To all this
the Republican party squarely COM
mits itself.
When this resolution was reported
to the convention by the committee
on resolutions it closed as follows:
We also hold that our bonds or
promises to pay money made by the
United States prior to the passage OF
the act Of congress of February II,
1874, are rightfully payable in either
gold or silver coin. as the United
States may elect, and that the provis-
| ions of that statue by which it is en-
acted, that the silver dollar shall be a
tender only in sums Of five dollars or
| lCOS, OuS AV W OO AOPO0ASNs
This plain demand was, after full
discussion, STRICKEN OUT BY THE
CONVENTION, and in place of it the
convention took the following action,
as appears from the report of the Pho
7leer- Press:
The third resolution was read.
| of RI
add at the close of the third resolu-
ton, "and that silver be remenetized. :
That motion was lost.
Mr.. Buckham spoke against the res
olution, because it was opposed to the
principles of the Republican party;
because it favored a double specie
standard; and because it was too in
definite in terms. He didn't think
the Republican party of the state were
ready to endorse that resolution.
Mr.. Chute moved to strike out the
word gold in that resolution, and
insert the word 'scoin.' Certain gov
.. ernment bonds, he said, were payable
in coin. and coin was gold and silver
, and both were a legal-tender when
, those bonds were issued. The bonds
that are payable in gold should be
paid in gold, and those that are paya.
BILE in coin should be paid either in
gold or silver. He was in fact, in IA
vor of the reconciliation of silver.
Mr.. Chute's motion was adopted and
"gold was knocked out.
Mr.. T. T. Drake said they were
about passing resolution that they
might be ashamed of after awhile. He
did not like to see an issue made upon
this question, and he therefore moved
: to strike out the third resolution en-
tirely.
Gen. John 3. Sanborn said this was
one Of the most important questions
ofthe day. and something must be
laid about it. EVEN IF IT MEANT
/NoTHING. He opposed the motion tc
strike out the third resolution.
i. The convention then adopted Mr.
brakes motion, and the third plank
was pitched out of the platform.
Mr.. J. N. Waldron, of Meeker coun
ty, moved that this little resolution
go into the vacant space in the plat
form.
RESOLVED. That we are in favor OF
the double standard Of coin and that
we believe that the act Of 1873 de
monetizing silver should be repealed
Mr.. J. A. Leonard moved that both
be adopted. Laughter.
Mr.. Fred Driscoll moved that both
resolutions lie upon the table, which
motion was carried.
On motion of Mr.. Leonard the con
vention expressed itself in favor OF
the remonetizatiOn of silver.
And here is DIR. Leonard's resOlu
ton, as reported in the Pioneer-Press
7th. Resolred, That we are IN favor
of the reconciliation of silver.
Concerning this the p. 2. said tht
i next day, and it spoke as supportet