Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-03-16


cy Denounced as Violation of Plighted
Faith and Soon to Result in Disaster and
Ruin.
CHICAGO March 15.-In pursuance of
call for meeting of the hard money league,
and those in sympathy with its object,
prominent business men representing
number of Western States and both the
Republican and Democratic parties, met at
the Grand Pacific this afternoon, and were
called to order by Hon. Geo. w. Allen, of
Milwaukee, who set forth the object of the
meeting in a few words and alluded to the
necessity for an organization like that con-
templated by those in attendance. He de-
the issue must be met now. On motion
committee on organization and address
were appointed. The committee on organi-
zation made the following report which was
unanimously adopted.
President George w. Allen, Milwaukee.
Treasurer Lyman J. Gage, Chicago.
Secretary-Thos. M. Nichols, Chicago.
Executive Committee-M. L. Scudder, D.
L. Storey, j. NJ. Durand, j. H. Durham, w.
T. Baker and Charles Randolph, Chicago
G. Leidersdorf, Edward Sanderson and Alex
ander Mitchell, Milwaukee; E. N. White, La
Crosse: L. w. Hayes, Detroit; j. A. Wheelock
St. Paul; Thomas A. Bones, T. G. Fisk, Ra-
cine. Edward Russell, Davenport.
ADDRESS AND PLATFORM.
Tho
made report which was discussed by
Messrs. Storey, Smit', Randolph, Nichols
Allen, and others, and after slight amend
ments, unanimously adopted it, as follows,
TO the people Of tile United States: Pur-
suant to call, a meeting of citizens of the
Northwest in favor of an honest money
standard, was held in the city of Chicago to-
day, and the following declaration was unan
imously adopted as platform of principles:
Opposition to all proper imitation and con-
sequent depreciation in favor of coin and
paper of equal value and equal purchasing
power, and convertible into each other at the
will of the holder.
In this connection the meeting direct
the publication of the following statement to
which we invite your attention.
First-'The industrial interests of the coun-
try, and consequently the welfare and hap
piness of the people, require stability in
the standard of value, and uniformity in the
circulating mediums of exchange.
| Second-The experience of all civilized
and commercial nations proves that gold
and silver possess stability of value in a
greater degree than any other commodities,
| and are therefore the best standard of value,
and in connection with paper representa-
tives, convertible into them on demand, the
only safe and uniform circulating me-
diums.
| Third-It is the duty of the government
| to establish and maintain sound and uni
form currency system. The establishment
and maintenance of such system, was one
of the ends contemplated by the founders of
our government in framing the constitution,
and to secure the advantages of such sys-
tenn, required only a firm adherence to the
principles and spirit of the constitution.
Fourth-The constitution contemplates
only the use of the precious metals as q
standard of value. These principles were
strictly observed by the Government until a
great national emergency compelled tenn
porary departure from them. That departure
was solemnly and repeatedly declared to be
ground of extreme necessity in time of ma
tional peril; and the most positive assurances
have been given by the legislative and execu.
tive departments of the government that when
the exigency of the war should pass away
the government would, as soon as practicable
return to the constitution, and stable metallic
standard, and measure Of value.
Fifth-The emergency that made it neces
sary for the government to force upon the
people an irredeemable paper currency hay.
ing passed away, to now perpetuate that sys
tenn as permanent policy would be viola
ton of the spirit of the constitution and Of
the spirit of the laws and pledges under
which our war currency was issued, and, az
the experience of the world has proved
would necessarily be followed by still further
depreciation, to the great injury of all legit
innate business, and add to the suffering O
the laboring classes upon whom the evils o.
the deprecated currency inevitably falli
most heavily.
Sixth-National honor, and both nationa
and individual propriety, demand a return t,
the standards of value recognized in tn,
constitution, and with our present pape
currency almost at par with coin, to della,
such return and authorize new issues of il
redeemable paper, would only add to turtle
depreciation, till, as in past experiments o
the kind, the paper will become worthless
leaving us without any reliable circulating
medium, and entailing destruction on al
industry, and misery and poverty on til
masses of the people.
, Seventh-We have now an abundance q
, money to supply all the wants of trade
Our paper money is rapidly approaching tn
) uniformity and stability of coin; if left FIRE
from further legislative changes, it will soo1
by force of natural laws go into general Gil
: culation, and general confidence and pros
+ perity be restored to the country.
8 Eighth-We invite all our fellow citizen
: who concur in these views of the nature
f money and medium of exchange, and til
Q functions of government in relation thereto
! to unite with us in an effort to maintain til
: honor and welfare of our common countl
J. and in a protest against the adoption of q
9 irredeemable paper money policy whic
would certainly, sooner or later, be followe
+ by all the evils of fuctuation and depreci
), ton, ending only in ultimate reputation an
general financial ruin.
The committee on address then adjourne
Communications on this question should
9 addressed Honest Money League, Chicago
$ MURDER AND ARSON.
~ A Man and His Wife Murdered and The
: Bodies Burned.
e Fort MADISON, Iowa, March 15.-T
h house of Henry Grazer, living four mil
le west of this city, was burned last mig
+ about midnight. The neighbors, seeing t
:, fire, rushed to the rescue, but too late to ga
- AH. ..J 16.r