The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-08-12
TIE GREENBACK CREED.
DECLARATION OF PRINCIPLES MADE
RY THE RECENT MEETING nm
WASHINGTON.

WASHINGTON, Aug. 1.-THE following is the
declaration Of principles adopted by the mem.
bers of the GreenbaCk party who assembled
in this city on Tuesday night:
We believe the two great political parties,
as now constituted, to be SO completely under
the control Of office,,seekers, professional poll
tiCans bankers and money mOngerS that IL
is unsafe longer to intrust to them this gov
eminent
We believe that Intelligent and pure men,
regardless Of former party associations,
should fill all positions OF trust and RESPONSE
We are opposed to third terms for public
offices, except in those cases where skill and
expprieuce are Indispensable to the proper
performance Of the required services.
We believe the powers OF the general GOV
eminent are restricted to the express grants
of the constitution, and all powers not grant
ed are reserved to the State and the people
thereof.
We believe that the right of States to tax
property in the States is inviolable, and that
United States bonds should bear the burden
of government equally with all other prop
erty, and any fegisi5uttu ttt1tttt eEeHapts said
bonds from taxation is unjust and oppressive
We favor full le,gaI-tender currency for
the government and the people, the laborer
and the otfice-holder, the pensioner and the
soldier, the producer and the bondholder-a
currency alike in value in every mans hand
wherever the American flag floats as an en-
blem OF sovereignty.
We demand the immediate and uncondi-
tionaI repeal of the'so-called resumption act,
the lawful liberation of the coin boarded in
the Treasury, and the removal of all restric-
tiOns to the coinage OF silver.
While we favor the circulation Of gold and
silevr as money, yetrealizing that specie never
has been and never can be sufficient to supply
the commercial demands OF the country, we
therefore favor the issue OF treasury notes
to such extent as will fully satisfy the re-
uuirementS OF trade, and that such notes be
made full legal tender.
We believe that the national bank system Is
oppressive to the people, and therefore de-
mand the retirement OF bank currency and
the substitution of greenbacks therefor.
We declare that all bonds and obigations of
the national government ought to be paid In
legal tender notes Of the United States. except
where it is otherwise provided by the original
law under which they were issued; and all
that can be called in and paid now should be
paid at once, and the remainder as soon as
it can be lawfully done
We oppose the further issue Of interest
bearing bonds on any account, at any rate OF
interest, by the government
While we oppose monopolies, subsidies, and
special privileges, we favor judicious eX-
penditure of treasury notes on internal i'm
provements, and In the construction OF such
rail highways as will furnish protection
to our maritime and land frontiers and open
new markets for the products of American
industry.
We believe that an economical expenditure
of money in the construction Of one or more
lines OF railway into Mexico, and the extern
sion of a second and third line. that will
create competition, to the Pacific coast,
will be the means of making more accessible
the market of that republic, as well as those
| of Australia, China and Japan, whose trade
will invigorate and sustain our manufacture
ing and Industrial interests to a greater e1-
tent than any other system OF Internal i'm
prOvements could possibly do.
We believe that the public lands are the
common property of the whole people, and
should not be sold to spectators nor granted
to railroads or other corporations, but should
be donated TO actual settlers in limited GUAM
! titles.
| We believe the interest Of the industrial,
wealth producing classes is the paramount in
| terest of the people of the United States.
| Those whose labor and enterprise produce
wealth should be secure in its enjoyment.
Our warmest sympathy is with the laboring
classes who have been thrown out Of employ
ment by the ruinous financial policy and un-
just legislation Of the Republican party, and
| who must still continue to suffer under the
system Of false economy now established by
| the Democratic party and we pledge the Ma
| tional party to a reversal Of that policy and
| the restoration Of all the rights they are enti-
| tied to upon it's ascendency to power.
Upon this platform OF principles the Ma
| tional party, feeling that the popular heart
beats in unison with it, appeals to every lover
| OF constitutional government, whatever may
| have been his former party affiliations, to
unite with us in our efforts to rescue the adj
ministration Of the Federal government from
| the hands of those who have and who still
| persist in centralizing power and expressing
the people.