Mexico weekly ledger. (Mexico, Mo.) 1855-1956, 1878-01-24
MISSOURI STATE GRANGE ON
FINANCE.

The following resolutions were
headed with long preamble setting
forth the financial condition Of the
country; the whole Of which. were
by the State Grange at Boonville,
adopted.
RESOLUTIONS.
We, the Representatives of the Pa
irons of Missouri, in State Grange
assembled, demand the abolisblnent
of the national banking system; and
call for currency issued directly
from the government of the people,
and based upon the credit of the ma
ton which shall be legal tender for
all debts, public and private, except
where contracts have specified some
other kind Of payment.
70 relieve the producing classes
from system of usury which is but
another name for confiscation of their
property rights, we declare in favor
of direct loans of treasury notes, un-
der suitable and just regulations, to
farmers, manufacturers and miners.
To relieve taxpayers from onerous
burdens of taxation for the payment
of interest on State and city debts, we
declare in favor of direct loans OF
government treasury notes to States
and cities, to be used in liquidating
standing bonds.
In view of the fact that whatever
money paid into the public treasury
as interest for the use of treasury
notes, will relieve fhs people from
taxation in other forms to an equal
amount, we recommend that the rate
of interest be established al three per
cent. per annum.
As matter Of public economy, and
in obedience to sound business prin-
ciples, we demand that the national
bonded debt which is subject to call
and payment in legal tender treasury
notes, shall be so called and paid
without delay.
That the burdens of taxation may
fall equally upon the palace of the rich
anu the hovel of the poor-upon
wealth i'm Golfers as in land, we de-
clare against the issuance Of any more
non-taxable bonds, and in favor OF
recalling those already issued as soon
as possible, if there is no honorable
method Of making them taxable.
| For the purpose OF paying our coin
obligations according to contract, we
dem and the reconciliation of silver
on basis equal with that gold
Alp l-2 grains to the dollar.
| We demand the repeal of the Re-
sumption Act.
To enable the frugal of all classes
to save their earnings and receive
small revenue therefrom, we demand
the establishment by the general
government of postal savings banks,
the certificates of deposit which shall
draw two per cent. interest per an
mum, but shall not be transferable or
used as currency.
Believing the objects sought by the
foregoing propositions to be neces-
sary for the perpetuity of the Repub-
lie md the welfare and happiness Of
her people, We call upon all produc-
ing classes to join us in securing their
adoption.
And we claim, that in the advoca-
cy of these principles We regard 40
gratituitous the charges of dishonesty
and bad faith which have been hurled
against us by leading public journals
and learned statesmen in the halls of
Congress, and would simply say that
such charges are more benefiting
those who have added to our public
aed private indebtedness by the pas
sage Of clandes tine act which limit
ed the use of silver coin and by add
ing $500, 10000 to the public bur-
den by changing currency to coin
debt, as was done by the act of Con-
gress Of March 1s, 1869.
ID. L. Kosr.
Chairman Joint Committe. on FL
nance and Resolutions.