The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1878-03-23
THE GREENBACKERS.


INdFu ~ piuNi W MI DuNlt VI iOhlN">
CHAIRMAN of the central committee, who was
mae chairman; b. J. McGinnis, of Ottawa, was
mae secretary.
Acommttee on credentials was appointed, who
reprted - delegates, representing IL towns,
preent. To these should be added others inter
estd In the cause, but not delegates, so that
abnt % persons were in the convention.
The object of the meeting being asked for, Mr..
Rciey said it was TO appoint ID delegates to the
Springfield convention on the 2Sth, and to rcor-
game the old greenback party under the new
name of the national party, the object of which
wasthe final and equitable distribution of the
products of this country, upon the principles ex-
pressed by the convention at Toledo.
J.S. Armstrong, who was at Toledo, then told
of DIne of the struggles there. As to the name,
then were all sorts of parties wanting recogni-
ton and so they concluded to call it the nation
al prty, which was broad enough for all practi-
cabb purposes. The most dangerous element in
thatconventlon was the east. The south and
ives were in favor of prohibiting all further is
sues of L. S. bonds, while the east wanted them
Thewest has no money to put into bonds for the
reason that she puts it into farms; the east
wants bonds for her savings. By a fight among
somr eastern delegations the south and west won,
and ''no more bonds" is the Toledo plan.
Mr.. Westgate said he was in favor of the green
bach, but he did not want any bonds. "Bonds
mean bOndagc"-only this and nothing more.
He thought, however it would be well to post
pcnt reorganization till after the Springfield con
yenton.
| Rbhey said he was an old grecnbacker-had
beer one since 1862 but nevertheless he thought
the nterconvcrtiblc bond, at an equitable rate of
interest, (Which he afterward put at per cent
would be good thing. For example, he said,
my work horses in working seasons are valuable
and necessary, but in winter have to keep them
at loss Money, however, is different; when ii
is not needed on the farm, could then put it in
to an interconvcrtbe bond till needed it. This
is the only way to keep the money out OF the
! hands of the rch-the cheapest way of keeping
it in the hands OF the people; this, too when the
supply Of greenbacks is unlimited,t s the mcdus
operandi for regulating the volume of the currcn-
cy and preventing its becoming too cheap and
deprecated in value,
Another gentleman wanted to know why, If il
keeping his spare cash, he didn't ask the govern
ment to keep his horses through the winter and
in addition pay him for 50 keeping them! Mr.
X. gave it up" The gentleman then went OF
to say that the way to keep ones superfuou:
cash was "a salt II down in his stocking, then III
safo leeping would cost no one anythinr /
would be kept sin the hands of the people" ant
be safe in every way. He wanted grcenback:
and plenty of them and every man to be his Owl
banker.
Mr. Gibbs then offered the following rcsolu
ton, so as to have something under discussion:
! R,sol,ed, That NO delegate be elected to tho
Springfield convention who is not opposed to al
intcrconvertible bonds, and in favor of the immc
diatc payment of all [. s bonds in full legal ten
der grcenbacks
! Mr. Armstrong said he was in favor Of low
interest bearing bond, for sayings-thc3 800 poStd
bond in fact; but he was opposed these "rciund
ing" bonds, which were rcfundng in Aame bu
not in fact.
Kelly OF La Sale, was opposed to the bonds
they were the get of the money power, the poo
had no money to buy them, and SO could not b.
benefited. Besides these bonds COntcmplat,
paying 365 per cent an outrageous interest
since the rate of production over consumption
was only 2A per cent, which was the h CHEST rat
that could be paid. Let those who have none
put it into some industry He didn't want an
laws for the poor-he never saw one for then
yet.
VI. f. OCrowlcy was against the bonds. III
thought that if wealth is to draw interest whcl
idle, labor should have the same.
t,,J, 4, 90
what greenback was and whether these bOnd
were to be taxable. Richcy said grccnback il
Illegal money, made Of material without value
paper; it is irredcemablc is not a promise Il
pay it is pay. Bonds should De taxed
\. to paying the bonds, Wcotgatc said that tn,
soldiers were paid in grccnbacks and didn't Sc,
why the same were not good enough for tn,
'bundholdcrs. Another said the bonds should b,
paid iu the money their face called for. Aftc
more talk, the motion 10 adopt the resolution a.
above was agrccdto.
Then more talk on the same subject followed
Then delegates were chosen, who were pledged
to the resolution, as follow:
II. X Parr, Isaac Mason, l.. y. Ashley, VI
Woolcy James Kelly, VIM. ". Gilman, ". Y
Wor,lcy, b. Edgccomh, T. X. Griilan, Fawcc
Plumb, Mark IIoag, John Gibbs, Cyrus Carver.
+, lt,7mtes--,J. X. Miller, Harrison Fry, J. II
Holdrdcc, II. j. Wood, DR. Garfield, Philu Castle
|Chaunccy Wixom, David We-tgate, C. ;. Griilan
Frcdk Eads, solomon 10y, {. p Eastman, \. I
/ Armstrong.
The delegate, were instructed 10 work for
change in the name Of the party, calling ii In
igryeuhlck party or the national grccnhack party
! The Strcator National was then adopted "a Ia
-onicIal organ Of the party, with the request tina
the concern move to Ottawa.
Adjourned siH. de,
CHr,P.-Clothing at cost before The new good
arr1, We must sell TO make room FOR III" ne'
spring and summer C!uthing.-F I.
" name, you see; but nevertheless VI. stci,
x Cos big house swarmcd with customers tai
wcyh 90 see and buy the good.
desirable home on Illinois Avenue, west sd,