Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1878-03-28
THE HERALD.
HONEST MONEY.
The Convention Lsya Before the Country .
Full Expression OF its Principles aud the
Reason and Arguments In favor
Thereof

The Convention Lsya Before the Country
Full Expression OF fts Principles and the
Reason and Arguments In favor
Thereof
Chicago, March 15.-In pursuance
ct a call for q meeting of the HARD
Money League and those in sympa'
thy with it's objects, prominent bust.
ness men representing number Of
the Western States and of both the
Republican and Democratic parties,
met at the Grand Pacific this after
noon, and were called TO order by
the Hon. George w. Allen, of Mil
yankee, who set forth the object OF
the meeting 10 few words aud al.
luded to the necessity Of an organi-
cation like that contemplated by
those in attendance. He declared
that this was q fight for our firesides
and that the issue must be met now.
On motion committees on organiza-
ton and addresses were appointed
The committee on organization made
the following report President,
George w. Allen, of Milwaukee !;
Treasurer, Lyman G. Gage, of CHS
cago; Secretary, Thomas M. Mich
oil, of Chicago; Executive Commit
tee-M. Il. Scndder, d. Il. Shorey,
J. M. Durand, J. Il. Dunham, w. T.
Baker and Charles Rodolph, of Chi
cago; B. Liedersdorff. Edward San.
derson and Alexander Mitchell, of
Milwaukee; &. v. White, of La
Crosse; F. w. Hayes. of Detroit j,
A, Wheelook, of st. Paul; Thomas A.
Bones and L. s. Fisk. of Racine; Ed
ward Russell, of Davenport. The
committee on platform and address
made report which was discussed !,
and, after slight amendments was
unanimously adopted. 1t is as fol
lows
ITO the People Of the United States:
pursuant to call meeting of
the citizens of the northwest in ia.
vor of az honest money standard,
was held in the city of Chicago to-day
and the following declaration was
unanimously adopted as platform
VI PtihOipions
Opposition to all paper initiation
and its consequent depreciation in
favor Of coin and paper of equal value
and equal purchasing power, and con.
vertible into each other at the will OF
the holder
In this connection the meeting d.
rected the publication OF the follow
ing statement, to which we ask your
attention
The industrial interests of the
country, and consequently the welfare
and happiness of the people, require
stability in the standard Of value and
uniformity in the circulating mediums
OF exchange.
Second, The experience OF all civ.
ilized and commercial nations proves
that gold and silver possess stability
OF value in greater degree than any
other commodities, and are, therefore,
the best standard Of value, and in
connection with paper representatives
convertible into them, on demand are
the only safe and circulating mediums.
Third, 1t Is the duty of the Gov.
eminent to establish and maintain a
sound and uniform currency system.
The establishment and maintenance
of such system was one of the ends
contemplated by the founders of our
Government in framing the constitu-
ton, and to secure the advantages of
such a system requires only firm ad
herence to the principles and spirit of
the constitution.
"Fourth, the constitution contem-
plates only the use of precious met
ais as a standard of value. These
principles were strictly observed by
the Government until the great ma
tional emergency compelled tenn.
porary departure from them. That de-
parture was solemnly and repeated.
ly declared to be only temporary,
and only justiiable on the ground OF
extreme necessity in q time of ma
tional peril, and the most positive
assurance has been given by the
legislative and executive depart.
meuts OF the Government that when
the exigency of the war should pass
way,the government would az soon
as practicable, return 10 the consti-
tuition and O stable and metallic
standard and measure of value.
"Fifth, The emergency that made
it necessary for the Government to
force upon the people an irredeem
able paper currency having passed
away. to now perpetuste that sys.
tenn as a permanent financial policy
would be violation of the spirit Of
the constitution and of the spirit Of
the laws and pledges under which
our war currency was issued, and
as the experience of the world has
proven, would necessarily be follow
ed by sill further depreciation, te
the great injury of all legitimate
business, and add to the suffering OF
the laboring classes upon whom the
evils of the deprecated currency
inevitably falls most heavily.
Sixth, The national honor anc
both national and individual pro pri
ETY. demand return TO the stand
ards ofvalue recognized iu the con.
stitution, and with our present pa.
per currency, almost at par with coin
to delay such return and to au,
thorize new issues of Tired sema able
paper would only add to the further
depreciation, till as 10 past expert
ments of the kird, the paper will be.
come worthless, leaving us without
any reliable circulating m dunn, and
entailipg destruction or all industry
and misery and poverty on the m ass
es of the people,"
Seventh, 1--WE have now an sbuud
ance of money to supply all tn,
wants of trade Our paper eurrenc,
is rapidly approaching the uniforms
ity and stability of the coin standard
If left free from further legislativ,
changes it will soon, by force of nat
1raI laws, go into general circulation
and general confidence and prosper
ity be restored to the community.
eighth, We invite all our fellow
citizens who concur in these lew
of the nature of money and medium
of aYahanne and fha fuoats1,s ~