Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1879-06-11
financial condition; demands

~
that the government shall issue
an ample volume Of full legal tender
currency, to meet the business needs
Of the country and to properly pay all
of it's debts We recognize the deplo-
rable commercial condition of our
country as something appalling to con-
template, and we unhesitatingly hold
the old parties responsible for the ne
farious and ruinous policy pursued and
point to their record as full and COM
plete evidence to the people that it is
folly to hope for relief from either, and
we unh esitatingly charge this suffering
and degradation as the result of legis-
lation of the last quarter of century
being solely in the interest of monied
aristocracy and corrupt corporations.
The funding of the national debt
into long time bonds, to be paid over
and over and over, and the form of in
terest absorbing the wealth of the ma
nation; making business prosperity an
impossibility; reducing the laborer to a
condition of semi-slavery, and render
ing the welfare of the nation subservi-
ent to the interests of the bondholding
class is an outrage SO mOnstrous, that
any political party that sanctions it is
unworthy the support of intelligent
and honest men. We are infexibly
opposed to the issue by the government
of interest bearing bonds of any de-
scription for any purpose whatever.
The national banking system should be
Immediately abolished. A tariff amply
sufficient for the protection of Amer
lean industries should be maintained
till a fair financial system may have
shown it to be unnecessary to tax labor
fo- the support of capital. All internal
taxes should be dispensedwith and
a graduated income tax substituted.
The immediate of all govern
ment bonds in legal tender greenbacks
and the equalization of soldiers bounties
A platform reported by Gen. Sher-
wood as minority committee on
resolutions called out bitter discussion
and when it was voted down a number
Of delegates left the convention.
MAINE GREENBACKERs.
PORTLAND, Me-, advices of June Sd
state that the greenback con-
ventiOn met at noon. VIM. M
bust was made permanent chairman.
Committees On resolutions and nomi-
nations were appointed and recess
taken.
At the afternoon session the COM
mittee on resolutions reported as follows:
This convention reafirms the cardinal princi-
pies enumerated in the platform of the national
greenback convention of Maine in 1878, and LOOKS
with pride and satisfaction at the endorsement
by the people of the same at the September cleo
ton; also congratuates the people OF Maine upon
reforms inaugurated by the nationals and carried
forward by the last legislature. The decay of
American shipping is subject that justly causes
anxiety and alarm, and we demand such legisla-
ton shall cause its early restoration
The increase of the cola bonded Indebtedness
of the government in time OF profound peace
from one billion one hundred thousand million
dollars in 1868, to two billion dollars in 1879, is
fact startling as to alarm every friend of the
country; that the reduction of the of coin in
terest, and at the time increasing the prin-
cjpal to such an amount as to vastly increase coin
interest &C ntinualiy, under the pTeteXt of econo-
my and by reduction of the rate of interest," is
such deception and fraud upon the people as o
merit the most severe condemnation, etc.
Joseph II. Smith, of Old Town, secur-
ing S51 votes, was unanimously declared
candidate for governor and the conven-
ton adjourned.