Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-03-08

! ne " uS III ldNOT VI du eHIlTe announcement
| Of parties, and of founding new parties in
the State. The Republican party had been
unable to do anything, and he thought there
was brains enough in the Democratic party
to settle the matter for ever
THE RESOLUTIONS.
General Gordon then read the following
resolutions:
WHEREAS, We recognize a great variety
OF opinions among the people of the State as
to what would be just and proper basis on
which to adjust and settle the public debt of
the State, we think it would be wise and
patriotic Tor those favoring the highest
figures and those favoriDg the lowest to make
mutual concessions and compromises, and
agree upon a common basis for an equitable |
adjustment. And, therefore, speaking for
ourselves as one of the communities OF the |
Scste, be it
Resolted by The Democrats of !SieLJv eou,ty |
IN contention assembled, That in view of all |
the circumstance, conditions and uliafor- |
tunes that have afflicted the State for the /.
last twenty years, the vast destruction of !
property and the general ruin entailed on |
the State by the late war, the impoverished |
condition of the people resulting therefrom |
and their consequent impaired ability TO pay, |
the shrinkage in values of nearly every spe- |
cies of property, and the reduced prices at |
which the bonds OF the State have been pur-
chased and the equities in the case, we favor
debt on basis OF fifty cents on the
dollar and interest at the rate of
three per cent. per annum; and |
it shall be our unalterable determination to
stand by and execute such settlement in the
utmest good faith.
Resotred, That we cordially invite the DEM
ocrats OF every county in the State, irrespect-
i've OF their peculiar views, TO cooperate with
US in this movement; and with this view we
respectfully and earnestly recommend To the |
State executive committees of both wings
OF the party to issue call Immediately for
an election OF delegates in the various coun-
ties OF the State on the first Monday in June
to attend State, Democratic convention, to
De held at the capitol, in Nashville, on
Thursday, the 18th of June, 1882, for the
purpose OF considering the State debt, re-
uniting the Democratic party, adopting prin-
ciples and policies, nominating a candidate
for governor, appointing State Executive
Committee, and for the transaction of such
other business as may be deemed expedient
by the convention
Resolved, That representing at this meet
ing the reunited Democracy of Shelby
county, We advocate this policy in the inter
est Of the general welfare, and TO the end
th final settlement of the debt NAV be
effected, Democratic unity secured and Dem
ocratic supremacy restored.
Resolued, That basis for the settlement of
the State debt should be fixed by said guber-
Material convention and embodied in its .
platform then adopted, and submitted for |
the consideration OF the people a. an organic {
part OF said platform. {
GENERAL Gordon, !
speaking 10 the resolutions, said II there was !
1ne question before the people that ought TO
BE eliminated from politics it was the State
iebt question. The Supreme Court sd de- 1