Year: 1875

accepted by all nations as the representa-.
tive unit In their systems of currency.
What VIC, need, is. not that gold and silver
shall be the only medium Of exchange,
but that whatever more convenient mate
rial may be adopted for general use, 1t
shall be in the extent OF its circulation,
adjusted harmoniously to the amount Of
bullion which may be pledged for Its re-
demption. To attain to this condition Of
public confidence and to reach this degree
of actual value, is what We understand by
"appreciating the currency of the country
until it reaches a gold standard" Then
every man owning $1,000 in greenbacks
will have degree of wealth sufficient to
purchase numerically the same denomina-
tions in gold, i. e. his currency dollar has
the same purchasing power for all purpo-
ses as his coin dollar. When that time
arrives we shall have 4 circulating mcdi
| um Of standard value in all countries.
4. That ws recognize, the power Ut the
Sta.e to regulate the action Of corporations
~UoCN - 008 Ct08bVOs 000 S00S W0 10VOAU w
interference OF the Legislature to prevent
extoltio sud all unjust discrimination IN
the. carrying trade, and other eollateral
business.


Until recently this question has been
involved in some degree Of doubt-cor.
porations taking issue with those who as
serted the affirmative doctrine, but late
decisions of the Supreme Court have put
all doubts aside, and sustained the power
Of the people. 1t now remains to deter
mine what is the true relation between
the corporations and the producing inter.
ests of the country. The public mind has
for some time been greatly excited in re-
gard to the carrying trade, and the results
been not altogether satisfactory. There
has not been dispassi0nate considera.
tion Of the mutual interests involved, and
hence, neither party has been in q position
to do substantial justice in the premises.
We are happy to note the prevalence of
better feeling, and the existence Of u
mutual purpose t. reach solution of the
difficulty, through the application to both
sides, of well.established business princi.
pies. Minnesota is one of the granaries
Of the world, but her staple product is of
little use beyond furnishing home sup
ply, unless she can put it into the mar.
kets of the world. This she cannot do
without the aid of those great agents of
civilization and settlement-thcr railroads.
To build these IN q new State, without
home resources, and in advance of physi-
cal development is very onerous burden,
and one that taxes capital and brains to
the utmost extent of their capacity to
meet the demand. The railroad compan.
les have built somewhat with reference to
the futurc-auticipatiug, rather than meet
ing the wants of the State, and to meet
the contingency of . sparse population,
and limited demand for their services
they have felt compelled to make rates
which they would not have done under
other circumstances.-theyh have charged
something for putting themselves in read.
mess to serve the public. This is not al.
together unjust. They haye carrying
capacity Of certain degree, and not more
than one fourth of it is employed, and for
that one fourth they must charge much
more in proportion than they would do
were they working up to the full limit of
their capacity. Everyone understands
this, but in many instances the excess Of
charges, on account OF paucity Of business
has been unreasonable and extortionate,
and to the extent to which they have been
so, the people have had 4 right to COM
plain. It now remains to find what is the
exact mean between the producers and
the carriers, and in doing this it will be
necessary to study carefully the entire ex.
port and import business which the State
is transact,ng. The wheat and lumber
are only factors Of the immense bust.
ness done by the railroads. and any
adjustment OF tariffs which is based upon
the transit of wheat and lumber, exclu.
sively, will be erroneous and unjust. The
subject is one of infinite complexity and
the questions which it presents for solu.
ton, involve the performance Of hercu.
lean labor, and the exercise Of that pa
thence, and that spirit Of fairness without
which NO satisfactory results can be At.
tanned. The power to control is ample
let it be the chief concern now, that the
power be so employed as to do justice to
al the various interests involved.


S. Tha, ~ approve The seton Of the
County Central Committee in respect to the
form Of it, eall for the Convention to elect
delegates to the State Convention.


1t will he remembered that in their call
for Convention to choose delegates to
nominate State ticket. the Central Com
mittee asked all to affiliate who accept
the principles and policy Of the Republi-
can party, as the same are set forth in its
published platforms. A small minority
of that Convention passed resolution
censuring the Committee for its liberality.
and promulgating the narrow doctrine
that none but those who had been lifelong
republicans had any right to participate