Democratic Sentinel, Volume 1, Number 35, Rensselaer, Jasper County, 12 October 1877 — NATIONAL FINANCES. [ARTICLE]

NATIONAL FINANCES.

The National Banks. —The following is a statement of the operations of the national bank redemption agency for the month of September, compared with the ’corresponding period last year: NatioDal-bankJnotes disposed of during the month, notes fit for circulation assorted and returned to banks of issue. .$11,925,400 Notes unfit for circulation assorted and delivered to Comptroller of Currency for destruction and replacement with new notes 2,950,800 Notes of failed, liquidating and reducing banks deposited in treasury, i 811,500 Total for September, 1877. .$15,087,700 Total for September, 1876 18,455,500 Decrease 2 >767,800 Coinage of the Mints.— The coinage at the mints of the United States for the month of September was as follows : Double eag1e5....54,492,200 Tra< e dollars 1,677,000 Half dollars 408,400 Quarter dollars, 349,600 Dimes. 129,000 ,$7,056,200 statement for Oct. 1, herewith appended, shows a reduction of the national indebtedness for September of $3,882,524 ; Six per cent bonds $799,293,600 Five per cent bonds . Il our and half per cent, bonds. 200,000 000 Four per cent, bonds 10,000*000 Total coin bonds . $1,71^580,550

Lawfu! money debts U. 000,000 Matured debt.,. jy 334 320 :7.::;::;; Total without interests 156,873,796 ToS mteest Ts 2, T0t0 J27,128,816 KMte.'iitiflireaaury—coin. Cash in treasury—currency Currency held for wemption of frac- ’ ’ ‘ tional currency 8 835 468 Special deposits held for redemption ’ ’ of certificates,pf deposit,--, 43,110,000 aE 1 185,303,928 Less estimated amount' due itrtlitary establishments, for which no appropriations have been made 7.000,000 Total ■s Debt less cash in treasury.s“£osl 587 524’ .tessase?Bonds issued to Pacific Railroad Com- ’ ’ panies, interest payable in lawful money; principal outstanding 64 628 512 Interest accrued and not yet paid 969 352 Interest paid by United States 85 957'629 Interwst repaid by transportation of ’ ’ by the unitea 8 ’ 76 °’ 682 - 27,206,977 POLITICAL POINTS. tinn^t X neßota oonven!tv !i ™ &nd F>t "P «>e foltowing ticket: William L. Banning, who was before nominated by the Labor Conventions; Lieutenant Governor Dr A. A. Ames; Attorney Genetti, John R Jones; Secretary of State, P. T.’ LindholmTreasurer, John F. Meagher ; Con>

crimes by which the inauguration of Tilden waß. prevfintedpL.’ JffjCTfTOK DyAJ**? o " found it necessary to adopt a Democratic policy of local self-government, and abandon the device for perpefaiaßng the sectional divisions; accusing the Republican party of acting hr to publfc debt wabte in coin, in d. monettemg Sker, in passing the Resumption act, in collecting enormous unnecessary revenues since 1865, and in protective and prohibitive tariff legislation; declaring gold and silver the only constitutional legal tender; that resumption should come as soon as the business interests' of the country will permit; and demanding tbo-restoration of the silver dollar of the proposition to give women the right of suffrage. The Democrats of New York, in convention at Albany last week, nominated Allen O. Beach for Secretary of State, F. P. Olcott for Comptroller, James Madlin for Treasurer, Augustus Schoonmaker for Attorney General, Horatio Seymour, Jr., for State Engineer, and adopted the following platform: The people having, in the last Presidential contest, elected by an overwhelming popular and clear electoral majority the Democratic candidates for President aud Vice President, and the will es the nation thus constitutionally declared having been wickedly and boldly nullified by means of the grossest usurpations and frauds of Returning Boards, protected and adopted, if not instigated, by the party in possemion of the Government, and rendered practicable by a threatening array of military force; Resolved, That at the first convention of Democrats of this State held since the consummation of this great crime it is not only just and fit, but it is the plain duty, in the interest of constitutional government and in vindication and preservation of the sacred right of the majority to choose their rulers, to denounce with the warmest indignation this stupendous wrong, and we do hereby denounce, condemn, and hold it up to universal execration. Second —That this duty of setting the mark of infamy upon this transaction, and preventing any quick forgetfulness or easy condonation of it from raising a tempting precedent for future outrages, rests especially and peculiarly upon the Democratic party of this State, one of whose most illustrious leaders was the President actually chosen by the nation. Third— That the late House of Representatives deserve the thanks of all patriots and lovers of liberty for their just refusal in the exercise of the most ancient and valuable privilege belonging to representatives of the people in all constitutional governments to appropriate money for the support of soldiers to be used in illegal and despotic oppression of citizens in any portion of the republic. Fourth— That the present national administration, by its withdrawal of troops from the South, and its cessation from mischievous, unconstitutional, and oppressive interference with the internal affairs of the States, has in that respect reversed the vicious •precedents of the Republican party, followed the course marked out by the Federal constitution, and to which the Democrate stand pledged, and it is therefore entitled in that particular to the approval of all good citizens. Fifth— The Democratic party of New York reaffirm the following principles set forth in their platform adopted in 1874, now thrice by and silver the only legal tender; no currency inconvertible with coin ; steady steps toward specie payments; no step backward ; honest payment of the public debt in coin ; sacred preservation of the public faith ; revenue reform ; a tariff for revenue only; no Government partnership with protected monopolies; home rule; to limit and localize most jealously the powers intrusted to public servants, municipal, State and Federal; no centralization; equal and exact justice to all men ; no partial tegistion. ‘ Sixth — That we are opposed to the granting of subsidies by the Government to corporations or individuals for the construction of railroads or other internal improvements as unnecessary, boyond the scope of Federal power, and inevitably producing corruption. Seventh —That we congratulate the whole people of tills State that, notwithstanding the suffering to which the laboring classes have been for years subjected, in spite of their failure to obtain remunerative employment, and the bitter privations which have been imposed on them thereby, they have endured these calamities for the most part with patience, without disorder or violation of the public peace, and we declare that it is through the benefleefit operation of equal and just laws, favoring no class at the expense of another, a stern refusal on the part of legislative bodies to yield to the schemes of grasping monopolies, and the decrease of public expenditures and taxation to the lowest practicable point, that the laboring classes of the country (with whom the Democratic party has always styongfy and intelligently sympathized) arc mainly to find effectual and permanent relief. Eighth— That we favor a uniform Mid equitable excise law. Ninth— That we demand more complete protection for the savings of the industrial classes by stricter supervision and control'Of savings banks.