NEW 1 1 A. MI -si m:i-:. 



510 



any community, by operation of Uw, without making 



-classes correspondingly poor, w demand 



ml legislation, for the benefit of capiUlUt* 



expense of labor, shall bo superseded byjui*t 



lawn, and tlmt capital ttlmll be made to boar iu full 



i defraying the necessary expenses of govern - 



tluTufore, 



Rttolctd, By tno laboring-men of Now Hampshire, 



represented by delegates in this State Convention, 



now become an organization to bo known as 



tin- " Labor-Reform party of New Hampshire," for 



tiif pp'U'i'tioa and advancement of tho interests of 



laboring-men, and not for the purpose of aiding in 



utiv manner tno interests of any other political puny 



,-s of men in this State or nation. 



Eetolved, That we invite and welcome to our organ- 

 ization, the mechanic, the farmer, and laboring-men 

 of all parties, and others, regardless of post political 

 associations, who sympathize with us, and will sup- 

 port our candidates at the polls. 



Retolvtd, That we make no war upon capital. We 

 seek not to despoil the rich of their wealth. \Ve only 

 ask what belongs to us tho same protection for labor 

 that capital enjoys, which will make no one poorer, 

 but, on the contrary, add to the wealth and prosperity 

 of our country, by placing within the reach of all a 

 home, a fireside, and an altar to defend, cherish, and 

 to worship. 



Retolvtd, That, denouncing the repudiation of our 

 national indebtedness as the '' sum of all villanies " 

 yet we demand that the burden of taxation shall be 

 equalized, and its payment shall not be made in a 

 manner that shall cause the " rich to grow richer, and 

 the poor, poorer." 



Jutolved, That we are opposed to donating any 

 more of our public lands to railroad monopolies and 

 land speculators. 



Besolved, That our national banks are moneyed 

 monopolies skilfully contrived to enhance the wealth 

 of the few at the expense of the many. 



Retolved, That our United States notes, known as 

 " greenbacks," are the best paper currency we ever 

 had. ; and we demand their substitution for the na- 

 tional-bank notes. 



Reolc<ni, That we demand that the duties on all 

 articles that wo can neither grow nor produce in this 

 countrv, such as tea, coffee, and other articles of 

 general use, shall be taken off, and the taxes be drawn 

 irom the income of the accumulated capital of the 

 country. 



Resolced, That we denounce as unjust the law 

 passed by the last Legislature of New Hampshire, 

 which prohibits the poorer classes depositing in the 

 savings-banks from receiving over five per cent, an- 

 nually, while the capitalists and bankers are obtaining 

 from eight to twelve percent, per annum ; thus dis- 

 criminating in favor of the rich ; and we demand the 

 repeal of said law by the coming Legislature. 



Resolved^ That we favor the enactment of a law in 

 this State prohibiting all incorporated and other 

 manufacturing establishments from employing fe- 

 males and minors more than ten hours per day. 



Jfaolved, That, in view of the services, sacrifices, 

 and patriotic devotion of tho soldiers who fought for 

 our national unity, and suppressed the late great re- 

 bollionj wo pledge ourselves to do all in our power 

 to manifest our appreciation of their sacrifices and 

 patriotic devotion in defence of our free institutions. 



.The whole number of votes cast in the State 

 at the general election of March 8, 1870, was 

 67,888; necessary for a choice, 83,920. Stearns 

 received 34,424; Bedel 24,992; Flint, 7,868; 

 and Barrows 962. Stearns's majority over all 

 was 1,010. 



The vacant seats in the Senate, for which 

 no candidate had received a majority, were 

 tilled by the Legislature. 



Tho financial condition of the State is " sound 



and prosperous." Tho aggregate amount of her 

 receipts daring the year, including $75,084.18 

 cash on hand at the end of Hay, 1869, was 

 $1,128,028.19; of her payments, $1,086,860.28 ; 

 thug leaving a surplus of $86,677.96 in the 

 Treasury. Within the same period of time the 

 revenue of the State was $728,400.19, the ex- 

 penditure $869,945.62; the former exceeding 

 tho latter by $358,454.57. In his last annual 

 report, the Treasurer anticipated that "the 

 revenue would probably be increased during 

 the next year, while the expenses would be 

 still further reduced." Almost all of the 

 excess of revenue over expenses, namely, 

 $357,587.35, was employed in extinguishing as 

 much of the principal of State debt. The lia- 

 bilities, which on June 1, 1869, amounted to 

 $3,136,879.83. at the same date m 1870 were, 

 accordingly, $2,817,869.27. All of them bear 

 six per cent, currency interest. The floating 

 debt consisted entirely of State notes, the last 

 of which became due on or before October 1, 

 1870. The funded debt is wholly composed of 

 outstanding bonds, maturing at various dates 

 in succeeding years, the remotest being Sep- 

 tember 1, 1889. 



In consideration of the fact that the State 

 pays six per cent, interest on her debt, while 

 many towns and counties are severally pay- 

 ing a higher rate of interest, the Governor 

 recommends a reduction of the State tax for 

 1870 to the amount of $200,000, in order that 

 towns and counties may impose on the people 

 of their respective communities a proportion- 

 ably higher tax, and thus be enabled to ex- 

 tinguish their local debts, without yet adding 

 to the burden of taxes now weighing on their 

 people. 



Among the items of last year's revenue set 

 down in the Treasurer's report is $6,193.44, 

 collected on claims agninst the United States. 

 With the receipt of this sum, the accounts of 

 the State with the Federal Government for 

 such claims have been finally closed. She re- 

 covered on them above a million dollars: 

 all claims, in fact, which she has presented, 

 have been allowed, except only a compara- 

 tively small amount, which was not allowed, it 

 seems, on reasonable grounds. The account 

 now stands as follows : 



Claims presented $1,407,507 45 



Claims for bounty withdrawn. . $374,980 00 



Allowed 1,006,307 45 



$1,881,487 45 



Disallowed $26,02000 



Arms and other military stores not needed 

 by the State were turned over to the United 

 States, to the amount of $74,862, which wns 

 accordingly credited to her; $46,870 mote 

 were also credited for stores which had been 

 turned over to the United States in 1864, 1865, 

 and 1866, but not previously credited. The 

 State indebtedness to the Federal Government 

 on that account was hence reduced from $142,- 

 241.18, to $20,009.18. 



In this connection it may be mentioned that 



