The San Francisco Call. Newspaper, September 10, 1896, Page 2

[} THE SAN FRANCISCO CALL, THURSDAY, SEPTEMBER 10, 1896. HON. GARRET A. HOBART, Republican Nominee for Vice-President. PP E Sy oy gations in the best form of money recognized by the commercial world. The free coinage ot silver at the ratio of 16 to 1is & policy which no nation has ever be- fore proposed, and it is to-day not permitted in any mint in the world, not_even in Mexico, It is purposed to make the coinage unlimited at an absolutely fictitious ratio fixed with no relation to intrinsic value or pledge to uiti- mate redemption. With silver at iis present price of less than 70 cents per ounce in the market such & policy means an immediate profit to the seller of silyer for which' there is no reurn, now or hereafter, to the people of our Government. It means that for each dol- lar’s worth_of silver bullion delivered at the mint practically $2 of stamped coin will be given in exchange. For $100 worth of bullion nearly 200 silver dollars will be delivered. Let it also be Temembered that the conse- quences of such an act would probably be cumulative in their effects. The crop of sil- ver, unlike that of hay or wheat or corn— which, being of yearly production, can Le regulated by the law of supply ang demand— is fixed once for all. The silver, which has not jei been gathered, is all i the ground. rought or other accident of the elements can- notaugment or diminish it. It is not more than probable that with the enormous pre- mium offered for its mining the cupidity of men would make an over-supply continuous, with the necessary result of a steady deprecia- tion as long as the silver dollar could be kept in circulation at all. Under the laws of finance, which are as fixed as those of any other science, the inevitable result would finally be & currency all and absolutely fiat. There is no difference in principle between a doller half fiat and one all fiat. The latter, as the cheapest, under the logic of “cheap money,” would surely drive the other out. Any attempt on the part ot the Government to create by its fiat money a fictitious yalue would dishonor us in the eyes of other people and would bring infinite reproach upon the National charecrer. The business and finan- cial consequences of such an immoral act would be world wide, because our commercial relations are world wide. It is & known fact that more than 80 per cent of the commerce of the world is settied in gold or on & gold basis. Such free-coinege legislition, if ever consum- mated, would discriminate against every pro- ducer 'of wheat, cotion, corn or rye—who should, in justice, be equally entitied with the silver-owner to seil his products to the United States tressury ata profit fixed by the Govern- ment—and sgainst ail producers of iron, steel, zinc or copper, who might properly claim to have their meials made into current coin. 1t would as well be a fraud upon all persons forced toaccept acurrency that stimulated and at the same time degraded. In every aspect the proposed policy is par- tial and ‘one sided, because it isonly when a profit can be made by & mine owner or dealer ihat he takes his silver to the mint for coin- age. The Goyernment is always ac the losing end. Stamp such fictitious value upon silver ore,and a dishonest and unjust discrimina. tion will be made against every other form of industry. When silver bullion worth a little more than 50 cents is made into & legal-tender dollar, driving out one having & purchasing and debt-paying power of 100 cents, it will be clearly done at the expense and injury of every class of the community. Those who contend for the free and unlim- ited coinage of silver may believe in all hon- esty that, while the present ratio of silver to gold is as 30 to 1 (not 16 to 1), silver will rise above the existing market value. If it does so rise the effect will be to make the loss to all the people so much less, but such an opinion is but a hazardous conjeciure at best, and is not justified by experience. Within the last twenty years this Govern- ment has bought about 460,000,000 ounces of siiver, from which it hascoined spproximately 430,000,000 of silver doliarsand issued 130,- 000,000 of dollars in silver certificates, and the price of the metal has steadily deciined from $1 15 per ounce to 68 cents per ounce. What will be the decline when the supply is augmented by the offerings of all the world? The loss upon these silver purchases to the ETEE"’ of, this country has now been nesrly The dollar of our fathers, about which so much is said, was an honest dollar, silver mliuu{niuH full parity of intrinsic value with gold. The fathers would have spurned and ridiculed a proposition to make a silver dollar worth only 53 cents stand on equal value witn & gold one worth 100 cents. The experience of all nations goes 1o prove that any depreciation, however shight, of an- other standard from the parity with gold, has driven the more valuable one out of circula- tion, and such experience in a matter of this kind is worth much more than mere interest- ed speculative opinion. The fact that few gold coins are seen in ordinary cireulation for domestic uses is no proof at all that the metal is not performing & most important funetion in business affairs. The foundation of the house is not always in sight, buts the house would not stand an hour if there were no foun- dation. There is now on deposit in the savings banks of thirty-three States and Territqries of this Union the vast sum of $2,000,000,000. These are the savings of almost 5,000,000 devositors, In many cases they represent the labor and economy of years. Any depreciation in the value of the dollar would defraud every man, woman ana child to Wwhom these savings belong. Every dollar of their earnings, when deposited, was worth 100 cents in gold of the present standard of weight and fineness. Are they not entitled to receive in full, with interest, all they have so depos- ited? Any legislation that would reduce it by the vaiue of a single dime Would be an_intol- erable wroug to each depositor. Every bank or banker who has accepted the earnings of these miilions of dollars to the credit ot our citizens must be required to pay them back in money not one whit less valuable than that which these banks and bankers received in trust. There are in this country nearly 6000 build- ing aud loan associations, with shareholders to the number of 1,800,000, and with assets amounting to more than $500,000,000. Their average holaings is nearly %300 per capits, and in many cases they represent the savings of men and women who have denied them- selves the comforts of life in the hope of being 2ble to accumulate enough to buy or build homes of their own. They have aided in the erection of over & million of houses, which are now affording comfort and shelter for 5,000, of our people. Free coinage at the arbitrary rate of 16 ounces of silver to one of gold would be equi- valent to the confiscation of nearly half the savings that these people have invested. It ‘Wwould be tantamount to & War upon American homemakers; it would be an invasion of *“the homes of the provident,” and tend directly to destroy the stimulus to endeavor and the com- pensation of honest toil. Every one ot the shareholders of these associations is entitled 10 be repaid in money of the same value which he de]imued by weekly payments, or other- wise, in thece companies. No one of them should be made homeiess because a political party demands a change in the money stand- urd of our country, as an experiment or as & concession to selfishness or greed. The magnitude of the disaster which would overtake these and cognate interests becomes the more strikingly apparent when considered in the aggregate. Stated broadly, the savings banks, lile insurance and sssessment eompa- niés and building and loan associations of the country hold in trust $15,309,717,381L. The ‘m’“e“""&"é :h; m&rfucy u; n;llver basis, as proposed by the Chicago platform, woul wipe out at one blow lpproxrmluely $7.963,- 504,826 of this aggregate. According to the report of the Department of Agriculture the total value of the main cereal crops in this country in 1894 was $995,438,107; 50 that the total sum belonging to the geople ‘and held in trust in these institutions whicn would be ob- literated by the triumph of free and unlimited silver colnage would be seven and & half times the total value of the aunual cereal crop of the United States. The total value of the man. ufactured products of the country for the cen- sus year of 1890 was $9,372,537,283. The es- tablishment of a silver basis of value as now proposed would entail a loss to these three in- terests alone equal 1o 85 per cent of this enor- mous output of all the manufacturing indus- tries of the Union and would affect directly nearly one-third of its whole population. One hundred and forty million of dollars per annum is due to pensioners of the late war. 1hat sum represents blood spilied and sutferings endured in order to preserve this Nation irom disintegration. In many cases the sums 80 paid in pensions are exceedingly small; in few, if any, are they excessive. The irit that would deplete these to the extent a farthing is the same that wounld organize sedition, destroy the peace and security of the country, punish rather than reward our vet- eran soldiers, and is unworthy of the counte- nance by thougnt or vote of any patriotic citi- zen of whatever political faith. "No party until that which met in convention at, Chicago has ever ventured to insult the honored survivors of our struggle for the National life by propos- ing to scale their pensions horizontally and to pay them hereafier in*depreciated doliars worth only 53 cents. The amounts due, in addition to tke inter- ests already named, to depositors in trust com- glnlll in National, State and private banks, to olders of fire and accident insurance poli- cies; to holders of industrial insurance where the money deposited or the premiums bave | been paid in gold or fts equivalent are so | enormous, together with the sums due and to | become due for State, municial and for other corporate debts, that if paid in depreciated silver or its equivalent it would not only en- tail upon our fellow countrymen & loss in money which has not been equaled in a simi- lar experience since the world began, but it would at the same time bring a disgrace to our country such as has never been equaled by any other nation which had the ability to its honest debts. In our condition, and considering our magnificent capacity for rais- ing revenue, such wholesale repudiation is without necessity or excuse. No political ex- pediency or party exigency, however pressing, could justify so monsirous an act. All these deposits and debts must, under the platiorm of the Republican party, be met and adjusted in the best currency the world knows and measured by the same standard in which the debts have been contracted or the deposits or payments have been made. Stiil dealing sparingly with figures, of which there is aD enormous mass 10 sustain the posi- tion of the advocates of the gold standard of value, I cite one more case which is officially established, prefacea by the t1uism that there is no better test of the growth of a country’s rosperity than its increase in theger capita oldings of its population. In the decade be- tween 1880 and 1890, during which we had our existing gold standard and were under the conditions that supervened from the act of 1873, the per capita ownings of this country increased from $870 to $1036. In those ten years the aggregate increase of the wealth of our country was $21,395,000,000, being 50 per cent in excess of the increase for any previous ten years since 1850, and at the amazing rate of_over $2,000,000,000 & year. The framers of the Chicago platform, in the face of this fact and of the enormous increase over Great Britain during the same goid- standard decade of our country’s foreign trade and its production of ironm, coal and other great symbols of National strengih and Pprogress, essert that our monetary standard 1s ‘not only un-American, but anti-American,” and that it has bmn;hi us “into financial servitude to London.”” It is impossible to imagine an assertion more reckless and in- defensible. The proposition for free and unlimited silver coinage carried to its logical conclusion %And but one is possivle) means, as betore inti- mated, legislative warrant for the repudiation of all existing indebtedness, public and pri- vate, to the extent of nearly 50 per Cent of the face of all such indebtedness. It demands an unlimited volume of flat currency, irredeema- ble, and therefore without any standard value in the markets of the world. Every considera- tion of public interest and %nblic honor de- mands that this proposition should be rejected by the American people. country cannot afford to give its sanc- tion to wholesale spoliation. It must hold fast to its integrity. It must still encours; thrift in all proper ways. It must notonly educate its childzren to Lonor and respect ghe flag, but it should inculecate fidelity to the ligations of persomal and National honor as well. Both these great principles should here- after be taught in the common schools of the nd and the lesson impressed upon those Who are the voters ot to-day, and those who are to become the inheritors of sovereign power in this Republic, that it is neither wise, patriotic nor safe to make political platforms the me- diums of assault upon property, the peace of society and upon civilization itself. Until these lessons have been learned by our children and by those who have reached the voting age, it can only be surmised what enlightened siatesmen and political econo- mists will record as to the action of a party convention which offers an inducement to National dishonesty by a premium of 47 cents for every 53 cents’ worth of silver thatcan be exiracted from the bowels of the whole earth, ‘with a cordial invitation to all to produce it at our mints and accept for it & full silver legal tender dollar of 100 cents, rated vaiue, to be coined free of charge and unlimited in quan- tity for private account. ut vastly more than a mere assertion of a purpose to reconstruct the Nationsl currency 1s suggested by the Chicago platiorm. It as- sumes, in fact, the form of a revolutionary propaganda. It embodies & menace of Na- tional disintegration and destruction. This spirit manifested itself in a deliberate propo- sition to u‘gnahw the plighted public faith, to impair the sanctity of the wfinn o!&fl- ‘vate contracts, to cfl&ple the it of the Na- e Government of the tion by strippin - ) pping power to money, as the s cles of the treasury ma n}u and word to ove: w all the foundations of o el or ; ot con! a n 10 thus debsuch emmmnummnl all conditions of trade and commerce, the Darty respousible for this ‘xolmul platform denies the competency of the Government to Pprotect the lives and property of its citizens against internal disorder and violence. It assails the judicial monuments Teated by the constitution for the defense of individua rights and public welfare, and it even threat- ens to destroy the integrity and independence of the Sup:eme Court, which has been consid- ered the last refuge of the citizen against every form of outrage and injustice. In the face of serious peril, which these propositions embody, it wauid seem that there could be but one sentiment among right-thinking cltizens 85 to the duty of the hour. All men of what- ever party who believe in law and have some regard for the sacredness of individual and institutional rights must unite in defense of the endangered interests of the Nation. Yhile ihe financial issue, which has been thus considered and which has Come as the Tesult of the agitation of recent years to occupy a peculiar conspicuousness, is ad- miuu{ly of primary importance, there is another question which must command equal and serious attention. Our financial and business condition is at this moment one of almost unprecedented depression. Our great industrial sysiem is seriously paralyzed. Pro- duction in many important ches of man- ufucture has altogether ceased. Capital is without remunerative employment. Labor is idle. The revenues of the Governmentare in- sufficient to meet its ordinary and necessar: expenses. These conditions are not the result of accident; they are the outcome of the American economic policy, deliberately en- acied and applied. 1t would uot be difficult snd would not in- volve any violent disturbance of our existin, commercial system 10 enact necessary tar: modifications along the lines of experience, For the first two fiscal years of the so-called McKinley tariff the receipts from customs were §380,807,980. At this writing, the Wilson tariff act has been in force for nearly two full fiscal years; but the total receipis, actual and esti- mated, cannot exceed $312,441,947. A stead deficit, constantly depleting the resources o! the Government, and trenching even upon its g0ld reserve, has brought about public dis- irust and business disaster. It has, too, neces- sitated the sale of $262,000,000 of bonds, thuebx ircreasing to that extent the National debt. Itwill be remembered that in no year of miore than a quarter of & century of con- nuous Republican administration succeed- ing the Civil War, when our industries were disintegrated and all the interests of business were more or less disturbed, was the Nationsal aebt increased by asingle dollar. It was,on the contrary, steadily and rapidly diminished. In such a condition of affairs as this it is idle o argue against the necessity of some sort of a change in our fiscel laws. ‘he Democratic party declares for a remedy by direct taxation upon a selected class of citizens. It opposes any application to the protective principle. Our party holds that by a wise adjustment of the tariff, conceived in moderation and with = view to stapility, we may secure all needed revenue, and it declares that in the event of its restoration to power it will seek o accomplish that resuit. It holds, too, that it is the duty of the Government to protect and encourage in all practical ways the de velopment of domestic industries, the eleva- tion of home labor aud the_ enlargement of the prosperity of the people. It does not favor any form of legislation which would lodge in the Government the power to do what the peo- ple ought to do for themselves, but it believes that it is both wise end patriotie to discrimi- nate in favor of our own material resources, and the utilization, under the best attainable conditions, of our own capital and our own available skill and indusiry. The words of the Republican National plaiform on this sub- ject are at once temperate and emphatic. It says of the policy of protection: In its reasonable application it s just, fair ana impartial, equally opposed to foreign contiol ana domestic ‘monopoly, 1o sectional discrimination and {ndividual favoritism. We demand such an equitable tariff on foreign imports which come in.0 competition with American products as wiil oL only furnish adequate revenue for the neces- sary expenses of the Gaveroment, but will protect Aumerican labor from degradation 1o the wage level of other lands. We are not pleged 0 any particu- lar schedules. The question of rates is & practical guestion Lo be goveried by the conditions of time and production. The ruling and uncompromising principle is the - proection and_development of American labor and Indusiry. The country de- mands & right settlement and then it wants rest. The Republican party, in its first_successtul National contest under Abraham Linco!n, de- | clared in favor *'of that policy of National ex- changes which secures to the workingmen liy- ing wages, to agriculture remunerative prices, to mecnanics and menufacturers an adequate reward for their skill, labor and enterprise, and to the Nation commercial prosperity and independence.” The principle thus enunciated has never been abandoned. In the crisis now upon us it must be tenaciously adhered to. In 1892, when by universal consent we touched the high-water mark of our National prosperity, we were under the same financial system that we have to-dey. Gold was then -dhe sole standard and silver and paper were freely used as the cemmon currency. We had & tariffi framed by Republican hands un- der the direction of the great states- man who now logically leads the con- test for a restoration of the policy whose reversal nmudgm parslysis to so many of our industries and_disiress upon so ‘“§ a body of our people. We were under the policy of réciprocity, formulated by another illustri- ous statesman of the genuine American type. We may, if we choose todo %o, return to the prosperous conditions which existed before the Ppresent administration came into power. My sincere conviction is that my country- men will prove wise enough to understand the issues that confront them, and patriotic enough to apply safe and sure remedies for the evils that oppress us. They will not, I am sure, accept again_ at their face value the promises of a party which, under desperate and per. verted Jeadership, hasso recently dishonored its solemn pledges; which has repudiated the grinci les and policies which have given it a historic past and the success of which, ax now constituted, would endangerat home pri- vate security and the public safety and disastrously affect abroad both our eredit and good name. And foremost among those who will decline to follow where the new Dem- ocracy leads will be thousands of men, Dem- ocrats aforetime and Democrats to-day, who count country more than party and are un- willing, even by indirection, to contribute to results so disasirous to our most sacred inter- ests. The platform of the Republican National Convention states the party position concern- ing other questions than those herein referred These, while at the present time of subordinate importance, should not be over- looked. The Republican party has always been the defender of the rights of American citizenship as sgainst all aggressions what- ever, whether at home or abroad. It has, to the extent of its power, defended those rights and Ledged them about with law. Regarding the ballot as the expression and embodiment of the sovereignty of the indi- vidual citizen, it has sought to safeguard it against assault and to preserve its purity and integrity. In our foreign relations it has 1abored to secure to every men entitled to the shelter of our flag the fullest exercise of his rightsconsistent with international obligation. Ifit should be restored to rulership it would in- fuse needed vigor into our relations witn powers which have manifested contempt ana disregard not only of American citizenship but of humanity 1tself. Tne Republican party has always stood for the protection of the American home. It has aimed to secure it in the enjoyment of all the blessings of remunerated “industry, of moral cultpre and of favorable physical environ- ment. It was the party which instituted the poliey of free homesteads and which nolds now that this policy should be re-established and that the public lands now vacant and sub- ject to entry’ in any part of our National ter- ritory should pe preserved againstcorporate aggression as homes for the people. It realizes that the safety of the State lies in the multi- plication of households and the strengthening Of that sentiment of which the virtuous home is the best and the truest embodiment, and it will aim to d(fnlly and enlarge by all proper legislation this element of security. { elected to the position for which I have been nominated it will be my earnest and constant endeavor, under divine guidance, in the sphere of duty assigned to me to serve the people loyally along the lines of the principles and policies of the party which has honored me with its preference. - I am, gentiemen of the committee, very truly yours, GARRET A. HOBART, APPEA), TO RAILROAD MEN. Debs Calls on All Wage- Earners to Pote for Bryan. TERRE HAUTE, Ixp., Sept. 8.—The directors of the American Railway Union to-night 1ssued an address to all members of the A. R. U. and to all railway em- ployes in the United States aenouncing the alleged coercion of railway employes to join McKinley sound-money elubs, and calling on all wage-earners to vote for Bryan. The address is signed by Eugene V. Debs, James Hogan, Sylvester Keliher, William E. Burns, R. M. Goodwin and M. J. Elliott, s General Black Declines. CHICAGO, IrL., Sept. 6.—General Jobn C. Black has written a letter formally de- clining the nomination of the Democratic party of Illinois for Governor. It 1s un- derstood that the declination is Eflflu“ and that the executive committee has de- cided to replace Black with ex-Congress- man Forman, the present nominee for At- torney-General on the same ticket. NEW and beautiful tints in tissue paper and sllk shqdes aze Jore. Ssuborn, Vail & Co. * BRYAN IGNORES THE TARIFF ISSUE Briefly Mentioned in the Nominee's Letter of Acceptance. EVADES THE QUESTION. Declares the One Important Problem Is That of Finance. ALL OTHERS THRUST ASIDE. Postponing Action Upen Taxation, Hs Declares, Involves' No 5 Sacrifice. LINCOLN, Nesr., Sept.9.—Mr. Bryan to-day made public his letter accepting the Democratic nomination. < Its full text follows: Hon. Stephen M. While and others, Members of . the Notification Committee of the Democratic National Convention—GENTLEMEN: I accept the nomination tendered by you on behalf of the Democretic party, and in so doing desire to assure you that I fully appreciate the high honor which such a nomination confers, and the grave responsibilities which accompany an election to the Presidency of the United States. 80 deeply am I impressed with the magnitude of the power vested by the constitution in the Chief Executive of the Nation, and with the enormous influence whicnh he can wield for the benefit or injury of the people, thatI wisn to enter the office, if elected, free from every personal desire except the desire to prove worthy of the confidence of my countr: Human judgment is fallible enough when un- biased by selfish considerations, and in order that I may not be tempted 1o use the patronage of the office to advance any personal ambition, I hereby announce, with all the emphasis which words can express, my fixed determina- tion not under any circumstances to be a candidate for re-eleetion in case this campaign results in my election. I have carefuliy considered the platform adopted by the Democratic Nationa! Conven- tion and unqualitiedly indorse each plank thereof. Our institutions restupon the propo- sition that all men, being created equal, are entitled to equei consideration at the hands of the Government. Because all men are created equal it follows that no citizen hasa natural right to injure any other citizen. The main purpose of government being to protect all citizens in the enjoyment of life, liberty and the pursuit of happiness this purpose must lead the Government first to avoid acts of affirmative injustice and, second, to restrain each citizen from trespassing upon the rights of any other citizen. A democratic form of government is con- ducive to the highest civilization, because it opens before each individual the greatest opportunities for development and stimulates 1o the highest endeavor by insuring to each the full enjoyment of all the rewards of toil, except such contribution as is necessary to support the Government which protects bi Democracy is indifferent to pedigree; it deals with the indigidual rather than with his ancestors. Derhocracy ignores differences in wealth; neither riches uor poverty can be in- voked in behalf ot or against any citizen. Democracy knows uo creed, Tecognizing the right of each individual to worship God according tothe dictates of hisown conscience; it welcomes all to & common brotherhood and guarantees equal treatn »- - 20 all, no matter in what church or through ;.ct forms they com- mune with thelr Creator. Haying discussed portions of the platform at the time of its adoption, and again when your letter of notitication was tormally delivered, 1t will not be necessary at this time to touch upon all the subjects embraced in the party’s declaration. Honest differences of opinions have ever existed and will ever exist as to the most effective means of securing domestic tranquil- ity, but no citizen fails to recognize at all times and under all circumstances the absolute necessity for the prompt and vigorous enforce- ment of 1aw and the preservation of the public peace. In a Government iike ors, law is but the crystallization of the wiil of the people. Without it, the citizen is neither secure in the enjoyment of life and liberty nor protected in the pursuit of happiness. \Without obedience to law, government is impossible. The Democratic party is pledged to de‘end the constitution aud enforce the laws of the United States, and it is also pledged to respect and preserve the dual scheme of government instituted by the foundersof the Republic. The name United States was happily cnosen. It combines the idea of Nat.onal strength with the ides of local self-governmeut, and suggests “An - indissoluble union of indestructible Btates.” Our revolutionary fathers, fearin the tendencies toward ceitralization as wel as the dangers of disintegration, guarded against both, and National safety as weil as domestic securily is to be found in the careful observance of the limitations which they im- gond. It will be noticed that while the United tates guarantees o every State a republican form of government, and is empowered to pro- tect each State against invasion, it is not authorized to interfere in the domestic affairs of any S'n? except upon application of the Legislature 0f the State, or upon the applica- tion of the executive when the Legislature cannot be convened. This provision rests upon the sound theory that the people of the State, acting through their legllly chosen representatives, are, be- cause of their more intimate acquaintance with local conditions, better qualified than the President to judge of the necessity for Federal assistance. Those who framed our constitution wisely determined to make as broad an application of the principles of local self-government as circumstances would per- mit, and we cannot dispute the correctness of the position taken by them without express- ing & distrust of the people themselyes. Economy. Bince governments exist for the protection of the rights of the people and not for their spoliation no expenditure of public money can be justified unless that expenditure is necessary for the honest, economicel and efficient administration of the Government. In determining what appropriations a necessary, the interest of those who pay the taxes should be consulted rather than the wishes of those who receive or disburse public monejys. Bond Issues. An increase in the bonded debt of the United States at this time is entirely without excuse. The issues of interest-bearing bonds within the last iew years bave been defended on the ground that they were necessary to secure gold with which to redeem United States notes and treasury notes, but this necessity has been imaginary rather than real. ! of exer- cising the legal right vested in the United States to redeem its coin in either gold or sil- ver the executive branch of the Government has followed & precedent established by a former administration and surrendered the ostlon to the holders of the obligations. This administrative policy leaves the Government at the mercy of those whofind a cunx:{ profitin bond issues. The factthat the deai- ers in money and securities have been able to deplete or protect the treasury, according to their changing whims, shows how dangerous it1s to permit them to exercise a controlling influence over the Treasury Department. The Government of the United States, when administered 1n the interest of all the people, isable to establizh and enforce its financis licy not only without the aid of syndicates, B:; in spite of any opposition which the di- cates may present. To assert that the Govern- ment is dependent upon the good will or assistance of any portion of the people other than a constitutional majority is to assert that we have a Government in form, but without vital force. National Bank Currency. The position taken by the platform against the lu?:?nl p-&ermon’ayb § itional banks is supported by the highest ocratie auth ity, as well as demanded by the interests of the le. The present attempt of the National fi%‘l. to force the retirement of the United States notes and notes in order to secure a basis for issue of their own notes, illustrates m“r ‘which arises from permitting thém to issue their paperas & cir- dinm. ::'xl‘:%:?ug:nurmm.x rdux‘-:blcniln money, has never 0 tter than the United States notes, which stands behind if, { raflrouds. Such a policy is necessary for the and yet the banks persistently demand that these United Btates notes which draw no in- ferest shall give place to interest-bearing bonds, in oraer that the banks may collect the interest which the ple now save. To em- power National banks to issue circulating Potes s to grant a valuable privilege to & favorea class, surrender to ervme corpora- tions the control over the volume of paper money and buiid up s class which will ¢laim 8 vested interest in the Nation’s financial goucyA Our United States notes, commonly nown as greenbacks, being redecmable in either gold or silver at the option of the Government and not at the option of the holder, are safer and cheaper for the people toan National banknotes besed upon inteiest- bearing bonds. The Monroe Doctrine. A dignified but firm maintenance of the for- eign policy first set forth by President Monros and reiterated by the Presidents who have suc- ceeded him, instead of arousing hostility adroad, is the best guarantee of amicable rela- tions witn other nations. It is better for all concerned that the United States shoula resist any extension ‘of European authority in the Western Hemisphere rather than invite the continual irritation which would necessarily result from any attempt to increase the in- fluence of monarchical institutions over that portion of America which has been dedicated 10 republican government. Pensions. No nation can afford to be unjust to its de- fenders. The care of tHose who have suffered injury in the military and naval service of the couniry is a sacred daty. A nation which, like the United States, relies upon voluntcer service rather than upon & lnge standing army, adds 10 its own security when it makes generous provision for those who have risked their lives in its defense and for those who are dependent upon them. The Producers of Wealth. Labor creates capital. Until wealth is pro- duced by the application of brain and muscle 10 the resources of this country there is noth- ing to divide emong the non-producing classes of society. Since the producers of wealth create the Nation’s prosperity in time of peace and deiend the Nation’s flag in time of peril, their interests ought at all times to be considered by those who stand in official positions. The Democratic purty has ever found its voting strength among those who are proud to b known as the common people, and it pledges itslf to propose and enact such legislution as is necessary to protect the masses in the free exercise of every political rightand in the enjoyment of their just snare of the rewards of their labor. Arbitration. 1 desire to give special emphasis to the plank which recommends such legislation as is neces- sary to secure the arbitration of differences between employers engaged in interstate com- merce and their employes. Arbitration isq0t a new idea—it is simply an extension of the court of justice. The laboring men of the country have expressed a desire for arbitra- tion and the railroads cannot reasonably ob- ject to the decisions rendered by an impartial tribunal. Society has an interest even greater than the interesiof employer or employe, and has & right to protect itself by courts of arbi- tration against the growing inconvenience and embarrassments occasioned by disputes between those who own the great arteries of commerce on the one hand and the laborer who operates them on the other. Immigration. While the Democratic party welcomes to the country those who come with love for our in- stitutions and with the determimation and ability to contribute to the strength and great- ness of our Nation, it is opposed to the dump- ing of the criminal classes upon our shores and to the importation of either pauper or con- tract labor to compete with American labor. Injunctions. The recent abuses which have grown out of injunction proceedings have been o emphat- ically condemued by public opinion that the Senate bill providing for trial by jury in eer- tain contempt cases Will meet with gemeral approval. Trusts. The Democratic party is opposed to trusts. It would be recalcitrant to its duty to the peo- ple of the country If it recognized either the moral or the legal right of these great aggre- gations of wealth tostifle competition, bank- rupt rivals and then prey upon .society. Cor- porations aré the creatures of the law and they must not be permitted to pass irom under the control of the power which created them; they are permitted to exist upon the theory that they advance the public weal and they must not be allowed to use their powers for the public injury. Railroads., The right of the United States Government to regulate intersiate commerce cannot be questioned, and the necessity for the vig- orous exercise of hat Tight is becom- ing more and more imperative. The in- terests of the whole people require such an enlargement of ihe powers of the Interstate Commerce Commission as will enable it to prevent discrimination between persons and piaces and protect patrons irom unreasonable charges. “acific Railroads. The Government cannot afford to discrim- inate between its debtors and must, theretore, prosecute its legal claims against the Pacific protection of the rights of the patrons as well as for the interests of the Government. Cuba. The people of the United States, happy in the enjoyment of the blessings of free government. feel a generous sympathy toward all wno are endeavoring to secure like b'essings for them- selves. This sympathy, while respecting all treaty obligatious, is” especially active and earnest when excited by the struggling of nel:hhorlni peoples, who, like the Cubans, are near enough to observe the workings of a Gov- ernment which derives all its authority from the consent of the governed. The Civil Service. That the people are not in favor of life tenure in the ecivil service is evident from the fact that they, as a rule, muke frequent changes in their official representatives when those Tep- resentatives are chosen by ballot. A perma- nent office-holding class is not in harmony with our institutions. A fixed term in ap- pointive offices, except where the Federal con- stitution now provides otherwise, would open the public service 10 & larger number of Citi- zens without impairing its efficiency. Territories. The territorial form of government is tem- porary in its nature and should give way as soon as the Territory is sufficiently advanced to take its place among the States,” New Mex- ico and Arizona are entitled to statehood and their early admission is demanded by their material and political interests. The demand of the platform that officials appointed to ad- minister the government of the Territories, the District of Columbia and Alaska should bona fide residents of the Territories or district is entirely in keeping with the Demo- cratic theory of home rule. Iam also heartily in sympathy with the declaration that all pub- Jic lands should be reserved for establishment of free homes for American citizens. ‘Waterways. The policy ¢Z improving the great waterways of the coantry is jnmfled!by the National char- acter of those waterways and the enormous tonnage ,borne upon them. Experience has demonstrated that continuing approvriations are in the end more economical than single appropriations separated by long intervals. The Tariff. It is not necessary to discuss the_tariff ques- tion at this time. Whatever may be the indi- vidual views of citizens as to the relative mer- its of protection and tariff reform, all must recognize that until the money question is fully and finally settled the American people will not consent to the consideration of any other important question. Taxation presents a problem which 1n some form is continually present, and a postponementof definite action upon it involves no sacrifice of personal opin- ion or political principles; but the crisis pre- sented by financial conditions cannot be post- oned. PTumendom results will follow the action taken by the United States on the money question, and delay is impossible. The people of this Nation, sitting as a high ceurt, must render judement in the cause which greed is prosecuting against humanity. The decision will either give hope and inspiration to those who toil or “shut the door of mercy on man- kind.” In the presence of this overshadowing issue differences of opinion upon minor ques- tions must be laid aside, so that there may be united action among those who are determined thai Pfolll'fl' toward a universal gold stan- dard shall be stayed and the gold and silver coinage of the constitution restored. W. J. BRYAN, BUSY MAJOE McKINLEY. Delegations Are Pouring in Upon Him From Every Section: CANTON, Ommo, Sept. 9.—Major Me- Kinley has been engaged all day in the not unfamiliar work of writing speeches. He is to be visited by ten delegations the latter part of this week, and it anms1 likely that he will have to make separate addresses to each of them. The arrival of the delegation of Vermonters at 9 o’clock Friday morhing is looked forward to with uncommon interest. Arrangements are being made for the Republican meeting to be held here on the 18th of September. It is the purpose of the managers to have this meeting the largest political gather- ing ever assembled in this country. Dele- Pennsylvania, Michigan, Indiana, Ken- tucky and *West Virginia. The speakers who have finally been fixed upon are: Senators Thurston and Cullom, Governor Hastings of Pennsylvania, and Congress-{ man McCieary of Minnesota. Governor A. 8. Bushrell of Ohio is to be the presi- | dent of the day. A'local evening paper prints to-night interviews with Republicans from abont one-half the counties in Ohio. The trend of opinion is that the Republican ma- iorities in Republican counties will be largely increased, and that the sound- money Democrats will everywhere outs number the free-silver Republicans. Lo e 4 STRAW VOT IN NEBRASKA. Indications Point to a MoKinley Ma- Jority of About §000. CHICAGO, IuL., Sept. 9.—William R. Dawson, a business man of Lincoln, Nebr., has sent to Republican headquarters the result of a nonm-partisan and extensive canvass of the country towns and sure rounding rural region of Nebraska, omi ting Dougiass and Lancaster counties, Where Omaha and Lincoln are situated. The inquiries were sent out in circular form to business men of good standing 1n the country towns, irrespective of politics, and there was nothing in the heading of the eirculars to show for whom the report Wwas desired, orin the circular to disclose the polities of the writer. Fifty-seven country towns reported. In the country surrounding these towns the peccentage was as follows: Forty-six for McKinley and fifty-four for Bryan. Inthe country towns the percentage was: Fifty- six for McKinley and forty-four for Bryan. National Committeeman Charles G, Dawes, a cousin of the circular writer, said he took these fizures to indicate a majority of at least 8000 in Nebraska for McKinley. —_——— HOWSECRETARY LAMONT STANDS. Is for Sound Monmey and Will Fote for FPalmer and Bueckner, WASHINGTON, D. C., Sept. 9.—The following telegram, addressed to-day by Hon. Daniel 8. Lamont, Secretary of War, to Mr. Bynum, explains thoroughly Colo- nel Lamont’s position on the political issues now pending: WASHINGTON, D. C., September 9, 1896. Hon. William D. Bynum, Chairman: 1 regret that T am unable to accept the invitation of your committee to be present at the notifica- iion of Senator John M. Palmer and Governor Simon B. Buckner of their nomination by the National Democratic party for President ana Vice-President of the United Stat: The outcome of the Indianapolis convention in candidetes and platform is inspiring to every Democrat who refuses to abandon the principles established by the fathersand stead- fastly maintained with pride and honor, and who declines to adopt the new and sirange creed proclaimed in @ moment of delirium at Chicago, and promptly recognized and ratified as its own by the Populist party at St. Louis. 1 prefer to keep the old faith and remain a Democrat, and shull accordingly castmy vote for Paimer and Buckne DANIEL 8. LadonT. s MANLEY FIGURES ON MAINE. Says the Republicans Are Safe for 18- 000 to 20,000 Majority. AUGUSTA, MEk., Sept. 9.—The Republi- can State Committee held its third can- vass of the State, and Chairman Manley has given a summary of the resuit to a re- vorter. He says: ““We will get from 78,000 to 80,000 votes of the Republican party. We do not count on a total vote of more than 140,000, which would be about 7000 less than the number thrown in the great greenback year of 1880. We count. the combinea op- position to the Republican ticket at 60, 000; that is, we say the D:mocratic vote may be 60,000, thus allowing ourselves a safe majority of from 18,000 to 20,000 votes as the number from which we shall win.”’ Mr. Manley said he did not fizare on the #old Democrats, and that it was impossi- ble to tell how they would vote. Lo borms MONTANA REPUBLICANS. Silver Men Capture the Organization of the dtate Convention. HELENA, Mosr., Sept. 9.—The Repub- lican State Convention met this afternoon. The test of strength of the silver and gold forces came on the selection of temporary chairman. The silver men won by a ma- jority of fifty. There are many contests and the convention will not be organized before to-morrow. 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