The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1878-09-14
FIAT HONEY VS.. aRsps BACKS.

The money question in all its@ arious phases is
now before the people ofthis State. The Repub-
Iican party resolved in Convention assembled
Experience has shown that the greenback cur.
rency, thftreation of the Republican party, anu
under who's fostering care 1t has been Drougntt 70
q par with cefn, to be admirably adapted to the
wants of trade, and to that end that there may be
but one class Of paper currency, we favor the
withdrawal Of the National bank notes, suDsti-
tutiny therefOfSG greeaback currency issued d.
rect by the Government as safe paper currency
for the country, and we demand that 1t be issued
In slfncient volume to fully meet the wants OF
business without depreciatisg its value, and that
it shall be received in payment Of all debts and
dues, public and private, except As otherwise
specified by contract; that We are IN favor Of an
face in CON- and that it shall be issued In the
largest value that can he kept adoat with c0in TO
which end wefsvor law Of Congress by winch
abe value of the greenback currency IN r1 aUd
demand.
The Republican platform further declares
against the Issue Of fiat or absolute money and in
favor of q double standard In the coinage Of gold
and silver, placing both upon an equality.
:. The Greenback Labor platform-the MITCHELL
elder wing-declares in favor ofinaugarating ga
system of American absolute. money" and re-
solve
That money Is q creation of law, y convenience
of trade and Commerce. and it is the duty of the
government to provide all the money needed by
the peoples full legal-tender paper money,
based on the power, perpetuity ana circuit OF tne
government, needing NO other redemption than
that it he received by the governments in inil
paymept for all debts and taxes, including duties
On imports; and that all the expenses and DEBTS
of the government, including the bonds, should
be discharged in greenbacks.
The platform further declares in favor of tax
ing the national bonds.
The Democratic State Convention resolves In
the seventh plank Of their platform,
That we fhvor the unconditional repeal Of the
resumption act of 1915 the full demonstration of
silver the removal of all restriction ON tts COIN
age placing it on an equal footing With gold, the
repeal of the NATIONAL bank law the retirement
Of national bank notes, and the substitution Of
crsasury notes, commonly Salt4d gileDb6eks, In
their plaee, said notes to DC ui9de legal tender
for all purposes.
But in the sixth plank they ''utter' the follow
ing, which may be justly called skillful straddle
of aat money or q announcement Of the same-as
one may choose to read The platform does not
,.enounce absolute money.
That as Congress has the sole power to coin
money and to the value thereof under the c0nsti-
tuition, it should also exercise the sole power 10
provide paper currency to be used as money ]
that such money be issued In suflcient volume -
..aay he necessary for the convenient transaction
Of business at all times and to stimulate enter
lprise, secure fair recOmpense to labor and Its
products and promote . due Development Of the
sast agriccltyrnl, mineral and mechanical re-
soureesOfth country.
Give these platforms . careful wedding. Here.
after We shall give them more extended notice.