Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-04
To be Organized Shortly in Pitts
burg, the Cradle of the Repub-
licanism of the Present.
THE PLAN OF AN ALLEGHENIAN
10 Abolish Gold and Silver as the Basis
Of the Monetary System of
the United States.
AGRICULTURAL LANDS A SUBSTITUTE.
Senator Stanford Accused Of Stealing the Thunder
Of 4 Local Reformer

men by new ideas, along new grooves, tc
something more nearly akin to the misty
millennium A party with a New Idea
that settles the present national monetary
question and solves the domestic economy
riddle in a way that the old masters seldom
dreamed OF and less seldom ever thought of
"a near realizationi The present genera
ton has grown so familiar with the names
Democrat and Republican, and what these
names are supposed to represent, that the
very thought of breaking down the barriers
appears something startling.
But Pittsburg has somewhat of a revolu-
tionary reputation in political matters The
Republican party was swaddIed in the Iron
City, and ever since that period great
political ideas in Pittsburg have not been
known to be bound around with iron hoops.
Will Pittsburg be the cradle Of another
great national party? The movement is on
foot, and already it has taken shape in one
Pittsburg mans brain. IL has not as vet
made much headway among the voters, but
the originator of the New Idea contem-
plates calling general convention in Pitts
burg at no distant day, where men of all
political faiths and shades of political
thought may assemble and interchange ideas,
with the view of striking out along a new
political highway, regardless of present po-
litical lines.
RECEIVING ENCOURAGEMENT
The outline of the new scheme las al
ready been formulated by its original pro-
moter, who has brought it to the attention Of
several national politicians at Washington,
and others, with the result, be says, that he
has received encouragement and an offer
from Pittsburg Congressman to embody
the New Idea in bill. and introduce it on
the floor of the House of Representatives.
With the originator, the lines on which
he proposes that the new infant political
party shall travel are not new ones. He
brought them to the attention of Legislators
as long as Is years ago. At that time they
were considered, be says, in advance OF the
age. Since then the progress of political
events has brought those relics again to the
'front.' and legislators have proposed them,
or some slight notifications of them, as a
solution of mary OF the national questions
that are agitating both Democrats and Re-
publicans.
4uc OTlSiudVOr OF JulS new lO6a is Mr.. w.
E. Freid, of the Atlas Paint Company,
Allegheny. Hearing that Mr.. Freid was
preparing pamphlet and contemplating to
launch again his New Idea into the politi-
cal world, q DISPATCH reporter called
upon him yesterday and asked him as to his
intentions, and for an outline of the formu-
lstion upon which it was proposed to base
the new political party which, it was said,
he would endeavor to form. |
NOT NEW WITH HIM.
ayes, 1 am drafting short SYNOPSIS of |
the political foundation of a new national |
party" said Mr.. Freid cit is not a new
scheme with me. l held the same ideas Is
wears ago, and the Pittsburg papers and 1
other papers in the country took notice OF
them then. But the ideas were then
thought to be too advanced for the age, and
let the matter drop. l have watched the
political pot since then, and saw that the
drift was strictly toward the ideas / ad-
vAnced 15 years ago, until Senator STAN
ford of California, took them up last
March and passed them off as the evolution
of his own BRAIN"
Here Mr.. Freid dived into an inner re-
cess in his desk, and drew forth a bundle
containing copies of Pittsburg and other
of the wear 1876 Reference
was made to the papers editorially, to Mr..
Freid and his opinion. Mr.. Freid was then
living in ewickley.
''Those are the opinions which 1 bold to-
day." continued Mr.. Freid. ''I have conf
dence in them; they have stood the test of
time, and fnanciers are coming to see their
worth"
''Do you now intend to make them basis
for new political party?''
Il do. And in this 1 am acting under
the advice OF the National Executive Com
mittee of the Farmers Alliance. 1 antici- |
pate the calling of general convention at
Pittsburg in the near future for the purpose
Of organizing the American National party.
1r by some other name to be known, of the
sdherents to this great cause, and of those
who may be susceptible to any convincing
arguments which may be offered in its
avor.
ADVANCED IDEAS EXPECTED.
81 believe that such a convention of
minds may be called together, which will
esult in the promulgation of some ad-
-anced ideas on our national MONETARY
question and political economy. 1 believe {
hat the State of Pennsylvania will be
ound to be the great keystone OF support to
be new cause which may soon wax
trength and vigor and be given a broad
nd grand heritage"
Af. 4 what is IO6 pIaLIOrm
n which the new American National party I
Fill stand ?'' 8
''The platform is simply this-I call it 8
he New Idea-that agricultural land is !
be proper basis for our national currency
nd banking. In these United States we {
eed no longer hoard up millions OF gold {
nd silver a surplus in our treasury on ]
Thich to base our paper currency; we need
% longer use gold, silver or any other COM '
,odity which shall be required to be j
laced into disuse for this purpose, and SO
eprive the world from any other useful J
pouiremeRts and demands il may supply, t
because wealth thus employed will require
to that extent for which it is c
aluable for other purposes, consequently I
urdening our commerce unnecessarily to /
1st that extent Agricultural land will @
urnish basis for circulating medium sd-
uuate to the demands of the time. {
1--WE may establish a sinale standard r
of values (the gold interna- .
onal standard), without requiring the o
resence or possession OF that commodity. s
hen detailed plan of the New Idea has e
cen laid out the rates of interest for the
Sc of money for commercial purposes will i
2 lowered. Then the New Idea will result
D constant tendency toward equs1izing the /
,diyidual share of the wealth produced by t
lbor."
ITS EFFECT ON THE BANKS.
"How would the New Idea effect the pres v
1t banking institutions OF the country" o
-tIt would supply their place IN all their s
requirements and points of use t
,lpess. The greatest issue before the peo- v
le to-day is the monetary question. Its S
,o.4 v,roba HE solution is now recognized bv v