The farmers' union., 1891-08-20
ALLIANCE PRINCIPLES.
-:.HE SUB-TREASURY PLAN FIRST
ON THE LIST.


Opposition by the Money r"wcr-Aiii-
ane" Duty is straight Ahead.
The great hue and cry raised against
the sub-trcasury demand by the press
OF both political party leaders, Is only
one step in the opposition which we
are TO meet with in the discussion of
all of our demands The argument
that it is 'undcmocratic" and 'uncon
stitutional" will be urged with equal
force against every one of the Ocala
demands. Ii we can he forced to aban
don the sub-treasurv the same lash
will be applied to us until every other
| demand is abandoned, no matter how
reasonable it may be. We can assure
our readers that neither of the politi
cnl party leaders will take up any
question without the approval of Wall
street, New York. and Wall street Will
| oppose any measure not endorsed by
| Lombard street, London, and both
| party leaders have stood on both sides
| Of ncarlyall important issues, and can
| prove themselves right by the record
| upon either side. We have no more
| respect for lie one thousand years old
| than one told yesterday. We demand
! the abolition of the national banks,
and although it is II good democratic
| principle, it Is contrary to the policy of
| either democratic or republican leaders
| because Wall street is opposed TO it.
| Before the money ring got control Of
| the democratic party Jefferson SAID in
| l79s:
| Il believe tha. banking institutions
Il ~ Isl,
! than standing armies. Already they
| have raised up q moncyed aristocraey
that has set the government at def
ance. The issuing power should be
taken from the banks and restored to
! the government and the people 10
| whom it properly belongs.
| Nearly forty years afterwards. when
Jackson had vetoed the national bank
| bill after the country had tried the
experiment of permitting a private
| corporation to control the money Of the
| country. Jackson said: Thirty mil
| lions of dollars in the hands of an ire
| sponsihie banking corporation, is Il
| dangerous menace to a free govern
| ment This was olI-timc democracy
before the party went over to the money
| rings Since the democratic platform
of 1868. which WAS rejected by Wall
street. no word has appeared in any Of
the democratic platforms against the
messages are silent urou that subject.
| Senator Bayard. of Delaware. who was
secretary of state under Cleveland
said i'll speech in 1880: Il hav. seen
| it charged that the democratic party il
opposed to national banks. but | am at
a loss to know the authority for this.
! The platform of the party contains 10
such suggestion and admits of no such
construction, and it is Very certain that
for the second place on otr tlckc: We
have named Ny William H. English,
OF Indiana. one Of the ablest tinanclers
and best business men in the whole
country, whose management of the
affairs Of q national bank Of which lie
was president was conspicuous for its
success. This dlsposes of this charge
at least"
Senator Bavar,l was then bidding
for the support Of the money ring and
Wall street, but he was too late. Gar
field hal already secured that support
In 1885. Senator Beck, of kentucky. Il
distinguished democrat. in a speech III
| the United States senate said: Il de
sire to state, with great distinctness
that l am not making war upon bond
holders, national banks or bankers.
voted to renew their charters, to re
| peal all taxes on their capital. and de-
posits, and will chcerfully vote for any
| and all measures necessary TO add tc
their usefulness. either hy increasing
their circulation to par with the bonds
| deposited, or if it can he done with JUS
tee to their competitors IN business
repeal all tax on their circulation. w,
might go on indefinitely and show that
none have proved better friends to the
national banks than the democratic
leaders, and trat Wall stree. has ever
found In the leaders of both partie.
ready tools to DO their bidding. SO il
is with the silver question. We de
mund the free coinage of silver. This
is essentially democratic measure
and free coinage existed from 1892 tC
| 1873 even when silver WIS found to b.
worth less than gold. In 1894 the dem
ocratic party took the position that
silver was the peoples money, ant
the Standard based upon the old Span
ish milled dollar, which had alwav:
remained Il legal tender and was til.
only foreign coin SO honoreI. Thi:
was opposed by the wings, who rep
| resented the arist0crailc national hanl
element, and the result was that con
gress took six per cent. ont of the golt
coin of that time in order to esta blisl
a parity between the two metals.
No one know that silver was demon
) etized III 1873 who would acknowlcdg,
it. Th" crime was pcrpetrated in Sc
crct at tiluc when the silver in the sill
, YER dollar was worth more than til.
gold in the gold dollar. The silver il
the silver dollar has never changed
from 1892 to 1891 ii has remained a
81. grains, the same as the old Span
ish milled dollar.
To prove that this crime was un
known, it is only necessary to quot,
from the speeches of some of the mem
bcrs of that day. Mr.. Kelly, of Penn
: sylvania, in a speech delivered May 10
1879. said: Il was chairman of TIL,
committee that reported the origina
| bill, and | aver on my honor that
did not know the fact that it proposed
to drop the standard dollar and Iii,
/ | not learn that it had done it for cigh
, teen months after the passage of the
, substitute offered by Mr.. Hooper
when / disputed the fact" Mr. Hol
, man. the veteran legislator of Indiana
on July II, 1876, said: Il have befor,
me the records of the proceedings o
this house on the passage of that meas
, urc, Il record which no man can rea,
without being convinced that the meas
3 urc and the method of its passag,
through this house was colossal swim
die" And last year twenty mine dem
, ocratic state conventions put deman,
} for free coinage of silver in their stat,
2 platforms, and the democratic press 0
, the country generally advocated it un
til Mr. Cleveland wrote his lcttc
against it, at a time when the passag
l of a bill for the free coinage of silve