Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1892-10-27

defined policies enacted into law
and when in conflict Herewith to
have the fundamental law chang :
ed.
There seems to be the consider
able obtuseneEs on the part OF people
in this State as to what constitutes
political action, but it is hard to
believe any can be found so dull as
not to see that what was popularly
known as the reform movement
was then a political move, and has
continued up to the present time to
be one.
Ii Messrs. Reed and Bell's let
ters left any doubt (and I think
they did not) in the minds of our
people about the existence here of
a secret political society. Mr.. VIII
sons letter finally removes that
doubt.
The existence Gideon s Band"
in this State, and the statements of
Messrs. Reed and Bell in reference
thereto not being denied, the peoa
pie will, of course, form their opin-
ion of it's character and objects
from the statements of these gentle
men.
IT the order is political, it is un-
lawful; if the order is not political
but merely intended to control
and direct the deliberations of the
Alliance, then it is an outrage upon
the members of the Alliance, who
have not been admitted into its
secrets, that secret "cabal" should
have been formed within their or
der to clandestinely control it's
councils.
F. M. StMM MS,
Chm'n State Dem. Elk. Com.
The Wildcat Money SkuIk
The Republican leaders now
realize the fact that they have been
worsted in every effort to defend
the iniquitous tariff taxation OF the
Mckinley law, and they have, from
sheer necessity, ekulked into a
corner and unite in howl against
wild cat money because the Chica-
go platform calls for the repeal OF
the 10 per cent. tax on State bank
issues. It is simply a cowardly
skulk, as every man of average
intelligence knows that no one
proposes to 60 back to irresponsi-
BILE tl.nks and that no such money
institutions could exist for q month.
The plain truth is that our ma
tional bank circulation is rapidly
diminishing and must soon disap-
pear. Senator Sherman, in a
speech delivered in the Senate last
June, thns honestly stated the
case:
Now, Mr.. President, another
thing is plain, that the people of
this country-whether rightly or
wrongly is not for me to say-are
not in favor of tie longer continu-
ance of the national banking sys-
tenn beyond that period which will
enable them to wind up as banks
of circulation when the payment of
the public interest-bearing bonds
isnade 1 am, therefore,
in favor of regarding the popular
will as being practically expressed
that we shall not continue this
banking system longer than the
existence Of the bonds that are ont
standing.
The Democratic platform does
not leave any citizen in doubt as to
what is meant by the repeal of the
tax on State bank circulation. This
important part of it is studious!y
suppressed by the skulkers:
We hold to the use of both gold
and silver as the Standard money
Of the country and to the coinage
cf both gold and silver. without
discrimination against either metal
or charge for mintage but the dol-
lar unit of coinage Of both metals
must be of eqnal intrinsic and ex-
chang" able value, or be adjusted
by international agreement, or by
such safeguards of legislation as
shall secure the maintenance of the
parity of the two metals and the
equal power Of any dollar at all
times in the market and in the
payments of debts, and we demand
that all paper currency shall be
kept at par with an redeemab!e in
such coin.
Grover Cleveland is the most
important man of all to interpret
the Democratic platform, and he
gives no uncertain sound on the
question of an absolutely sound
and stable currency. In his letter
of acceptance he says:
The people are entitled to sound
and honest money ,abundantly suffi-
cient in volume to supply their
business needs. But whatever
msy be the form of the peoples
currency, national or State, whether
gold, silver or paper, it should be
so regulated and guarded by govs
arp v,oanEal oofson Nv hx, xr,;co ooI