Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-08-27
SATURDAY. AUGUST 81, 1892.
The Thira-pistrlct Platform.

Tho Third-DistrictP Platform.
The Third party placed Mr.. WALTER f.
GRANT. their nominee for the House of Re
representatives. in this district, upon the
Omaha platform. or the Ocala platform,
with some additions. perhaps. As the
presidential election is to be n national
one. the creeds adopted by the various ma
tionai conventions Of the several national
parties ought TO be national creeds. We
gave last week the st. Louis platform.
Seeing that the Third-partyites in this con-
gressionsl district stand upon the Ocala
platform. rs We believe they do so far as
most of its planks are concerned. we quote
that platform once more. II is as follows !;
(A) Tho right 70 mako and Issue money is a
sovereign power, to DO maintained by the peo-
pie for the common benefit: hence We demand
the abolition Of national banks as banks OF Is
sue. and as a substitute for national-bank notes
VIC demand that legsl-tender Treasury notes be
issued in sufllcient volume 70 transact the busi-
ness Of the country on a cash basis, Without
damage or especial advantage 10 any class or
calling, such notes 10 be legal tender In pay
ment Of ali debts, public and private; and such
notes when demanded by the people shall DO
loaned 10 them at not more than per cent. per
annum upon non-perishable products, as indl-
Gated In the Sub-Treasury plan, and also upon
real estate. with proper Limitation upon the
quantity Of land and amount OF money.
(B) We demand the free and unlimited coin
age Of silver.
tC) We demand the passage Of laws prohibit
ing alien ownership Of land and that Congress
take prompt action 70 devise some plan 10 OBJ
tan all lands now owned by alien and foreign
eyndcates, and that all land held by railroads
and other corporations In excess OF such as Is
actually used and needed by them be reclaimed
by the government and held for actual settlers
only.
tD) Believing the doctrine OF equal rights TO
all and special privileges TO none we demand
that taxaiion-nationsl. State, or municipal
shall not be used 20 build up interest or class
at the expense Of another.
(E) We demand that all reveuues-naiional,
State, or county-shaIl be limited to tho neces-
sary expenses Of the government, ecOnomi-
cally and honestly administered.
(Fl We demand n Just and equitable system
OF graduated tax on incomes.
90 We demand n most rigid, honest, and
Just national control and supervision Of the
means OF public communication and transport
tation, and n this control and supervision docs
net remove the abuses now existing, We demand
The government ownership OF such means OF
communication aud transportation
H We demand the election OF President,
vice-Prosideni, and United States senators by
direct vote Of the people.
There can be no mistake as to what that
platform teaches. IL will be seen that it
demands the abolition OF national banks.
But the Richmond convention of Thurs
day did not propose to abolish national
banks IN order to provide for the re- estab-
lshment of the old independent system of
banking, OF rather the old independent
plan of flooding the community with
circulating notes practically irredeemable.
We mention this fact because some of our
good friends in different parts OF the
State have come TO the conclusion that
possibly the country might get rid of the
currency agitators by allowing them to
have the old independent banks and
On abundance of money, or rather cur
rency, which would hasten home
whenever IL might find itself in the
hands Of strangers or vainly endeavor-
ing TO get into the pockets of stran-
gers. But in the Third District. at least.
the Third-party men propose TO stand to
their guns aud fight to destroy the ma
tional banks. This fight, if it is success
full, they propose TO follow up by re-
curing the National Government to issue
rreenbacks enough 20 serve as a currency
for the VIII ole country. These greenbacks
are not TO be- redeemable anywhere OF by
ANYBODY If the Ocala notion is carried
out, but are. notwithstanding, to be q
full legal tender" There are contradic-
tions in fact il not In theory You
cannot eat your cake and at the same
time have your cake. SO you cannot
food the country with irredeemable green
backs, and then make these greenbacks rs
good as gold or silver. On the contrary
the attempt to make a good currency
which is not redeemable will prove to be
miserable failure. Not even the United
States Government has been able so far to
keep silver at par with gold though it ac-
cepts silver as being as valuable as gold at
oil Of it's custom. houses and internal-reve-
nue. Offices However. we intended mere
ly TO emphasize the fact that the Third
partyites in this congressional district are
opposed to allowing moneyed men TO dot
the country over with little independent
banks putting out their own notes as the
circulating medium OF the whole country.
The 0cala platform demands the free
and unlimited coinage of silver" THIS
reads as IL il were last-year's almanac.
The Ocala platform was adopted before the
Republican and Democratic National Con-
ventions adopted their respective creeds.
Seeing that Mr.. CLEVELAND or Mr.. HARRI-
soS will be elected President. 1t would
seem that there is no good reason TO hope
for the passage OF law providing for the
free coinage OF SILVER before the year 1897.
The Dresden conference is the last hope Of
the bimetallists for the present.
The Ocala platform demands gradu-
ated income tax. We do not know where
the process OF graduating is 70 commence;
but we suppose that no income under
$1,000 would be taxed. II not, the process
of graduation would go upwards from
5000. All the small incomes would es-
cape taxationNaltogether, and good many
OF those supposed to be tolerably large in
Virginia would diminish under the opera
ton Of the new law until they dwindled
down TO the non-taxable point.
Read the Ocala platform for yourselves,
and decide for yourselves whether you
will or will not follow its Will-o'-the -Wisp
wanderings by the side Of meandering
financial streams.
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Sensible