The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1892-07-07
that no such prosperity has resulted
from the Mckinley act.


We call the attention thoughtful
Americans to the fact that after thirty
years OF restrictive taxes against the
importation of foreign wealth, in ex-
change for agricultural surplus, the
homes and farms of the country have
become burdened with a real estate
mortgage debt of over two thousand
five hundred million dollars, exclusive
of all other forms of Indebtedness
that in one of the chief agricultural
States of the West there appears real
estate mortgage debt averaging s165
per capita of the total population, and
that similar conditions and tendencies
are shown to exist in the other agricul-
tural exporting States. We denounce
a policy which fosters no industry so
much as it does OF the sheriff
RECIPROCITY.
Section 4. Trade interchange on
the basis of reciprocal advantages to
the countries participating is lime
honored doctrine of the Democratic
faith, but we denounce the sham re-
ciprocity which juggles with the peo-
pies desire for enlarged foreign mar
kets and freer exchanges by pretend
ing to establish closer trade relations
for country whose articles of export
are almost exclusively agricultural
products with other countries that are
also agricultural, while erecting
custom house barrier of prohibitive
tariff taxes against the rich and the
countries OF the world that stand
ready to take our entire surplus of
products and to exchange therefor
commodities which are necessaries
and comforts of life among our own
people.
Section S. We recognize in the
trusts and combinations which are
designed to enable capital to secure
more than its just share of the joint
product of capital and labor natural
consequence of the prohibitive taxes,
which prevent the free competition
which is the lite of honest trade; but
we believe their worst evils can be
abated by law, and we demand the
rigid enforcement of the laws made
to prevent and control them, together
with such further legislation in re-
straint of their abuses as experience
may show to be necessary.
PUBLIC LANDS.
Section s. The Republican party,
while protesting poloicy of reserving
the public land for small holdings
by actual settlers, has given away the
peoples heritage till now a few rail-
roads and non resident aliens, indi-
vidual and cooperate, possess larger
area than that of all our farms between
the two seas. The last Democratic
administration reversed the improvi-
dent and unwise policy of the Repub-
lican party touching the public domain,
and reclaimed from corporations and
syndicates, alien and domestic, and
restored to the people nearly one hun
dred million acres of valuable land
to be sacredly held as -hemesteads for
our citizens, and we pledge ourselves
to continue this policy until every
acre of land so unlawfully held shall
be reclaimed and restored to the
people.
SILVER AND GOLD.
Section 7. We denounce the Republi-
can legislation known as the Sherman
act of 1890 as cowardly makeshift
fraught with possibilities of danger in
the future, which should make all of its
supporters, as we'll as its author, anx-
ious for its speedy repeal. We hold to
the use of both gold and silver as the
standard money of the country and to
the coinage of both gold and silver
without discriminating against either
metal or charge for mintage; but the
dollar unit Of coinage of both metals
must be of equal intrinsic and ex.
changeable value or be adjusted through
international agreement or by such
safeguards or legislation as shall insure
the maintenance of the parity Of the
two metals, and the equal power o
every dollar at all times in the pay
ment of debts, and we demand tha
all paper currency shall be kept at pa
with and redeemable in such coin. W.
. insist upon this policy as especially
. necessary for the protection Of th'
f farmers and laboring classes, the frs
and most defenseless victims of un'
stable money aud huctuating currency
STATE BANK TAX.
Section 8. We recommend that tn
prohibitory ten per cent. tax on Stat
bank issues be repealed.
CIVIL SERVICE.
, Section 9. Public Office is publ
trust. We reafflrm the declaration {
the Democratic national convention {
4. 1876 for the reform of the civ
Il service, and We call for the homes
enforcement OF all laws regulating tn
> same. The nomination of President
> as in the recent Republican conven
- ton by delegations composed largel
of his appointees, holding office at h
pleasure, is scandalous satire upo
;, free popular institutions and tt
startling illustration of the methods b
=. which a President may crafty h
. ambition. We denounce a polio
under which Federal officeholde
usurp control il the States, and v
y pledge the Democratic party to II
:. reform of these and all other abus
- which theaten individual liberty ar
~ local self-government.
,+l FOREIGN wOLICY.
re Section 10. The Democratic par
,e is the only party that has ever Civ
,e the country foreign policy consi.
"a ent and viporons comDellinp resDe