People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1892-08-12
OPENING THE CAMPAIGN.
THE PLOTS OF TIE MONEY POWER
UNF0LDED.
Address of the Peoples Party Execu-
tive Committee to the People Of
the State of Missouri.

amazed at the developments of the
last forty days. %. The old party
platt forms bear unmistakable evidence
OF collision, as the agents of COM
bined capital. To render and con-
tinue the North and South "alien to
each other" the Republican party
declares in favor of the "force bill, y
a measure it had no hope of ever
enacting into law. This to put a
club into the hands of its ally, the
Democracy" of the South, to enable
it to drive the voters Of that section
into line so political lncendiaries of
the North may point to ''the solid
South" and from this declaim for
and demand "solid North" All
this, In the meantime, in the future,
as in the past, to inure to the benefit
OF the European money power in its
organized assault upon the industrial
and political liberties of the people.
On the question of the coinage of
silver the position of the old parties
Is the same. Each takes advantage
of the present depreciation of silver
as money caused by hostile legisla-
ton, to demand that thirty cents
more silver shall be put into the
silver dollar permitted to be coined.
The enforcement of this demand
would result in the immediate reduc-
ton of the present silver coin and
certificates IN the sum of $12O,0O0,-
600, or 30 per cent. of the entire
volume. Both call for an interna-
tional conference and assert their
purpose to await the agreement and
action of the European powers be-
fore they attempt any relief to the
people on this subject And that in
the face of the notorious facts that
the demonstration of silver in 1878
was promoted and procured by the
joint acts of foreign emissaries back
ed by European gold and domestic
betrayers of the public welfare, who
thus perpetrated one of the darkest
crimes in the annals Of history.
And the notorious fact that by means
of it the European powers have been
enabled to lay tribute upon our pro-
ductive industries, and the present
status inures only to the benefit OF
alien and domestic usurers, specula
tors and extortioners. The subject
of the free coinage of silver Is only
important as it is marginal on the
question of currency and It's volume.
The old parties declare by their posi-
tion on this question not only that
they forbid any increase Of the
present volume, that even now
strangles enterprise, stagnates trade,
blights prosperity, impoverishes la
Dor, bepkrupts dealers and traders
and threatens the peace of the coun-
try, but actually demand further
contraction to reach a gold standard.
According to their platforms we
have no relief or surcease from these
conditions without the consent of
the European powers, whose ennis
saries and gold brought us to this
deplorable state. And that, too, in
the face of the fact that twenty-four
states have now declared in favor Of
free coinage of silver. A few days
since, the Republican Senate passed
the Stewart bill providing for the
free coinage of silver; the bill was
called up in the House, Democratic
by a two-thirds majority, and 118
Democrats, 10 Peoples Party (every
NAM and Republicans, 1856, voted
for it. But 90 Democrats and go
Republicans, 1874, voted against it
and defeated it.
(2) On the subject of tariff one
declares for ''tariff for revenue only
TO support the federal government
whose expenses are steadily inereas-
ing and are estimated next year to
be five hundred million dollars. The
other declares for tariff for''protection
and revenue" for the same purpose.
A reduction of the revenue derived
from that source by either or both Of
them, IN obedience to the declaration
in their platforms, would leave the
federal expenditures unprovided for.
Neither or both of them have reduc-
ed the tariff tax in twenty five years
and neither of them intend to do it.
Their respective positions on that
subject are assumed, at the direction
of Ahe 1000 men estimated to own
one half of the wealth of the nation,
who are practically exempted from
taxation, to support the federal gov
eminent by the indirect tax levied on
what the citizens consumes instead
of what he owns. Neither of them
even promise any substantial redue-
ton of the tariff taxes and our expe-
rience ought to teach US that they
always do less than they promise ia
relief to the people. Reform of this
abuse can be effected only by raising
the revenue to support the federal
government, by system of direct
and income taxes, thus separating the
interests and cause of the manuf2c-