The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1893-07-19
Democratic Money.

Extremists and hotheads will not dom
mate in the councils of the Democratic
party when it fixes financial policy.
Bound by it's well-digested pledges the
party will keep steadily in view the use
of gold and silver as the standard money
Of the country, the equal power OF both
in the payment of debts and the main
tenance OF the paper currency at par with
and redeemable in the standard gold and
silver coins. To this object Mr.. Cleve-
land is pledged, and the Democrats OF the
Southwest pledged themselves in their
State platforms before the Chicago con-
vention met.
There are silver hotheads and gold hot
heads. Every individual American has
an unqualified right to hold any opinion
on currency he pleases and to tell his
thoughts from his house tops. He steps
into the councils of the Democratic party
one OF many. He will be controlled by
the discerning and impartial conserva-
tism of collected reason. The party is
not gold party or silver party. 1t lisa
union OF men who believe that Govern
ment's duty is to provide suitable money
for the people on sound metallic basis.
The business Of mining silver or import
ing gold is for private judgment. The
Governments part in the handling OF
metals properly consists only in keeping
on hand enough to redeem all its notes
and to cancel all its obligations. Hence
the Democrats in the two houses when
they come together with the responsible
ity upon them OF action for nation, will
apply the doctrine of century to the
conditions of the hour. The wisdom of
the most will direct the progress of all.
While the immediate effects of curren-
cy laws occupy the largest place in the
public mind, the Democratic party takes
control OF government again that it may,
as it did when Jefferson succeeded Adams
lift the hand of paternal Capitalization
from the business OF the people. Jefier-
son said that people cannot be both
free and ignorant. The Democratic party
believing in and addressing itself to the
intelligence OF the voters, cannot and will
not adopt course which is inconsistent
with its every platform. with the essence
of its doctrine and with the present well
fare OF the country.
Not even the Force bill is more incon-
sistent with Democracy than is the Sher-
man act. The Democrat who raises
friendly hand to arrest its tottering de-
cline only relieves the Republicans OF the
odium they have justly earned and weak
ems the faith OF men in the professions OF
the party's conventions.
Just as far from Democracy is the mon
ey stringency of single gold standard.
Few Senators or Representatives elect
ed by Democratic votes will be impelled
by puerile resentment to oppose sus-
pension or repeal OF the Sherman act, or
will be drawn by the hasty opinions of
Eastern bankers to assign monopoly OF
our standard to gold. Their beliefs and
their sense Of the gravity Of the situation
will rather teach them that a return to
the sound system ofgold and silver coins
and paper currency based upon such
coins is the legislation for a Democratic
period. Instead of wasting time over the
organization Of a contest in which the
Sherman act will be 'held as hostage"
the Democrats will obey the Chicago
platform and wipe out that law, in order
that they may uninterruptedly study the
monetary conditions of this and other
countries, examine the relations between
gold and silver and present policy of BIZ
metallic coinage, supplemented with. re-
deemable paper, which will satisfy the
business intelligence of the people and
restore healthy activity to the distribu-
ton of products. This is Democratic.
Anything else is makeshift of exped
iency on par with the Sherman act
The Republic.