The Democrat. (Scotland Neck, Halifax Co., N.C.) 1884-1896, 1893-12-07
AN APPEAL TO CONGRESS.
State Bank Tax Repeal.

little Just the same, and if 1t does not
come to pass | Will set up cigars to the
Gazette Office.
This prophecy it not in the spirit Of
pessimist, nor am / desirous OF
shrouding the future in unremedial
gloom, but simply to drop pointer,
which if needed may prove advanta
geous.
When Congress meets in regular ses-
| sion in December and the Democratic
party attempts Gas it must and wild to
redeem its promise to repeal the 10
per cent tax on State bank issue, you
will find scores of Southern Democratic
newspapers taking up the National
bank monopoly refrain and crying with
all the earnestness of apparent sincerity
wild Cat Money ~ 'Wild Cat Mon
ey"
Now | am constrained to ask what
this means. note this sentiment al
ready IN the Richmond Dispatch and
Norfolk Firginion, both Democratic
newspapers.
Intelligent men sure know that the
Democratic party must live up to its
promises as near as possible, Or lose the
confidence of the people. Just as a
business man who promised and failed
to fulfill would lose the confidence OF
his patrons.
Intelligent men surely know that
the Democratic party in a plain open
expressed declaration pledged Itself IN
the Chicago platform to repeal this
tax. and it is Furthermore held by the
party that as this tax on State banks
was not levied for the purpose of rails
ing revenue to defray the expenses OF
government, but solely to establish
National bank monopoly on the peo-
pies money and is strictly undemocrat-
ic and unconstitutional.
intelligent men surely know that
the interest of the South as an agrlcul'
tural country is suffering for the want
of more elasticity III its banking sys
tenn producing as it now does con
eestion of money in the chief com
mercial centres Of the North and con
sequent contraction of currency South
and that we must have an enlarge
ment of the money volume South, o.
still greater stagnatiOn OF business
will be the inevitable result.
Intelligent men who are tamlllal
with the termination of the recen
money battle in Congress, surely
know that the establishing Of State
banks by the repeal of the tax Thereon
is the one and only opportunity nov
left us for enIarging the volume 0
money and thus relieving the South
Therefore I cannot see how it is tha
any man who purpOrts to believe II
the principles Of the Democratic party
who has faith I'D its professions and con
flence Ill It's leaders, can maintain ID
Democracy and at the same time SD
with the National bank monopoly Il
its coming fight against the Democrat
ic party and the people on this yer
vital uustion of State bank tax repea
/, But strange things will happen, an
YOU will see in the coming repeal bal
tie men protesting faith to the Demo
cratic party and the people on the on
: hand. and swearing allegiance to tn
enemy of the people (the money power
on the other
While the free coinage OF silver Is
vital issue and one whose accumulatln
volcanic forces vii burst forth IN tn
next Presidential election with sue
terrific blast. as to bury 50 deep IN th
ashes and cinders Of the irruption sl1
ole gold standard men Irrespective {
political parties,) that they will neNe
q aoain present themselves for favor
\ free and liberty loving people. ST.
we can expect no enlargement OF th
money volume from this source durln
the administration of Mr. Clevelan
viewing it in the light of his recel
course and we must look to the esta
llshment of State banks as the ne,
and only chance now, on the currcnc