The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-01-10

the east, is compelled to surrender
this right to 'siss ue money! to debt
or section, as the south or west, her
power to absorb the wealth is broken
This one question of the right to is
sue money underlies all other re.
forms.
Second. The south and west are
debtor sections. 1t is to their inter
est to have large volume of mon
ey and dollar with small purchas-
ing power. The east is creditor sec
ton. 1t is to her interest to have a
small volume of money and a dollar
with as large purchasing power as
possible.
Third. 1t is to the interest of the
south and west to have free coinage
of silver, because it is product of
one of these sections, while the east
is opposed to it because she cannot
control the output of the mines.
Fourth. The south and west de-
mand reform in transportation, be-
cause every year millions are extort-
ed from the people to pay dividends
on watered stock held in the east
and in Europe. The east demands
that the government keep hands off,
because she and her confederates in
Europe own nearly all the railways
of the south and west.
Fifth. 1t is to the interest of the
south and west to have graduated
tax on incomes, because these sec
tions have few people with
large incomes, while the east is
opposed to a tax of this kind, be-
cause nearly all the people with large
incomes reside in that section.
Sixth. Again, it is to the interest
of the south and west to have the
tariff reduced as much as possible,
because they have to sell their prod
ucts in free market and buy in a
protected one; while it is to the in
terest of the east to have a high pro-
tective tariff, because she is selling
in a protected market and buying in
a free one.
No party can build platform that
will honestly reflect the interests of
the east and south or of the east and
west.
Therefore, it is only question of
limo Until tho Cnufh on6 yuoCf will
for self-protection, be forced to unite
at the ballot box.
The new political alignment so
much talked of is going to unite
those sections of our country whose
interests are identical. The two old
parties represent the interests of
the east; therefore the policy of our
party M ust be to unite the south and
west at the ballot box. The logic of
events will force us to take that 20
sition.
Our future platform must confne
itself to stating principles without
detail, upon which the south and
west can stand as unit.
If the silver states desire free coin
age, they must meet the south and
northwest halfway. The peoples
party demands the free coinage of
all the gold and silver we can get at
ratio of Is to /. Can the silver
states ask more? We further de-
mand that all the paper money need
ed in addition thereto be issued di-
rect by the government and made a
full legal tender.
Will the silver states yield to the
south and northwest on this propo-
sition? The money question is the
greatest issue of the age. This must
be settled first, and in order to set
tie it right the authority to tissue
money must be taken from the banks
and restored to the people," The
great principle which underlies all
monetary reform is, who shall issue
the necessary paper money? Shall
this be done by the banks and for the
banks, or by the people and for the
people who are to use it? This is the
very soul of the entire money ques-
ton, because the right to issue mon
ey carries with it the power to con-
troll it's volume. All others, as for in
stance the material out of which it
is to be made, it's volume, and the
mode of putting it into circulation,
are simply matters of detail which
properly belong to congress, while the
principle must be established by the
people at the ballot box.
u III. e. TAUBENECK.