Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1894-09-13
THE POPULISTS.


Council Bluffs convention brings be-
fore us the question, as to whether the
Ninth district of Iowa will stand for
populistic or republican principles in
the next congress.
The populist principles, for which
the democratic candidate for congress
stands, differ somewhat in the several
states, but are substantially, those of
the peoples party national platform as
adopted at Omaha, July 4, 1892.
ave meet says that platform, Gin
the midst of a nation brought to the
verge of moral, political and material
ruin" They assert that everything has
gone wrong.
For revenue purpose, they demand
an income tax.
They demand that all the currency
of the country shall be issued by the
general government without the use of
banking corporations; the same to be
distributed among the people at per
cent per annum rate of interest, &C
cordlng TO the sub-treasury plan OF
the farmers alliance.
They demand the free and unlimited
coinage of silver and gold at the ratio
OF 10 TO l, and an increase OF the clrcu-
latlng medium to $50 per capita.
The pOpulists claim to be the only
| genuine labor party. They favor the
government ownership OF railroads,
telegraph and telephone systems, and
that all lands held by corporations i'll
excess OF their actual needs shall be
taken back by the government.
Ihey say that the tariff question is
lmmaterlal ana Is blind, behind which
the old parties connlYe with capitalists,
corporations, trusts, etc, IN the oppres-
sion OF the people.
Inc Council Bluffs convention have
plank III Ihelr PLATFORM 1aVorlng ar
oltratloh' ana there are exceptions In
many places, out IN the MAN popullsts
are agreed IL the principles or the
oli"ha platlolh' Ihey all 1aVor the
government managing raiiroau, tele-
graph anu V0lephohe systems ana man
aging 'he banking business Oh the en-
Vic country
Lie populiSIS seheldLiy' lhoorSeo
0oAey anu Ills S''Oo'ooo'ooo loi gooo
ioauS, anu eAchal'seo compliments
n T n
WIN ooos DIV 'iio tinlo Vi 'lie ''liiiaii
s'iihe anu 'iio Nhlc"9o lloVs'
lhey are laolcaiS III 1he mosC ao-
'aneeo oeglee' Everything uohe III Inc
past ana everything exlstant, Is all
wrong
III any one advances q 1901 Scheme'
"iilcii ilo one enoo"eo Will BUSINESS
sense would ADOPT the popullSts stano
ieaoy W advocate IhaC Scheme as a
cure-all 1or every Ill III The universe.
Lie loea OF inc government issuing
money ana loahlhg IL 10 the people Is
wrong. Inc people must furnish
money Tor the government. Taxes are
leVled 1or support OF pubic works and
Tor the payment OF such things as are
entirely beyond and out of the reach of
private enterprise.
The notion OF the government going
into the loan business at 2 per cent
rate OF interest when that same gov
eminent has to borrow money at per
cent is another populist vagary. They
might as well adopt plank favoring
the supplying of groceries and meat to
people, by the government, and clamol
tor the demand with the same amount
of reason.
We do not believe that increase in
the amount of circulating medium will
make prosperity or increase the volume
of business. When the business done
in any country is such, that more OF
the circulating medium is necessary tt
carry on that business, then the medi
UNI will be augmented. Money, like
aOV com m OlitV Of trade ic rarulaf af
by the demand. When more of the ar
ticle is demanded to supply the trade
the supply will be increased. Activity
of business and that oIone pokee