St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-24
POPULIST ILLUMINATION.
THE WHEEL CROWD PASS THE USUAL
SET or RESOLUTIONS.
OLD PARTIES WELL ROASTED.

Issue OF Bonds Characterized as
an Act of Treason They Say
the Plundered People Cry Out
Against Capital, Corporations,
Banks, Trusts, Watered Stock
and Oppression of the Usurers.
ST. LOUIS, Mo-. Feb. 23.-The ma
tional central committee of the Populist
party, which has b9en in secret session
here the past two days, Chairman ID. +.
Taubeneck presiolng, concluded its
work this afternoon, and issued the
following address as the result of its
deliberations: The union of the leaders
of the old parties under Grover Steve
and John Sherman have forced down
the volume of the circulating medium
to the single gold standard, thereby
enhancing the purchasing power of
money and depreciating the price of
all the products Of labor, as we'll as the
earnings of wage workers. The power
acquired by the campaign promises of
the Democratic and Republican parties
to restore silver to the place it occupied
as money metal previous to the crime
of 1878 has been used to cOnsummate
that iniquity. The tactics of deceiving
the people by sham issues, which have
been so successful in the past, will be
employed to maintain the gold standard
and retire greenbacks. The British
policy of single gold standard system
of finance is contrary to every principle
of American independence: therefore,
we are opposed to any international
conference with foreign nations to reg
ulate the financial policy Of this country,
but favor financial system that it
DISTINCTIVELY AMERICAN.
The success of the Deno-Republiean
financial policy enslaves producers to
reward absOrbers Of wealth. The issue
is made by the declaration in the Omaha
platform in favor of free coinage of
gold and silver at the ratio of 16 to
and the issuance of standard money
exclusively by the government without
the intervention of banks. The success
of the money power against the people
can only be secured by multiplying
issues with which the Democratic and
Republican wings of the gold cOmbina-
ton can avoid submitting the question
of money contraction to vote of the
people. Other reforms demanded by
the Omaha platform are not less mer-
itoriouS because the old parties have
thrown off the mask and made known
their purpose to enSiave the people by
money contraction. A declaration in
| favor of the free and unlimited coinage
| of both gold and silver at the ratio of
| 16 to l and the direct issue by the GOV
erument of legal tender standard paper
| money, redeem able in debts and taxes
and of snfficientS volume to meet the
| legitimate demands of our growing
| population and increases ins business,
| and which shall be sufficient to restore
and maintain stability and general
prices, would meet the issues presented
| by the
GOLD COMBINATION.
The object of that combination Is the
| maintenance of the gold standard adOp-
| ted at the extra session of congress, the
| increase of bonded debt, the retirement
of the legal tender money issue by the
government. and the surrender to pri-
vate corporations Of the power and duty
! of the government to regulate the Cir
| culating medium and maintain its
| stability. Both the old parties will pre-
| during the campaign that they are in
favor of the policy of money contrac-
| ton which, by their united action, they
| have pursued for the last twenty years !;
| aud they will be for once against any
1 and all issues which they suppose will
! give them the most votes. But when
| they secure the power, they will use it
| in the future as they have in the past,
| in the interest of the gold combination.
| We denounce the issue of bonds in
time of peace, as an act of treason
/ history of civilized government.
! They purpose to drown the Outcries of
a plundered people with sham battle
| over the tariff, so that capitalists, cor
/ porationS, national banks, rings, trusts,
! watered stock, the demonetlZaLiOn of
| silver and the oppression of usurers
may not be lost. They propose to sacri-
| flee our homes, wives and children on
! the altar of mammon; to destroy the
! multitude in order to secure corruption
/ from the miilionaires. The national
committee claims
NO RIGHT TO DICTATE
| to the different states or congressional
districts as to the details OF their plat
| forms within the bounds of the funda-
! mental principles of the Omaha plat
form, and we call upon all patriotic,
| liberty-loving citizens to unite with us
In this effort 10 hold the rights Of Amer
lcan freeman from Industrial slavery.
The following resolutions were also
/ adopted:
Whereas, The so-called Wilson bill
fails to provide sufficient revenue to
/ defray the legitimate expenses for the
/. government, and thereby creates de-
!. ticiency. of which the administration
i will take advantage to issue interest
bearing bonds to saddle the overbur-
dens upon future generations and fur
ther perpetuate the national banking
/ monopoly of the country; and
Whereas. 1t discriminates against the
producers of raw materials in the South
and West and protects the monopolists
of the West; therefore be it
Resolved, That it is the sense of the
national committee of the People,:
party that the people shall. by senator:
and representatives, vote against the
passage of said bill, unless it provide:
for said deficiency by an income tax
and further
| Resolved. That they be requested Il
| vote against said bill if said deficiency il
to be supplied by the issuance of inter
/ est-bearing bonds.
Democratic Caucus.