The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-08-17

The democrats OF Missouri in state conven-
tion assembled make the GLOWING declaration
on the monetary question, which has been
forced into the leading place among the issues
of the day:
The federal constitution names silver and
gold together as the money metals of the
United States.
The first coinage law passed by congress I'M
der the constitution made the silver dollar the
unit of value and admitted gold to free coinage
at a ratio measured by the silver dollar unit.
From the beginning Of the government, follow
ing 4 policy formulated by Thomas Jefferson
and firmly established by jackson. the demo-
cratic party has been the party of bimetalliSm,
favoring the free coinage OF both silver and
gold ut the national mints. and opposed to
farming out to banking corporations the gov
ernmCnt's sovereign power of issuing and con-
trolling the money of the people.
The act Of 1873 demOnetiZing silver vas sur
reptitiOuSly passed. without the approval or
knowledge of the American people. and from
the time when the effect Of this act in fasten-
ing upon the country the single gold standard
was understood the democratic party has con-
Sistently and persistently urged that the griey-
Gus wrong be righted.
Failure to accomplish this object has result
cd in the steady appreciation of gold, a corre-
spending falling in the prices OF commodities
produced by the people, a heavy increase in the
burden OF All ucDIN. pubic anu private, the en-
ichment Of the money-lending class. ~aralyza-
ton of industry and impoverishment of the
people and unexanpled distress in all gold
| standard countries.
Experience has shown that while under the
single gold standard there may be an occa-
Sioaal revival OF business activity, accom-
panied BY enhanced prices Of 4 limited num-
Der of commodities, such revival is due to arti-
fetal AID temporary causes. and can not per-
rDapaDt1y alleviate the SnFpriupS dino 70 fa11-
| ing prices brought about by the appreciation
Of gold and the inadequate supply OF primary
or redemption money.
Duty to the people requires that the party Of
the people continue the battle OF bimetalliSm
! until its efforts are crowned with success; now,
therefore. be it
RsSolrcd. That We. the democratic party Of
Missouri, in convention assembled. demand
the free and unlimited coinage of silver and
! gold into primary or redemption money at the
ratio of IL to 1 without waiting for the action
j or approval of any other nation: and
RssoIred. That we are irrevocably opposed
to the substitution for metallic money OF a
panic-breedin- corporation credit currency
! based on a single metal. the supply Of which is
! so limited that it can be co.nered at any time
| by a few banking institutions in Europe and
America.
ResoIred. That We arc opposed to the policy
ana practice Ol SuEEtHutEluS 70 the lO4uerS OF
the obligations OF the United States the option.
! reserved by the law to the government. of re-
deemlng such obligations in either silver coin
or gold coin.
RsSoiced. That we are opposed to the issuing
! Of inter est bearing bonds of the United States
in time Of peace. and especially are we opposed
TO piacjLS the treasury OF the government IN
der the control of any syndicate of bankers,
and the issuance OF bonds to be sold by them
at an enormous profit, FOR the purpose Of sup
plying the federal treasury with gold to main
tain the policy Of gold recommendation.