The herald., 1895-08-16

tlOn mauc tU6 SllvtT thC tiit Oh
value and admitted gold to free coinage
at ratio measured by the silver dollar
unit.
From the beginning OF the COVE rnment
following policy formul ated by Thomas
Jefferson and firmly established BY jack
son, the Democratic party has been the
party of bimetallsm, favoring the Tree
coinage of both gold and silver at the
national mints, anu opposed . to farming
out to banking corporations the govern
ment's sovereign power OF issuing ana
controlling the money of the people.
The act of 1873 demonetizing silver was
surreptitiously passed without the ap-
proval or knowledge OF the American
people and from the time when the effort
OF this act in fastening upon this coun-
try the single gold standard was under
stood, the Democratic party has consist
emily and persistently urged that the
grevious wrong be righted. -4,aa
Failure to accomplish this object has
resulted in the steady appreciation OF
gold and corresponding fall in the price
of commodities produced by the people.
A heavy increase in the burden of all
debts, public and private; the enrlcn-
ment of the money lending class. para.
sites of industry. and the impoverish-
rnent of the people and unexanlpled dis.
tress in all gold standard countries. Ex-
perience has shown that while under the
casional revival of business activity; ac-
companied by enhanced prices of lin
tied mum Der of comm odities such revi-
val is due to artificial and temporary
causes. and cannot permanently alleviate
the sufferings due to the falling OIL OF
prices brought about by the appreciation
of gold and the inadequate supply OF pri-
mary or redemption money.
The rights of the American people. the
interests of American labor and the pros.
perity of American industry have high
er claim to the consideratin of the people
and the law makers than the greed OF
foreign creditors or the avaricious de-
man Is made by idle holders of idle
capital" The right to regulate Its own
monetary system in the interests OF its
own people is a right which no free gov
ernment oan barter. sell or surrender.
This reserved right is part OF every
bond. OF every contract and OF every obli-
CATION. No creditor or claimant can set
up right that can take precedence over
a nations obligation to promote the well
fare of the masses OF its own people.
This is debt higher and more binding
than all other debts, and one that 1T is
not only dishonest but reasonable to ig
more.
The land and its products are the basis
of all development and prosperity. The
productive capacity of a country must be
Lut UtslS VI It's CEctlts Ia OPpooiHS WV
policy of contraction. which must newt
ably further depreciate the value of land
and its products, we are the supporters
of property rights and sound credit, and
stand between the homes and estates OF
the people and the red flag of the auc-
tiOneer.
The policy of gold monom metallism has
been characterized by repeated and dis
astrous financial ranics. The farmers
have found their prosperity and indepen-
dence constantly.waningu under its blight
ing influence. Manufacturers are inter-
ested to oppose it, for they find the prices
of sales falling below the cost OF produc-
tion. Merchants should oppose. tor with
falling prices they are often compelled to
sell for less than they paid for manufac-
tured goods. Neither manufacturer nor
merchant can prosper unless the mass of
consumers realize such prices for their
product and labor as to supply themselves
literally with the necessities and luxuries
of life. Nor can the wage Garner prosper.
for there is less and less competition for
his labor.
The Democratic party is the traditional
friend and champion of bimetallism. Its
strength, mower and popularity has been
largely built upon its steaGfast opposition
to the characterization of silver and its
record of unwearied effort to restore it
to its historic place as full money met
al, equal Will ROlu. Hc cllOI1 db bulo
late day to maze il par excellence the
champion of gold monometallism is an
effort to dishonor It's record its promises
and its principles. The moment the DEM
ocratlc party is forced into this position
1T heaps obioquy on its own past.
The part of the report dealing with the
plan of organization was read by ex-
Senator Jarvis of North Carolina, and is
as follows:
tBelieving that large majority of the
Democratic voters of the United States
are in harmony with the sentiments ex-
pressed in the foregoing address. and
knowing that a full and free expression
of their views can only be ascertaned
and made effective through proper organ
lied efforts, we recommend the follow
ing as plan for organization:
tirst-There shall be a national COM
mittee of Dem ocrats who are in favor of
both silver and golu as the m'ney of the
constitution, which will be composed of
one Democrat from each state and terri
tory and the District of Columbia and the
executive committee hereinafter provided
for.
Second That until otherwise ordered
by the national committee, Senators |.
G. Harris of Tennessee, James r. Jones
OF Arkansas and David Turpie of Indiana
and Hons. w. J. Stone of Missouri, W. H.
Hinrichsen of Illinios and Casey Young
OF tennessee, be, ana lney are hereby
constituted the executive committee and
shall have full power and authority and
it shall be their duty at as early a
day as possible to appoint the mem bers
of the national committee herein pro-
vided for and to ill vacancies in the
same.
"Third-That said national committee
shall have full controI and direction OF
tho patriotic efforts of the bmetallic
Democracy of the nation to secure in he
next national convention the mainten-
ance of time-honored principles and poll
cles of the Democratic party ana when
the national committee herein provided
for is not in session. the legislative COM
mittee shall 5have all the authority and
discharge all the duties herein conferred
upon the nation al committee.
"Fourth-lt shall be the duty of the
members OF the national committeeman
from each state Immediately after his ap-
pointment to take such steps as he may
deem best to organize the bimetallic forces
OF his state and it is earnestly recon-
mcnded that in each county an election
precinct Of each state metallic clubs be
org anized and for this purpose he may ap-
point slch committees and subcommittee
and canvas sers as he may deem best.
"Fifth-That fully recognizing the fact
that this nor any other plan for organi-
2ation can be successfully carried out
without the hearty co. operation of the
voters themselves we urge upon every
voter in every State in the union who is