The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-08-16

n.~ 90 forward as one man with reso-
lutte purrose to rescue the oin par
founded BIZ Thomas Jefferson from piu,o-
cratic domination. Therefore. with THIS
ot,secs A, view. this convention Of Amer
frsu Democrats composed OF representa-
fsyes from fwenty-foar or the leading
states OF the Union, makes the foho~ihs
declaration on the money question, ~h'cn
has been forced into the leading place
among the issues OF today.
ssThe Federal constitution makes SILVER
and gold together the money metals Oh
the United states. The first coinage law
passed by congress under the constitn-
ston made the silver dollar the unit OF
value ard admitted gold 10 free colnaee
at a ratio measured By the silver 1oiaf
unit. From the beginning OF the govern
rnenf. following a policy formulated oy
THOMAS Jefferson and firmly established
by Jackson. the Democratic party has peen
ire nartv of bi-metaliism. fasor5ng the
free coinage of both silver ana goid al
fhe national minis, and opposed 10 fdrrn-
ing out to banking corporations the gov
ernnenf's sovereign power OF issuing and
controlling the money of the people. The
act of 1913 demoneslzlng silver was sur
renfItiously passed, without the approval
or knowledge of the American people,
and from the time when the effect OF TINS
act in fastening upon this country the
single gold standard was understood, the
Democratic party has consistently ana
persistently urged that the grievo'is wrong
.lstently urged that the grievous wrong
be rlgfted. Failure to accomplish TINS
object has resulted In the steady appre-
citation OF gold and a corresponding IAN
in the price of commodities produced ny
the people: heavy increase IN the our
Den of all debit. public and private the
enrichment OF the money-Ienfing class.
paraslles of industry. and the Empower
fshrneut of the people and unexampied
distress In all gold standard countries.
.srxperisnce has shown that while un-
der the single gold standard there may
be an occasional revival OF business ac-
tiyity, accompanied by enhanced prices OF
= limited number OF commodities. such
revival n due to artificial and temporary
canses. and cannot permanently alleviate
the susYerings due to the falling OFT OF
prices brought about b. the appreciation
of gold and the inadequate supply or pri-
mary or redemption money. The rights or
the American people. the interests OF
American labor and the prosperity OF
American industry have a higher claim
20 the consideration of the people and the
lawmakers than the greed or the foreign
creditors or the avaricious demands made
by Idle holders OF Idle capital. The right
70 regulate It's own monetary system IN
the interests of it's own people Is right
which no free government can barter. sell
~
OF evrey bond. of every contract and Of ev-
cry obligation no creditor or claimant
can Get up a right that can take prece-
dence over a nations obligations TO pro-
mote the welfare of the masses of It's own
people. This is debt higher ana more
binding than all other debts. and one that
n Is not only dishonest but reasonable
10 ignore. The land and It's products arc
tho basis of all development and pros
perity. The productive capacity OF .
country must be the basis of its credit.
In opposition to the policy of contrac-
flon. which must inevitably further de-
preeiate the value OF land and its pro-
ducts. We arc the supporters OF property
rights and sound credit. and stand be-
tween the homes of the people and the
red flag OF the auctioneer. The policy OF
gold mono metall!sm has been character
ized by repeated and disastrous financial
panics. The farmers have found their
prosperity and Independence constantly
waning under SIS blighting influence. Man
ufaciurers are interested to oppose 10, for
they find the prices of sales falling below
.he cos. Of production. Merchants should
oppose falling prices. for they are often
compelled TO sell for less than they paid
for manufactured goods. Neither manu-
facturer nor merchant can prosper UNI
less the mass OF tho consumers realize
such prices for their products and labor
as to supply themselves literally with the
necessities and IuSuries 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 h-metalism. Its
strength. power and popularity have been
largely built upon steadfast opposition to
the decentralization or silver and its re-
cord OF unwearied efforts to restore II 10
its historic place as a full money metal.
equal with gold. The effort at this late
day to make II par excellence the cham
pion of gosd recommendation is an effort
to dishonor its record. It's promises and
Its principles. The moment the Demo
cratic party is forced into this position Il
heaps obloduy on It's own past and crowns
its grea: adversary with glory and honor
DUTY to tie people requires that the
party of the people continue the battle
for hI-metallssm until it's efforts are
crowned with success. therefore be Il
Resolved. That tho Democratic party
In national convention assembled. should
demand the free and unlimited coinage OF
silver and gold into primary or redemp-
tion money ut the ratio OF te to I. without
waiting for the action or approval of any
other nation.
Resolved. That II should declare its
irreyoeahl. opposition to the substitution
for metallic currency OF paaic-hreeiiur
corporation credit. a currency based on
single metal supply which is so limited
that II can he cornored at any time BY a
few banking institutions in Europe and
America.
Resolved. That II should declare its
opposition TO the policy and practice OF
surrendering 10 holders OF the obligations
OF the United States the option reserved
by Law to the government OF redeemlng
such obligations I'm either silver coin or
gold coin
Resolved. That 1, should declare It's
opposition 10 issuing Understanding
bonds OF the United States I'm a time Of
peace. and especially 70 placing tho treas
ury OF the government under the control
of any syndicate NJ bankers. and tho is
suance OF bonds 10 he sold bv then, at an
enormous profit for the purpose Of supply
INK the FEDERAL tresusFy with gold 10
maintain the policy Of gold rnono-metal-
lsm
with view to occurring the adherence
10 and the read sptinn OF tho Democratic
financial policy above set forth hy tho
Democratic national convention to be as
semhiea IN tN@ and OF tho nomination OF
candidate for the presidency well Unknown
10 he in hearty sympathy herewith. we
hereby pledge our rutual cooperation
We urgently recommend to our Demo
cratic brethren In ell states To at once
begin. and vigorously aud systematically
prosecute the work o. thorough orEaniza-
ton. and 10 this end the adoption Of the
plan 81 organization herewith submitted
Is recommended.
The plan OF organization constitutes
Senator's Ishanl. Harris. Jones 81 Arkan-
sas. Tuvpie Of Indiana. Gov. Stone. Of
Missouri. W. II. Heiurichsen. Of Illinois
and Casey Young. Of Tennessee. an exe-i-
tive committee. and provides that they
shall appoint q national committee. con
ssting OF ono member from each state
aud territory. who shall proceed TO organ.
iEe the hi-me$aiiir forces. The report WAS
unanimously adCptcd