The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-06-25
NEW YORK SOLID FOR GOLD.
The Democratic Convention Declined
to Name Electors.

cratic State convention that convened
this morning and adjourned this af-
| ternoon has put itself on record ON
the financial platform and has selected
its delegates to the National conven-
| ton, but in doing these things it has
followed out the predictions of weeks
and has not created any sensation of
even mild surprise. 1t has declined
| to name electors, has not put itself
| ON record on any State issues and has
| left the selection of a State committee
until the next State convention.
| These things have all been done at
| the instance of the leaders and with
| the avowed purpose of placing the
| party in such a position that no matter
| what the platform of the National
| party is, it can be supported by the
| electors and the party in this State.
| The delegates-at-larg are as chosen:
| David b. Hill, Roswell p. Flower, Ed
| ward Murphy, Jr., Frederick II. Cou-
dert. Misunderstanding Robert
| Earl, Smith Nj. Weed, Jacob A. Cantor,
VIM. Purcell.
The platform was read by Senator
| Hill. a lengthy preamble sets forth
| that free coinage of silver by the
| United States alone "can have no
other effect than to change our present
| standard to one of silver-now a de-
preciated coin and to retard, perhaps
| destroy forever, the success of the
movement. now general throughout
civilized countries, for the restoration
| of free bi-metallic coinage in the prin-
cipal mints of the world. The pro-
position to separate ourselves from the
| great nations of the world and adopt
| the monetary standard of Mexico and
China does not comport with the
pride and financial dignity OF the State
of New York or the United States.
at should be resisted with the fer
vor of both craftsmanship and patriot
| ism by Democrats everywhere, when
| the adoption of such course
threatens, as it does, untold evils to
our nations commerce and industry"
For these reason, the platform con-
tinues, and with these convictions, the
Democrats of New York in convention
assembled, make the following declar-
alton of principles and appeal to the
| Democrats of other States to join them
in Incorporating these principles in
| the party platform to be adopted at
Chicago.
I'VE are in favor of gold and silver as
| the standard money of the country.
We are opposelas permanenttina
policy to gold recommendation on the
one hand, or to silver recommendation
on the other hand. The pledge contain
ed in the repeal of the Sherman law,
which repeating was done by Demo
cratic Congress, should he faithfully
| carried out, wherein it was declared
| that the efforts of the government
should be steadily directed TO the eS-
Establishment of such a safe system OF
bi-metallism as will maintain at all
| times the equal power of every dollar
coined or issued by the United States,
| in the markets, and in the payment Of
| debts
I'VE believe that such bi-metallism,
| to which the nation is solemnly pledg-
ed, can only be safely secured and per-
manentlv maintained through the ac-
| ton of the leading nations of the world.
Neither this coutry nor any other
country, independent and alone, is able
| to maintain it. and it would be folly TO
attempt it. Being so convinced, we are
| opposed to the free and unlimited coin
| age of silver in the absence of coop
| GRAFTON of other great nations.
| tempt on the part of the United States
alone to enter upon the experiment OF
| free silver coinage would not only
prove disastrous to our finances, but
would retard, or entirely prevent, the
| establishment of international BIZ
metallSm. Until international coop
GRAFTON for bimetallism can be secured
Ito which our efforts as a govern
| ment, and as a people, should be in
| good faith directed-we favor the
| rigid maintenance of the present gold
| standard as essential to the preserva-
| ton Of our National credit, the re-
| dempion of our public pledges and
| the keeping inyiolate, OF our countrY's
| honor We insist that all our paper
| and silver currency shall be kept alb
| solutely at a parity with gold.
-. The Democratic party has ever
| been, and still is, the hard money party,
and 1T viii preserve that record. 1t is
| opposed to legal tender paper money
| as part Of our permanent financial
| system, and it refuses to sanction any
| paper currency inconyertible with coin.
| The United States notes and Treasury
| notes, being in fact, debts of the gov
| eminent, should be gradually paid Off,
| and cancelled. This should and must
| be done in such a manner as to cause
NO contraction of the circulating
| money of the country. So long as they
exist, however, and are permitted to
| circulate as money, they should be re-
deemable at all times upon demand, in
| the standard money of the country.
THE Democratic party is pledged to
| the resolute maintenance of the public
| credit at all times, and under all cir
| cumstances, and 1T is, therefore, OPP
posed to the repeal of any existing stat
| ute which enables the Secretary of the
| Treasury, by the issue of bonds, or 9TH
erwise, to provide an adequate fund for
| the redemption ia gold of our paper
obligations whenever necessary
| In conclusion, the platform declares
| for tariff for revenue only, endorses
| the administration OF President Cleve-
| land, and particularly eommends him
sEfoT his determined efforts tn maintain