The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-07-21

| they will attempt to nominate
straiohtout Populists for the Presiden-
cy The financial and tariff planks
are:
FINANCE.
"Tirst-We demand a National cur
rency safe. sound. and flexible, is
sued by the @eneral government, as a
full legal tender for all debts, public
and private. and such National curren-
cy should be issued by the general gov
eminent only, direct without the inter
vention of any National bank, and
without the agency of any financial or
other corporation whatever.
''Second-We believe that the United
States is in fact free and indepen-
dent nation, and that its freedom and
the financial and industrial liberty
of its citizens should not be made to
depend upon the financial whim, ca
price. or averice of any foreign ma
ton: and, therefore. we demand the
free and unlimited coinage of gold and
silver by the government OF the Uni
ted States at the present legal ratio
of is to ]. without reference to the
action or financial course of any for
ely IL tdtiOlAs
'"Third-We demand that the laws
authorizing the incorporation of ma
tional banks be absolutely and uncon-
ditionally repealed, and that all Ma
tional banks and the National bank
ing system now in vogue be abolished.
"Fourth-We demand that Congress
enact a law which shall declare that
/ all contracts. obligations, and judg-
ments of every kind and character re-
| curing the payment of money, shall
| be PAYABLE at the option of the deb
! tor in gold or silver coin or other
| lawful currency Of the United States.
| and that such law shall declare that
| every provision inserted in or made
| n part of any such contract, obliga-
ton. or Judgment, which requires the
| debtor to pay the money due there
under in any specified kind of coin or
currency shall he null and void; and
the court in which suit may be
brought to obtain judgment in such
| contract. obligation. or judgment shall
| adiudge the proviso which requires the
| debtor to pay the sum due Hereunder
| in any specified kind OF coin or curren-
| CIV to be null and void.
| "Fifth-We demand that the amount
| of circulation medium be speedily in
| creased to not 1escs than $50 per CAPT
ia of the population.
"Sixth-We demand that the gov
eminent establish system of postal
| savings banks in each city, town, viii
lage, and hamlet of the United States
which contains a population of 1000
or more, and that the people be per-
mitted to desposit their money for safe
| keeping in such postal sayings banks,
and that the government carry on
the business of the transmitting OF
money from one point to another
through the medium Of postal bills OF
| exchange issued by authority Of the
government, through said postal saw
ings bank.
"Seventh-We demand that n law
| be passed by Congress authorizing the
| government to loan TO citizens of the
| United States, but not to aliens or
| corporations. money on all land and
| property to the extent Of two-thirds OF
the assessed value of said land and
| property, which said loans shall be
| secured by mortgage to the govern
ment, and should be made for pc
RODS of not less than five years nor
| more ltld1I Ten NFc'lD ~ cry C'AS 49,
| zen upon rate Of interest not to exceed
/ 2 per cent. per annum.
"Fighth-We demand that law be
| passed by Congress authorizing the
government to loan money to muni-
cipal corporations in the various
States for the purpose OF public i'm
| provement to the extent of one-third
Of the assessed valuation Of the taxa
bic property in such municipal cor
poration and the rate Of interest
charged should not exceed the actual
cost of issuing the loan, and all loans
so made should be paid to the govern
ment by the municipal corporation re-
ceiving the loan in annual install
ments, each installmen not to exceed
per cent of the sum loaned.
TARIFF.
eve recognize the government must
have revenue with which to pay the
| expenses thereof, but in view of the
constant agitation of the questions in
volved, in tariff legislation and the IN
settled condition of business brought
about by such agitation, we demand
that Congress pass law providing for
a non-partisan tariff commission, to