Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-09-17

reH&NhN The name, United States,
was happily chosen. 1t cnmhinoa the
idea If national strength with the idea
Of l"rHl self guNerNmcut and suggests
IAN NdjsSoluhle union Of indestrurt-
Hole states
'Nu" revolutionary fathers, fCarjOG
the tendencies toward Capitalization as
wei 8 the dangers Of disiAtegratioN,
EG", .r3 &G2jUst NG:N, rUd national
SatvN as we'll u, domestic security, is
To lie ",u1d in the careful observance
OF NE limitations which they impose.
II WI be noticed that while the United
States guarantees 10 cNvly state y re
publican form ot government, and IS
empowered 10 protect each state against
INVASION, it is not authorized to tuter-
ttre IN the domestic affairs Of amy
state except uron application Of he
legislature Of the StAtc, or upon the ap-
pUcaltou OF the executive when the
legislature cannot hc tNuNeucd.
Thus provision rests upon the sound
theory that the pr>oplc Of the state, act.
ins trough thci: leEally chosen rep
resrnt2tNes, arc because of their
| mur2 intimate acquaintance With local
| conditions, better qualified than the
president to Judge ol the necessity for
tCdvIal assistance. Those who
framed our constitution wisely deter
| mjurl to make as broad an application
Of the principles Of local seH-gnvern-
| meut Il. circumstances would permit
of the position taken Ivy them Without
| expressing Il distrust OF the peop'e
! themselves.
"Sjucr governments exist for the
protection of the rights of the people
| and Not Tor their spoilation, nc cNpcn-
| diurr Of public money can be justified
| unless the expenditure is necessary tor
| the honest, economical aud efficient
| admir- lstration OF the governments In
determining what appropriations are
| necessary the interest of those who
| pay thu taxes should be consulted
rather jhar the wishes of those who re
criyr or dishursc public moneys
Am increase in the bonded debt of
the United States IT this time Is en-
troly without excuse. The issue Of IN
trleSt bearing bonds with in the last
| few Years haS been defended Lon tn
ground that they were necessary To ne
| cure cold With which to redeem United
| States aud treasury notes, but this ne
| rcsstly WAS imaginary rather than lrnl
| Instead of exercising the legal right
| vested in the United states to redeem
| its noin in either gold or silver the
executive branch Of the government
| las followed precedent established by
Il former administration and surrrn-
| dercI thc option to the holder of the
| Obligations. This administrative pol
| ley leaves the government at the NOR
| cy of those who find n pecuniary pruht
| in bond issues. Tn, fact that the
dealers in money and securities have
| been able to deplete or protect the
| the treasury according to the changing
| whims, shows how dangerous II is to
| hermit them to exercise controlling
| influence Of the treasury department.
| 70 assert that the government IL lie.
| pendent upon the good will or assist
| ance Of any portion Of the people other
! than a constitutional majority is to
, assert that we have government III
| form, but without vital force,
The position taken by the platform
against the issue of paper money by
national banks is supported 10y the
| highest democratic authority, as well
! as demanded by tn" interests of the
| pople. The pre- ent at tmpt of the
national banks to force the retirement
| of United States notes and treasury
notes In order to sccurc basis for a
| larger issue Of their own notes Illus
| trates the danger which arises from
| permitting them to issue their paper as
! circulating medium. The national
| bank notes, being rodecmGble In lawful
money, have ncye" been better thaa the
! United States note which stands behind
| them and yet the banks persist"ntly
demand that thapa United States not g.
! hich draw no interest, shall give
! place to interest bearing bonds III or.
der that the banks may collect the in
terest which the people now save To
/ tIDIoh'l Ihllpli'Li DfillhH U iH'h' N'''-'
lating notes Is to grant yaluabl" PRIV
| ilege to favored class, surrender 10
private corporations the control over
! The volume of money and build up a
! class which will claim vested inter
est in the nations financial policy. our
United States notes. commonly known
as green backs, being redeemable in
either gold or silver at the option of
the government and moi at the option
/ Of the holder, ere safer and cheaper for
; the people than national bank notes
I based upon interest bearing bends,
"A digpifcd but firm maintenance Of
the foreign policy first set forth by
1 President Monroe and reiterated by the
presidents who have succeeded him, in
stead OF arousing hostility abroad III
the best guarantee Of amicable rela-
lions with other nations. 1t Is better
for all concerned that the United
States should resist any extension f
European authority In the western
hemisphere rather than invite the con
tinuai irritation which wound necessaf