Pike County press. (Milford, Pa.) 1895-1925, 1896-09-18

l. LETTER OF THE DEMOCRATIC
PRESIDENTIAL NOMINEE.

BIillihen Reelected 20 Congress.
LINCOLN, Neb, Sept. 16.-Hon. VIII
liam J. Bryan formally accepted the Dem
Ooratio nomination for the presidency in
the following letter;
hon. Stephen NJ. White and others, Members
Of the Notification Committee OF the Demo
cratic National Convention:
GEETLEMEN-I accept the nomination ten
dered by You on behalf of the Democratic par
w. and in so doing desire TO assure you that
fully appreciate the high honor which such a
nomination confers and the grave responsible
tiles which accompany On election to the presi-
dency Of the United States So deeply am i'm
pressed with the magnitude Of the power
vested by the constitution I'm the chief execu-
tive Of the nation and with the enormous in
huence which he can WELD for the benefit or
injury of the people, that / wish TO enter the
office, II elected, free from every personal de-
sire except the desire TO prove worthy the
confidence of my country. Human Judgment
is fallihie enough when unbiased by selfish
considerations, and in order that l may not be
tempted TO use the patronage Of the office to
advance any personal ambition / hereby an
nounce with all the emphasis which words
can express, my fixed determination not under
any circumstances 10 be n candidate for re-
election in case this campaign results in my
election.
have carefully considered the platform
adopted by the Democratic national conven-
tion, and unqualifedly indorse each plank
thereof.
A democratic form of government is con.
ducive TO the highest civilization because II
opens before each individual the greatest OPP
portunities for development and stimulates to
the highest endeavor by insuring to each the
full enjoyment of all the rewards of toll ex
cept such contribution as is necessary TO sup
port the government which protects him.
s,s
with the individual rather than with his an
cestors. Democracy ignores differences in
wealth. Neither riches nor poverty can be in
volted in behalf Of or against any citizen. De-
mocracy knows no creed recognizing the
right Of each individual to worship God &C.
cording to the dictates Of his own conscience.
II welcomes all to a common brotherhood and
guarantees equal treatment to all, no matter
in what church or through what forms they
commune with their Creator,
A Dual Government.
Honest differences of opinion have ever ex-
listed and ever will exist as TO the most ef.
fective means Of securing domestic tranquil
iity, but no citizen fails TO recognize at all
times and under all circumstances the abso-
lutte necessity for the prompt and vigorous
enforcement Of law and the preservation OF
the public peace In government like ours
law is but the capitalization of the will of
the people. Without IL the citizen is neither
secure in the enjoyment of life and liberty
nor protected in the pursuit OF happiness
Without obedience to law government is inn
possible. The Democratic party is pledged TO
defend the constitution and enforce the laws
of the United States, and it is also pledged to
respect and preserve the dual scheme of gov.
ernment instituted by the founders of the re-
public The name United States was happily
chosen. Il combines the idea Of national
strength with the idea of local self government
and suggests "an indissoluble union Of indie
structible states. p" Our Revolutionary fathers,
fearing the tendencies toward Capitalization
as well as the dangers of disintegration
guarded against both, and national safety, as
well as domestic security, is TO be found in
the careful observance Of the limitations
which they impose. It will be noticed that
while the United States guarantees to every
state republican form of government aud
IS empowered to protect each state against
invasion, it is not authorized to interfere in
the domestic affairs of any state except upon
application of the legislature Of the state or
upon the application of the executive when
the legislature cannot convene.
This provision rests upon the sound theory
that the people of the state, acting through
their legally chosen representatives, are, be-
cause Of their more intimate acquaintance
with local conditions, better qualified than
the president to Judge of the necessity for
federal assistance Those who framed our
constitution wisely determined to make as
broad an application of the principles Of local
self government as circumstances would per-
init and we cannot dispute the correctness
of the position taken by them without express
ing distrust Of the people themselves.
Economy.
Since governments exist for the protection
of the rights of the people and not for their
spoliation, no expenditure of public money can
be justified unless that expenditure is neoes-
sary for the honest, economical and efficient
administration of the government. In de-
termining what appropriations are necessary
the interest of those who pay the taxes should
be consulted rather than the wishes Of those
who receive or disburse public moneys.
Bonds
An increase in the bonded debt of the Unit
ed States at this time is entirely without ex.
cuse. The issue Of interest bearing bonds
within the last few years has been defended on
the ground that they were necessary TO secure
gold with which TO redeem United States notes
and treasury notes. but this necessity has
been imaginary rather than real. Instead of
exercising the legal right vested In the United
states to redeem its coin in either gold or sill
YER the executive branch of the government
has followed a precedent established by a
former administration and surrendered the
option to the holder of the obligations This
administrative policy leaves the government
at the mercy Of those who find a pecuniary
profit in bond issues. The fact that the deal
ers in money and securities have been able 10
deplete or protect the treasury according 70
the changing whims shows how dangerous IL
is to permit them to exercise a controlling in.
huence upon the treasury department The
government Of the United States when admin.
istered in the interests of all the people is able
to establish and enforce its financial policy NOT
only without the aid of syndicates, but in spite
OF any opposition which syndicates may pre-
sent. To assert that the government Is depend.
ent upon the good will or assistance OF any
portion of the people other than q eOnstitn-
tionAl majority is to assert that we have a
government in form, hut without vital force
National Bank Currency.
The position taken by the platform against
the issue OF paper money by national banks Ia
supported by the highest Democratic authori-
ty, as well a. demanded by the interests Of
tbs people. The present attempt Of the ma
ttonal banks to force the retirement of United
States notes and treasury notes, IN order to Sc
cure basis for a larger issue Of their own
notes, illustrates the danger which arises
from permitting them to issue their paper as
a circulating medium. The national bank
note, being redeemable IN lawful money. has
never been better than the United States note
which stands behind II. and yet the banks per.
siHtently demand that these United States
notes, which draw no interest, shall give
place to interest bearing bonds, In order that
the banks may collect the interest which the
people now save.
To empower national banks to issue circu-
lating notes Is TO grant a valuable privilege 10
a favored class, surrender 10 private corpora.
tinns the control over the volume Of paper
money, and build mp class which viii claim
vested interest In the nations financial policy.
OuF United States notes, commonly known as
sreenbacka, being redeemRble in either gold
or silver at the option Of ths government and
not at the option Of the holder, arc safer and
cheaper for the people than national bank
notes based upon interest bearing bonds.
"A diRnihed but firm maintenance Of the for
eign policy first set forth by President Mon
roc and reiterated by the presidents who have
aucoeeded him. Instead Of arousing hostility