The Union times. [volume] (Union, S.C.) 1894-1918, 1896-09-18
tic security, Is to he found in tho care.

Suey IMPOSE. III VIII % noticed that
while the United States guarantees
every State form OF government and
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
application of the Executive when the
Legislature canuot beconveped. This
provision rests upon the sound theory
that the people of the State, acting
through their legally chosen represen-
tatlves, are, because OF their most IN.
innate acquaintance with local condi-
tions, better qualified than President
to Judge of the necessity for Federal
Interference. Those who. framed our
constitution wisely determined to
make as broad an application of the
principles of local self government as
circumstances would permit and we
cannot dispute the correctness of the
position taken by them without ex-
pressing distrust of the people them
selves.
ECoNoMY.-Since governments exist
for the protection of the rights of the
people and not for their spoilatiou, no
expenditure of public money can be
justified. unless that expenditure is
necessary for the honest, economical
administration OF the government. In
determining what appropri ations are
necessary tho interests of those who
pay the taxes should be consulted
rather than the wishes of those who
receive or disburse public money.
81
debt of tho United States ut this time
is entirely without excuse. 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 exercis-
ing the legal right vested in the United
States to redeem its bonds in either
gold or silver, tho executive branch of
the government has followed prece-
dent established by a former admins
tration and surrendered the option to
the holders ot the obligations. This
administrative policy leaves the gov
ernment at the mercy of those who
NA" PSSuhAo'y Phoh1 Ill Oouu ID
sues. The fact that the dealers in
money and securities have been able to
deplete or protect the treasury accord
ing to their changing whims shows
how dangerous it is to permit them to
exercise controlling influence over
the Treasury Department. The gov
ernment of the United States when ad-
ministered in the interest of all the
people is to establish and maintain its
own tinanciul policy, not only without
the aid OF any syndicates, but in spite
of any opposition which the syndicates
may exert. To assert that the govern
:usnt Is dependent upon the assistance
or gool will of q portion of the people
other than constitutional majority, is
to assert that we have a government in
form. but without vital force.
NATIONAL BANK CURRENCY-The POSITION
taken ~ the platform against the issue Of
paper money by national banks is supported
by the highest Democratic authority, as we'll
rs demanded by the interests Of the people.
The present attempt OF the nationS banks to
force the retirement OF United States notes
and Treasury notes in order to secure q
basis for n larger issue OF their own notes IL
lus.rates the danger which arises from per-
mitting them to issue their paper as q crcu-
inting medium. The national bank note be-
ing redecmnbc in lawful money, has never
been better than the United States note,
which stands behind Il and yet the banks per-
sistcntly demand that these United States
notes, which draw no interest. shall give
place to Understanding bonds, in order that
the banks may collect the interest which the
people now save. To empower national
banks to issue circulating notes is to grant n
valuable privilege to favored class, surren-
der to private corporations the control over
the volume oil paper money, and build up
class which will claim vested interest In the
national financial policy.
The United states notes. commonly known
as Greenbacks, being redeemable in either
gold or silver, at the option Of the govern
mcnt and not mt tho option of the holder, are
safer and cheaper for the people than the ma
tlonal bank notes, based upon interest-bear-
ing bonds.
The MONROE DoCrRINE.-A diSnincd, but
frm, maintenance of the foreign policy first
set forth 10y President Monroe and reiterated
by the Presidents who have succeeded him.
instead of arousinS hostility abroad is the
best guarantee OF amicablr relations with
other nations. 1t j. better for all concerned
that the nitcd States should resist any eX-
tension OF European authority in the West
crh hemisphere rather than invite the con-
tinucd irritation which would necessarily re-
suit from any attempt to increase the influ-
cnco OF monarchical institutions over that
portion Of the Americas which has been ded-
icated to republican government.
PENsIoNs.-No nation can afford to be un-
just to its defenders. The care OF those who
have suffered In the military and naval SER
vice OF the country Is n 5acred duty. A ma
ton, which. like the United States, relies
upon volunteer service rather than upon a
large standing army, adds to its own sccuri-
ty when 1t makes generous provision for
those who hav" riskrd their lives in its de-
fcnsc. aud for those who are dependent upon
them.
TIE PRODUCERS OF WEALTH--Labor
creates capital. Until wealth is produced ty
Application at brain and muscle to the re-
sources OF this country, there IS nothing to
divide among the non producing classes OF
society. Since tho products o: wealth create
tn" nations prosperity. ia time Of peace and
defend the nations flag in time OF peril. their
intnrrsts Olght Mt all times To be- cnnsidcrnl