The daily morning journal and courier., 1896-09-01

| WHICH provide TOT payment III diS HlS- dium more valuable than the depreciat- ed legal tender whici it proposes to establish.
 "We repudiate theiChicago platform because it proposes 10 substitute for our present standard of value which is equal to the best in the world an un- stable and depredated standard which has been rejected by every civilized and prosperous and commercial nation, and which would pvt us on monetary level with China Mexico and other countries where labor Is notoriously underpaid. The Chicago platform declares against gold monometallsm and advocates leg islation which must inevitably lead to silver monometallism, It advocates a monetary system which offers an unlim- ited field of speculation to the capital ist, but would materially reduce the purchasing power of every dollar paid to the wage-earner and punish honest thrift by depreciating the value of ev- cry savings bank deposit and every life insurance policy. It advocates liberal pensions and at the same time seeks Ito impair the value of every pension 1 paid by the government; 1t condemns the only method provided for keeping inviolate the national credit and favors a policy which must result in partial repudiation of the public debt; 1t dis approves of the issue of national bank notes secured by the pledge of gov ernment bonds and suggests no substi- tute therefor except unlimited paper money redeemable in debased and fiuc- tuating coin. It covertly attacks the l existing civil service laws upon the preservation and extension of which the efficiency of the public service depends. It contemptuously omits all reference to the administration of the only demo- crat who in this generation has had the presidential office and whose integ- rity of purpose and firm determination | to maintain the national honor have been acknowledged by all classes of his fellow citizens
 We heartily commend the admin istration of Grover Cleveland He has ben loyal to the principles of true de- mocracy. His atlministratio on has been efficient, honorable and economical He deserves the thanks of the whole peo- pie and has earned and will receive the praise of grateful people.
 we hold that it is the duty of the government of the United States>fn the exercise of its constitutional functions l in respect to coinage of currency to fol- low and not to force the preferences of the people. The gold standard is a monetary fact which cannot be chang ed by an act of congress In the face 1 of long continued existence of that Ifato unmistakable world wide selection of l gold preference to silver as none tary standard any attempt to tamper with that standard Is vicious in princi- l pie dishonest in practice, destructive 1 of confidence and thoroughly undemo- cratic. We are. therefore, In favor of 8 firm and unvarying maintenance of the present gold standard of value so long as that standard continues to be a monetary fact.
 We believe that the federal govern ment should be directly divorced from l the business of banking, and therefore demand the repeal of all laws authoriz- ing the issue of legal tender or treasury notes by the government or the re-issu- ing of such notes when they have once DCClA iEoGClllESt III 6OiQ. we ldNOI luG enactment by congress of such legisla- tion as will permit the establishment of a banking currency ample in volume for the needs of business, readily ad- justing itself to such needs, aboslute- ly secure In every contingency and at all times redeemable in gold.
 We are opposed to republican pro- | tection We recognize in protection, by which the federal power of taxation on imports is exercised for the benefit of class the mainstay of trusts, the parent of monopoly, the fruitful source of the present political dangers which threaten the nation. The silver agita- tion began with the efforts of the pro- ducers of silver to obtain a higher price for their product. and they have as much right to seek the interference of the government in their behalf {how- ever fruitless it may be) as have the manufacturers of steel or cottons The Bland-Alison act of 1873 and the so-called Sherman act of 1890 were measures largely designed to afford protection to the producers of silver; and the later act under which from 1890 | to 1893 the government of the United States purchased monthly 4,500 900 ounces Of silver nearly six tons daily, and issued treasury notes there for, so threatened the national credit and produced such distrust of the DOW CT of the government to maintain the standard value, that to it far more than to any other influence is due the busi- ness depression of the last three years and the consequent free silver agita- ton which finds in that depression it's only hope of success.
 We believe the enforcement of the civil service laws is essential to an effi- mess and we commend the extension of those laws by President Cleveland to the remainder of the unclassified service.
 "As democrats loyal to the mainte- nance Of the constitution and zealous in our support of the credit and honor of our country We cannot endorse the candidates nominated at Chicago nor the champion of republican prohibit tory protection nominated at St Louis.
 "We declare, therefore, that the ap- preaching convention at Indianapolis should nominate on a democratic plat form democratic candidates to whom we pledge our hearty support and we instruct our delegates to that conven- tion to use every effort to bring about such nominatins.
 White Squadron Of New London,
 Washington, Aug. 31.-The White