Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-07-17

DEMOCRACY'S DECLARATIONS
Complete and Carefully Revised Text
of the Democratic Platform
Adopted at Chicago.
FREE SILVER COINAGE MADE PARAMOUNT
A Tariff for Revenue, Ajusted to Avoid
Discrimination Against Producers
ofRaw Materials, Favored-In-
come Tax Pronounced Just
Statehood Plank.
FREE SILVER COINAGE MADE PARAMOUNT

freedom of conscience, preservation of
personal rights, equality of all citizens
before the law, and the faithful observ-
ance of constitutional limitations. The
constitution of the United States guar
antees to every citizen the rights of civil
and religious liberty. The Dem ocratic
party has always been the exponent of
political liberty and religious freedom,
and it renews its obligations and reaf-
firms it's devotion to these fundamental
principles of the constitution.
During all these years the Democratic
party has resisted the tendency of selfish
interests to Capitalization of govern
mental power, and has steadfastly main
tanned the integrity of the dual scheme of
government as established by the found
ers of this republic of republics. Under
its guidance and teachings the great
principle of local self government has
found best expression in the mainte-
nance of the rights of the states and in its
assertion of the necessity of combining the
general government to the exercise of
the powers granted by the constitu-
ton of the United States.
FREE COINAGE.
Recognizing that money question is
param cunt to all others at this time, we
invite attention to the fact that the fed
eral constitution names silver and gold
together as the money metals OF the
United States, and that the first coinage
law passed by congress under the consti-
tuition made the silver dollar the none
tary unit and admitted gold to free coin
age at a ratio based upon the silver unit.
We declare that the act of 1873, de-
monetizing silver without the knowledge
or approval of the American people, has
resulted in the appreciation Of gold and
corresponding fall in the prices of CON-
modities produced by the people,
heavy increase in the burden of taxation
ard Of all debts public and private, the
enrichment of the money lending class at
home and abroad, the prostitution of in.
dustry and impoverishment of the peo-
pie. We are unalterably opposed to
monometallism, which has locked fast
the prosperity of an industrial people in
the paralysis of hard times. Gold mono
metallism is British policy, and it's
adoption has brought other nations into
financial servitude to London. Itisnot
only un-American, but anti-American,
and it can he fastened on the United
States only by the sitting Of that spirit
and love of liberty which proclaimed our
political independence IN l776 and won
it in the war of the revolution.
We demand the free and unlimited
coinage of both gold and silver at the
present legal ratio of 16 to l without
waiting for the aid or consent of any
other nation. We demand that the stand
ard silver dollar shall be full legal tender
equally with gold for all debts, pub
lie and private, and we favor such legisla-
ton as will prevent for the future the
demonstration of any kind of legal
tender money by private contract.
BOND DEALS.
We are opposed to the policy and prac-
tice of surrendering to the holders of the
obligations of the United States the OPP
ton, reserved by law to the government,
of redeeming such obligations in either
silver coin or gold coin.
We are opposed to the issuing of inter
est bearing BONDS of the United States In
time of peace, and condemn trafficing
with banking syndicates which, in ex-
change for bonds at an enormous profit
to themselves, supply the federal treas
ury with gold to maintain tho policy OF
gold monometallism.
NATIONAL BANKS.
Congress alone has the power to coin
and issue money, and President Jackson
declared that this power could not be
delegated to corporations or individuals
We, therefore, denounce the issuance OF
notes as money for national banks as in
derogation of the constitution, and We
demand that all paper which is made
legal tender for public and private debts
or which ia receivable for dues to the
United States, shall be issued by the gov.
eminent of the United States and shall be
redeemable in coin.
THE TARIFF.
We favor tariff for revenue sufficient
to defray the necessary expenses of the
government, economically administered
and 30 adjusted as not to discriminate
against industries of any section, and
especially the raw materials of the soutt
and west, including their wool, hides
sheep, cattle and other live stock interests
We denounce as disturbing to business
the Republican threat to restore the Nc
Kinley law which has been twice con
demned by the people in national cleo
tions, and which, enacted under the false
plea Of protection to home industry
proved a prolific breeder of trusts ant
monopolies, enriched the few at tn,
expense of the many, restricted trade ant
deprived the producers of the grea
American staples of access to thei
natural markets. Until the money ques
tion is settled, we are opposed to an.
agitation for further changes in our tariff
laws except such as are necessary Il
meet the deficit In the revenue caused b,
the adverse decision Of the supreme cour
on the income tax Lawn
INCOME TAX.
But for this decision BY the suprem
court there would be NO deficit in ia
revenue under the law passed by Demo
cratic congress, in strict pursuance Of tn
uniform decisions OF that court for near
| ~ 100 years, and that court havinf
10 that decision sustained constitu
tional objections to its enactment whic
had been overruled by the ablest Judge
who have ever sat ON that bench. w
declare that it 10 the duty Of congress- I,
use all the constitutional power which re
mains after that decision or which ma
come from its reversal by the court, az i
may hereafter be constituted, so that tn
burdens Of taxation may be equally an,
impartially aided, to the end tina
wealth may bear It's due proportion o
the expenses OF the government.
ADMIRATION.
We are In favor Of arbitration Of dill
ferences between employers engaged Il
inter. state commerce and their em ployet
and recommend such legislation az
necessary to Garry out this principle.
RHsTaICTIN0 MITIGATION.
l We hold that the most efficient way O
protesting American labor 10 TO proven
the importation Of foreign pauper labo
TO com pete with IL in the home marke,