Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-07-21
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.

cd since JeUer6Ol'b G1n6 TO our OWL
freedom of speech, freedom of the press
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 Democratic
party has always been the exponent Of
political liberty and religious freedom
and it renews its obligations and reaf
firms its devotion to these Fundamental
principles of the constitution.
During all these years the Democratic
party has resisted the tendency of selfst
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 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
paramount 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 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
a corresponding fall in the prices of CON-
modities produced by the people, a
heavy increase in the burden of taxation
ard of all debts public and private, the
enrichment of the money lending class al
home and abroad, the prostration 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. tits NOT
only un.American, but anti.American
and it can be fastened on the United
States only by the sitting of that spirit
and love Of liberty which proclaimed our
political independence In 1776 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
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
characterization 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 op.
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 bones 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, deuounce the issuance oil
notes as money for national banks as il
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 bt
redeemsble in coin.
THE TARIFF.
We favo. tariff for revenue sufficient
to defray the necessary expenses OF thu
government, economically administered
and so adjusted as not to discriminate
against industries of any section, ant
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 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
ton Is settled, We are opposed to an,
agitation for further changes in our tarif
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 law.
INCOME TAX.
But for this decision BY the suprem
court there would De no deficit in tn
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 having
In that decision sustained oonstitu
tional OBJ jeotions to its enactment whicl
had been overruled by the ablest Judge
who have ever sat on that bench. w,
declare that it is the duty of congress {,
use all the constitutional power which re
mains after that decision or which ma,
come from It's reversal by the court, as i
may hereafter be constituted, 80 that tn,
burdens OF taxation may be equally ant
limpartially aided, to the end tina
wealth may bear its due proportion o
the expenses OF the government.
ARBrTIATloN.
We are in favor Of arbitration of diff
ferenoes between employers engaged Ii
Interstate commerce and their EN- ployee
and recommend such legislation as i
necessary to carry out this principle.
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