Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-09-10
BRYAx's LETTER.
Continued from page ~

taken by them without expressing a
distrust Of the people themselves
Since governments exist for the pro.
lection of the rights of the people, and
not for their spollation. no cxpendi.
lures of public money can be justified
unless that expenditure is necessary
for the honest, economical and efficient
administration of the government In
determining what appropriations are
necessary the interests of those who
pay the taxes should be consulted
rather than the wishes of those who
receive or disburse public monies.
An increase in the bonded debt Of the
| United States at 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 We're 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
| 10 redeem its bonds in either gold or
| silver. the executive branch Of the GOV
eminent has followed precedent es-
| tablished by a former administration
and surrendered the option to the
holder Of the obligations. This admin
istrative policy leaves the government
ut the mercy Of those who find pc
cuniary profit in bond issues. The fact
that the dealers in money and securi-
ties have been able 10 deplete or pro-
tect the treasury according To their
changing whims. shows how dangerous
/ ~ 10. ~
trolling interest over the treasury de-
partment.
Tho government Of the United States
when administered in the interest Of
al the people is able to establish and
maintain lis own financial policy. not
only without the aid Of syndicates. but
in spite Of any opposition which the
sEndicates may exert TO assert that
The government is dependent upon the
assistance or the good viii Of portion
of the people other than a constitu-
iunal majority is to assert that We
have government In form but without !
vital force.
The position taken by the platform |
against the issue of paper money by |
national banks is supported by The |
highest Democratic authority as We'll |
ass demanded by the interests Of the !
@Nl'i''p' ~ ~
"s' ."'laI naIsAS I" i"'ce 'he ietiieiiif'''
of United States coins and treasury /
notes in order to secure basis for !
larger issue of their own notes illus |
'aV@S tie uallset "hieh ARISES from
permitting them 10 issue their paper as
a circulating medium. The natl )nal |
bank note. being redeemable in lawful !
l"H'N' mas never "eeh heeler 'iaH the
i",H =" N i.",e iii-li 7t'.i',H
it'i'i a. an" W 'ile p'ii4hS '''' 9i9' e'l1i' /
manu- Ni."' '"0 49,
"'1i ~ " ~ ''"'- r fi%'
(" interest '''s' l'lE D,'''uS' =, "'uei 'ld
'i'' p"llN' "''S we -
""t'" 'Ne pe"i,'e ~" ~"
~
1...,o w !, ra,.o,..d rIays s,,,,..,da,. =,
private corporations the control over
he volume Of pauer money and build /
l- ,,-;-t Len .lai,, ,...+...t
"' NiaS9 " ''i' "a "''. .'''''''
interest IN Inc natlOnai llNancial pnlicN-
The United states notes commonly
.,., i.
no" q - r~''''''' ~
decmahie in either gold or silver at
ba a7,t5on nftnn holder are ga fen, and
49,, -. IL - ,har ,,,ti.,,a1
cheaper i"r the pe'ile NAah hat''ha
t,,,5s
r..., 49,. e.. $500. i,.. ..,,. 80 !
4 "iSHliieN Uul ~ ~ i"'''ll 'SIi''iio ~
h. foreign policy first set forth by
.t,r.,il.,,, ATcnr,,. ANA ,ait.r.atA3 Ia. Tho
49,
TltS4H"h'S Wh" nave SuUNNNd'u NM
instead of arouSing hostility abroad. is
~, I.et t.a,farnira IIaretat i,ns
=,
with other nations. ii Is better for all
- Il - "a ..sr1.