The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1896-09-10

ment as circumstances would permit,
and we cannot dispute the correctness
of the disposition taken BY them with
out expressing a distrust Of the people
themselves.
Economy.
Since governments exist for the pro.
lection Of the rights Of the people and
not for their spoliation, no expenditure /
Of public money can be justified unless
that expend turo is necessary for the /
honest. economical and efficient admin
istratiOn Of the government. In deter
mining what appropriations are neces- (
sary, the interest Of those who pay the
taxes should be consulted. rather than
those who receive or dis5urss public
monies.
honda
An increase In the bonded indebted
ness Of the United States az this time u
entirely without excuse The issue Of
interestbearing bonds within the past
few years has been defended on the
ground that they were necessary 20 Sc
cure gold with which 10 redeem United
States notes and treasury notes, but this
necessity was imaginary rather than
real. Instead II exercising the legal
right best IN tie United States 10 re-
deem is coin IA either gold or silver,
the executive branch Of the government
has followed a precedent established by
a former administration and surren-
dered the option TO the holder Of the
obligation. This administrative policy
leaves the government at the mercy Of
those who find n pecuniary profit in bond
issues. The fact that the dealers in
money and securities have been able to
deplete or protect the treasury accord
ing % the changing whims shows how
dangerous IL is TO permit them to exer-
else a controlling influence Of the treas
ury department. The government Of
the United States, when administered
in the interest Of all people il able to g.
tahlish and inforce its financial pol
icy not only without the aid
Of syndicates. but in spite OF any
opposition which yndicates may pre-
sent. To assert that the government
Is dependent upon the good viii or as
sistance Of any portion Of the people
other than a constitutional majority Is
90 ass rt that We have a government IN
form. but without u vital force.
National Hank Currency.
The position taken by the platform
against the issue Of paper money BY ma
tional bank is supported by the highesi
; Democratic authority. as well a. de
! mAnded by the interests Of the people
The present attempt Of the nAiionA
banks to force the retirement of Unite'
'tates notes and treasury notes In orde
:, secure a basis for a larger issue o
IA own notes illustrates the dauge
,-h;,l arises from permitting them 3
-. I. cir paper a. a circulating me
s,-- The national banknote, bein
-.a..n.,,A In lawful money, has ncve
Aoar hs,,cr han the United states mote
,vh,ch s,,u,A behind il, aud yet I'll
- -, tly demand that thes
1T-,,.a y,, s,.,es NO ,e'. which draw no in
,ore.t. shall give 7lace to interest eoal
ing bonds in order 'na' ,ns uShAs ma
So,,oC, the interest which the peop
now save. To ompOw> T national oAn'
10 issue circulating notA = Is 10 grant
valuable privilege to a 'a'Oleu o'as =,
surrender to private corr 'oFA''ons u
control over the volume Of p aper mon'
and build up class which W u claim
vostea right In the natioa's hnanoi
policy. Our United States nosas' cor
monty known as greenbacks' being :
deemahle in either gold or silver az q
option Of the government. and not
the option Of the no der. arc safer al
cheaper for the people than nation
banhnotos, based upon interest boaFii
honds
The Monroe Dertrine.
, A identified but arm maintenance
the foreign policy first 81 forth by fr'
!. idsnt Monroe aud reiterated by the pr'
iden,s who have succeeded him. ins'e
/, Of arousing hostility abroad Is the y
. guarantee Of amicable relations vi
o,hcr nations. It's better for all 90
ccmsd that the United States shor
resist any extension Of European
I. thority in the Western hemispn'
!. rather than invite tho continual irn'
h ton which would necessarily res
: from any attempt 60 increase the ini
euce Of monarchical institutions o.
|, that purtion Of the Americas which
!. been dedicated 10 repihhoan COVE
a mcnt
n Tension.
y No nation can afford 10 b. unius
ra iss defenders. The care Of those
Of have suffered injury In the military
n, naval service Of the counsry = ~
Iio duty. A natiun which. Ike the On
hi States. relies upon voluntary ses
rh rushrr than uron = iaFEe standing -