Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-07-16
A Tariff for Revenue, Ajusted to Avoid
Discrimination Against Producers
ofRaw Materials, Favored-ln-
come Tax Pronounced Just
Statehood Plank.

and it renews its obligations ana rear.
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 mantle
nance of the rights of the states and lnits
assertion of the necessity of continlng the
general government to the exercise OF
the powers granted by the constitu-
tion 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 led
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 consul
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-
monetizinr silver without the knowledge
or approval of the American people, mas
resulted in the appreciation OF gola ana
a corresponding fall in the prices OF com
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 prostration OF IN
dustry and impoverishment of the peo-
ple. 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 its
adoption has brought other nations into
financial servitude to London. ltisnot
only un-American, but antl.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 wor
il in the war Of the revolution.
We demand the free and unlimited
: coinage of both gold and silver at tint
present legal ratio of 16 to ! w,tnou
waiting for the aid or consent OF any
r other nation. We demand that the stand
! ard silver dollar shall be full legal tende
I equally with gold for all debts, pub
lie and private, and we favor such leglsia
B, tion az will prevent for the future tn
a demonstration of any kind OF lega
tender money by private contract.
Q BOND DEALS.
8 We are opposed to the policy and prac
: tice of surrendering to the holders of tn
obligations of the United States the op
ton, reserved by law to the government
g of redeeming such obligations in elthe
IS silver coin or gold coin.
"a We are opposed to the issuing OF inter
est bearing bonds OF the United STATES
y time of peace, and condemn trahicln
o with banking syndicates which, In 81
+. change for bonds at an enormous prom
TO themselves, supply the federal treas
= nrv with gold to maintain the policy Q
'e gold monometallism.
II NATIONAL BANKS.
k Congress alone has the power TO col
r. and issue money, and President Jackso
declared that this power could not :
~ delegated to corporations or individual
% We, therefore, denounce the issuance
vs otes az money for national banks as
III deropation of the constitution, and y
\ demand that all paper which is mac
:" legal tender for public and private debt
or which is receivable for dues to Il
United States, shall be issued by the go
IT, eminent of the United States and shall
redeemable in coin.
". THE TARIFF. e
We favor tariff for revenue sufficle
to defray the necessary expenses OF
~ government, economically adminlstert
and so ad iusted as not to discrlmlna
an against industries Of any section, a
especially the raw materials of the sou
no. and west, including their wool, hid
We sheep, cattle and other live stock interes
nd We denounce as disturbing to busine
~ the Republican threat to restore the n
Kinley law which has been twice g
oSe demned by the people in national el'
for tions, and which, enacted under the ia
~, plea Of protection to home lndust
i proved prolific breeder of trusts q
monopolies, enriched the few at
Aos expense of the many, restricted trade
lilo deprived the producers of the 81
ItlAmerican staples Of access to tt
- natural markets. Until the money qr
ain w.. u;4.4;on for fnrthar changes in our "a
any 49, aycant snoh "A are necessary
80 rs.t ths dsf,cit n the revenue caused
1880. dac;aion ~ tha eunrame a.
ted sne ~ ~ incoms tar lav.
On 'no 'n0o ,scn,.. 49,
~. a..;.;on H. Il. ~ ~,
ii bus IoI s".e aIs'. :. - ds az - +,
V. court there wouiu oe ~ u1 ~ N =.
Am revenue unoer 'as . 1ss;a .ss.. - -
oraslc congssss, :. os tSst cnr,s for !
a. ,nn .n..o ond Ahak Noupk ~ !