Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1896-06-25
its equality with gold for the none,

currency OF the nation.
From this act (for which tho Democratic
purity was In nowise responsibility and from
the action of other nations following In
the samo course, it has resulted that silver
has greatly declined In commercial value,
and there now exists wide departure Of
the two metals from the coinage standard
Of value, bringing disturbance TO the
| financial systems of European countries
As we'll as to our own and awakening
there, as hero, tho earnest apprehension OF
statesmen and flnanciers
| The restoration OF the equilibrium OF
the two metals thus disturbed is a prob
lem the solution of which Is of the great
est consequence to the prosperity of both
this country and Of Europe but Is wholly
beyond our power without the Corpora
ton of other nations.
would Change Present Standard.
Such co operation by the united efforts
| Of statesmen and wage earners here and
elsewhere, is beloved to bo near at hand,
! and II is thought to DO possible TO SECURE
ii by earnest and well directed effort
Free coinage Of silver by tho United
States alone can hate no other effect than
to change our present standard to ono Of
silyer-now a deprecated cOin-and to re-
tard perhaps destroy forever, the success
OF the movement now general throughout
civilized countries for the restoration Of
free bimctullic coinage IN the principal
mlnts of the world
The proposition to separate ourselves
from the great nations OF the world and
adopt the nUnotary standard OF Mexico
and China does not comport with the pride
land financial dignity OF the state OF New
York or the United States
Ii should DO resisted with the fervor Of
both craftsmanship and patriotism by Dem.
ocrats everywhere when tho adoption Of
such a course threatens, as it does, untold
evils TO our nations commerce and indus
try.
For these reasons and with these conyic-
lions the Democrats of New York In con-
vention assembled make tho following
declaration OF their principles and appeal
/. TO the Democrats of other states TO join
with them IN Incorporating these princi-
pies In the party platform to bo adopted at
Chicago:
We are in favor Of gold and silver as the
standard money Of the country. We are
opposed as permanent financial policy to
gold monometalllsIn ON the other hand.
Tho pledge contained in the repeal Of
the sherman law, which repeating act was
passed by Democratic congress and ap-
proved by a Democratic president, should
be faithfully carried out wherein It was
doolnred that tho efforts of the government
should be steadily directed to the estab-
! lishment of such safe system Of bimetal-
/ ism as will maintain at all times the
equal powor Of every dollar coined or Is
sued by the United States In the markets
and in the payments Of debts.
We believe that such bimetallism, to
which the nation is soemnly pledged, can
only DO safely secured and permanently
| maintained through the concurrent action
OF the leading nations Of the world.
Neither this country nor any Other coun-
try independent and alone, Is able "a
maintain t., and Il would DO folly to at.
tempt it.
Being so convinced, we are opposed tc
the free and unlimited coinage Of silver In
the absence of the corporation Of Other
great nations. ~
We declare our belief that any attempt
upon the part OF the United States alone
TO enter upon the experiment OF free silver
coinage would not only prove disastrous
to our finances, but would retard, or en-
tirely prevent, the establishment OF inter
national bimetallism.
Essential to National Credit.
Until international cooperation for bl
D metallisn can be secured-to which en'
all our efforts as government and as
4 people should be in good faith directed
/ we favor the rigid maintenance Of tn
present gold standard ms essential to th
preservation OF our national credit, tn
. redemption Of our public pledges and tn
!, keeping inyiolate Of our oountry's honor.
l. We insist that all our paper and silve
= currency shall be absolutely at a parit
j. with gold.
Second.-The Democratic party la
ever been and still Is the hard money pai
ty, and It will preserve that record. II
9 opposed TO legal tender paper money as
part Of our permanent financial system
+ and It refuses TO sanction any paper cul
i rency inconvertiba with coin.
J. The United States notes and treasur
notes, hciug in fact debts OF the govern
u ment, should DO gradually paid of, retire
+ and cancelled.
! This should and must be done in such
manner as TO cause no contraction of q
= circulating money OF the country. ;
D. long as they exist, however, and are pc
20 mitted to circulate as money, they shoul
IS be redeemablo at all times, upon deman
p In the standard money of the country.
N This Democratic party is pledged TO q
fesoluto maintenance OF the puDllc croN
To at all tiinOs and under all circumstance
N and IL is therefore opposed 20 the repeal
10 any existing statute which enables u
~ secretary of the treasury, by the issue
X bonds Or otherwise TO provide an adequa
" fund for the redemption in gold of our p
-. ! per obligations whenever necessary
al Ihird.-We roiterato our adherence
the principle of a tariff for revenue only
n We are opposed To government partne
ship with protected monopolies, and we d
or mand that import duties, like other take
o. should be impartially laid and their II
n position limited to the necessities OF t
@ government economically administered
N Federal taxation should not be impos
X to benefit Individual interests at the g
Ut pcnse Of the general welfare.
We repudinte the doctrine that It is I
nd province Of the government, by the exerc
OF VI abuse oi the power Of taxation, to bui