The Caucasian. (Clinton, N.C.) 188?-1913, 1896-01-30
DEMOCRACY Us.
FREE SILVER
Why Free Coinage Of Silver Can.
not Be Secured Through the
Democratic Party.
RECORDS. FACTS, OPINIONS,

which shs. the Ssi.ity ass a, r.sss.,
OF Democratic rrsf-..s... ..s ri.,-
for~s The Sis~s sfs.- rsspi. On ,As
Question of the D.y what The, A...
and what rhsy rhisk-
Under this head will h. presented
communications competing for the
cash prizes announced else where for
the best article on Why the Free
and Unlimited Coinage OF Silver
Cannot Be Obtained Through the
Democratic Party.-l
In reply 10 your question. why
the free coinage of silver cannot be
secured through the Democratic
party, / would answer: Because
the Democratic leaders have sold
that party TO the national banks.
and Cleveland, Carlisle 4 Co. have
delivered the goods.
At first glance, il would seem that
the Democratic party ought TO be
the chief hope of the silver men.
No one will deny that the old party
founded by Jefferson gave us free
coinage Of silver: and the same party
under the leadership of jackson de-
stroyed the Uaifed States banks.
Jefferson declared that banks OF is
sue were more
DANGEROUS TO THE LIBERTIES
of a free people than standing
armies. jackson made his second
campaign against the banks and was
elected on that issue. AS late As
1910 the Democratic party in its ma
tlOnal platform declared, THAT
Congress has no right 10 charter
banks; that they are Of deadly hos
tility to the best interest of the
country,
DANGEROUS TO REPUBLICAN INSTlTU-
TIOSS
and to the liberties of the people,
and calculated to place the business
of the country in the control of a
concentrated money power and
above the laws and the win of the
people,"
This was standing plank in all
Democratic platforms for yeArs. The
party lived up to its platform prom
ises in those days, but in 1850 the
Republican party came into power
and chartered the national banks in
1868. These banks soon become q
POwERIN POLITICS,
and by their aid the Republica $
elected their candidate for Presi.
dent four successive times. This
seemed to have disheartened the
Democrats and being hungry for posce,
they resolved to make friends with
their old enemy, the haras. Jeffer.
son was dead. jackson was dead
but the banks were alive, and Il.
not a dead dog better than a dead
lionT The Democratic leaders oi
1873
SEEMED TO THINK so,
for in that year we find Democrat,
House uniting with a Republican
Senate to recharter the natiOna
banks; and at the next election ",
find the party Of Jefferson and Jack
son nominating w. H. English, /,
banker, for vice. President, in order
as Democratic Congressman de
clared, Ito show the banks that the,
had
NOTHING FURTHER TO FEAR
! from the Democratic party"
!. Since that time the Democratic
and Republican parties have vie,
with each other in bidding for 'he sup
port Of the banks. See what a differ
ence 1t makes in the practices of tn
party. In 1873 the Democrats foun,
a surplus in the treasury, and Jack
, son distributed it equally anon,
{ the States as q loan.
} In 1885 the Democrats again fouu
: a surplus in the treasury. Did the,
again distribute it among the States
Not much. The banks were now i
> CONTROL OF THE DEMOCRATIC PARTY
> and Cleveland and his Democrat
/. distributed ($59,0O0,OOO ffty-nin
million of the peoples money anon
the banks without interest. If th
: nomination of Mr.. English for vic.
President left the banks still in doub
) this action of Cleveland doub
? less convinced them that they ha
nothing further to fear from th
: Democratic party AS the surplr
! was still accumulatlng, CLEVELAND
: with the advice of Democrat
@ Congress, commenced
j. BUYING BONDS AT A PREMIUM.
The government had the right
= call IN these bonds at any time: bl
Q rather than exercise this right, an
3 offend his banker friends, Clevelau
chose to pay out some $50, ,OOO. On
II for the privilege of paying the
bonds
BEFORE THEY BECOME DUE.
If such examples as these will n,
= convince the reader Of the absolu
control which the banks have ov,
s the Democratic party. might me-
- ton the repeal Of the purchasir
- clause of the Sherman act, the iss
ing of bonds IN time of peace ~
the effort now making to saddle
further issue Of bonds on this cou
~ try. But these things are fresh in
THE MEMORY OF EVERY ONE.
q Now if we agree that the ban
' control the Democratic party, the
8 Mr.. Editor, your question natural
resolves itself into this: Can d
G. free coinage of silver be secur
er through the national banksf If q
- Democrat has q lingering hope tn
y the banks may prove friendly to s
70 yer, let him read
THE SECRET CIRCULAR
Or issued by the associated banks
t; 1898. and see how they conspire .
is only against silver but against tire.
O. ury notes also. Let him listen vh
Y, they advise one another through
to Buell. letter that to furnish the p,
to pie with money "will seriously All
IL your individual profits as bank
be and lenders" Let him read q
" tAe Hazard circular, issued duri