The times. [volume] (Richmond, Va.) 1890-1903, 1896-09-27

ON unlimited issues Of paper
money by the Government They abandon
for Republican allies the Democratic
capse 81 tariff reform TO court the favor
of protectionists TO their fiscal heresy'
In view Of these and other grave de-
partures from Democratic principles we
cannot support the candidates OF , r
convention nor be bound by It's acts no
Democratic party has survived many ue
foats. but could not survive victory
,Von in behalf Of the doctrine anu po"0S
proclaimed in its name at Chicago;
The conditions, however W"lcn I'm
nossible such utterances from a ~ s'' -
Convention are the direct result OF ciass
'a,.s,,o,,o,, Nv the Republican party. IL
s,nl nroclaims as it has Cor years INC
,.o.r,,or ana duty Of government TO ralse
and maintain prices by law ana II PiO
,,oses no remedy for existing evils except
oppressive and unjust taxation
TRUE DEMOCRACY
The National Democracy here convened
therefore renews its declaration "a
faith in Democratic principles esPc 49,
as applicable TO the condlto"s VI ~
.t,.,' ,r9xation. tariff. excise. or direct
IS rightfully imposed only lor Puoi'0
roses and moi for private gam 10
anoolnt is Justly measured by pubic eA-
Derditures which should be limited by
.-,,,,,,,lous economy The sum derived py
the Treasury from tariff and excise
le,1es IS affected by the state OF Odue
and volume of consumption Inc aInounl
reouired by the Treasury is determiNeu
las, The authorizations made by Congress
The demand OF the Republican parry 4oi
an Increase in tariff taxation mas l'9
uretext i'm the deficiency of revenue Which
mas IFS causes in the siagnauon OF TRACE
and reduced consumption, que enuIciS
to the loss OF confluence that mas io4iON-
ed the Populist threat of free coinage
and depreciation Of our money ana 'ho
Republican practice Of extravaganza ap-
pronriations beyond the needs of good
government ...,..
TWO POPTLIST GATHERINGS.
We arraign and condemn the Populistc
Conventions Of Chicago and ST. Louis Tor
their cooperation with the Republican
marty in creating these conditions, which
are pleaded in Justification Of a hearty IN
crease OF the burdens of the people by
further resort 90 protection
TWIN EVILS.
We therefore. denounce protection and
its ally. free coinage Of silver, as schemes
for the personal profit OF a few AZ the
expense Of the masses, and oppose the
two parties which stand for these schemes
as hostile TO the people Of the republic,
whose food and shelter, comfort and
prosperity are attacked by higher taxes
and deprecated money in fine, we re-
affirm the historic Democratic doctrine
of tariff for revenue only.
SHIPPING.
We demand that henccforth modern and
liberal policies toward American ship
ping shall take the place OF our imlta-
ton of the restricted statutes Of the
eighteenth century, which were
long ago abandoned by every
maritime power but the United
States. and which to the nations
humiliation have driven American capital
and enterprise TO the use Of alien flags
and alien crews. have made the stars
and Stripes almost an unknown emblem
in foreign ports. and have virtually eX-
tingushed the race of American seamen.
We oppose the pretence that discrmi-
mating duties will promote shipping; that
scheme is an invitation TO commercial
warfare upon the United States, un-Amer-
lean In the light Of our great commercial
treaties. Offering no gain whatever 20
American shipping. while greatly increas-
ing ocean freights on our agricultural
and manufactured products.
GOLD STANDARD
The experience Of mankind has shown
that by reason of their natural qualities.
gold is the necessary money OF the large
affairs of commerce and business, while
silver is conveniently adapted TO minor
transactions and the most beneficial use
of both together can be- ensured only by
the adoption Of the former as a standard
of monetary measure. and the mainte-
nance of silver at party with gold by
its limited coinage under suitable safe
guards of law. Thus the largest possible
enjoyment of both metals is gained with
q value universally accepted throughout
the world. which constitutes the only
practical bimetallic currency. assuring the
most stable standard and especially the
best and safest money for all who earn
their livelihood by labor or the produce
Of husbandry. They cannot suffer when
paid in the best money known 10 man.
but are the peculiar and almost defence
less victims Of a debased and nuctuatinC
currency which offers continual profits to
the money changer at their cost.
CURRENCY REFORM.
Realizing these truths. demonstrated by
long public Inconvenience and loss. the
Democratic party. In the interests OF
the masses and of equal justice to all
practically established by the legislation
OF 1894 and 1853. the gold standard Of
monetary measurement and likewise en-
urely divorced the government from
banking ana currency issues. To this end
the established Democratic policy we adj
here and insist upon the maintenance OF
the standard and Of the party
Herewith Of every dollar issued
by the Government. and are firm
ly opposed TO the free and I'M
limited coinage Of silver and TO the COM
pulsory purchase of silver bullion.
But We dcnounce also the future main
tonanco OF the present, costly patchwork
system of national paper currency. as d
constant source OF injury and peril.
We assert the necessity of such intel
l.ccnt currency reform as VIII conhne the
gov rnmcnt TO its legitimate functions.
completely separating from the banking
business aud afford 20 all sections OF our
country, uniform. SAFE and lasting bank
currency under governmental supervis-
ION measured In volume by the needs Of
business.
THE ADMINISTRATION ENDORSE
The fidelity. patriotism. and courage
win which President Cleveland has ful-
filled bis great public trust the high char
acter or his administration, its wisdom
and energy in the maintenance of civil
order and the enforcement OF the laws
its equal regard for the rights OF every
class and every section. its firm and dig
nifod conduct OF foreign affairs. and its
sturdy persistence in UNFOLDING the credit
and honor OF the nation, are fully recog-
nized by the Democratic party. and VIII
ID "A Nn hta a { h4