The Forrest City times., 1896-04-17


 dollars. The income tax had teen de- clared unc institutional. While he thought the decision bad one, yet the decision of the Supreme Court was the supreme law of the land. Had it been declared constitutional. only about S30. 000 900 would have been raised by il. winch was hardly "a drop in the bucket" No congress wonl l ever vote d direct tax upon the people. and .he internal revenue taxes would be applied only to liquors and tobacco. Hence the government must resort to i'm port uutieS. Any administration must demand lower tariff. even Mckinley himself. because foreign countries can not compete with home manufactOrieS under high tariff The revenue purposes of the tariff will he defeated If it IS made so high that 1t is proliibi- tory.
 He said there was only one question the financial question. He did not understand that political parties were organized solely for ihe purpose of put sing d few men in office, but for the purpose of securing the best govern lnent possible. The democratic and republican parties were organized upon the principles of Jefferson and Haipil- ton, the two great statesmen at the early period of our history. Jefferson wanted financial system in which the silver dollar should be the unit. Hamilton wanted gold as the unit of value. Jefferson's idea prevailed. Jefferson was opposed to national banks, believing that banks Uf issue were giant evils. Jefferson was so opposed to national banks that he WAS d tS.lp pr question. Hamilton believed in banks of issue. Jefferson believed tue gov ernment should be economically ad- ministered. aud taxes should be col lected for no other purpose than to de fray the actual expenses of the gJv- ernment. Hamilton believed that the infant industries should be assisted by | the government.
 | The first democratic platform ever promulgated in d national convention was in lS40. It contained nothing about gold and silver. because no dem- OcrHt could be opposed 10 their cH- equal coinage. It denounced the nation ] al bank as an institution organized to defraud the people. In lS44, and m every subsequent year uitll 1873, no mention of gold and silver was ever made, because it was considered true | democracy.
 | In 1873. by some dark. my sterious and up to the present time. lneXpllca- ble means. silver was demonetiZcd in d bill introduced by Jehn Sherman, the l wisest aud shrewdest republican of lns day. Gen. Grant. in 1876, said he would not have approved the bill had l he known that it demonetiZed silver, aud standing reward is offered for any newspaper mentioning the dc mOnetizatioD at the time tlir deed was accomplished. Senator Beck, of Ken lucky, and other prominent and ir- ! repruachable statesmen, positively de clare that no such provisions were con- tained iI the bill when 1t passed con- giess. In 1876, when Tilden was nom mated OH the reform platform. che peo- pie did not then know that silver had been demonetiZed. ''The shoe had not begun to pinch" In the latter part of 1878, Richard F. Bland. of Missouri. introduced bil for the free coinage of silver. It passed the house, but in the senate. Senator Allison succeeded In securing a compromise. known as the Bland lliSon blll, which provided for the purchase of two to four million dollars ot silver bullion. This was fol- | iOMcu Uy ttc oCC LII lCoo. which the secretary was vested with | the authority to purchase I ,oOO .OOO ounces of silver per month From 1875 till the present day silver has remained commodity. In tlle platform of the democratic party of 1859, the first men, ton of gold and silver was made in these words: We believe in honest money, the gold and silver coinage of the constitutions. and circulating medium convertible into such money" " In 1884 the words without loss" were added. and the platform of 1888 was the same as that of 1874. In 1892 the platform contained the following true JetfersOniau declarations: We hold LO the use of both gold and silver without discriminating against either metal or charge for mintage," but this was fol- lowed by the most disgraceful jargon about parity, intended tO catch the votes of the east. The state conven- tiOn of 1894 declared for the free coin age of silver and gold at the ratio of l6 to l. and severely denounced the crime of 1873.
 Ills doctrine was that the only hope Of silver lay in the democratic party. Between the two great parties, the diff ference was very distinctive.
 NIT. larrod came out for governor on January 9, he (J"nes) came out Feb ruary l7. Oa the evening of January $, before Mr. Harrod announced for governor on the following day, he (llarred) lad made speech Tn the Old Hickory Club at Little Rock. ill which he made use of this expressions "So loyal am l to democracy, that it
 Rothscllds should write the platform