The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-09-10

against invasion It is not authorized to
interfere in the domestic affairs Of any
state, except upon application of the
legislature of the state or upon the APP
plication of the executive when the leg
lslature cannot be convened.
This provision rests upon the sound
theory that the people of the state,
acting through their legally chosen
representatives are, because of their
intimate acquaintance with local con-
diE6ons, better qualified than the presi-
dent to judge of the necessity for fed
eral assistance. Those who framed the
constitution wisely determined to make
as broad an application of the princi-
pies Of local self government as cir
cumstances would permit, and we can
not dispute the correctness of the posi-
ton taken by them without expressing
a distrusf of the principles themselves.
ECONOMY.
Since governments exist for the pro-
| lection of the rights of the people. and
! not for their spoliation, no expenditure
Of public money can be justified unless
that expenditure is necessary for the
honest, economical and efficient admin
istration OF the government. In deter
mining what appropriations are neces-
Sary, the interest of those who pay the
taxes should be consulted, rather than
the wishes OF those who receive or dis
burse public moneys.
BONDS.
! An increase in the bonded debt of the
United States at this time is entirely
without excuse The issue of interest
] bearing bonds within the last few years
/ has been defended on the ground that
/ they were necessary to secure gold
with which to redeem United States
notes and treasury notes, but this
necessity has been imaginary rather
than real. Instead of exercising the
/ legal right vested in the United States
to redeem its notes II either gold or s-l-
yer, the executive branch of the gov
eminent has followed a precedent es-
tablished by a former administration
and surrendered the option to the hol-
der OF the obligations. This adninisl
trative policy leaves the government
at the mercy of those who find a Pc
cuniary profit in bond issues. The TACT
thaf the dealers in money and securi-
ties have been able to deplete or pro
tect the treasury, according 10 their
changing whims, shows how dangerous
it is TO permit them to exercise a con-
trolling influence over the treasury
department.. The government of the
United States, when administered in
the interest of ali the people, is able
to establish and enforce its financial
pONCy, lOJ Only WITHOUT lilS dlu VI
SyndicateS, but in spite Of any opposi-
ton which the syndicates may present.
To assert that the government is de-
pendent upon the good will or assist
ance of any portion Of the people, other
than a, constitutional majority, is to
assert that we have a government in
form, but without vital force.
NATIONAL BANK CURRENCY.
The position taken by the platform
against the issue of paper money by
national banks is supported by the
highest Democratic authority, as we'll
as demanded by the interests Of the
people.
The present attempt of the national
banks to force the retirement of the
United States notes and treasury notes,
in order to secure a basis for larger
issue Of their own notes, illustrates the
danger which arises from permitting
them to issue their paper as a circulate
ing medium. The national bank note
being redeemable in lawful money has
never been better than the United
States note which stands behind it,
and yet the banks peTsistently demand
that these United States notes, which
draw no interest, shall give place to
Interest bearing bonds, so that the
banks may collect the interest which
the people now save. To empower ma
tonal banks to issue circulating notes
is TO grant a valuable privilege to the
favored class, surrender to private cor
pora tons the control over the volume
of paper money, and build up class
which wild claim a vested interest in
the nations financial policy. Our Uni
ted States notes, commonly known as
greenbacks, being redeemable in either
gold or silver at the option of the gov
eminent, and not at the option Of the
holder, are safer and cheaper for the
people than national bank notes based
upon interest bearing bonds.
THE MONROE DOCTRINE.
A dignified but firm maintenance of |
the foreign policy first set forth by
President Monroe and reiterated by the |
presidents who have succeeded him, in I
stead of arousing hostility abroad, is
the best guarantee of amicable rela-
tons with other nations 1t is better !
for all concerned that the United States {,
should resist any extension of Euro
pean authority in the western hemi- |
sphere rather than invite the contin- |
ual irritation which would necessarily |
result from any attempt to increase [
the influence of monarchical institutions |
over that portion Of America which I
has been dedicated to republican gov
eminent.
PENSIONS.
No nation can afford to be unjust to
it's defenders. Care of those who have |
suffered injury in the military and ma
val service of the country, is a sacred /
duty. A nation which, like the United +
States, relies upon volunteer service /
rather than upon a large standing 4
army, adds TO its own security when it /
makes generous provision for those
who have risked their lives in its de-
Tense, and for those who are depend
ent upon them.
THE PRODUCERS OF WEALTH.
Labor creates capital Until wealth |
is produced by the application OF brain
and muscle to the resources of this /
there is nothing to divide |
among the non-producing classes of So I
ciety. Since the producers OF wealth I
create the nations prosperity in time /
of peace and defend the nations flag I
in time of peril, their interests ought, |
at all times, to be considered by those +
who stand in official positions. The I
Democratic party has ever found its /
voting strength among those who are !
proud to be known as the common peo-
pie, and it pledges itself to propose
and enact such legislation as is neces-
sary to protect the masses in the free
exercise of e1y.a1-v OOliti-a1 RIGHT and I