The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1896-07-10

interest-bearing bonds of the United
States in time of peace, and con-
denim the tratficking with banking
syndicates, which, in exchange for
bonds at an enormous profit to them
selves, supply the Federal treasury
with gold to maintain the policy of
gold monometallism.
Congress alone has the power to
coin and issue money, and President
Jackson declared that this power
could not be delegated to corpora
tions or individuals. We, therefore,
demand that the power to issue
notes to circulate as money shall be
taken from the national banks, and
that all paper money shall be issued
directly by the Treasury Depart
ment, be redeemable in coin and re-
ceivable for debts, public and pri-
vate.
The Tariff.
We hold that tariff duties should
be levied fo- purposes of revenue,
such duties to be adjusted as to ope-
rate equally throughout the country,
and not discriminate between class
or section, and that taxation should
be limited by the needs of the Gov
eminent honestly and economically
administered. We denounce as dis
turbing to business the republican
threat to restore the Mckinley law
which has twice been condemned by
the people in National elections, and
which was enacted under the false
plea of protection to home industries,
proved prolific breeder to trusts
and monopolies, enriched the few
at the expense of the many, restrict
ed trade and provided the producers
of the great American staples of ac-
cess to their natural markets.
Until the money question is set
tied we are opposed to any agitation
for further changes in our tariff laws
except such as are necessary to meet
the deficit In revenue caused by the
adverse decision of the Supreme
Court on the income tax.
The Income Tax.
But for this decision of the Su-
preme Court there would be no de-
! felt in the revenue under the law
passed by a Democratic Congress.
In it's pursuance of uniform decisions
for nearly 100 years, that court hav-
ing in that decision sustained consti-
tutional objections to its enactm ent,
which had previously been over
ruled by the ablest Judge who
ever sat on that bench. We declare
that 1t is the duty of Congress to use
all the Constitutional power which
remains after that decision or which
may come from its reversal by the
court as it may hereafter be consti-
ton may be equally and impartially
laid, to the end that we all may bear
due proportion OF the expenses of
the Government.
We hold that the most efficient
way of protecting American labor is
to prevent the importation of foreign
pauper labor to compete with ii III
the home market, and that the val
lie of the home market to our Amer
lean farmers and artisans is greatly
reduced by vicious monetary sys-
tenn which depresses the prices of
their products below the cost of pro-
dpction and thus deprives them of
the products of our home manufac-
lures.
The absorption of wealth by the
few, the consolidation of our leading
railroad systems and the formation
of trusts and pools require stricter
control by the Federal Government
of those arteries of commerce. We
demand the enlargement of the
powers of the Interstate Commerce
Commission, and such restrictions
and guarantees in the control OF
railroads as will protect the people
from robbery and oppression.
sympathy for Cuba.
We extend our sympathy to the
people of Cuba in their heroic strug.
gle for liberty and independence.