The Providence news. (Providence [R.I.]) 1891-1906, 1896-09-04

denim the Populst convention OF Chicago
and ST. Louis for their cooperation.
With the Republican party increasing
these conditions. which are pleaded in
justification Of heavy increase OF bur
dcns OF the people, and further resort
TO protection. we therefore denounce
protection and its ally free coinage OF
silver as schemes forthe personal profit
OF few at the expense OF the many,
and oppose the two parties which stand
for these schemes as hostile TO the people
or the republic. whose food and shelter,
comfort and prosperity are attacked by
higher taxes and deprecated money.
In fine, we reaffirm the historic Demo-
cratic doctrihe OF tariff for revenue onlv.
we demand that heneeforth modern
and liberal policies toward American
shipping shall take the place OF our imi-
talion OF the restricted statutes OF the
18th century, which We're abandoned by
every maritime power but the United
States. and which, TO the nations hu-
initiation. have driven American capital
and enterprise TO the use of alien flags
and alien crews. have made the Stars and
Stripes an almost unknown emblem in
foreign waters, and have virtually ex-
tinguished the race of the American sea-
man. We oppose the pretense that dis
eliminating duties viii promote ship
ping; that scheme is an invitation TO
commercial warfare upon the United
States, un-American in the light of our
great commercial treaties, Offering no
gain whatever 10 American shipping,
while greatly increasing ocean freights
on our agricultural and manufactured
products.
The experience OF mankind has shown
that by reason of its natural qualities
gold is the necessary money OF the large
affairs or commerce and business, while
silver is conveniently adapted TO minor
transactions, and the most beneficial use
or both together can be ensured only by
the adoption OF the former as a standard
of monetary measure, ana the mainte-
nance of silver at parity with gold by
it's limited coinage under such safe
guards OF law. Thus the LARGEST pos
sible enjoyment of both metals is gained
with value universally accepted
throughout the world, which constitutes
the only practical currency, assuring the
most stable standard and especially the
best and safest money for all who earn
a livelihood by labor or the product of
husbandry. They cannot suffer when
paid in the best money known 10 man,
but are the peculiar and most defense
less victims OF a debased and fluctuating
currency, which offers continued profits
TO the money changer at their cost
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 1884 and 1853 THE gold standard of
monetary measurement and likewise en-
tirely divorced the government from
banking and currency issues. To this
long established Democratic policy we
adhere, and insist upon the maintenance
of the gold standard and of the parity
Herewith of every dollar issued by the
government, and are firmly opposed to
the free and unlimited coinage Of silver
and to the compulsory purchase of sill
yer bullion.
But we denounce also the further main
tenance of the present costly patchwork
of national paper currency as a constant
source of injury and peril We assert
the necessity OF such intelligent cur
rency reform as will confine. the govern
ment TO its legitimate functions, COM
pletely separated from the banking
business and afford to all sections of our
country a uniform. safe and elastic
bank currency under government super
vision, measured in volume by the needs
Of business.