The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-06-25
THE NEW YORK
DEMOCRATS CONVENE
Concluded from PaSe IL

Concluded from PAgs IL
well as to our own. and awakening there,
as here. the earnest apprehension Of
statesmen and financiers. The restoration
OF the equilibrium OF the two metals thus
disturbed IL Q problem. the solution Of
which Is of the greatest. consequence to
the prosperity Of both this country and Of
Europe. but Is wholly beyond our power
without the cooperation Of other ma
tions. Such cooperation by the united
efforts of statesmen and wage-earners
here and elsewhere, IL believed to be near
at hand and to be possible to secure by
earnest and well-directed effort.
EFFECT OF FREE COINAGE.
Free coinsge Of silver by the United
States alone can have no other effect than
TO change our present standard to one Of
s!lver-now deprecated coin-and to re-
tard, perhaps destroy forever. the success
Of the movement now general throughout
civilized countries for the restoration OF
free bmetallic coinage in tho principal
nlints OF the world. Tho proposition to
separate ourselves from the great nations
of the world and adopt the monetary
standard Of Mexico and China does not
comport with the pride and financial dig
nifty of tho state OF New York. or the
United States. 1t should be resisted with
the fervor Of both partisanship and pa
triotism by Democrats everywhere. when
the adoption Of such a course threatens.
as 1t does, untold evils to our nations
commerce and industry.
For these reasons and with these convic-
tions, the Democrats Of New York, in con-
vention assembled, make the Following
declaration Of their principles. and appeal
to the Democrats Of other states to join
with them in Incorporating these prtnci-
pies in the party platform to be adopted
at Chicago:
/. We are In favor Of gold and silver rs
the standard money Of the country. We
are opposed, as permanent financial pol
icy, to gold mono-metallism on the one
hand. or to silver mono metalllsm on the
other hand. We believe that such BIZ
metalllsm. to which the nation is solemn
~ pledged. can only be safely secured and
permanently maintained through the con-
current action Of the leading nations of
the world. Neither this country nor any
other country, Independent and alone. is
able to maintain 1t. and It would be folly
to attempt 1t. Bedng 80 convinced, we are
opposed to the free and unlimited coinage
Of silver In the absence OF the co-opera-
ton Of other great nations. We declare
our belief that any attempt upon the part
Of the United States alone to enter upon
the experiment Of free silver coinage
would not only prove disastrous to our
finances. but would retard. or entirely
prevent the establishment Of int9r4ia-
tional bimetallism. Until International
cooperation for bin1etall!sni can be Sc
cured--to whicls end all our efforts az q
governmer+ and as q people should be In
good faith directed-we favor the rigid
maintenance Of the present gold standard
az essential to the preservation Of our ma
tional credit, the redemption Of our public
pledges and the keeping inviolate Of our
country's honor. We insist that all our
paper and silver currency shall be kept
at a parity with gold.
HARD MONEY PARTY.
@ The Democratic party has ever been
and still Is the hard money party and 1t
will preserve that record. 1t is opposed
to legal tender paper money a. part CT
our permanent financial system, and 1t re-
fuses to sanction any paper currency in
convertible with coin. The United States
notes and treasury notes, being In fact
debts Of the government, should be grau-
ually paid of, retired and cancelled. This
should and must be done in such man.
ner az 70 causo no II, I1r ,hn co'n.rv ~ so n ,omo
ee.s os a,,os ranar ~ cUrrsncv exists however
and is permitted to circulate as money, it
should be redeemabls at an times upon
demand. In the standard money OF the
country. The Democratic party 10 pledged
to the resolute maintenance Of the public
credit at all times, and under all clrcum-
stances, and 1t Is therefore opposed 70 the
repeal of any legislative statute whlch
enables the secretary OF the trasury, py
issue Of bonds or otherwise to provide ede.
quato funds for the redemption In goIa OF
our paper obligations whenever hecessaIy.
3. We rsiterate our adherence TO the
principle OF tarln for revenue only:
Federal taxations should not be imposed
to benefit individual interests OF the ex-
pense Of the general welfare. we endorss
the administration OF President Cteveand
pu.s anu pa. .ttart, to nnasntain The financial
cra;lit Of the United States, It 10 hereby
d.,