Daily capital journal. (Salem, Or.) 1896-1899, 1896-10-27

Jackson declared that this power
could not be delegated Interpretations
or Individuals. We therefore de
nounce the issuance of notes intended
| to circulate as money by national
banks as in derugatiOu of the cnnSti-
tuition, and we demand that all paper
which is made a legal tender for
public and private debts or which is
receivable for duties to the United
states shall be be issued by the gov
eminent of the United States ana
shall be redeemable in coin.
TARIFF.
We hold that tariff duties should be
levied for purpose of revenue, such du
ties to be so adjusted as TO operate
equally throughout the country and
no discriminate between class or sec
tion, and that taxation should be
limited by the needs Of the govern
ment honestly and economically ad-
ministrated.
We denounce as disturbing to busl-
ness the Republican threat to restore
the Mckinley law, which has twice
been condemned by the people in ma
tiOnal elections, and which, enacted
under the false plea Of protection to
home industry, proved a prolific
breeder of trusts and monopOlies, en-
riched the few by the expense of the
many, restricted trade, and deprived
the producers of the great American
staples of access to their natural mar
kets.
INCOME. TAX.
Until the money question is settled
we are opposed to any agitation for
further changes in our tariff laws, ex-
cept such as are necessary TO meet the
deficit In revenue caused by the ad-
verse decision of the supreme court on
the income tax. But for this decision
by the supreme court there would be
no deficit in the revenue under the law
passed by Democratic congress in
strict pursuance Of the uniform deci-
sions of that court for 100 years, that
court having in that decision sus-
tained constitutional objections to its
enactment which had previously been
overruled by the ablest judges who
have ever sat on the bench. We de-
clare that 1t is the duty of congress to
useall the constitutional power which
remains after that decision, or which
may come from its reversal by the
court as 1t may hereafter be consti-
tuted, so that the burdens of taxation
may be equally and impartially laid,
to the end that wealth may bear its
due proportion of the expense of the
government.
LABOR.
We hold that the most efficient way
of protecting American labor is to
prevent the importation of foreign
pauper labor to compete with 1t in the
home market, and that the value of
the home market TO our American
farmers and artisans is greatly reduced
by a vicious monetary system which
depresses the prices of their products
below the cost of production, and thus
deprives them of the means of pur-
chasing the products of our home
manufactures, and, as labor creates
the wealth of the country, we demand
the passage of such laws as may be
necessary to protect itin all its rights.
We are in favor of the arbitration
of differences between employers en-
gagged in interstare commerce and
their employees, and recommend such
legislation as is necessary to carry out
this principle.
The absorption of wealth by the
few, the consolidation of our leading
railroad systems, and the formation
of trust and pools require sticter
control by the federal government OF
those arteries of commerce. We de-
mand the enlargement of the powers
of the interstate commerce commiss-
ion and such and such restrictions and
and guarantees in in the control OF
railroads as will protect the people
from robbery and oppression,
TAXATION.
NWe denounce the prohigate waste
of the money wrung from the people
by oppressive taxation and the lavish
appropriations of recent Republican
congresses, which have kept taxes
high while the labor that pays them
is unemployed, and the products OF
the peoples toll are depressed in price
till they no longer repay the cost OF
production.
We demand return to that sim
plicity and economy which benefits
Democratic government and reduc-
tion ia the number OF useless offices,
the salaries of which drain the sub
stance of the people.
FEDERAL INTERFERENCE.
1--WE denounce arbitrary interferences
by federal authorities in local affairs
as violation of the constitution or