Daily capital journal. (Salem, Or.) 1896-1899, 1896-07-14

an enormous profit 10 themselves, sup
ply the federal treasury with gold Il
maintain the policy OF gold nionomet
allism.
Congress alone has power to coin ant
issue money, and President Jackson
declared that this power could not b
delegated TO corporations or indlyldu
ais. We therefore, demand that th'
power to issue notes be taken from the
banks, and that the paper shall bt
issued directly by the treasury depart
ment. We hold that tariff duties
should be levied solely for the purpose
of revenue, aud taxation should be
limited by the needs Of the govern
ment, honesty and economically ad.
ministered. We denOunce as dis
{ rJing TO business the Republican
threat to restore the Mckinley law,
which has been twice condemned by
the people in national elections. and
which, enacted under the false plea of
protection 20 home industry, proved Il
prolific breeder Of trJSts and mOnOpo-
lies, enriching the few at the expense
Of the maLy, r. stricted trade and de-
prived the producers Of the great
American staples Of access to their
natural markets. Until the money
question is settled, we are opposed to
any agitation for further changes in
our tariff laws, except such as are
necessary to make the deficit in rev.
enue, caused by the adverse decision
of the supreme court as to the income
tax.
But for the decision Of the supreme
court, there would be no deficit In the
revenue under the law passed by the
Democratic congress, IN strict pur-
suance OF the uniform decisions Of
that court for nearlyl00 years, the court
having under that decision sustained
constitutional objections To its enact
ment. which had been oyerruled by
the ablesL judges who have ever sat
on that bench.
We declare that IL is the duty of
congress 10 use all the constitutional
powers which remain after that de-
clsiOn. or which may come from It's
reversal by the court, as IL may here
after be constituted, 30 that the bur
dens Of taxation may be equally and
impartlally divided, TO the end that
we may all bear the due proportion OF
the expenses Of the government.
We hold that the most efficient way
OF protecting' American labor is tC
prevent the importation Of foreign
pauper labor to compete with II In
the home market, and that the value
OF the home market To our American
farmers and artisans Is greatly re-
duced by "A vicious monetary system,
which depresses the prices of theiI
products below the cost of production
and thus deprlves them of the means
OF purchasing the products OF ouI
home manufactures. The absorption
OF wealth by the few, the consollda.
tlon Of our leading railway systems
and the formation OF trusts and pools
require a strlcter control by the fed
eralsgoyernment of those arteries OF
commerce.
We denounce the pr0nlgate waste
OF money wrung from the people by
oppressive taxation, and the lavish
appropriations OF recent Repu bllcan
congresses, which have kept the taxes
high while the labor that pays them
Is unemployed, and the products of
the peoples toll are depressed In price
until they no longer repay the cost OF
production. We demand a return "a
that simplicity and economy which
BELTS Democratic government, and
a reduction, In the number OF useless
ofiices, the salaries OF which drain the
substance OF the people.
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