Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1896-07-08

CndTCer OF the u. >. Dank at Will and
| pleasure. In that day and time the
courts held more tenaciously to the
doctrine of vested rights" than now,
and statesmen as we'll as the people
recognized the fact that the bank was
fixture until 1916. Jefferson was an
uncompromising enemy to the bank
and he declared banks of iss.e are
more dangerous TO the liberties of the
people than standing armies" He
proclaimed the doctrine that the
right to issue money must be
taken from the bank and restored to
the government Che people, to whom
1t belonged, and he proposed that when
| the government should stand in need
OF money it should issue it's own bills
OF credit Treasury notes. greenbacks),
bottomeG on taxes. Although Mr.. JEFF
ferson recognized the fact that the act
or 1875 conferred upon the u. S. bank
the power to control the currency IF
the country until 1876 he knew 1t was
necessary to educate the people to Sc
cure its overthrow and to this task
he set himself and in the year 1900
he organized his party, which he called
the republican party In that day
nominating conventions were not the
fashion. A man declared himself
candidate for the presidency as ons
of "the boys" would do now. who
wished to be constable of his beat
and he wrote a letter to some friend
avowing his principles, which served
the purpose of the latter day conven-
ton platform. Mr.. Jefferson's letter
set forth conspicuously two planks:
The first was opposition to the u S.
k-uncompromising hostility 10 the
idea of congress farming out the right
to individuals or soulless corporations
to control the currency of the country.
and the second was opposition to fed
eral interference in the local affairs Of
the states. On his declaration Of
principles Jefferson was elected preei.
dent in 1900 and again in 1904 as a re-
publican. Madison was elected his
successor in 1903 on the same platform
| and again in 1912. But the war of 1912
having afflicted the country and pro
| duced much financial embarrassment,
the money sharks took advantage of
the situation to importune congress 20
re-charter the bank. which was done in
1916 and Madison in defiance of his
pledges, approved the bill, which act
rendered him almost as despicable in
the eyes of the people as the present
occupant of the White House.
| Reallzlng that the country had been
duped by the money changers and he
trayed by their representatives. the
people were disgusted and ceased to agi-
tate the financial question for time.
! Monroe was elected twice, without on
| position. but In the campaign of 1924
| the bank question again became lead
ing issue. Four candidates for presi-
| dent entered the race. John Quincy
Adams, the federalist and u. S. bank
advocate was one. Henry Clay, who
represented that wing of the old party
| of Jefferson that had made frienda
with the bank was another. and An
drew Jackson, representing Jefferson'f
ideas on the question of banks of issue
and state rights was another. VIM.
n. Crawford, of Georgia, was believe
the fourth candidate.
1t will be observed that the renub-
lican or Jeffersonian party had divided
on the money question just as the dem
ocratic party is now divided on the
same question. There was no election
by the people, and the choice of pres
ldent was relegated to the lower house
Oh congress. In the contest the friends
OF Adams and Clay, under the influence
or the bank combined, and Jackson
the real representative of the Jeffer-
sonian policy was defeated. Adams
| the fp6prqliCt hoNonon
Clay, whose position was analogous tc
the gold-bug democrat of the present
day, was made secretary of state, and
thus 1t was the bargain intrigue and
corruption charge, which prevented
Harry of the West" from ever being
president, originated.
Mark you, fellow citizens. no demo-
cratic party had up to that time
sprung into existence. The party OF
JEFFERSON (who died July 4. 1S26) was
still called the republican party.
Adams served his term of office and
old Nick Biddle. president of the bank
was the power behind the throne. Sen
ators and congressman were seduce,l
and corrupted by the 'iberality of the
bank in lending money and other
SV NCil hnONu AMONG nnan-
ciers. An era of corruption never sur
passed. perhaps. unul the infamous
national banking system under which
we suffer, held high carnival. dictated
the policy of the government and
robbed the people numerically. Rut
the end came, for in 1928 Jackson
again took the field as a candidate for
president. and allow me to say that he
did not call himself democrat nor his
party the democratic party. He was
elected as THE Peoples" candidate on
platform of principles practically
the same as those promulgated at
Omaha in the second declaration of in
dependence, July 4, 1892 | hold in
my hand a Photographic copy of the
ticket voted in Ohio in 1928. 1t is
headed peoples mot democratic) ticket
1t has for its motto. Gratitude, glory.
patriotism" and its candidates for
president, Andrew Jackson: for vice
president. John c. Calhoun. And T
aff1rm. fellow citizens. here and low.
that up to that time there was no or
ganized party in this country known
as the democratic party. Ii this cam
palgn of 1928 the name of Iocofoco
democrats was given in derision to
Jacksons followers. just as the name
populist or populite has been given to
h.