The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1896-06-24

was depressing silence. The next mo-
ment, with mighty shout of Mo-
| the convention rose en- masSe and re-
peated the ovation that greeted his en-
trance
| The Committee on Resolutions then
presented the following platform:
! I'VE favor the soundest and safest
money know - man, and as expert
ence has shown that this consists of
both gold and silver, with equal rights
of coinage and full legal tender power
we demand the repeal of that Republic
can and plutocratic legislation which
demonetized silver and reduced it to
/ the basis of token money, destroying
by one-half the stock of real money.
and by doubling the work to be done by
gold doubled its purchasing power, so
that the farmers and producers had to
give twice as much work to get dollar
as they formerly had, and found it hard
to meet their debts, interest, taxes and
! fixed charges, which were not low
| cred. In this way the market for those
things which mechanic and labor made
was destroyed and the factories had to
shut down.
But by thus taking out of the COM
mercial world one-half of it's blood in
dustry and trade have been paralyZed
and idleness and misery spread over the
civilized world. With the richest nat
ural resources, with most Industrious,
frugal and enterprising population
and with the most abundant harvests,
our people are in distress. Three per
cent. of our population Cwn over half the
wealth of this republic, and almost the
only men who prosper are the bond
| sharks and the men who fatten off the
misery of their country.
These are conditions under which
republican institutions cannot long
dure.
| I'VE believe in the greatness and pat
riotism of the American people, in their
energy and thrift, and that such peo-
pie, with the unlimited resources of our
land, are strong enough to sustain a
monetary system without the aid of
| foreign Governments.
I'VE believe the benefits of the indie
pendence which we gained a hundred
years ago-the war for which was in
/ itiated upon matter OF tribute-should
not be lost by yielding vassalage to a
monetary system preferred by other
| Governments.
I'VE believe bimetallism, which has
| done the work of the world since the
dawn of civilization, and which was
made the basis of the monetary system
| by Hamilton and Jefferson, is absolutely
| necessary at present to the prosperity
of mankind, and that its re-establish-
| lnent will check the present business
| paralysis, will give to the country a
! safe and honest currency Of adequate
volume viii restore prices of agricul-
tural commodities, will encourage en-
| terprise and give our people strength
and profitable employment. Having
! learned through bitter experience that
/ Wall street has controlled the financial
! legislation at Washington, and know
| ing that every effort will be made to
defeat the will of the people, we deem it
| proper to be explicit in our declara-
! tons.
"Actuated by the foregoing princi-
pies, and desiring the prosperity of the
people, we demand the immediate and
| free and unlimited coinage of both sold
| and silver as standard money at the
ratio of sixteen ounces of silver to or1o
| ounce of gold, of equal fineness AID le-
! gal tender power to each metal, with
out waiting for or depending Or any
other alton on earth, and the delegates
| from this convention to the National
| Democratic Convention are instructed
! to use all honorable means to obtain a
similar declaration from the national
| convention, and to support only such
men for the Presidency as are in full
and pronounced sympathy with these
| principles.
I'VE are also opposed to the contrac-
ton of the currency by the retirement
Of any part of the present outstanding
! treasury notes.
I'VE favor a tariff for revenue only,
and declare that the Government should
collect no more taxes than are neces-
sary to defray the expenses of the Gov
| eminent, honestly and economically adj
ministered.
I'VE are unalterably opposed to the
revival of any such monstrosity in leg
! :slation 40 that Act of Congress which
was known as the Mckinley law, which
for the fiscal year ending June 20, 1894,
| produced a deficit in the United States
Treasury of $40 100000, under which
wages were greatly lowered and which
gave proprietors a monopoly, while it
permitted them to fill their shops with
| the cheapest kind of cheap labor
| brought from all parts of the earth.
! I'VE demand the abolition of Gov
| eminent by injunction, that new form
| of oppression and weapon of the money
| power never before heard of among
workmen. whereby a Federal Judge at
! once becomes legislator, judge and ex-
| ecutioner 1t is absolutely destructive
of Republican institutions; it robs the
| American people of the right of trial
| by jury and of all the protection by the
| Constitution
| The arbitrary interference on the
part of the Federal Government in local
affairs by ignoring lawful authorities
is not only a violation of the Constitu-
ton of the United States, but crime
against Government, against demo-
cratic and republican institutions.
I'VE call attention to the fact that
| the National Republican Convention re-
! Gently in session at St Louis was abso-
+ lutely dominated by those who devour
the substance of others. and by those
| Influences which have been so prolific
/ of corruption in all branches of the pub
lie service. That convention yielded to
the iron hand of the Barons of monop-
| oily and nominated as President the
author of the most iniquitous tariff bin
/ ever enacted and bowling down to the
money power. declared in favor of a
single gold standard
I'VE favor an amendment to the Fed
eral Constitution permitting the levying
and collecting of an income tax.
The delegates from this convention
to the National Democratic Convention
are instructed to support only such men